1. Articles from ABC News

    1-12 of 12
    1. CEO Pay: When Investors Say "Nay" on Spiraling Packages

      CEO Pay: When Investors Say "Nay" on Spiraling Packages

      Shareholders are still voting overwhelmingly in favor of big pay packages for CEOs, but there are more pockets of resistance eight years after "Say on Pay" became a mandatory exercise at annual meetings. Median pay for CEOs at the biggest U.S. companies climbed 7% to $12 million last year, according to data analyzed by Equilar for The Associated Press. The median increase for a typical worker at these companies was 3%. Median means half were larger, and half were smaller...

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    2. Proxy Fight Over GM Stock Heats up Ahead of Annual Meeting

      Proxy Fight Over GM Stock Heats up Ahead of Annual Meeting

      Shares of General Motors are rising as a proxy fight escalates between the company and an activist shareholder who wants to split its shares into two classes. David Einhorn's Greenlight Capital said Tuesday that it's sending a letter to shareholders emphasizing that the stock price has barely grown since GM's initial public offering at $33 seven years ago. GM pointed out last week that two independent, corporate evaluation firms, ISS and Glass Lewis, recommended against the proposal...

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    3. Sotheby's Reaches Deal With Activist Investor Loeb

      Sotheby's Reaches Deal With Activist Investor Loeb

      Auction house Sotheby's says it agreed to expand its board to add directors from activist investor Daniel Loeb's slate.

      Sotheby's will add Loeb, CEO of hedge fund Third Point, as well as former investment banker Olivier Reza and restructuring expert Harry J. Wilson to its slate of directors up for election at its annual shareholder meeting later this month.

      Third Point is Sotheby's largest shareholder with a 9.6 percent stake.

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    4. Martha Stewart Living Names Board Member as CEO

      Martha Stewart Living Names Board Member as CEO

      Martha Stewart Living Omnimedia Inc. has tapped the world of metals to find its next CEO. The New York-based media and merchandising company said it has named board member Daniel W. Dienst, who most recently served as CEO of Sims Metal Management, to take over the post. The role had been vacant since Lisa Gersh stepped down in December after less than a year on the job.

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    1-12 of 12
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