1. Articles in category: BoardNews

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    1. Nike Jordan Boss Reveals He Murdered an 18-year-old in 1965

      Nike Jordan Boss Reveals He Murdered an 18-year-old in 1965

      Larry Miller served a jail sentence for the murder in 1965 A long-time Nike executive in the US has revealed that he shot and killed a teenage boy in the streets of West Philadelphia 56 years ago. Larry Miller, chairman of the popular Jordan Brand, confessed to the 1965 murder in an interview with Sports Illustrated published on Wednesday. "It was eating me up inside," he said of his actions at age 16, when he was "a straight-up gangbanger"...

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    2. Activist Hedge Fund Wants Macy’s to Mimic Rival Saks’ Online Strategy

      Activist Hedge Fund Wants Macy’s to Mimic Rival Saks’ Online Strategy

      An activist hedge fund that took a stake in Macy’s is is pushing the department-store giant to follow its upscale rival Saks Fifth Avenue’s online playbook, The Post has learned. In March, Saks separated its bricks-and-mortar business from its online division , with the latter becoming a new private company controlled by Saks whose value has exploded as demand for online luxury goods has boomed during the pandemic...

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    3. Icahn Escalates Southwest Gas Feud by Launching Tender Offer

      Icahn Escalates Southwest Gas Feud by Launching Tender Offer

      (Bloomberg) -- Activist investor Carl Icahn is stepping up his fight with Southwest Gas Holdings Inc. The billionaire, who has disclosed a 4.9% stake in the utility, is offering to buy remaining shares for $75 each and initiating an effort to replace the board after the company ignored his call to walk away from a deal to buy Questar Pipelines from Dominion Energy Inc. “We tried to prevent the disastrous Questar deal,” Icahn wrote Thursday in an open letter to shareholders...

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    4. Jana Partners Takes Stake in Macy’s, Urges Spin Off of E-Commerce Business

      Jana Partners Takes Stake in Macy’s, Urges Spin Off of E-Commerce Business

      An activist shareholder has taken a stake in Macy’s Inc. and is urging the famed retailer to spin off its fast-growing e-commerce business, according to people familiar with the matter. Jana Partners LLC on Wednesday sent a letter to the company’s board prodding it to separate the online unit, which has about $8 billion in annual revenue, the people said...

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    5. SEC Breathes New Life into 2015 Executive Compensation Clawback Rule

      SEC Breathes New Life into 2015 Executive Compensation Clawback Rule

      WASHINGTON (Reuters) - The U.S. Securities and Exchange Commission (SEC) on Thursday voted to revive a rule, left unfinished since 2015, that would expand the regulator's powers to clawback executives' compensation when a company had to restate its financials due to a compliance lapse. The SEC said it would seek a further round of public feedback on the rule, which was mandated by Congress following the 2007-2009 financial crisis, with a view to finalizing the rule likely next year...

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    6. Delaware Court Agrees with CytoDyn that Activist Group’s Nominations are Invalid

      Delaware Court Agrees with CytoDyn that Activist Group’s Nominations are Invalid

      CytoDyn Inc. (OTCQB: CYDY) (“CytoDyn” or the “Company”), a late-stage biotechnology company developing leronlimab, a CCR5 antagonist with the potential for multiple therapeutic indications, today announced that the Delaware Court of Chancery found that CytoDyn’s Board of Directors properly rejected a nomination notice presented by an activist group led by Paul Rosenbaum and Bruce Patterson...

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    7. 15 Highest-Paid CEOs in Financial Services: 2021

      15 Highest-Paid CEOs in Financial Services: 2021

      Pandemic? What pandemic? When it comes to executive compensation awards, increases continued in fiscal year 2020 as if the pandemic were not besieging the country, according to the 14th edition of the Equilar 200, published in partnership with The New York Times. The report analyzes CEO pay among U.S. public companies with revenues of more than $1 billion...

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    8. Healthcare Trust Responds to Activist Investor's Urging to Put Itself Up for Sale

      Healthcare Trust Responds to Activist Investor's Urging to Put Itself Up for Sale

      Healthcare Trust of America Inc. [HTA, +2.08%](/investing/stock/HTA?mod=MW_story_quote) said Monday that it regularly reviews its strategic plan and opportunities to enhance shareholder value. "We are open minded and committed to delivering superior returns for all HTA shareholders," the real estate investment trust that owns and operates medical office buildings said in a statement...

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    9. Hasbro (HAS) Chairman & CEO Brian D. Goldner to Take Medical Leave to Focus on Health

      Hasbro (HAS) Chairman & CEO Brian D. Goldner to Take Medical Leave to Focus on Health

      Hasbro, Inc. (NASDAQ: HAS), a global branded play and entertainment company, today announced that Brian D. Goldner is taking a medical leave of absence from his role as CEO, effective immediately. Today’s announcement follows Mr. Goldner’s disclosure in August 2020 that he was undergoing continued medical care following treatment for cancer in 2014...

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    10. Elliott Sends Letter to Board of Healthcare Trust of America, Inc.

      Elliott Sends Letter to Board of Healthcare Trust of America, Inc.

      WEST PALM BEACH, Fla., Oct. 11, 2021 /PRNewswire/ -- Elliott Investment Management L.P. and its affiliates (together "Elliott"), which is one of the largest investors in Healthcare Trust of America, Inc. ("HTA" or the "Company"), today sent a letter and an accompanying presentation to the HTA Board of Directors urging the Company to conduct a strategic review....

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