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    1. AmTrust Shareholders Vote to go Private in $2.95 Billion Deal

      AmTrust Shareholders Vote to go Private in $2.95 Billion Deal

      AmTrust Financial Services Inc. AFSI, -0.68% said Thursday that shareholders approved its plan to be taken private by two New York families and a private-equity firm. The bid was initially challenged by activist investor Carl Icahn, who recently owned as much as a 9.4% stake in the company. Icahn said the first deal was “happening at the wrong price at the wrong time” and was an attempt by the families and firm to manipulate shareholders into voting for a deal that benefits only them...

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    2. CEO Pay Ratio Disclosures Provide Little More Than Noise for Investors

      CEO Pay Ratio Disclosures Provide Little More Than Noise for Investors

      The new requirement for companies to report how much more their CEOs made than the typical employee may have produced some “oohs” and “aahs,” but that’s about it. If there is anything to glean from all the pay ratio disclosures, it’s that there needs to be more consistency in how they are calculated and reported before they can be useful to investors...

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    3. Shell Investors Vote Down Global-Warming Proposal

      Shell Investors Vote Down Global-Warming Proposal

      THE HAGUE--Royal Dutch Shell PLC RDSB shareholders voted down Tuesday a proposal requiring the company align its strategy with efforts to limit global warming, signaling support for steps the company has already taken on climate change. The resolution, put forward by Dutch activist shareholder group Follow This, won just 5% of the shareholder proxy vote...

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    4. Fortune 500 CEOs are Paid From Double to 5,000 Times More Than Their Employees

      Fortune 500 CEOs are Paid From Double to 5,000 Times More Than Their Employees

      Transparency on executive pay shows how the other half lives. Chief executive pay in the U.S. is among the highest in the world, according to a new report by the staff of Keith Ellison, a Democratic congressman for Minnesota. U.S. publicly-listed companies have begun releasing how much their CEOs make compared to the rest of their staff. The revelations are required under a 2015 rule in the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010...

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    5. Icahn Divests AIG Stake, Adds to Herbalife

      Icahn Divests AIG Stake, Adds to Herbalife

      Activist investor Carl Icahn completely divested his stake of American International Group Inc. AIG, +0.59% while adding to his position in Herbalife Nutrition Ltd. HLF, -1.04% according to a filing with the Securities and Exchange Commission late Tuesday. Icahn showed no stake in AIG for the past quarter, according to the most recent filing, after reporting a more than 40-million-share stake in the prior quarter...

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    6. CommVault's Stock Soars After Activist Investor Elliott Management Discloses Large Stake

      CommVault's Stock Soars After Activist Investor Elliott Management Discloses Large Stake

      Shares of CommVault Systems Inc. CVLT, +1.69% shot up 11% in premarket trade, putting it on track to open at an eight-month high, after the company said activist investor Elliott Management disclosed a 10.3% stake in the data management company. That would make Elliott the largest shareholder, based on FactSet data. CommVault said Elliott, a hedge fund founded by billionaire investor Paul Singer, has nominated four people to join CommVault's board of directors...

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    7. Cars.com Agrees to add Activist investor Starboard's Nominees to its Board

      Cars.com Agrees to add Activist investor Starboard's Nominees to its Board

      Cars.com Inc. CARS, +0.30% said Friday it has agreed to appoint activist investor Starboard Value LP's nominees to its board of directors, and expand the size of the board to 11 members from eight. The appointees will be Michael Kelly, chief executive of investment firm Kelly New Ventures and former CEO of The Weather Channel Companies, Bryan Weiner, executive chairman of digital advertising agency 360i and an additional independent director to be agreed upon later...

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    8. Warren Buffett Makes Less Than Twice Typical Berkshire Employee

      Warren Buffett Makes Less Than Twice Typical Berkshire Employee

      Berkshire Hathaway Inc. Chief Executive Warren Buffett makes less than twice the company’s typical employee, the conglomerate said in a filing Friday. Buffett has earned a $100,000 salary for decades, and receives no bonus or other compensation. Berkshire said its median employee received $53,510 in 2017, or a ratio of 1.87 to 1. Berkshire’s second in command, Vice Chairman Charles T. Munger, has also received a $100,000 salary and no other compensation for years...

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    9. Starboard Directors Pledge to Buy $25 Million of Newell Brands Stock if Board is Replaced

      Starboard Directors Pledge to Buy $25 Million of Newell Brands Stock if Board is Replaced

      Activist shareholder Starboard Value LP said Wednesday that three of the directors nominated to the board of consumer brand company Newell Brands Inc. NWL, -1.35% have pledged to purchase $25 million of Newell stock with their own money if Starboard succeeds in its aim of replacing the Newell boards. Starboard and other participants in its solicitation own about 4.5% of Newell, which owns brands including Rubbermaid, Papermate and Elmer's...

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    10. The Cost to Shareholders of Picking the Wrong CEOs is a Stunning $112 Billion a Each Year

      The Cost to Shareholders of Picking the Wrong CEOs is a Stunning $112 Billion a Each Year

      As the public debates the merits of the recent corporate tax cuts, most people are dangerously oblivious to a bigger and in the long run costlier problem: that of picking the wrong CEOs to lead companies in the first place. After all, even the most aggressive tax cut affects only a relatively small portion of a company’s income. But a CEO chosen to lead a business impacts its entire bottom line and the livelihood and well-being of every employee and their families...

