Former Renault and Nissan head Carlos Ghosn and his wife invited friends to a $260,000 Carnival party in Brazil last year and charged it to his employers, documents seen by AFP show, a move Ghosn's lawyer defended as a routine corporate function for a multinational CEO. News of the party is the latest evidence of Ghosn's ...
The decision to turn over Carlos Ghosn's seat on the board of Nissan to Renault's new boss must still be ratified by shareholders Japan's Nissan said Tuesday that its board has nominated the new boss of Renault to replace Carlos Ghosn, who is in detention facing charges of financial misconduct...
The board of Japanese car giant Nissan is poised to suggest a replacement for jailed former chairman Carlos Ghosn at a meeting in Tokyo on Tuesday, according to local media...
News of the investigation comes as Nissan deals with the fallout from the shock November 19 arrest of its former chairman Carlos Ghosn, who faces charges of financial impropriety The US Securities and Exchange Commission is investigating Nissan over executive pay, the firm said Monday, the latest blow for the auto giant reeling from the arrest of former chairman Carlos Ghosn over alleged financial misconduct...
Public Domain Companies whose CEOs earn hundreds of times their average employee's pay are viewed as less desirable to work for, and to do business with, according to a new University of California, Berkeley, study. Probing a new angle of income inequality, UC Berkeley researchers sought to determine how people would feel about a company once they knew what the top executive made compared to the workers...
The share of women on corporate boards rose since the quotas were implemented in five European countries. Credit: Horizon Mandated quotas are raising the number of women appointed to top company posts in Europe and sparking a cultural push for gender equality, but entrenched networks are getting in the way of achieving true boardroom diversity, according to researchers...
German industrial giant Thyssenkrupp on Monday announced the resignation of the chairman of its advisory board after a dispute with shareholders...
U.S. companies with board directors who have connections to well-known island tax havens of the Bahamas, Bermuda and the Cayman Islands exhibit significantly greater tax avoidance than other companies, according to a novel study that includes two University of Kansas School of Business professors and one alumnus...
Telecom Italia CEO to step down if hedge fund breaks up board: report April 29, 2018 TIM is set to elect a new board at this week's investor gathering, following the resignation last month of eight members The head of Telecom Italia has said he will resign if a US hedge fund wins a power struggle this week with French telecom giant Vivendi, its largest shareholder, according to reports in Britain...
Google, which is being sued by former employees and investigated by the Labor Department for underpaying women, says it pays most of the men and women who work for the Internet giant around the globe—89% of the more than 70,000 plus employees—equally. But the remaining 11% is a question mark...
Women CEOs are much more likely than their male counterparts to be targeted by activist shareholders, according to research conducted by a team that included two University of Alabama business professors...
When shareholders have a say on executive pay, CEO salaries decline and company valuations rise, according to a University of Georgia study. By analyzing financial data from more than 17,000 publicly traded companies in countries that have passed say-on-pay laws and countries that haven't, researchers found such laws tie CEO pay more closely to their company's performance and increase compensation equality among top managers. "Eleven developed countries passed these laws between 2003 and 2013, so that gave us a natural laboratory where we could ...
The better the company performs compared to its peers, the more top executives should receive in pay, bonuses and stock awards. Right? But that isn't always how it works in practice. Executive pay packages that don't include a comparison of company performance and that of its competitors are regularly approved by boards of directors, and many have wondered why...
Push is on to reunite CBS and Viacom September 29, 2016 A company that controls CBS and Viacom wants the two New York media companies to combine again, more than a decade after they went their separate ways. National Amusements, which owns most of the voting shares of the two companies, sent a letter to CBS and Viacom board members Thursday saying that a tie-up would help it better compete in a rapidly changing media industry...
This year's Female FTSE Report, by academics at City University London, Cranfield University and Queen Mary University London, shows that the overall percentage of women on FTSE boards has increased compared to March 2015 ...
if not Ms. Mayer, then who?'" The heightened chatter surrounding Yahoo began Nov. 19, when activist investor Starboard Value sent a letter to Yahoo suggesting that the proposed spinoff of its Alibaba stake was not the right move, and urged Yahoo to explore ...
While women sitting on company boards remains a much-discussed topic, there is something new waiting to take a seat at the table: artificial intelligence, computers with company voting rights. Deep Knowledge Ventures has appointed an algorithm called VITAL ...
Finnish telecoms equipment maker Nokia said Tuesday it was in talks to purchase all of its Franco-American rival Alcatel-Lucent, with the aim of creating a telecoms and Internet technology behemoth...
Squabbling and a lack of compromise among collaborating dominant industry groups has stunted the growth of mobile payment according to Pinar Ozcan, an Assistant Professor of Strategic Management at Warwick Business School, and Dr Filipe Santos, of INSEAD. While in Kenya it has become the number one way of banking, with 80 per cent of cell phone owners using mobile payment according to the World ...
As companies file their annual proxy statements with the U.S. Securities and Exchange Commission (SEC) this spring, a new study by Rice University and Cornell University shows just how S&P 500 companies have tied CEO compensation to performance. The study found large variations in the choice of performance measures, and the researchers said that companies tend to choose measures that are ...
Research conducted by the UTS Centre for Corporate Governance underpinning the 2012 Australian Census of Women in Leadership reveals a decade of negligible change for women in executive ranks.
September 25, 2012 An over-reliance on peer group compensation benchmarking is central to the persistent issue of rising executive pay in the United States, new research in a study co-authored by a University of Delaware professor and a corporate governance fellow, finds. While other research examines flawed peer group methodology, this new study makes it clear that peer grouping with minimal board discretion is a seriousl