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    1. Jerry Brown's Gender-Quotas Bill Faces Legal Hurdles

      Jerry Brown's Gender-Quotas Bill Faces Legal Hurdles

      Gov. Jerry Brown signed legislation Sunday making California the first state to impose gender quotas on corporate boards, but even he acknowledged that the hotly disputed law may never take effect. Senate Bill 826 is expected to be challenged immediately on equal-protection grounds for setting up a quota system that will force publicly held companies to bring on corporate directors based solely on their gender...

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    2. Tesla's Board is So Bad at its Job, it Failed at the One Thing it Says is Paramount — Protecting CEO Elon Musk

      Tesla's Board is So Bad at its Job, it Failed at the One Thing it Says is Paramount — Protecting CEO Elon Musk
      • Tesla's board has repeatedly made clear that it sees its duty as ensuring that Elon Musk remain in a leadership role at the company — not representing shareholders' interests.
      • But Musk's role at Tesla is now in jeopardy, thanks to charges filed against him by the Securities and Exchange Commission in connection with his series of tweets about potentially taking Tesla private.
      • The SEC is seeking to bar him from serving as a director or officer at a public company...
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      Mentions: Leadership CEO SEC
    3. Azealia Banks Reveals Why She Thinks Elon Musk was Right to Settle with the SEC and Who Tesla Should Tap as its New Chairman

      Azealia Banks Reveals Why She Thinks Elon Musk was Right to Settle with the SEC and Who Tesla Should Tap as its New Chairman
      • Azealia Banks tells Business Insider that she is "proud" of Elon Musk's decision to settle with the SEC, paying a $20 million fine and agreeing to step down as chairman.
      • Many theorized that Banks would have testified in the SEC investigation, had Musk not settled, and the rapper said she had already been planning courtroom outfits.
      • "I would have walked up in that courtroom looking like a pussycat," Banks said...
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      Mentions: CEO SEC Alphabet
    4. Dan Loeb Ramps Up Pressure on Campbell Soup, Urges Asset Sales

      Dan Loeb Ramps Up Pressure on Campbell Soup, Urges Asset Sales

      (Bloomberg) -- Dan Loeb, who’s seeking a complete overhaul of Campbell Soup Co.’s board, said the embattled snack maker could fetch as much as $58 per share in a sale and should consider offloading brands like Pop Secret and Pepperidge Farms Frozen Cakes, as he urges significant changes to help modernize the iconic American company...

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    5. Breaking News: General Electric CEO John Flannery is Out

      Breaking News:  General Electric CEO John Flannery is Out

      General Electric head John Flannery is out after just more than a year at the top of the company. He will be replaced as chairman and CEO by  H. Lawrence Culp, Jr.

      GE said it will take a $23 billion goodwill charge for its power business. It also warned that it will miss its 2018 earnings-per-share gudiance.

      GE shares are up more than 10% on the news...

       

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    6. Tesla is Soaring after Elon Musk Settles with the SEC

      Tesla is Soaring after Elon Musk Settles with the SEC
      • Tesla shares were up more than 15% early Monday on the news Tesla CEO Elon Musk had settled fraud charges with the US Securities and Exchange Commission.
      • Musk will neither admit nor deny the allegations, including that he knowingly misled the public, and he has agreed to step down as Tesla's chairman for at least the next three years. Both Musk and Tesla will also pay $20 million fines...
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      Mentions: CEO SEC Tesla
    7. Pfizer's Long-Serving CEO Ian Read is Standing Down and Being Replaced by his Chief Operating Officer

      Pfizer's Long-Serving CEO Ian Read is Standing Down and Being Replaced by his Chief Operating Officer
      • Pfizer announces that CEO Ian Read will stand down from the start of 2019.
      • He will be replaced by Dr. Albert Bourla, who is currently Pfizer's chief operating officer.
      • "It’s been an honor to serve as Pfizer’s CEO for the past eight years," Read said in a statement.

      Ian Read, the long-serving chief executive officer of pharmaceutical giant Pfizer is set to step down, the company announced on Monday...

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    8. Breaking News: California State Law Mandates Female Board Directors by 2019

      Breaking News:  California State Law Mandates Female Board Directors by 2019

      (Reuters) - California will require publicly listed companies with headquarters in the state to have at least one woman on their boards of directors by end of 2019, under a bill signed into law on Sunday. The law would mandate at least two female directors by the end of 2021 if the company has five directors and three women if the company has six or more directors. Violators face fines of at least $100,000 and up to $300,000 for multiple violations of the statute...

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