JPMorgan Chase is fighting four shareholder petitions related to climatechange at the Securities and Exchange Commission, in spite of a new ...
Rising antitrust pressure from the federal government could threaten to put a stop to massive entertainment-based mergers, such as Amazon's $8.45 billion agreement to purchase MGM Studios...
The US Securities and Exchange Commission (SEC) on Wednesday proposed new rules that aim to boost hedge fund and private equity fund disclosures, as it looks to increase oversight of the private funds industry and better monitor systemic risks...
Warren Buffett’s company plans to hold its annual shareholders meeting that used to routinely attract more than 40,000 people in person this spring for the first time since the pandemic began...
A Disney heiress has created a documentary criticizing the pay gap of Disney employees, focusing on wage earners, or “cast members,” at Disneyland, some of whom say they are unable to afford sufficient food on their pay. Abigail E. Disney — granddaughter of Roy O. Disney, who co-founded the company with brother Walt Disney — co-directed the movie...
After relocating to Zurich last spring to run Credit Suisse Group AG as chairman, António Horta-Osório flew to London and Lisbon for work meetings and business events, then spent time with his family at homes there...
Federal prosecutors have been investigating the financial transactions of the D.C. Retirement Board, which manages the city’s $10 billion pension fund for retired teachers, police officers and firefighters...
(Reuters) -Activist investor Blackwells Capital LLC wants exercise equipment maker Peloton Interactive Inc. to fire its chief executive and consider selling itself to a fitness or technology company, two sources familiar with the matter said on Sunday. The pandemic turned Peloton which offers stationary bikes and treadmills with livestreamed workouts from popular instructors into one of the market's hottest stocks, but the company's stock price has plummeted 84% in the last year...
An activist investor wants Peloton Interactive Inc. to fire its chief executive and explore a sale after the stationary-bike maker’s stock plummeted more than 80% from its high, as growth slowed. Blackwells Capital LLC has a significant stake of less than 5% in Peloton and is preparing to push the company’s board to fire CEO John Foley and pursue a sale, according to people familiar with the matter...
Unilever is expected to face pressure to shake up its business model after it emerged the activist investor Nelson Peltz has built a stake in the troubled FTSE 100 company. The consumer goods company, best known for Dove soap, Hellmann’s mayonnaise and Marmite, has been thrown into turmoil after a £50bn tilt at GlaxoSmithKline’s consumer healthcare division caused fury among its shareholders...
In his 2022 letter to CEOs , BlackRock ( BLK ) CEO Larry Fink urged other heads of companies to prepare for and participate in the green transition as part of a broader defense of stakeholder capitalism. “I believe the decarbonizing of the global economy is going to create the greatest investment opportunity of our lifetime,” Fink wrote...
The House Oversight and Reform Committee is calling members of the boards of directors of four oil companies to testify next month, expanding its investigation into the industry’s efforts to downplay climate change. The panel yesterday asked members of the board from Exxon Mobil Corp., BP PLC, Royal Dutch Shell PLC and Chevron Corp. to appear at a Feb. 8 hearing focused on the companies’ net-zero emissions pledges and whether they are sufficient to curb climate change...
(Bloomberg) -- A group backed by activist hedge fund Starboard Value LP is offering about $9 billion for retailer Kohl’s Corp., according to people familiar with the matter. The offer for Kohl’s from parties led by Acacia Research Corp. is $64 per share in cash, according to two people familiar with the matter, who asked not to be identified because the information was private. That’s a 37% premium to the department store chain’s closing price of $46.84 on Friday...
JPMorgan Chase & Co. is paying Chief Executive Jamie Dimon $34.5 million for a record-breaking 2021, $3 million more than he made in the previous two years...
Carl Icahn owns a 4% stake in International Flavors & Fragrances , sources told CNBC's David Faber on Thursday. Shares of the New York-based fragrance company popped 2.8% following the news. Icahn, founder and majority shareholder of Icahn Enterprises, is a longtime activist investor...
(Reuters) - The proportion of women in leading positions at major European companies rose last year, but fell behind schedule to reach the European Commission's proposed target of 40% for 2025, a study by an EU-sponsored non-profit organisation showed on Thursday. European Commission President Ursula von der Leyen said earlier this month she would try to unblock legislation for a quota of women on EU company boards, which has been stuck since 2012...
Disney CEO Bob Chapek saw his total compensation more than double in fiscal 2021 compared with 2020, to $32.5 million, according to a new SEC filing. The longtime Disney exec is about to enter the third and final year of his current contract as CEO. He took over for Bob Iger, who segued to a stint as executive chairman before wrapping up his four-decade run at Disney and ABC at the end of last month. Chapek’s pay puts him significantly below the level of many other media executives...
A labor-market squeeze and evolving regulatory pressures are driving demand for compliance officers. Competition for such talent has heated up in recent months as companies fear they will be short-staffed at a time of rapid growth and increasing regulatory scrutiny, and businesses are luring compliance staff with salary increases, remote-working opportunities and company equity...
An activist investor group that called for the ouster of Activision CEO Bobby Kotick is sounding the alarm on the massive payout he is due after the blockbuster Microsoft takeover closes...
Specifically, State Street announced that its "main focus in 2022 will be to support the acceleration of the systemic transformations underway in climate change and the diversity of boards and workforces." In other words, State Street has embraced the recent focus on "material environmental, social and governance (ESG) issues." ...
Exxon Mobil, under increasing pressure from investors to address climate change, announced on Tuesday that it had the “ambition” to reach zero net greenhouse gas emissions from its operations by 2050...
An activist investor group that previously called on Activision Blizzard CEO Bobby Kotick to resign is now raising concerns about the executive’s golden parachute, should he exit the company. Why it matters: Microsoft’s plans to buy Activision Blizzard for $70 billion may alter the consequences coming to Kotick, who has led the company for three decades...
Ides Has Attempted to Constructively Engage With Company Around Stock Price ... of "Refreshment" and " Corporate Governance Enhancement Plan...