In August 2019, in the Business RoundtablesStatement on the Purpose of a Corporation(the BRT Statement), numerous major company CEOs announced their commitment to deliver value to all stakeholders and not just shareholders...

Yet, highly profitabelcorporationsare not investing. They are insteadhoarding cashandrewarding shareholders. This raises pressure on...

The contention that the shareholders own companies is based, at best, on lack of understanding of the law, of business, and of history.At worst, it is driven by greed, power, and the desire to protect a business governance that has devastated much of America for some 40 years...

It's hardly a new complaint. Indeed, the headlines raging against shockingly big paychecks collected by United States CEOs have been regularly recirculated for years. This time, though, against a backdrop of consumers' concern over online privacy and frustration over lingering inequality, efforts from Walt Disney (NYSE:DIS) and Coca-Cola (NYSE:KO) shareholders have finally struck a receptive nerve that will incite actual change in how corporate chiefs are compensated ...

(BLOOMBERG) - In what's billed by local media as the " divorce of the century ", the chairman of South Korea's third-largest conglomerate could wind up surrendering up to US$1.2 billion (S$1.6 billion) of his shares to his aggrieved wife. Chey Tae-won has good reason to worry that judges won't look kindly upon him: He's already started a second family with a glamorous American-Korean internet ...

A major proxy advisor is urging Boeing investors to require an independent board chairman at the company's annual meeting on April 29. Boeing CEO Dennis Muilenburg currently serves as an independent director of the company's board. ISS says the board needs an independent chairman if it wants to weather the crisis that has seen the 737 Max, its best-selling plane, grounded worldwide for more than a month...

As the firm behind New Yorks Fearless Girl statue, State Street Corporation has gotten an estimated$13 million in free publicityand even seen successpushing companies to add women to their boards of directors. But as a shareholder, the firms fund specifically devoted to gender diversity has often opposed initiatives in favor of that mission...

(Reuters) - Appaloosa LP said on Thursday investor John Chevedden was backing the hedge fund's proposal to split the roles of chairman and chief executive officer at Botox-maker Allergan Plc...

A small group of protestors chanted No money for Les outside of CBSCorp.s annual shareholders meeting in New York on Tuesday, but inside there were no questions from shareholders about the sexual misconduct scandal that has enveloped the company and former chairman-CEO Leslie Moonves...

PGE shares plummet after company discloses electric incident just before California wildfires from CNBC.

Teslas third-largest shareholder believes in what Elon Musk is doing at the company. And its willing to put up more cash if the car makers co-founder asks for it...

Two shareholders are requesting Cardinal Health's executive pay not be insulated from legal costs associated with ongoing opioid litigation, according to a Sept. 26 proxy statement . Cardinal Health is facing over 300 lawsuits from local and state governments for its role in distributing painkillers...

Comcast outbids Fox by $3.6 billion in a three-round auction process from CNBC.

NEW YORK U.S. Senator Elizabeth Warren has proposed a bill the Accountable Capitalism Act that would require large companies to create corporate charters that take account of the interests of workers, customers and communities in addition to shareholders. To enforce this dictum, it would give each companys employees the power to elect 40 percent of the corporate directors. Right now, U.S. corporations are set up to maximize the ...