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    1. More than 100 Companies Sign Letter Opposing U.S. State Voting Restrictions

      More than 100 Companies Sign Letter Opposing U.S. State Voting Restrictions

      (Reuters) - Apple Inc, Amazon.com Inc, Ford Motor Co and Starbucks Corp are among the more than 100 companies that have come together to oppose U.S. state voting curbs that activist groups say unfairly target Black and other racial minorities. "We all should feel a responsibility to defend the right to vote and oppose any discriminatory legislation or measures that restrict or prevent any eligible voter from having an equal and...

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    2. Shell to Link Executive Pay More Closely to Group's Climate Performance

      Shell to Link Executive Pay More Closely to Group's Climate Performance

      LONDON (Reuters) - Royal Dutch Shell has proposed linking its directors' pay more closely to the group's climate performance and severing the link between bonuses and liquefied natural gas (LNG) production volumes, it said on Monday. The weighting of Shell's energy transition performance on its targeted path to net zero emissions by 2050 would double to 20% of the directors' long-term incentive plan calculation if shareholders vote for the plan at a meeting on May 18...

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    3. BlackRock Hires Law Firm for Internal Review After Latest Executive Conduct Complaints

      BlackRock Hires Law Firm for Internal Review After Latest Executive Conduct Complaints

      (Reuters) - BlackRock Inc said on Monday it is hiring a prominent law firm to conduct an internal review after a report in a trade publication detailed new employee complaints about the conduct of executives, including senior leader Mark Wiedman. BlackRock CEO Larry Fink said in a staffwide memo on Monday that the company is retaining the law firm Paul, Weiss to conduct a review, following the complaints and other incidents that have come to light in recent weeks...

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    4. Lawyer Says Kelly Innocent of Ghosn Pay Scheme

      Lawyer Says Kelly Innocent of Ghosn Pay Scheme

      TOKYO (AP) — The chief lawyer for Greg Kelly, an American on trial in Japan on charges of under-reporting Nissan former Chairman Carlos Ghosn’s compensation, says his client was merely trying to prevent Ghosn from going to a rival automaker. “Greg has no motive at all to commit such a crime,” Yoichi Kitamura said Friday at his Tokyo office. At the time, Kelly, then a Nissan executive vice president, was making good money, had a successful career and moreover, was a lawyer...

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    5. Blackstone CEO Schwarzman Took Home $610.5 Million in 2020

      Blackstone CEO Schwarzman Took Home $610.5 Million in 2020

      By Chibuike Oguh (Reuters) - Blackstone Group Inc Chief Executive Stephen Schwarzman pocketed at least $610.5 million in 2020 from dividends and compensation, more than any other private equity executive and up 20% from last year despite the impact of the COVID-19 pandemic, regulatory filings showed. The majority of the windfall stemmed from Schwarzman's 19.3% stake in Blackstone...

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    6. Google to Evaluate Executive Performance on Diversity, Inclusion

      Google to Evaluate Executive Performance on Diversity, Inclusion

      By Paresh Dave (Reuters) - Alphabet Inc's Google will evaluate the performance of its vice presidents and above on team diversity and inclusion starting this year, the company said on Friday in one of several responses to concerns about its treatment of a Black scientist. Timnit Gebru, co-leader of Google's ethical artificial intelligence research team, said in December that Google abruptly fired her after she criticized its diversity efforts and threatened to resign...

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    7. Once a 'stonk,' Hertz Reveals Dilemma Companies Face in Reddit Frenzy

      Once a 'stonk,' Hertz Reveals Dilemma Companies Face in Reddit Frenzy

      By Jessi(Reuters) - Months before the irrational trading in GameStop Corp, there was Hertz Global Holdings Inc. Operating under bankruptcy protection last spring once the COVID-19 pandemic wiped out its business, the car-rental giant confronted an extraordinary situation: Its stock price was skyrocketing for no apparent reason...

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    8. Danone's Faber Says Not 'dogmatic' About CEO-Chairman Role

      Danone's Faber Says Not 'dogmatic' About CEO-Chairman Role

      PARIS (Reuters) - Emmanuel Faber, the chief executive and chairman of French food group Danone, told the weekly Journal du Dimanche that he did not hold a "dogmatic" view as to whether the role should be split in two. Faber is facing calls from activist investor Bluebell Capital Partners to step down after it took a stake in the company late last year. Danone shares fell 27% in 2020 and the company had been touted as a prime target for an activist fund...

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    9. Former Ripple Board Member Tapped to Lead Biden’s Occ:

      Former Ripple Board Member Tapped to Lead Biden’s Occ:

      Michael S. Barr, a former U.S. Treasury Department official and onetime member of Ripple’s board of advisers, is likely to become the next Comptroller of the Currency, the Wall Street Journal reported Wednesday. If named and confirmed by the U.S. Senate, Barr will succeed Brian Brooks, the former Coinbase executive who served as Acting Comptroller for the last half of 2020. Barr is currently a dean at the University of Michigan Ford School of Public Policy...

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    10. Activist Investor Reveals Stake in Box

      Activist Investor Reveals Stake in Box

      Is it the pent-up energy coming off the extended holiday weekend, or the several intriguing news items coming down the pike after market close? Either way, trading is quite lively in the after-hours scene tonight. Here are two big reasons why. Turkey gazing at the camera. More Image source: Getty Images. Starboard boxes itself in Noted activist hedge fund Starboard Value is now a major shareholder in tech stock Box (NYSE: BOX)...

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    11. This Billionaire Activist Just Loaded Up on Beaten-Down Cloudera

      This Billionaire Activist Just Loaded Up on Beaten-Down Cloudera

      When billionaire activist investor Carl Icahn makes a move, investors usually listen. The activist investor and head of Icahn Enterprises (NASDAQ: IEP) has had a sterling track record over the past 20 years, and is known for making purchases of beaten-down stocks, then shaking up management teams to unlock value. Icahn doesn't always "go activist," however. For instance, Icahn made a lot of money in Netflix when he invested after its Qwikster debacle, without making any management changes...

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    12. Del Frisco's Buyout Deal Is a Bittersweet Activist Investor Victory

      Del Frisco's Buyout Deal Is a Bittersweet Activist Investor Victory

      Engaged Capital has developed quite a reputation as an effective activist investor. After successfully advocating for the sale of companies including Jamba Juice and Outerwall, the activist set its sights on steakhouse operator Del Frisco's (NASDAQ: DFRG) . In December 2018, Engaged Capital published a letter to Del Frisco's board of directors in which it disclosed a 9.9% ownership stake and advocated for the company to sell itself. The activist got what it wanted...

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