1. Articles from Bloomberg

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    1. Activist Cevian Says a Simpler Thyssenkrupp Could Soar 100%

      Activist Cevian Says a Simpler Thyssenkrupp Could Soar 100%

      Thyssenkrupp AG’s second-biggest shareholder said it expects the steelmaker will fix an overly complicated structure that’s to blame for poor investor returns. The stock could double if the company wasn’t so complex, said Lars Forberg, a managing partner at Cevian Capital. Thyssenkrupp, one of Germany’s biggest industrial companies with a business spanning submarines and elevators, is an oversized conglomerate that needs to restructure, Forberg said in an interview on Bloomberg Television...

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    2. Jana’s Jab at Apple May Be a Route to Reverse Its Shrinking Assets

      Jana’s Jab at Apple May Be a Route to Reverse Its Shrinking Assets

      Barry Rosenstein’s push to protect children from overusing iPhones isn’t just about altruism. The managing partner of Jana Partners offered a simple explanation for teaming up with the California State Teachers’ Retirement System this month to urge Apple Inc. to study whether young customers are being hurt. “I don’t think there’s any conflict with generating a positive return” and corporate good, he told CNBC...

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    3. Icahn's Bet on Copper Miner Is Paying Off After Two-Year Wait

      Icahn's Bet on Copper Miner Is Paying Off After Two-Year Wait

      Carl Icahn ’s investment in Freeport-McMoRan Inc. is finally looking up. The Phoenix-based miner’s stock has surged more than 30 percent in the past month on the back of a historic rally in copper prices. The red metal is up for its 10th straight day and is on course for its longest winning streak since 1989. Billionaire investor Icahn disclosed an 8.5 percent activist stake in stock and options in Freeport in the third quarter of 2015...

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    4. Big Pharma Is Urged to Report on Links Between Pricing and Pay

      Big Pharma Is Urged to Report on Links Between Pricing and Pay

      Pharmaceutical companies should be required to regularly report whether there’s a link between drug-pricing strategies and executive-compensation plans, according to a shareholder group. The Interfaith Center on Corporate Responsibility , a coalition of institutional investors with more than $400 billion of assets, said in a statement Wednesday that it submitted proposals for inclusion at the 2018 annual meetings of Abbvie Inc., Amgen Inc., Biogen Inc., Bristol Myers Squibb Co. and Eli Lilly & Co. “An executive compensation incentive program reliant on revenue growth solely from drug price increases is a risky and unsustainable strategy,” the group said in the statement. “The ...

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    5. Bill Ackman Likely to Face Trial on Allergan Insider-Trading Claims

      Bill Ackman Likely to Face Trial on Allergan Insider-Trading Claims

      Activist investor Bill Ackman and his estranged former collaborator in a 2014 hostile takeover bid for Botox-maker Allergan Inc. will likely face a jury trial next month over claims they engaged in insider trading. U.S. District Judge David Carter issued a tentative ruling at a hearing Friday, denying a request by Ackman and Valeant Pharmaceuticals International Inc. to throw out the allegations by Allergan shareholders...

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    6. Corporate Boards Are Ignoring Risks of Sexual Harassment: Q&A - Bloomberg

      Corporate Boards Are Ignoring Risks of Sexual Harassment: Q&A - Bloomberg

      Pax CEO says cultures that empower employees aid performance More disclosures on gender pay gap, paid leave policy expected Meg Whitman Says Harassment Cases May Be 'Tipping Point' Companies and corporate boards that focus on closing the gender pay gap, appointing female board members and executives and creating a culture that prevents sexual harassment are set to outperform those who don’t, according to Joe Keefe, CEO of Pax World Management LLC...

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    7. Why Wall Street’s Finally Pushing to Add Women on Boards

      Why Wall Street’s Finally Pushing to Add Women on Boards

      The big money on Wall Street is finally throwing its weight behind boardroom diversity. After years of fits and starts, mutual-fund giants including BlackRock Inc. , Vanguard Group Inc. and State Street Corp. are embracing shareholder proposals to add more women and minorities as directors. This may signal a tipping point for the decades-long struggle for greater representation...

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    8. London Stock Exchange CEO Xavier Rolet to Resign Immediately - Bloomberg

      London Stock Exchange CEO Xavier Rolet to Resign Immediately - Bloomberg

      London Stock Exchange Plc said Chief Executive Officer Xavier Rolet will step down immediately following a request from the board. Rolet will be replaced in the interim by Chief Financial Officer David Warren, it said in a statement on Wednesday. The LSE also asked activist shareholder TCI Fund Management to withdraw its requisition for a general meeting...