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      Mentions: Conference CEO KKR
    11. Dropbox Avoids Snap’s IPO Mistakes, but Only Slightly

      Dropbox Avoids Snap’s IPO Mistakes, but Only Slightly

      The Dropbox Inc. initial public offering looks like it will avoid some of the issues that plagued Snap Inc.’s stock market debut, but there are still governance and financial concerns. Dropbox DBX, +0.00% , an 11-year-old cloud-storage company based in San Francisco, officially filed its long-awaited IPO documents with the Securities and Exchange Commission on Friday...

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      Mentions: CEO Stock Market IPO
    12. Newell Brands Confirms Activist Investor's Attempt to Replace Board of Directors

      Newell Brands Confirms Activist Investor's Attempt to Replace Board of Directors

      Newell Brands Inc. NWL, -5.26% said Friday that it received notice that activist investor Starboard Value and Opportunity Master Fund Ltd. plans to nominate 10 members to the consumer goods company's board of directors . Newell responded by saying the board is currently comprised of "nine highly ...

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    13. Elliott Wants BHP Unification Review this Month

      Elliott Wants BHP Unification Review this Month

      Activist shareholder Elliott Advisors is calling on BHP Billiton PLC (BLT.LN) management to undertake a full, independent and transparent review of unification at the dual-listed mining firm by Feb. 20, when it reports first-half earnings. In a letter on Monday to BHP Chairman Ken MacKenzie, Elliott said that unification will deliver more than $22 billion in value to shareholders and cost only $391 million...

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    14. Dan Loeb's Third Point calls for Nestle Changes

      Dan Loeb's Third Point calls for Nestle Changes

      Activist investor Dan Loeb's Third Point LLC is keeping pressure on Nestlé SA, saying the giant consumer company needs to do more to realign its portfolio, including getting out of its stake in cosmetics giant L'Oréal SA. The activist, writing to his own investors, says Nestlé has taken some "important" steps recently, pointing to new board members the company announced and plans to increase margins, but believes more is needed. A representative for Nestlé wasn't immediately able to comment...

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    15. What High CEO Salaries can do to Worker Productivity

      What High CEO Salaries can do to Worker Productivity

      Some employees really don’t like how much their CEOs get paid — and that can affect the company’s performance. It’s common for chief executives to make significantly higher salaries than lower-level employees do, but that disparity can actually hurt companies , according to a new working paper by Ethan Rouen, an assistant professor at Harvard Business School. When a CEO is “overpaid” and employees are “underpaid,” the firm performance suffers the most, he said...

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    16. Netflix Gives Top Executives a Big Raise, Citing the New Tax Law as the Reason

      Netflix Gives Top Executives a Big Raise, Citing the New Tax Law as the Reason

      Netflix Inc. said Thursday that it plans to increase the annual salary for a number of its top executives in 2018, and cited the recently passed tax overhaul for the change. Most notably, Netflix NFLX, +3.47% Chief Content Officer Ted Sarandos will earn a $12 million base salary in 2018, after bringing in a salary of just $1 million in each of the past three years, according to a filing with the Securities and Exchange Commission...

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    17. U.S. Activist Fund Takes 3.4% Stake in Whitbread

      U.S. Activist Fund Takes 3.4% Stake in Whitbread

      U.S. activist investor Sachem Head Capital Management LP disclosed on Wednesday that it has taken a 3.4% stake in Whitbread PLC (WTB.LN). Sachem disclosed that it holds contracts for difference over 6.2 million shares in the company, which owns Costa Coffee and Premier Inn. Sachem's managing partner and founder is Scott Ferguson, a former partner at Pershing Square Capital Management LP, run by hedge fund manager Bill Ackman. Whitbread shares are up 250 pence, or 6.7%, at 3960 pence at 1550 GMT...

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    18. Clariant Rebuffs Demands of Activist Investor

      Clariant Rebuffs Demands of Activist Investor

      ZURICH--Swiss chemicals company Clariant AG on Friday rejected many demands of its largest shareholder in the wake of the failed $15 billion merger with U.S.-based Huntsman Corp., escalating a battle with activist investors. Clariant offered White Tale Holdings--which owns more than 20% of Clariant--one seat on its board of directors, short of the three seats White Tale had requested. It also dismissed White Tale's call to hire an investment bank to explore strategic options for the company...

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    19. Akzo Nobel, Axalta Confirm in Talks for Merger

      Akzo Nobel, Axalta Confirm in Talks for Merger

      Akzo Nobel NV and U.S. rival Axalta Coating Systems Ltd. confirmed Monday they are in talks to join forces in a merger of equals that would create a multibillion-dollar coating and paints giant. The deal would involve the Dutch paint company first proceeding with its existing plan to spin off its specialty chemicals business and distribute the bulk of the proceeds to shareholders. Akzo said that plan, which is unaffected by the Axalta talks, remains on track for April 2018...

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    20. Supervalu Facing Pressure From Activist Investor Blackwells Capital

      Supervalu Facing Pressure From Activist Investor Blackwells Capital

      Supervalu Inc. is facing a push from an activist investor as the food wholesaler and retailer struggles to reverse a yearslong stock slide. Blackwells Capital LLC, an alternative-investment fund that is one of the company’s 10 biggest shareholders, wants the grocery company SVU, +1.49% to sell dozens of its stores and bring in new leadership, among other demands, according to a letter viewed by The Wall Street Journal...

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    21. GE Working on 'Comprehensive Changes' to Pay Plans

      GE Working on 'Comprehensive Changes' to Pay Plans

      Executive compensation is one of the many things John Flannery plans to shake up as he tightens the belt at General Electric Co. But his options may be limited. The new chief executive said Friday he was working with the board "on comprehensive changes" to the company's compensation plans to "better align the team with investors." The company declined to elaborate on those plans...

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