The boards of Mondelez International Inc. and Fiserv Inc.shrank by three directors in May. At CVS Health Corp., there were two fewer directors -- adding to the almost 100 board members at S&P 500 companies who weren’t replaced last month...
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 Sri Donthi to its Board of Directors, bringing the number of directors from ten to eleven...
Zilingo Pte’s board of directors is weighing options for the embattled Singapore startup after a financial adviser to the company said liquidation is the most viable solution and its co-founder presented an 11th-hour pitch for a management buyout...
AMC Entertainment Holdings Inc. shareholders rejected the company’s proposed executive pay plan at its annual meeting Thursday, a rare rebuke of a management team that collected tens of millions of dollars last year...
Macellum Advisors GP, LLC (together with its affiliates, “Macellum” or “we”), a long-term holder of nearly 5% of the outstanding common shares of Kohl’s Corporation (NYSE: KSS) (“Kohl’s” or the “Company”), today issued the following statement regarding the Company and its Board of Directors (the “Board”) attributable to its Managing Partner, Jonathan Duskin...
Activist investor Macellum Capital Management’s bid for a board overhaul of Kohl’s Corp. is expected to be rejected by investors on Wednesday...
You can tell a simple story about Elon Musk’s pending acquisition of Twitter Inc. that goes like this. Musk offered Twitter $54.20 per share in cash. Twitter’s board of directors consulted some bankers, who told them that the market price of Twitter’s stock was lower than $54.20, and that it would likely stay lower in the near future, due to Twitter not making all that much money...
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...