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    9. Nestle Is Among Potential Suitors for Hain Celestial - Bloomberg

      Nestle Is Among Potential Suitors for Hain Celestial - Bloomberg

      Nestle Is Among Potential Suitors for Hain Celestial By Swiss company exploring purchase of all or parts of business Organic food company has market value of $4.1 billion Nestle SA is among companies exploring a purchase of Hain Celestial Group Inc. , a U.S. maker of organic and vegetarian food, according to people familiar with the matter, as the Swiss giant seeks to expand into healthier fare...

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    10. Qualcomm Shareholders Face Fight or Flight

      Qualcomm Shareholders Face Fight or Flight

      USD Qualcomm Inc. has been through wars. The company's battle-scarred shareholders should at least consider surrender. Qualcomm on Monday formally rejected Broadcom Ltd.’s audacious unsolicited takeover attempt that is valued at more than $100 billion. Qualcomm’s board said the deal, for $70 a share in cash and stock, substantially undervalues the computer chip pioneer...

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    11. Apple Asks to Exclude Proposal Tying Diversity to Executive Pay

      Apple Asks to Exclude Proposal Tying Diversity to Executive Pay

      Apple Inc. asked U.S. securities regulators if it can exclude a shareholder proposal that pushes the iPhone maker to explore linking executive pay to performance on diversity and sustainability. In an Oct. 9 letter made public this week by the Securities and Exchange Commission , Apple attorneys asked if it could exclude the proposal, from Zevin Asset Management , because similar initiatives haven’t garnered the minimum 6 percent of shareholder support required for re-submission...

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    12. Oracle's $100 Million in Executive Pay Packages Slammed by ISS

      Oracle's $100 Million in Executive Pay Packages Slammed by ISS

      Oracle Corp. ’s attempt to respond to investor complaints about excessive executive compensation by awarding its three top bosses pay packages worth more than $100 million didn’t please proxy adviser Institutional Shareholder Services Inc. Investors should vote against the Redwood City, California-based company’s executive pay plan at the Nov. 15 annual meeting, ISS said Thursday in a report to clients...

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    13. Starbucks, Google Assailed by Shareholders Over Gender Policies

      Starbucks, Google Assailed by Shareholders Over Gender Policies

      Investors focused on social issues are finding that trickle-down diversity doesn’t work. For years, they surmised that having enough women on boards and in senior management would produce fairer policies. Now investors are changing tactics, saying it’s not enough and that employers also need to implement gender-pay equity and paid-leave policies that attract and retain women...

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    14. P&G CEO Blasts Billionaire Nelson Peltz as Tensions Mount Over Board Vote

      P&G CEO Blasts Billionaire Nelson Peltz as Tensions Mount Over Board Vote

      After several meetings with billionaire Nelson Peltz, the chief executive officer of Procter & Gamble Co. came away convinced the activist shareholder isn’t interested in learning about the company he wants to remake. “He’s never asked virtually anything,” David Taylor said in an interview at P&G’s Cincinnati headquarters...

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    15. Booze Startup Challenging Amazon Adds Former Wal-Mart Executive to Board

      Booze Startup Challenging Amazon Adds Former Wal-Mart Executive to Board

      Alcohol e-commerce platform Drizly has signed up the former head of Wal-Mart Stores Inc.’s U.S. unit as it competes against Amazon.com Inc. for dominance in the online drinks market.

      Bill Simon, who served as chief executive officer of the retail giant’s U.S. operations from 2010 to 2014, was appointed to Drizly’s board of directors, according to the startup. Simon is no stranger to the alcohol industry. He worked at Diageo Plc, the world’s largest distiller, where he helped develop Smirnoff Ice. At Wal-Mart, he helped expand alcohol sales...

       

       
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      Mentions: Amazon Walmart Drizly
    16. Surprise! Facebook Directors Weren't Villains

      Surprise! Facebook Directors Weren't Villains

      Facebook Inc.'s surprise decision to spike a controversial stock plan was viewed as the little-guy shareholders standing up to Mark Zuckerberg when the company’s compliant board would not. But Facebook directors -- with a notable exception -- actually did a good job in tough circumstances. Facebook said on Friday that it would not proceed with the planned creation of a type of stock intended to solidify Zuckerberg's control over the company...

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    1-24 of 427 1 2 3 4 ... 16 17 18 »
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