Volkswagen AG Chief Executive Officer Herbert Diess has one of the hardest jobs in the global auto industry. He oversees more than 600,000 employees, 10 brands and 120 factories — not to mention VW’s office politics are frequently frightful. In return for dealing with all this, he earns around 10.5 million euros ($11.9 million)...
For decades, a top spot at Goldman Sachs Group Inc. was seen as the pinnacle of money and power. But in today’s era of hyper-wealth creation, the bank’s most senior leaders have come to believe they’re not getting paid enough...
The SEC agreement, announced in September of that year, required Musk to step down from the role and be replaced by an independent chairman for three years. Time flies: the three years are almost up...
Axonics, Inc. (Nasdaq: AXNX), a global medical technology company that is developing and commercializing novel products for the treatment of bladder and bowel dysfunction, today announced the appointment of Esteban López, M.D., MBA, to its board of directors...
Casey’s General Stores, Inc. (NASDAQ: CASY), the third largest convenience retailer and fifth largest pizza chain in the United States, today announced the appointment of Gregory A. Trojan to its Board of Directors...
Clarios, a world leader in advanced energy storage solutions, is pleased to announce that Diarmuid O’Connell and Maryrose Sylvester are joining its Board of Directors as independent directors...
The lead manager behind a global investor campaign to help save the Amazon is redirecting its activism and targeting corporations after Brazil moved “further away” from protecting its forests...
Toshiba Corp. Chairman Osamu Nagayama will seek to convince shareholders Friday he deserves another chance to try and overhaul the 145-year-old nuclear energy to electronics conglomerate...
Prem Watsa’s nemesis is back, and this time he’s urging other shareholders of BlackBerry Ltd. to push the investor out of his longtime board role. Dorsey Gardner, a veteran analyst and fund manager with about 5 million shares of the Canadian software company, said investors should follow the advice of Glass Lewis & Co. and withhold their votes for Watsa as lead director...
Where are all the activist investors? U.S. industrial giants’ clunky structures and lagging returns were like catnip for change-seeking shareholders last decade. Companies ranging from Honeywell International Inc. and General Electric Co. to Dover Corp. and the former United Technologies Corp. faced pressure to break up or otherwise improve their operations...
At the height of the proxy battle led by investment fund Engine No. 1 to name a slate of dissident directors with environmental and energy experience to the board of Exxon Mobil Corp., in March, the oil giant suddenly added two more climate-aware members to its board...
A shareholder advisory firm urged BlackBerry Ltd. investors to vote against Prem Watsa as lead director, arguing that he should be held accountable for an executive compensation plan that isn’t in shareholders’ interests...
SoftBank Group Corp. director Yuko Kawamoto plans to resign from the company’s board in June, removing an outspoken board member who has clashed with controversial founder Masayoshi Son over governance issues...
Carlyle Group Inc. is the latest company to tie compensation of its chief executive officer to the firm’s performance on certain diversity and inclusion goals as corporate America tries to make good on promises to boost underrepresented talent...
Thematic indices make investors feel good. But is simple virtue enough to fatten retirement accounts and support an aging population? ...
Norwegian Cruise Line called 2020 its “most challenging year.” The company lost $4 billion, a half decade’s worth of profit. Shares dropped 56%. Thousands of crew members lost their livelihoods...
Chipotle Mexican Grill Inc.’s five most-senior executives received an additional $64.4 million of awards last year after the company’s board tweaked bonus calculations to exclude abysmal sales from the first few months of the pandemic lockdown...
BP Plc’s board urged shareholders to reject a climate resolution filed by Dutch activist investor Follow This, despite pledging to work with the …
Sweden is usually considered a pioneer in sex equality. It turns out its corporations have become a bit complacent of late, and are starting to fall behind on a key metric...
Governance watchdogs say a firmer response is needed after Sonic Automotive’s David Smith was charged with assaulting a woman...
Three listed companies of China’s HNA Group Co. said shareholders and affiliates misappropriated at least 63 billion yuan ($9.8 billion) of funds, deepening the woes of the indebted conglomerate that’s set to be restructured...
Exxon Mobil Corp. is heading for a proxy showdown after activist investor Engine No. 1 formally nominated four directors to the board of the energy giant, which is facing growing calls to change its strategy...
A group of HSBC Holdings Plc shareholders have filed a resolution urging the bank to cut its support to the fossil-fuel industry...
Elliott Management Corp. has taken a 15.1% stake in Germany’s Rocket Internet SE in a potential challenge to the startup factory’s plan to delist its shares. Rocket’s founding Samwer brothers decided in September to take the company private after recent investments failed to match earlier successes such as Zalando , now one of Europe’s largest fashion retailers, and Lazada , a Southeast Asia-focused consumer electronics company...