1. Articles from Bloomberg

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    1. LSE Directors Should Confront Management ‘Behavioral Issues’

      LSE Directors Should Confront Management ‘Behavioral Issues’

      London Stock Exchange Group Plc’s directors should be prepared to confront “behavioral and performance issues” among management, according to a review that absolved its board of blame in the acrimonious departure of former Chief Executive Officer Xavier Rolet. Rolet abruptly left LSE in November amid a battle between the 217-year-old bourse’s board and activist investor TCI Fund Management , which wanted Rolet’s contract extended and sought to oust Chairman Donald Brydon instead...

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    2. Corporate Boards Are Looking for CEOs Who Aren’t Old White Men

      Corporate Boards Are Looking for CEOs Who Aren’t Old White Men

      For most of the past decade, Cheryl Miller has spent her days trying to put more cars on America’s roads—first as the treasurer and now as the chief financial officer of AutoNation Inc. , the largest auto retailer in the U.S. And for the past year she’s been working on behalf of another of the country’s biggest companies, Tyson Foods Inc. , as one of the newest members of its board of directors...

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    3. Zuckerberg's $1.5 Million Worth of Private-Plane Trips—and Other Perks of Being the Boss

      Zuckerberg's $1.5 Million Worth of Private-Plane Trips—and Other Perks of Being the Boss

      The benefits of running a large public company go well beyond paychecks and stock awards. Take Mark Zuckerberg , who crisscrossed the U.S. last year to attend a rodeo in Fort Worth, Texas, speak with Muslim students in Dearborn, Michigan, and fish salmon in Alaska, all part of a personal challenge to meet and talk with regular people...

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    4. William Hill CEO’s 9% Raise Slammed by ISS Advisory Group

      William Hill CEO’s 9% Raise Slammed by ISS Advisory Group

      A 9.1 percent pay increase for new William Hill Plc Chief Executive Officer Philip Bowcock threatens to spark a shareholder rebellion at the U.K. bookmaking group. Institutional Shareholder Services Inc. , the advisory group that normally commands as much as 25 percent of shareholder support for its resolutions ahead of company annual general meetings, has advised William Hill investors to vote against the company’s remuneration report at its coming annual meeting...

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    5. DuPont Sells Country Club Peltz Scorned as ‘Corporate Largesse’

      DuPont Sells Country Club Peltz Scorned as ‘Corporate Largesse’

      DowDuPont Inc. finally landed buyers for its country club, several years after activist investor Nelson Peltz blasted the golf and tennis playground as a symbol of corporate excess. The club became a flash point for Peltz’s Trian Fund Management in its failed 2015 proxy fight for seats on the board of DuPont, which subsequently merged with Dow Chemical...

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    6. Carlyle to Acquire Akzo Nobel's Chemicals Unit for $12.5 Billion

      Carlyle to Acquire Akzo Nobel's Chemicals Unit for $12.5 Billion

      Akzo Nobel Sells Chemicals Unit to Carlyle for $12.5 Billion By Dutch company to focus on paints, coatings after sale Chemicals business also attracted bids from Apollo, Advent Akzo Nobel NV is selling its specialty chemicals unit to U.S. private equity firm Carlyle Group for 10.1 billion euros ($12.5 billion) in a deal set to transform the Dutch company into a supplier of paints and coatings...

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    7. Jamie Dimon's Corporate Governance Plan

      Jamie Dimon's Corporate Governance Plan

      Anyone who has attended the shareholder meeting of a Fortune 500 company will have felt a twinge of agreement at JPMorgan Chase & Co. CEO Jamie Dimon's characterization that they are a waste of time. The romantic notion that these meetings are a democratic exercise of shareholder rights bears little relation to reality, where important votes tend to be sewn up in advance through proxy firms and big investors...

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    8. SandRidge Report Reveals the Cost of Quarreling With Carl Icahn

      SandRidge Report Reveals the Cost of Quarreling With Carl Icahn

      What’s it cost to tempt the wrath of Carl Icahn ? For SandRidge Energy Inc., the price tag is $8.2 million and counting. In a fourth-quarter earnings report Wednesday, the oil and gas explorer said it paid a $3.7 million termination fee after canceling the acquisition of Bonanza Creek Energy Inc. in December under pressure from Icahn and other top investors...

