1. Articles from Yahoo! News

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    1. JPMorgan Shareholders Vote Disapproval of CEO Dimon's Special Payout

      JPMorgan Shareholders Vote Disapproval of CEO Dimon's Special Payout

      (Reuters) -In an unusual rebuke for Jamie Dimon, CEO of JPMorgan Chase & Co, shareholders on Tuesday clearly disapproved of the special $52.6 million stock option award directors gave him last year to stay on the job for at least five more years. In an advisory say-on-pay referendum, only 31% of votes cast endorsed JPMorgan executive payments for 2021, according to a preliminary count announced at the company's annual meeting...

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    2. Carnival Corp. CEO Stepping Down in August, After 9 Years at the Helm

      Carnival Corp. CEO Stepping Down in August, After 9 Years at the Helm

      Carnival Corporation’s CEO Arnold Donald is stepping down on August 1, the Miami-based company announced Tuesday at Seatrade, the industry’s largest global conference , in Miami Beach. Donald, a New Orleans native, navigated the world’s largest cruise company through the worst of the pandemic. He will be replaced by Josh Weinstein, 48, Carnival’s chief operations officer, who has worked for the pioneering cruise enterprise for 20 years...

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    3. Tesla CEO Elon Musk Offers to Buy Twitter for $43 Billion

      Tesla CEO Elon Musk Offers to Buy Twitter for $43 Billion

      Tesla CEO Elon Musk is offering to buy Twitter, saying the social media platform he has criticized for not living up to free speech principles needs to be transformed as a private company. Twitter Inc. said in a regulatory filing on Thursday that Musk, currently the company’s biggest shareholder, has proposed buying the remaining shares of Twitter that he doesn’t already own at $54.20 per share, an offer worth more than $43 billion...

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    4. U.S. Corporate Reformers Face More Fights to Get Proxy Votes

      U.S. Corporate Reformers Face More Fights to Get Proxy Votes

      (Reuters) - U.S. corporations are fighting harder this year to keep activist shareholder proposals off the ballot at their annual meetings, partly because of a proliferation of investor demands for racial justice reforms. The trend shows the high stakes for the acting head of the U.S. Securities and Exchange Commission, who in a pair of speeches this week outlined reviews of the shareholder proposal process and voting disclosures...

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    5. Outlook Darkens for Wall Street as Biden's Regulators Take Shape

      Outlook Darkens for Wall Street as Biden's Regulators Take Shape

      (Reuters) - Wall Street may be facing an uncomfortable four years after President-elect Joe Biden's team confirmed on Monday it planned to nominate two consumer champions to lead top financial agencies, signaling a tougher stance on the industry than many had anticipated. Gary Gensler will serve as chair of the Securities and Exchange Commission (SEC) and Federal Trade Commission member Rohit Chopra will head the Consumer Financial Protection Bureau (CFPB)...

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    6. Tesla Says Black People Hold Just 4% of its U.S. Leadership Roles

      Tesla Says Black People Hold Just 4% of its U.S. Leadership Roles

      (Reuters) - Black employees make up just 4% of Tesla Inc's American leadership roles and 10% of its total workforce in the country, the electric carmaker has disclosed in its first U.S. diversity report. Women comprise 17% of the company's U.S. leadership roles - directors and vice presidents - and 21% of the overall workforce, according to the report. The figures for Asian, Black and Hispanic people combined are 33% and 60%...

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    7. Disney to Lay off 28,000 Workers at Domestic Theme Parks

      Disney to Lay off 28,000 Workers at Domestic Theme Parks

      The COVID-19 pandemic has brought substantial layoffs to Walt Disney Co.'s massive theme park operations and other units. The Burbank-based company said Tuesday that it would lay off 28,000 domestic employees at its parks, experiences and products division, which includes Disneyland Resort and Disney California Adventure Park in Anaheim and Walt Disney World in Orlando, Fla...

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    8. Advisory Firm Urges Tesla Shareholders to Oust Musk From Board

      Advisory Firm Urges Tesla Shareholders to Oust Musk From Board

      Tesla ‘s stock may have hit an all-time high , trading at $1,113 as of Wednesday morning, while the company’s market cap is up to over $200 billion, making it the most valuable car company in the world. However, one firm that advises shareholders is calling for the firm to remove CEO Elon Musk from the company’s board, due to the potential exposure to lawsuits...

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    9. Apple Shareholders Reject Sustainability, Freedom of Expression Proposals

      Apple Shareholders Reject Sustainability, Freedom of Expression Proposals

      Apple ( AAPL ) investors on Wednesday rejected several shareholder proposals, including one that would have linked executive pay to environmental sustainability and another that would have required the tech giant to provide annual reports on its policies on freedom of expression. The tech giant’s board — which includes former vice president Al Gore, BlackRock co-founder Susan Wagner, and Apple CEO Tim Cook — had recommended a vote against both proposals...

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    10. Facing Trial in Japan, Ex-Nissan Boss Ghosn Flies to Beirut

      Facing Trial in Japan, Ex-Nissan Boss Ghosn Flies to Beirut

      Former Nissan chief Carlos Ghosn said Tuesday he had fled to Lebanon to escape injustice in Japan, where he was on bail awaiting trial on financial misconduct charges. The auto tycoon's abrupt departure was the latest twist in a rollercoaster journey that saw him fall from boardroom to detention centre and it sparked questions over an embarrassing security lapse in Japan...

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    11. Dimon Scores Win Over ‘Lazy’ Investors on Corporate Voting Rules

      Dimon Scores Win Over ‘Lazy’ Investors on Corporate Voting Rules

      (Bloomberg) -- Wall Street’s main regulator is pursuing a crackdown on shareholder campaigns that corporate chieftains say are a nuisance. Few top executives would cheer the move louder than Jamie Dimon. Dimon has been a frequent target of social activists who want companies to take an aggressive stand on issues such as climate change and human rights abuses...

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    12. ABB Names Voser as Interim CEO After Spiesshofer Quits

      ABB Names Voser as Interim CEO After Spiesshofer Quits

      (Reuters) - ABB Chief Executive Ulrich Spiesshofer has quit the Swiss industrial group as the board and major shareholders look for a speedier turnaround at the maker of industrial robots and supplier of factory automation. Spiesshofer's abrupt exit follows the launch of the biggest overhaul in ABB's 31-year history to reposition the company more toward digital industries and agreeing to activist shareholder demands to sell its power grids business...

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      Mentions: Japan stake Shell
    13. Ford CEO Jim Hackett Pay Raise Means He Earns 276 Times More than Median Employee

      Ford CEO Jim Hackett Pay Raise Means He Earns 276 Times More than Median Employee

      DETROIT – Ford CEO Jim Hackett received total compensation of $17.8 million in 2018, up from $16.7 million in 2017, according to finance documents released by the company . The Dearborn, Michigan-based carmaker reported Hackett's pay was 276 times more than the median compensation for all U.S.-based Ford employees.

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    1-24 of 85 1 2 3 4 »
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