With wages rising sharply for average Joes in this country, it’s no surprise that pay is climbing for top executives too. Across the economy, average hourly earnings climbed 5.5% in the 12 months through April...
Sparks are bound to fly at social media company Twitter's (TWTR) - Get Twitter, Inc. Report next board meeting in a little over two weeks in San Francisco...
You’ve probably read a lot about rising wages. In the 12 months through March, average hourly earnings soared 5.6% for American workers. Things are going especially well for chief executives...
We all look forward to that annual holiday bonus but, when it goes too far beyond what is customary, it can become the cause of both internal and external contention. Take Apple ( AAPL ) - Get Apple Inc. Report , where a top shareholder advisory group is urging investors to vote against the $99 million pay and bonus package for chief executive Tim Cook at next...
Gary Gensler, the chair of the U.S. Securities and Exchange Commission, is facing a time crunch to reform the activities of Wall Street. He was tapped by President Joe Biden last year to replace Jay Clayton, but Gensler's time could be cut short. The mid-term elections occur in November and while the Democrats have thin majorities in the House and Senate, they face the possibility of losing them...
Navient's board adopted a shareholder-rights plan designed to make a hostile takeover prohibitively expensive. The so-called poison pill is triggered if a person or group acquires beneficial ownership of 20% or more of Navient common stock...
Report could double its value by spinning off its e-commerce business, according to activist investor Jana Partners. Macy’s could thereby lift its valuation to about $14 billion, following the blueprint of Saks Fifth Avenue, Jana said at an investor presentation Wednesday, Bloomberg reports. It said Jana didn’t reveal whether it has a stake in Macy’s...
The Teamsters union is calling on FedEx ( FDX ) shareholders to reject Founder and Chief Executive Fred Smith's $54 million pay package, a media report says. The package-delivery giant gave the executive stock options after scrapping a cash bonus in the wake of the COVID-19 pandemic. It then reinstated the bonus and left the option award intact, the union said, according to Reuters. Shares of the Memphis company at last check were down 0.6% at $265.62...
Activist investor Carl Icahn disclosed that he sold the rest of his holding in Herbalife Nutrition...
Shares of Bausch Health eased on Wednesday after the medical-device maker agreed to add two directors from Icahn Group to the board. The move comes about two weeks after the New York activist investor Carl Icahn disclosed a 7.8% stake in the Laval, Quebec, company...
Activist investor Ryan Cohen, the co-founder of e-commerce firm Chewy (CHWY) - Get Report, reported in an SEC filing Monday that he's taken a 12.9% stake (9,001,000 shares) in GameStop (GME) - Get Report, through his company, RC Ventures...
Massachusetts securities regulators reportedly were expected to file a complaint Wednesday against the trading platform operated by Robinhood Financial LLC, for allegedly marketing aggressively to inexperienced investors and failing to implement controls to protect them...
State Street ( STT ) shares jumped Friday afternoon following a report that the institutional investment group is exploring options for its asset management business, including a merger with a competitor...
Walt Disney Co. said Monday it’s reorganizing its media and entertainment businesses and named Kareem Daniel as Chairman, Media and Entertainment Distribution. The company said in a news release the move would accelerate its direct-to-consumer strategy...
This past June, we wrote about how irresponsible share pledging and questionable compensation packages led many proxy advisory firms to counsel "Against" regarding the re-election of Tesla ((TSLA) -Get Report)chairwoman Robyn Denholm....
ViacomCBS ( VIACA ) shares rose Friday after Gordon Haskett analyst Don Bilson said recent trading in the stock suggests an activist investor may be on the prowl, making a significant investment in the company...
Crown Castle (CCI) - shares rose on Monday after the activist hedge fund Elliott Management urged the cellphone tower giant to “remedy” its “chronic underperformance.”...
J.C. Penney is close to securing $450 million to navigate bankruptcy, marking what will be the third U.S. retailer to fall victim to...
Southwest Air's CEO is taking a 10% pay cut and the carrier is considering reducing its schedule as the coronavirus wreaks havoc on the airline industry...
Dollar Tree (DLTR) - may be trading down of late, but it may need structural changes in the company before the stock can resume growing...
Activist investor Bill Ackman announces his Pershing Square Capital Investment firm exited its stake in Starbucks...
Shares of Bed Bath & Beyond (BBBY - Get Report) jumped in after-hours trading Wednesday after the company appointed former Target executive Mark Tritton as president and CEO...
For a big ship like ( IBM) or Microsoft ( MSFT) , what does it take to steer a turnaround? Both are veteran tech firms that long predate the cloud era. But their performances in recent years couldn't be more different...
More and more unicorns are galloping toward the stock exchanges, and it isn't always a smooth ride. Short-term volatility may be typical, as Lyft ( LYFT shareholders learned last week in the stock's first full week of trading. But there are deeper tensions beneath the surface, and their implications for investors are coming more clearly into focus...