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    1. Les Moonves is Going to Arbitration to Fight for $120M Payout from CBS

      Les Moonves is Going to Arbitration to Fight for $120M Payout from CBS

      Les Moonves, the former chief executive officer at CBS, notified the company on Wednesday that he is continuing his fight for as much as $120 million in severance.

      The news emerged after CBS released a corporate filing on Thursday that noted Moonves had “notified the Company of his election to demand binding arbitration with respect to this matter. The Company does not intend to comment further on this matter during the pendency of the arbitration proceedings.”...

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    2. Jamie Dimon Gets a Raise to $31 Million After JPMorgan's Record Year

      Jamie Dimon Gets a Raise to $31 Million After JPMorgan's Record Year

      JPMorgan Chase raked in a record profit last year, and chief executive Jamie Dimon is getting a pay hike. The company's board of directors approved a $31 million pay package for 2018 that includes cash and stock awards, according to a public filing. That's 5% more than the banker received last year. JPMorgan is one of the first banks to disclose approved executive compensation for last year...

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    3. Yelp Just Created an Activist Investor

      Yelp Just Created an Activist Investor

      When Yelp (NYSE: YELP) first began to expand its more flexible non-term advertising contracts early last year, the market wasn't quite sure what to think. After all, the new model immediately helped Yelp deliver a beat and raise with record advertiser account additions in the first quarter of 2018 -- but shares fell, as Wall Street remained skeptical if newer advertisers would be willing to stick around for the long haul. Then, three months later, shares skyrocketed after Yelp's exceptional second-quarter results appeared to validate its approach ...

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    4. PayPal Appoints Deborah M. Messemer to Its Board of Directors

      PayPal Appoints Deborah M. Messemer to Its Board of Directors

      PayPal Holdings, Inc. (NASDAQ: PYPL) today announced it has appointed Deborah (Debbie) M. Messemer, CPA, to its board of directors. Ms. Messemer has more than 30 years of experience advising public and private companies and most recently served as the managing partner of KPMG’s Bay Area and Northwest region. Ms. Messemer will serve on the audit, risk and compliance committee of PayPal’s Board. Her appointment was effective January 16, 2019...

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    5. Cars.com Surges as Board Says Potential Sale in Play Following Activist Pressure

      Cars.com Surges as Board Says Potential Sale in Play Following Activist Pressure

      Cars.com ( CARS ) shares surged Thursday after the online car shopping service said it may explore a sale of the company, just weeks after activist investor Starboard Value pressed management to improve performance. Starboard Value, which owns around 9% of the Chicago-based group, told management in a letter published on December 10 that Cars.com had been losing customers for the past two years, leading to a decline in organic revenues...

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    6. PG&E Spikes After a Hedge Fund Challenges its 'Damaging, Avoidable, And Unnecessary Bankruptcy'

      PG&E Spikes After a Hedge Fund Challenges its 'Damaging, Avoidable, And Unnecessary Bankruptcy'
      • PG&E said Monday it intends to file bankruptcy petitions under Chapter 11, in order to protect the best interests of all stakeholders.
      • Hedge fund BlueMountain Capital Management, one of its biggest shareholders, challenged its plan to seek bankruptcy protection, saying it's "damaging, avoidable, and unnecessary."
      • PG&E has seen its value plunge by 85% after last November's deadly California wildfire...
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    7. Nissan May Abolish Chairman Role as It Rebuilds, Director Says

      Nissan May Abolish Chairman Role as It Rebuilds, Director Says

      (Bloomberg) -- Two months after the arrest of its chairman stunned Nissan Motor Co. and the entire global automotive industry, the carmaker is weighing abolishing the role altogether as it steps up reforms to rebuild its governance. Carlos Ghosn’s downfall, with the auto titan accused of financial crimes that could put him behind bars for decades, saw Nissan swiftly dismiss him as chairman, leaving the carmaker he once saved from the brink of collapse with a leadership vacuum at the board level...

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    8. Benefitfocus (BNFT) Announces Ana White to Board

      Benefitfocus (BNFT) Announces Ana White to Board

      Benefitfocus, Inc. (NASDAQ: BNFT) today announced the addition of Ana White to its already distinguished Board of Directors. As a newly appointed independent director, she will also serve on the Board's Nominating and Governance Committee (along with directors A. Lanham Napier (Chair) and Douglas A. Dennerline) and Compensation Committee (along with directors Stephen M. Swad (Chair), Douglas A. Dennerline, and Francis J. Pelzer V)...

