As experts on corporate governance , we believe this feud raises two important ... And does it matter if a member owns company stock or not?
LOS ANGELES (AP) — When then-California Gov. Jerry Brown signed the nation's first law requiring women on boards of publicly traded companies, he suggested it might not survive legal challenges. Three years later, a judge will begin hearing evidence Wednesday in Los Angeles Superior Court that could undo the law credited with giving more women seats in boardrooms traditionally dominated by men. The California law has spurred other states to adopt or consider similar laws...
May 22, 2017 NEW YORK (AP) — Elliott Management will add three members to the board at EXONIX, and one will have a say in naming the next CEO. Elliott owns more than 13 percent in Arconic Inc. and has pushed for management changes, complaining of underperformance at the New York-based maker of aluminum parts for the aviation and automotive industries. Arconic was created after Alcoa Inc. was split in two last year...
Kleinfeld, the former chairman and CEO of Arconic, who resigned suddenly on Monday, April 17, 2017, appears to have been brought down by a strange letter containing veiled threats to the company’s largest shareholder, a hedge fund that was seeking his removal...
SAN FRANCISCO (AP) — Yahoo CEO Marissa Mayer is facing her biggest business decision since she left Google two-and-a-half years ago to lead its struggling rival: how to manage Yahoo's most valuable asset, a 15 percent stake in Chinese Internet star Alibaba Group worth nearly $37 billion. Activist investor Jeffrey Smith has threatened to lead a shareholder rebellion aimed at ousting Mayer if she ...
NEW YORK (AP) — Teen retailer Aeropostale says Julian Geiger is coming back to the company as CEO, replacing Thomas Johnson. Johnson is leaving the board of directors as well as relinquishing the CEO title.
Russia's Norilsk Nickel to double dividend payout MOSCOW (AP) — Russian mining giant Norilsk Nickel says it will pay $2 billion, or 90 percent of its 2012 net profit, in dividends to shareholders. The decision passed by the company's annual shareholder meeting is likely to please its billionaire stakeholders.
J&J, shareholders reach tentative deal in lawsuit Associated Press Copyright 2012 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed. Updated 03:31 p.m., Thursday, July 12, 2012 TRENTON, N.J. (AP) — Lawyers for Johnson & Johnson shareholders suing management for not fixing serious problems for years— from shoddy manufacturing to ...