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    9. Honeywell CEO's 2017 Pay Is 333 Times More Than Median Worker's

      Honeywell CEO's 2017 Pay Is 333 Times More Than Median Worker's

      Honeywell International Inc. disclosed that Chief Executive Officer Darius Adamczyk’s $16.5 million pay package for last year amounts to about 333 times more than what the company’s median employee earned, making it the first S&P 100 company to disclose the ratio. The Morris Plains, New Jersey-based firm reported the ratio Friday in a regulatory filing . Thousands of publicly traded U.S. businesses will make their inaugural disclosures this year under a mandate of the 2010 Dodd-Frank Act...

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    10. Tesco Gets More Investor Pressure to Sweeten Booker Price

      Tesco Gets More Investor Pressure to Sweeten Booker Price

      Tesco Plc faces growing investor pressure to sweeten its 3.9 billion pound ($5.5 billion) offer for wholesaler Booker Group Plc ahead of a shareholder vote in less than two weeks. Alpine Associates Management Inc. opposes Tesco’s offer on the existing terms and believes Booker shareholders should vote against the deal, the investor said Friday by email. Alpine has an economic interest of 2.4 percent in Booker...

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    11. Nelson Peltz, Who Mocked Company Name, Exits Mondelez Board

      Nelson Peltz, Who Mocked Company Name, Exits Mondelez Board

      Nelson Peltz, Who Mocked Company Name, Exits Mondelez Board By Trian co-founder Peter May to occupy his slot on company board Billionaire to become P&G director after 2017 proxy battle Nelson Peltz Photographer: Patrick T. Fallon/Bloomberg Nelson Peltz, the billionaire activist investor known for pushing companies to make deals, is leaving the board of Mondelez International Inc. as he prepares to become a director at Procter & Gamble Co. Peltz, 75, is being replaced by fellow Trian Fund Management partner Peter May, also 75. Debra Crew, 47, a U.S. military intelligence officer and former chief executive officer of ...

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    12. L’Oreal CEO Says Cosmetics Maker Ready to Buy Nestle's Stake - Bloomberg

      L’Oreal CEO Says Cosmetics Maker Ready to Buy Nestle's Stake - Bloomberg

      L’Oreal CEO Says Cosmetics Maker Ready to Buy Nestle's Stake By French company repeats that it has funds for such a deal Activist investor Dan Loeb has called for Nestle to sell L’Oreal is ready to buy Nestle’s stake in the company, CEO Jean-Paul Agon says. L’Oreal SA Chief Executive Officer Jean-Paul Agon said the French cosmetics company is ready to buy Nestle SA ’s 23 percent stake as some investors pressure the Swiss food maker to offload it...

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      Mentions: Investors CEO Sanofi
    13. Saks Owner Hudson's Bay Appoints CVS Executive Helena Foulkes as CEO

      Saks Owner Hudson's Bay Appoints CVS Executive Helena Foulkes as CEO

      Hudson’s Bay Co. , the owner of Saks Fifth Avenue, named CVS Health Corp. veteran Helena Foulkes its next chief executive officer as the department-store operator struggles with declining traffic and a restless activist investor. Foulkes -- ranked among the most influential women in business by Fortune magazine -- will take the helm on Feb. 19 after serving as executive vice president of CVS Health and president of its pharmacy unit...

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    14. Activists Use Pay as a Lever— And Now You Can, Too - Bloomberg

      Activists Use Pay as a Lever— And Now You Can, Too - Bloomberg

      From Attacking CEOs! Shining a light on boards’ shortcomings as independent overseers! Girding for proxy battles! To do those kinds of things, activists often focus on executive compensation. Pay has become even more important in the years since the financial crisis, which underscored how poorly thought-out incentive structures can motivate bad behavior...

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    15. Qualcomm's Need to Up NXP Offer Gets Real With Broadcom Takeover Bid Looming

      Qualcomm's Need to Up NXP Offer Gets Real With Broadcom Takeover Bid Looming

      Qualcomm Inc. ’s negotiating room is shrinking fast as it tries to close the planned $47 billion purchase of NXP Semiconductors NV while fending off a record-setting hostile takeover bid from Broadcom Ltd. Over the next two weeks, Qualcomm is facing a series of events -- earnings, a shareholder meeting, and possibly a decision on Chinese regulatory approval -- that will likely force it into negotiations with NXP stockholders, a move it’s been slow to engage in...

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    1-24 of 452 1 2 3 4 ... 17 18 19 »
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