1. 1-10 of 10
    1. Exxon Activist Gets a Boost as ISS Supports Three Nominees

      Exxon Activist Gets a Boost as ISS Supports Three Nominees

      (Bloomberg) -- An investor pushing for changes at Exxon Mobil Corp. got a boost from a prominent advisory firm, which urged shareholders to support some of the activist’s board nominees. Institutional Shareholder Services Inc. weighed in Friday on the months-long fight between Engine No. 1 and the oil and gas giant. It recommended investors vote for three of the four nominees from Engine No. 1’s slate: Gregory Goff, Kaisa Hietala, and Alexander Karsner...

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      Mentions: ISS stake Bloomberg
    2. Glaxo Defends Strategy in Face of Elliott Management Stake

      Glaxo Defends Strategy in Face of Elliott Management Stake

      (Bloomberg) -- GlaxoSmithKline Plc’s management defended the company’s strategy as the pharmaceutical giant comes under growing pressure to revive its fortunes after activist investor Elliott Management Corp. took a stake. Speaking at Glaxo’s annual general meeting Wednesday, Chairman Jonathan Symonds said he understood investor skepticism, but said the company was now “doing the right things” and asked shareholders to judge it on the results...

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    3. Colony Capital’s Barrack Steps Down as Executive Chairman

      Colony Capital’s Barrack Steps Down as Executive Chairman

      (Bloomberg) -- Colony Capital Inc. founder Tom Barrack is taking another step back from the firm, relinquishing his role as executive chairman. Barrack, 73, who left the chief executive officer post last year, will retain a director role at the company he founded, while Nancy Curtin, already a Colony director, will become non-executive chairman effective April 1, the company said in a statement late Tuesday...

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    4. Exxon Urges Shareholders to Reject Activist Investor’s Proposals

      Exxon Urges Shareholders to Reject Activist Investor’s Proposals

      (Bloomberg) -- Exxon Mobil Corp. shareholders should reject activist investor Engine No. 1’s proposals at the company’s annual meeting, the oil giant said Monday in a preliminary proxy filing. The company said shareholders should instead vote in favor of Exxon’s nominated directors, including Jeff Ubben, who was announced as a board member Monday...

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    5. Carlyle Inks $4.1 Billion Credit Line Linked to Board Diversity

      Carlyle Inks $4.1 Billion Credit Line Linked to Board Diversity

      (Bloomberg) -- Carlyle Group Inc. has established a $4.1 billion credit line that ties borrowing costs to how well its portfolio companies achieve board diversity goals. The buyout firm has structured the revolver for its Americas corporate private equity funds, with pricing of the debt depending on whether they meet a previously set target of 30% diverse directors on their boards within two years of ownership...

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    6. TreeHouse Foods Faces Jana Pressure to Explore Sale

      TreeHouse Foods Faces Jana Pressure to Explore Sale

      (Bloomberg) -- Activist investor Jana Partners has called on TreeHouse Foods Inc. to launch a strategic review, including exploring a potential sale, according to people familiar with the matter. TreeHouse rose as much as 23% on the news. Jana believes the stock is undervalued and that there might be interested suitors following buyout firms’ interest in private label brands businesses in recent years, the people said, asking not to be identified because the matter is private...

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    7. Starboard Seeks to Take Control of Corteva Board, Oust CEO

      Starboard Seeks to Take Control of Corteva Board, Oust CEO

      (Reuters) - Starboard LP is planning to take control of agricultural company Corteva Inc's board and replace its Chief Executive Officer Jim Collins, the Wall Street Journal reported late on Wednesday, citing people familiar with the matter. https://on.wsj.com/35ZmERY The activist investor has privately nominated eight directors to Corteva's 12-person board, the Journal reported, adding that Starboard is aiming to oust Collins over 'mediocre performance'...

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    8. Dow, Marriott Lead Boardroom Backlash on Congress Vote Objectors

      Dow, Marriott Lead Boardroom Backlash on Congress Vote Objectors

      (Bloomberg) -- Major U.S. corporations are punishing Republicans in Congress who tried to overturn President-elect Joe Biden’s electoral victory, vowing to pull their campaign contributions after a right-wing mob stormed the U.S. Capitol last week. The rapid retreat of financial support played out in an unprecedented series of announcements that began last week and picked up critical mass over the weekend and on Monday...

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    1-10 of 10
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