1. Articles from The Canadian Press

    1-5 of 5
    1. Activist Investor Pushing for New Board of Directors at Hudbay Minerals

      Activist Investor Pushing for New Board of Directors at Hudbay Minerals

      TORONTO - An activist investor in Hudbay Minerals Inc. ( HBM.TO ) says it will push for a new slate of directors at the company's next annual meeting after accusing the board of mismanagement. Waterton Global Resource Management Inc. said it is advocating for change at the mining company to address “massive value destruction and chronic underperformance.” The investment fund, holding about 10 per cent of Hudbay shares, said it pushed for dialogue with the company in October on potential changes to the board but was disappointed with the response. Waterton has also pushed to halt Hudbay's plans, announced at ...

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    2. HBC Faces Shareholder Blowback Over Exec Pay

      HBC Faces Shareholder Blowback Over Exec Pay

      TORONTO -- Hudson's Bay Company faced a fight from some of its most prominent investors Tuesday over its decision to award executives with multi-million-dollar pay packages despite two years of weak sales and sizable losses for the retailer. The Ontario Teachers' Pension Plan, British Columbia Investment Management Corp. and the California Public Employees' Retirement System (CalPERS) said they voted against the company's remuneration practices that include a $54.8 million pay package for the retailer's executive chairman Richard Baker. The "say on pay" vote -- a non-binding motion that is growing in popularity at Canadian companies and aimed at ...

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    3. Activist Clearwater Capital Pushes for Strategic Review at AutoCanada

      Activist Clearwater Capital Pushes for Strategic Review at AutoCanada

      TORONTO - An activist investor wants AutoCanada Inc. to launch a strategic review to explore options for the auto dealership group including a possible sale. In an open letter to the chairman of AutoCanada, Clearwater Capital Management president Roland Keiper raised concerns about how the company has been performing and suggested AutoCanada may be an attractive acquisition target...

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    4. Bombardier Executive Pay Rises to US$33.4M in 2017

      Bombardier Executive Pay Rises to US$33.4M in 2017

      MONTREAL -- Bombardier's executive compensation rose seven per cent to US$33.4 million in 2017, according to a circular released ahead of the company's May 3 annual meeting. The increase comes after a year marked by improved results, but also by the Airbus takeover of the C Series program without the company having to pay a single cent...

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    5. 'It's insufficient': Bombardier CEO Asks Board to Defer Executive Pay Raises Amid Public Outcry

      'It's insufficient': Bombardier CEO Asks Board to Defer Executive Pay Raises Amid Public Outcry

      MONTREAL -- Bombardier further retreated Sunday on a hefty pay increase to six senior executives, announcing they would defer receiving payment on a sizeable chunk until a later time. A statement from company President and CEO Alain Bellemare late Sunday said he has asked the transportation giant's board of directors to defer more than half of the US$32.6 million the executives received in compensation in 2016 until 2020...

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    1-5 of 5
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    'It's insufficient': Bombardier CEO Asks Board to Defer Executive Pay Raises Amid Public Outcry Bombardier Executive Pay Rises to US$33.4M in 2017 Activist Clearwater Capital Pushes for Strategic Review at AutoCanada HBC Faces Shareholder Blowback Over Exec Pay Activist Investor Pushing for New Board of Directors at Hudbay Minerals Governance Poor at Nissan, Says Committee Set Up to Study Ghosn Scandal MoviePass Executives are Making One More Last-Ditch Effort to Save the Stock From Being Delisted Bandera Partners Issues Letter to Luby’s Stockholders New Poll Finds Disruptive Innovations as Top Issue on the Minds of Corporate Directors How to Fix Unhealthy Concentration of Corporate Voting Power Pernod Ricard says it is Seeking to Improve Governance Les Moonves is Going to Arbitration to Fight for $120M Payout from CBS