Corporate - governance experts said the SEC could push for starker penalties for Musk, Tesla or its directors - including an outright ban blocking him ...
WASHINGTON (AP) — The partial government shutdown is slowing plans by some companies to issue stock to the public and potentially cutting off a key source of capital for the financial markets. The shutdown, now in its fourth week, has all but darkened the Securities and Exchange Commission, the government agency that oversees the markets. Most of the SEC's 4,400-person staff is furloughed, including lawyers and other staffers who must approve corporate paperwork for initial public offerings...
Large companies - those worth $5 billion or more - appointed nearly three times as many women than men to their boards of directors during the second and third quarters last year, showing just how eager they are to diversify their governance teams and comply with mounting pressure for equality...
NEW YORK (AP) — Tesla CEO Elon Musk dismissed the idea that the company's new chairwoman can exert control over his behavior. Robyn Denholm, an Australian telecommunications executive, was appointed chairwoman of Tesla's board last month, replacing Musk as part of as part of a securities fraud settlement with U.S. government regulators. But Musk said "it's not realistic" to expect Denholm to watch over his actions because he remains the electric car company's largest shareholder...
NEW YORK (AP) — California's new law requiring companies to include women on their boards of directors may not survive widely expected legal challenges but it has already spotlighted the entrenched practices and barriers that have helped keep women out of boardrooms...
Google parent Alphabet Inc. has rejected several shareholder proposals aimed at linked executive pay to diversity goals, being more open about its lobbying expenses, narrowing the gender pay gap, and weakening the grip founders Larry Page and Sergey Brin have on company voting stock...
In February, the Fed board voted unanimously to order Wells Fargo to limit its growth and improve its corporate governance in response to the bank's unauthorized accounts scandal and other problems. “Given the breadth of the wrongdoing at Wells Fargo and the enormous number of consumers ...
Netflix has named former Obama administration official Susan Rice to its board of directors , the streaming service announced Wednesday. “We are delighted to welcome Ambassador Rice to the Netflix board,” said Netflix co-founder and CEO Reed Hastings. “For decades, she has tackled difficult, ...
The lawsuit asks for financial restitution to the company as well as a court order requiring Facebook to improve its corporate governance and internal procedures. The data disclosure allegedly came about when a researcher invited Facebook users to sign up for a psychological survey in 2014, was able ...
NEW YORK (AP) — The Weinstein Co. thought it had found a path to survival. A group of investors led by a respected businesswoman offered to acquire the company, rebrand it and install a female-led board of directors . It was an eye-catching idea in a country where men dominate corporate boards in ...
Bonuses, pay deals send college executives’ salaries soaring 1 / 3 Back to Gallery The highest-paid college president in the nation quadrupled his pay in a single year to $4 million thanks to a hiring deal, according to a new survey of executive compensation at private universities. Nathan Hatch, president of Wake Forest University in North Carolina, earned slightly more than $1 million in 2014...
It’s official: Verizon finally buys Yahoo CEOs had tried and failed to fix Yahoo before Mayer, a first-time chief executive who formerly ran Google Maps and its local advertising business. “She will get a pass, because Yahoo has been such a difficult organization to grow,” said Jennifer Chatman, a UC Berkeley Haas School of Business professor...
In this Jan. 14, 2014, file photo, Charter Communications CEO Thomas Rutledge is interviewed on the floor of the New York Stock Exchange. Rutledge was one of the highest paid CEOs in 2016, according to a study carried out by executive compensation data firm Equilar and The Associated Press...
Wells Fargo and its leaders have expressed much contrition about the bank’s misdeeds, which included setting up as many as 2 million bank accounts without customers’ consent. Top executives have surrendered more than $90 million in compensation, fired employees at all levels and vowed to clean house...
The board of directors for Interior Gas Utility has agreed to purchase Fairbanks Natural Gas from the state for more than $58 million. As part of the deal approved Tuesday, Interior Gas Utility would also get a processing plant in Point Mackenzie and transportation trucks...
Federal Reserve Board Chair Janet Yellen listens to a reporter's question during a news conference on Federal Reserve's monetary policy, Wednesday, Sept. 21, 2016, in Washington. The Federal Reserve is keeping its key interest rate unchanged but signaling that it will likely raise rates before year's end ...
LAFAYETTE, La. (AP) — Former NFL quarterback Jake Delhomme will become chairman of the board of directors for Louisiana based-MidSouth Bancorp Inc. and its subsidiary on Dec 31. Delhomme has served on the bank's board for more than four years. He will replace Will Charbonnet Sr., who has served as chairman since 1990...
On Monday, July 25, 2016, Verizon formally announced that it is buying Yahoo for $4.83 billion, marking the end of an era for a company that once defined the internet...
Female CEOs are outpacing their male colleagues in pay, although they remain vastly outnumbered in the top echelons of American companies. Last year, the median pay for women CEOs rose to $15.9 million, a 21 percent gain from a year earlier, according to a study by executive compensation data firm Equilar and the Associated Press. That compared with median pay for male CEOs of $10.4 million, which was down 0.8 percent from 2013...
Board rooms still mostly filled with men "There still is resistance in the heads of some people who like it the way it is," said Barbara Hackman Franklin, a director at Aetna who also led the first White House effort to recruit women for high-level jobs as a staff assistant in 1971 to President Richard Nixon. Looking to friendsBoard members tend to consider their friends, who are often male ...
Risk, Compliance, IT and Audit Executives will gather to learn from industry peers about the importance of an integrated approach to corporate governance. Award winning case studies from the following organizations will be presented: Don’t miss out on ...