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    9. Everbridge Appoints Former Gannett Division President and Web.com CEO Sharon Rowlands to its Board of Directors

      Everbridge Appoints Former Gannett Division President and Web.com CEO Sharon Rowlands to its Board of Directors

      BURLINGTON, Mass.--(BUSINESS WIRE)--Everbridge, Inc. (NASDAQ:EVBG), the global leader in critical event management and enterprise safety applications to help keep people safe and businesses running, today announced the appointment of Sharon Rowlands to the Everbridge Board of Directors. Rowlands has more than 30 years of experience leading multi-billion dollar companies across the industries of financial services, media and information, and digital marketing. Rowlands has served as CEO and President of Thomson Financial, as Division President at Gannett, and has recently been appointed Chief Executive Officer and President at Web.com Group...

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    10. Hedge Fund Can Give Olympus a Clearer Focus

      Hedge Fund Can Give Olympus a Clearer Focus

      (Bloomberg Opinion) -- Can you teach an old dog new tricks? Olympus Corp. investors appear willing to bet so. Shares of the camera and medical-device maker, which was mired in a $1.7 billion accounting scandal in 2011, have surged to their highest in almost three years after the Japanese company announced a leadership and board shakeup in response to pressure from U.S. hedge fund ValueAct Capital Management LP...

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    11. Does Board Diversity Improve Corporate Performance?

      Does Board Diversity Improve Corporate Performance?

      The push to increase the percentage of women on corporate boards is reflected in a study published Wednesday by the Alliance for Board Diversity and Deloitte. Among Fortune 500 firms, the study finds that in 2018, women held 22.5% of board positions, an increase from 20.2% in 2016. Among Fortune 100 firms, women in 2018 held 25% of board seats, up from 23% in 2016...

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    12. Cracker Barrel (CBRL) Announces Carl Berquist to Board

      Cracker Barrel (CBRL) Announces Carl Berquist to Board

      Cracker Barrel Old Country Store® (NASDAQ: CBRL) today announced that Carl Berquist has been elected to the company's Board of Directors, effective immediately. Mr. Berquist is the former Executive Vice President and Chief Financial Officer of Marriott International, Inc., a position from which he retired in December 2015...

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    13. Sears Avoids Liquidation as Eddie Lampert Wins Bankruptcy Auction

      Sears Avoids Liquidation as Eddie Lampert Wins Bankruptcy Auction
      • Sears chairman Eddie Lampert has reportedly won a bankruptcy auction to keep the 126-year-old retailer from liquidating.
      • Lampert's bid will keep about 400 stores open and retain 50,000 jobs.
      • "While there is no doubt that a shrunken Sears will be more viable than the larger entity which struggled to turn a profit, we remain extremely pessimistic about the chain's future," said Neil Saunders, CEO of GlobalData Retail...
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    14. Corporate Boards Pick Up the Pace at Diversifying, Study Finds

      Corporate Boards Pick Up the Pace at Diversifying, Study Finds

      NEW YORK — America’s largest companies added women and minorities to their boards of directors at a faster pace over the past two years, a period when sexual harassment scandals thrust workplace equality into the spotlight, a study shows. The rate of change remains slow, but minorities are making visible gains for the first time in many years, according to the 2018 Board Diversity Census, released Wednesday by the Alliance for Board Diversity and the consulting firm Deloitte...

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    15. A $57 Million Pay Dispute Sees Andrea Orcel get Dumped as New Santander CEO Before Even Getting Started

      A $57 Million Pay Dispute Sees Andrea Orcel get Dumped as New Santander CEO Before Even Getting Started
      • Santander said late on Tuesday that it will no longer be appointing UBS executive Andrea Orcel as its new CEO.
      • The Spanish banking giant said that the level of compensation that was required to hire Orcel was "unacceptable."
      • The sticking point in bringing Orcel to Santander was years of compensation that had previously been deferred by UBS, which, owing to his departure, the Swiss bank was reluctant to pay...
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