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    1. Paid Sick Time Becomes Key Issue for Investors This Proxy Season -

      Paid Sick Time Becomes Key Issue for Investors This Proxy Season -

      (Bloomberg) -- A group of investors including Domini Impact Investments and Trillium Asset Management are pressing retailers and restaurant operators to provide more information about the paid sick leave they provide for their workers, citing their heightened risk of contracting Covid-19. Letting employees quarantine and recover at home -- while receiving pay -- will help companies prevent outbreaks and store closures, the group said in a statement on Thursday...

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    2. Vanguard to Push Companies on Racial Diversity Next Year

      Vanguard to Push Companies on Racial Diversity Next Year

      (Bloomberg) -- Vanguard Group Inc. said it plans to vote against company directors who fail to push for greater racial and gender diversity on their boards. The money manager, which oversees $6.3 trillion, acknowledged that corporations are in the early stages of developing their boardroom diversity strategies, and that regional differences and regulations need to be considered...

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    3. Are Exxon’s New Emissions Targets Enough for BlackRock?

      Are Exxon’s New Emissions Targets Enough for BlackRock?

      (Bloomberg Opinion) -- It is possible, of course, that Exxon Mobil Corp.’s Monday-morning announcement of new emissions targets has nothing to do with the recent arrival of an activist shareholder calling for a more sustainable strategy at the oil major. Exxon took the trouble to say “the plan is the result of several months of detailed analysis,” and, with 2020 targets about to be yesterday’s news, an update of some sort was due in the near future...

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    4. S&P Global’s $39 Billion Deal Marks Data’s Dominance in Markets

      S&P Global’s $39 Billion Deal Marks Data’s Dominance in Markets

      (Bloomberg) -- S&P Global Inc. grew out of a firm that provided bond ratings and railroad data. IHS Markit Ltd. traces its roots to a British barn and an effort to offer prices for the opaque world of credit derivatives. Now, the second-biggest acquisition of 2020 will combine the two into a data Goliath that tracks everything from the price of wheat to the movements of hundreds of thousands of ships criss-crossing the world’s oceans...

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    5. Hong Kong Doctor Is Cleared in Massive Securities Probe

      Hong Kong Doctor Is Cleared in Massive Securities Probe

      (Bloomberg) -- Hong Kong’s securities watchdog has failed to secure convictions in its largest-ever investigation. Cho Kwai-chee, founder of Hong Kong’s largest private health-care group, was cleared of charges to defraud the stock exchange and investors in financial brokerage firm Convoy Global Holdings Ltd., where he had been a director. He was also found not guilty of publishing false statements in Convoy’s annual accounts...

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    6. Korea Set to Crack Down on Chaebols With Corporate Reform Steps - Bnn Bloomberg

      Korea Set to Crack Down on Chaebols With Corporate Reform Steps - Bnn Bloomberg

      South Korea is pushing for its most significant reform of corporate governance since President Moon Jae-in took office, a move that could add transparency to top decision-making at large conglomerates that dominate the economy. The conglomerates, known as chaebols, propelled South Korea’s rise as an export powerhouse...

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    7. CoreLogic Activist Investors Win Three Seats on Company’s Board

      CoreLogic Activist Investors Win Three Seats on Company’s Board

      (Bloomberg) -- The investors pushing for changes at CoreLogic Inc. have won three seats on the board of the data provider after a lengthy battle that has dragged out since June. CoreLogic said in a statement that preliminary tallies show that Cannae Holdings Inc. and Senator Investment Group have won the necessary support for three of their nominees: Steve Albrecht, Wendy Lane and Henry Winship. The statement confirmed an earlier Bloomberg News report...

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    8. Aecom Could Face Repeat Board Fight With Activist Starboard

      Aecom Could Face Repeat Board Fight With Activist Starboard

      (Bloomberg) -- Aecom’s standstill agreement with activist investor Starboard Value expires next week, setting the stage for a potential boardroom battle at the engineering services firm for a second year in a row. The New York-based hedge fund, which owns a roughly 3.7% stake in Aecom, butted heads with the company in June over the appointment of new Chief Executive Officer Troy Rudd. The dispute resulted in Starboard Managing Member Peter Feld resigning from the board in protest...

