Florida's chief financial officer said on Thursday his department would pull $2 billion worth of its assets managed by BlackRock Inc (BLK.N), the biggest such divestment by a state opposed to the asset manager's environmental, social and corporate governance (ESG) policies...
Mr. Bankman-Fried spoke at The New York Times’s DealBook conference, in his first public appearance since his crypto exchange imploded...
Salesforce Inc. (CRM 5.65% increase) said co-CEO Bret Taylor is leaving a year after he was elevated to run the business-software provider alongside Chairman Marc Benioff , ending the company’s second experiment in recent years with dual leadership. Mr. Taylor, 42, will vacate the position Jan. 31, Salesforce said Wednesday. Mr. Benioff will become sole chief executive again and continue to serve as company chairman...
China said on Wednesday it will bring more types of companies under the measures to oversee corporate governance at financial institutions by its banking and insurance regulator in an effort to prevent systemic risks. It will include rural cooperative banks, financial asset management companies, financial leasing companies and consumer finance companies to the scope of supervision, according to the revised measures released by the China Banking and Insurance Regulatory Commission on its website...
U.S. hedge fund Engine Capital on Wednesday urged Univar Solutions Inc (UNVR.N) to consider a sale or other strategic options, days after Germany's Brenntag SE (BNRGn.DE) said it was in preliminary talks to buy the chemicals distributor...
Emails and text messages show how lawyers and executives struggled to persuade the 30-year-old entrepreneur to give up control of his collapsing crypto exchange...
Argo Group International Holdings, Ltd. (NYSE: ARGO) (“Argo” or “the Company”) today announced that it is mailing a letter to shareholders in connection with its 2022 Annual Meeting of Shareholders urging all Argo shareholders to vote the BLUE proxy card “FOR” ALL seven of Argo’s highly qualified director nominees. The Annual Meeting will be held on December 15, 2022, and shareholders of record as of October 26, 2022 are entitled to vote at the meeting...
Silgan Holdings Inc. (NYSE:SLGN), a leading supplier of sustainable rigid packaging for the world’s essential consumer goods products, announced today that it entered into a new amended and restated stockholders agreement with its co-founders, D. Greg Horrigan and R. Philip Silver...
AMC Networks said on Tuesday that CEO Christina Spade “has stepped down from her role” without giving details about the reason. The news came as a surprise as Spade had only taken over the role as of Sept. 9. A successor wasn’t immediately named...
FTX, one of the world’s largest cryptocurrency exchanges, collapsed with stunning speed this month. A run on deposits left the company owing customers $8 billion, setting off a chain of events that has shaken the crypto world and driven investigations by the Securities and Exchange Commission and the Justice Department...
Elon Musk evidently has a diabolical view of environmental, social and corporate governance – more commonly referred to as "ESG." ...
Shortly after Elon Musk officially bought Twitter on Oct. 27 for $44 billion, the Tesla (TSLA) - Get Free Report CEO took the company private and began cutting staff...
Independent Franchise Partners, a London-based investment firm and one of the largest non-Murdoch holders of both News Corp and Fox, said it told a special committee of News Corp’s board last month that it thought a combination on its own would fail to realize the full value of the company. It believes any combination should be done in conjunction with the sale of some of News Corp’s most valuable business units...
Walt Disney shocked investors twice in the past two weeks. On Nov. 8, the company announced a substantial loss in its underperforming streaming service. And on Nov. 20, the company announced CEO Bob Chapek had been replaced by former CEO, Bob Iger, who would be returning to the role less than three years after Chapek had taken over...
Shares in the entertainment giant climbed more than 9 percent in premarket trading on Monday following the ouster of chief executive officer Bob Chapek...
Activist fund Cevian has cut its stake in Thyssenkrupp (TKAG.DE) to less than 1%, it said on Tuesday, effectively ending its loss-making engagement with the German industrial group after years of restructuring that failed to boost its share price...
Bob Chapek leaves Walt Disney Co.’s top job with exit payments and benefits that could be worth more than $23 million. That’s without including the millions more he could collect in the coming years if the company’s share price recovers...
On a video call in early November, employees at Alameda Research dialed in to learn the fate of the trading firm, which was teetering on the brink. It was up to Caroline Ellison to deliver the bad news. Alameda was at the center of Sam Bankman-Fried‘s collapsing FTX empire. Ms. Ellison, who had just turned 28, was at the center of Alameda. And they were all in crisis...
Former Disney CEO Bob Iger is back in charge at Disney, replacing Bob Chapek after two years...
SAN JOSE, Calif. — Elizabeth Holmes, the founder of the failed blood-testing start-up Theranos, was sentenced to more than 11 years in prison on Friday for defrauding investors about her company’s technology and business dealings...
Seven years after an explosive investigation recast Elizabeth Holmes from the eager young entrepreneur with a skyrocketing fortune to the possible fraudster who had misled the masses about her blood-testing start-up, the former Theranos CEO will face a judge who holds her fate in his hands...
FTX didn't have a board, but Sam Bankman-Fried was still able to raise $1.9 billion...