Elon Musk told a New York judge that a pair of tweets he sent last month about Tesla Inc. weren’t improper, pushing against a request by the U.S. Securities and Exchange Commission to hold him in contempt for violating earlier restrictions on his social media posts...
Samsung Electronics Co. Vice Chairman Lee Jae-yong, the only son of its ailing chairman, was nominated Monday to join its board of directors. The announcement comes as the South Korean company grapples with a smartphone recall that has wiped out billions of dollars from its market value. Samsung recalled 2.5 million Galaxy Note 7 ...
Whether job cuts come primarily from Yahoo or AOL— will go a long way in determining how much Silicon Valley real estate Verizon needs. “A lot of this is still up in the air,” said Mark Rogers, a corporate governance expert who has been following Yahoo’s travails ...
Viacom's board on Wednesday decided to eliminate one of the last corporate perks for its ailing founder, Sumner Redstone. Going forward, the media mogul who turns 93 next week, will not be paid an annual salary, according to a person familiar with the situation. Redstone was paid a $2-million salary for the 2015 fiscal year, according to a regulatory filing...
Even as stock prices tumbled and the country was plunged into a deep recession in 2008, seven of California's 10 highest-paid chief executives got sizable raises, lifting the average pay package to $32 million. That same year, Wall Street bankers gave themselves nearly $20 billion in bonuses as the government spent billions of dollars to bail out financial institutions...
It's "proxy season" again for most public companies — called that because most shareholders submit their votes via proxy rather than attend the companies' annual meetings in person. This year's season represents a critical juncture in public company corporate governance because of the 2012 season, which earned the moniker "Shareholder Spring" in some circles. The reference was to the dramatic "Arab Spring"across the Middle East, which was marked by wide-scale protests seeking reform within autocratic governments.