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    9. Peltz Dusts off Familiar Playbook in Invesco Board Advance

      Peltz Dusts off Familiar Playbook in Invesco Board Advance

      Nelson Peltz wasted little time in choosing his next target in the asset-management industry, grabbing board seats at Invesco Ltd. Just months after Franklin Resources Inc.’s takeover of Legg Mason, a deal he helped engineer, the billionaire activist investor joined Invesco’s board alongside fellow Trian Fund Management co-founder Ed Garden. That’s a typical next step in Peltz’s playbook...

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    10. Michael Klein’s Churchill SPAC Eyes AT&T’s DirecTV Stake

      Michael Klein’s Churchill SPAC Eyes AT&T’s DirecTV Stake

      (Bloomberg) -- A blank-check company backed by former Citigroup Inc. rainmaker Michael Klein is among the parties interested in buying a stake in AT&T Inc.’s DirecTV satellite-television business, according to people with knowledge of the matter. Churchill Capital Corp. IV, which raised $2.07 billion in July, is working with advisers on a potential bid for the asset, the people said, asking not to be identified because the discussions are private...

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    11. Invesco to Cut Compensation Costs With US$200M Savings Plan

      Invesco to Cut Compensation Costs With US$200M Savings Plan

      Invesco Ltd. plans to curtail spending on employee compensation as the asset manager aims to save US$200 million annually by the end of 2022. As much as 60 per cent of the expected savings will come from compensation, executives said Tuesday on a conference call to discuss third-quarter results. About US$150 million of the expense reductions will occur by the end of next year...

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    12. U.K. Investment Firms to Name and Shame Diversity Laggards

      U.K. Investment Firms to Name and Shame Diversity Laggards

      (Bloomberg) -- A U.K. investment-industry group whose members manage 8.5 trillion pounds ($11 trillion) of assets warned it will call out companies that don’t reveal the ethnic diversity of their boards. Nearly three-quarters of the U.K.’s largest companies failed to report the ethnic make-up of their boards at annual shareholder meetings this year, according to The Investment Association...

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    13. Elanco Targeted by Sachem Head in Activist’s Biggest Bet

      Elanco Targeted by Sachem Head in Activist’s Biggest Bet

      (Bloomberg) -- Activist investor Sachem Head Capital Management has made its biggest bet yet, taking a $1.2 billion stake in Elanco Animal Health Inc. to push for changes at the company. The New York-based investment firm, which owns a 9.1% stake in Elanco in stock and options, believes the company is undervalued and underperforming its competitors, including its larger rival Zoetis Inc., according to people familiar with the matter...

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    14. Almost Everyone at SoftBank Thinks Going Private Is a Bad Idea

      Almost Everyone at SoftBank Thinks Going Private Is a Bad Idea

      Inside SoftBank Group Corp., the idea of going private through a buyout has been discussed off and on for at least five years. Almost everyone except founder Masayoshi Son opposes it, people with direct knowledge of the matter said. The reasons are substantial: No one has pulled off a buyout anywhere close to SoftBank’s $130 billion valuation, it’s not clear the company could raise the necessary financing and such a complex deal would prove a distraction for at least a year, the people said...

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    15. Activist Litt Files for Shareholder Vote on Aimco Split

      Activist Litt Files for Shareholder Vote on Aimco Split

      Activist investor Jonathan Litt filed with regulators Tuesday to call a special meeting at Apartment Investment & Management Co. so shareholders can have a say on its plans to split its business into two parts. The move to seek support for a vote comes after Aimco ignored the investor’s request to hold a shareholder vote on the matter, which will see the company broken up into a real estate investment trust and a development company...

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    16. Billionaire Investor Peltz out as Special Advisor at Aurora

      Billionaire Investor Peltz out as Special Advisor at Aurora

      Billionaire investor Nelson Peltz ​resigns as Aurora advisor Billionaire activist investor Nelson Peltz is out as senior advisor to Aurora Cannabis , resigning to pursue other commitments. Peltz first joined Aurora in March 2019 under a senior advisory services agreement where he was tasked with helping the company devise a strategy to marry its cannabis business with the U.S. consumer market...

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    17. ESG Scores Aren’t Enough to Achieve a Net-Zero Future

      ESG Scores Aren’t Enough to Achieve a Net-Zero Future

      (Bloomberg) -- Just like in traditional investing, there are dozens of strategies you can use to be an ESG investor. There are funds that pick the best-rated low-carbon companies, funds that focus on companies with more women on boards, and funds that use a series of ratings and checklists to ensure the stocks they are betting on are “better” than the rest of the market. But is that the best way to get to a more sustainable future...

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