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    1. Commentary: Can CEOs and Top Executives be Counted on to Uphold Corporate Responsibility?

      Commentary: Can CEOs and Top Executives be Counted on to Uphold Corporate Responsibility?

      ExxonMobil recently announced a five-year plan to reduce greenhouse gas emissions and is pumping out ads proclaiming its commitment to a green future. Tobacco giant Philip Morris is touting its plans to help smokers quit. Facebook is calling for new internet regulations. And these moves come less than two years after the Business Roundtable, representing the CEOs of America’s largest corporations, issued a statement calling for business to serve all stakeholders...

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    2. Exxon Considering to Add Activist Investor Jeff Ubben to Board

      Exxon Considering to Add Activist Investor Jeff Ubben to Board

      REUTERS: Activist investor Jeff Ubben is being considered for a board seat at Exxon Mobil Corp, Bloomberg News reported on Thursday, citing people familiar with the matter. Ubben's investment firm Inclusive Capital Partners is also discussing taking a stake in the U.S. oil producer if he was appointed to the board, according to...

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    3. Xerox to Nominate as Many as 11 Directors to HP's Board in Takeover Push

      Xerox to Nominate as Many as 11 Directors to HP's Board in Takeover Push

      Xerox Holdings Corp is preparing to nominate as many as 11 directors to HP Inc's board, the Wall Street Journal reported on Tuesday, as the company seeks to push its US$33.5 billion takeover offer for the personal computer maker. The company logo for Xerox is displayed on a screen on the floor of the New York Stock Exchange (NYSE) in New York, U.S., March 11, 2019...

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      Mentions: Takeover stake NYSE
    4. Third Point Cuts United Technologies Stake After Opposing Raytheon Deal

      Third Point Cuts United Technologies Stake After Opposing Raytheon Deal

      BOSTON: Hedge fund Third Point LLC said on Tuesday that it recently cut its investment in United Technologies Corp , becoming the second activist hedge fund to sell shares after the company announced a merger with Raytheon Co. that the funds said they would not support. The New York-based firm sold 480,000 shares of United Technologies stock during the second quarter, cutting its holding by 7 percent to 6 million shares, according to a regulatory filing made on Tuesday...

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    5. Ex-Nissan Chairman Ghosn Indicted on Aggravated Breach of Trust Charge

      Ex-Nissan Chairman Ghosn Indicted on Aggravated Breach of Trust Charge

      TOKYO: Japanese prosecutors indicted former Nissan Motor Co Chairman Carlos Ghosn on Monday on a charge of aggravated breach of trust, a Tokyo court said, bringing a fourth charge against him on the day his detention period was set to expire. Ghosn's lawyers filed a request for bail shortly after the latest indictment, which comes after authorities arrested him on April 4 for the fourth time, on suspicion he enriched himself by a total of US$5 million at Nissan's expense...

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    6. Hedge Fund Appaloosa Unimpressed by Allergan Board Promises

      Hedge Fund Appaloosa Unimpressed by Allergan Board Promises

      REUTERS: Activist investor Appaloosa LP responded to proposed concessions from the board of Allergan Plc by saying it had done everything "except what needs to be done" and calling on other investors to take further "disruptive" steps to change the company. The hedge fund, led by billionaire David Tepper, has been pressing Allergan since last year to separate the roles of CEO and chairman or potentially sell or merge the company...

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    7. Diversity in the 'Man Cave': Boardrooms Gain Women as Minorities Lag

      Diversity in the 'Man Cave': Boardrooms Gain Women as Minorities Lag

      In America's corporate boardrooms, diversity is making uneven progress - women increasingly are pulling up a chair while racial and ethnic minorities still rarely get seats at the table. Twenty-seven per cent of new directors at companies in the Russell 3000 Index were women during 2016-2018, up from 21 per cent in the previous three-year period, according to estimates by ISS Analytics in an analysis for Reuters News...

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    8. Explainer: What Misconduct is Nissan's Ghosn Accused Of, and How did it Come to Light?

      Explainer: What Misconduct is Nissan's Ghosn Accused Of, and How did it Come to Light?

      Japan was shocked by news that Nissan Motor Co. Chairman Carlos Ghosn, who was widely respected for rescuing the car maker from near bankruptcy, was arrested on Monday for alleged financial misconduct. Nissan said that Ghosn, who is also chairman and CEO of Renault and chairman of Mitsubishi Motors, would be fired from his post as Nissan chairman on Thursday...

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    9. Campbell Heirs to Vote for Own Board, Third Point Calls Move a 'Stunt'

      Campbell Heirs to Vote for Own Board, Third Point Calls Move a 'Stunt'

      Campbell heirs to vote for own board, Third Point calls move a 'stunt' close breaking news Business Campbell heirs to vote for own board, Third Point calls move a 'stunt' Campbell Soup Co said on Wednesday that four key shareholders, all descendants of the company's former chairman John Dorrance, have formally aligned themselves against hedge fund Third Point LLC's plans to oust the embattled soupmaker's entire board...

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    10. Third Point Urges Campbell Shareholders to Vote for its Nominees

      Third Point Urges Campbell Shareholders to Vote for its Nominees

      REUTERS: Activist investor Daniel Loeb's Third Point LLC on Friday urged Campbell Soup Co's shareholders to vote in favor of the hedge fund's nominees. Third Point, which has launched a proxy fight to replace the American food company's 12-member board, unveiled a slate of nominees last week. Advertisement Third Point owned a 5.65 percent stake in Campbell as of Sept. 6, according to Reuters data...

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    11. Icahn calls for new leadership at Xerox

      Icahn calls for new leadership at Xerox

      Icahn calls for new leadership at Xerox close breaking news Business Icahn calls for new leadership at Xerox Activist investor Carl Icahn on Tuesday called for new leadership at Xerox Corp , the maker of printers and copiers, a day after he named four nominees to the company's board of directors. FILE PHOTO: The logo of Xerox company is seen on a building in Minsk, Belarus, March 21, 2016. REUTERS/Vasily Fedosenko/File Photo 2 related media assets (image or videos) available.

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