Anyone -- including CEOs -- can tweet, but that doesn't mean everyone should . On Thursday, Tesla ( TSLA ) CEO Elon Musk again made headlines for questionable use of his widely-followed Twitter account when he posted a tweet seeming to insult the SEC , just days after he reached a settlement with the agency over fraud allegations...
Third Point LLC's Dan Loeb has been stirring the pot at Campbell Soup Co. The activist investor wants the full 12-person overhauled and thinks the company is a takeover target, or should at least sell some divisions, like its Pop Secret popcorn and Pepperidge Farms frozen cake brands. The company's stock performance has been weak recently, which could invite an activist eager to make management changes or perhaps see the company broken up or sold, The Deal reported...
P&G's quarter was far from clean. So the question now is, do the mixed results give activist investor and board member Nelson Peltz more firepower to drive changes?...
Akamai ( AKAM ) CEO Tom Leighton is fresh off a battle with well-known activist investor firm Elliott Management. Leighton discusses the situation with Elliott and prospects for doing deals with TheStreet...
Not a picture perfect way to end the week for Xerox. A New York Judge late Friday issued an order temporarily blocking Xerox Corp.'s ( XRX ) plan to merge with Fujifilm. At the same time, the judge gave the document technology company's third-largest shareholder permission to move ahead with a change-of-control proxy contest to take over Xerox's board...
An internal review of management behavior at the healthcare company over opioid distribution prompted by complaints from shareholder International Brotherhood of Teamsters gives company officials a clean bill of health...
GE directed TheStreet to its proxy statement, which argues the benefits of a long-tenured auditor, such as KPMG's familiarity with GE's business ... at a large-cap company, according to Charles Elson, the director of the John L. Weinberg Center for Corporate Governance at the University of Delaware...
Wells Fargo & Co. ( WFC ) director Enrique Hernandez Jr. will step down from the company's board in April, following the costliest scandal in the U.S. bank's corporate history and an order by the Federal Reserve to improve risk-management and oversight. But Hernandez, the 62-year-old majority owner of a private-security company he took over from his father, could keep getting riches from his board tenure long after he's gone...
The biggest U.S. companies, which have been promoting women directors amid evidence that gender diversity can lead to better financial results, give those women fewer leadership roles once they're on the board, according to a study. Among lead independent directors in the S&P 1500 in 2015, 57 were female compared with 539 who were men, according to the report, written by Yaron Nili, an assistant professor of law at the University of Wisconsin Law School...
One of two major U.S. proxy advisory firms, Glass Lewis, has recommended shareholders of electric car marker and solar panel installer Tesla Inc. ( TSLA ) vote against a proposal to grant CEO Elon Musk performance-based stock options the company says are worth about $2.6 billion at Tesla's annual meeting set for March 21. Unlike a typical Say for Pay vote, shareholders' votes will be binding for the company, and notably, Elon Musk recused his roughly 20% stake from voting...
An activist shareholder proposal seeking to press Amazon.com ( AMZN ) to improve the diversity of its board in the wake of sexual harassment allegations against a former executive is expected to come to a vote at the internet giant's annual meeting expected in May...
United Parcel Services Inc. ( UPS ) shares have been on a downward trajectory for most of the month of February, following another lackluster quarter. Most recently, the shipping giant's shares fell on news that Amazon.com ( AMZN ) may launch a delivery service for businesses, a prospect that could eat into UPS's profits...
Charles Elson, director of the John L. Weinberg Center for Corporate Governance at the University of Delaware, believes that directors should serve for approximately 15 years, but acknowledges that there are going to be circumstances where a director will serve longer than that. He said that setting ...
On June 7th, Jim Cramer and The Deal will host " Corporate Governance 2018," an exclusive gathering of corporate decision makers and their key advisers to discuss the best strategies to meet and master the latest and most critical challenges in managing their companies to maximize shareholder ...
The chipmaker added that it was willing to meet and talk about it, but regulatory and activist-related complications abound...
However, for now, he added, that the fundamentals of U.S. companies are sound, especially following sweeping corporate tax break legislation ... Also, Charles Elson, director of the Center for Corporate Governance at the University of Delaware, noted that it now will be that much cheaper for an activist ...
"To use the term refreshment is to suggest that this is just business as usual," Nell Minow, vice chair of consultant ValueEdge Advisors, which counsels big investors on corporate governance , said in a telephone interview. "But it's really a euphemism to make it sound like they're just fluffing up the pillows ...
The bank all but declared victory, highlighting its "strong actions" to improve corporate governance . But for federal banking regulators, it wasn't enough. On Friday, Wells Fargo announced additional sanctions imposed by the Federal Reserve that include replacing four more directors and an agreement ...
The Federal Reserve's decision to restrict the growth of Wells Fargo (WFC) until it improves its corporate governance practices sent shares of the bank sharply lower in after-hours trading, costing its biggest shareholder, Berkshire Hathaway (BRK.A) , close to $2 billion. Wells Fargo is famously Warren ...
Corvex Management LP's Keith Meister on Wednesday escalated his effort to drive a sale of Energen Corp. ( EGN ) by nominating a minority-slate of four dissident director candidates to the company's nine-person board. "Today we are nominating four highly-qualified, independent director candidates who will bring fresh perspectives and relevant experience along with a simple mandate—to run the company in the best interests of all shareholders," Meister said in a statement...
But the company's board of directors , as well as Elaine Wynn, who is a former board member, will be faced with questions of what they knew, when they knew it and what they did about it. Because if a CEO of a company faces workplace sexual harassment or misconduct allegations, the board is ...
Procter & Gamble Co. ( PG ) beat expectations for earnings per share, met key forecasts for organic revenue growth, adjusted its C-Suite pay packages and hiked its share re-purchase program significantly for the rest of fiscal 2018. In short, the iconic packaged goods company did what it needed to do in the second quarter as it moves to welcome activist investor Nelson Peltz to its board March 1...
