A large majority (69%) of boards of directors (BoDs) accelerated their digital business initiatives in the wake of COVID-19 disruption, according to a new survey from Gartner...
Apple CEO Tim Cook received his largest stock grant since 2011, which will compensate him with large slugs of stock through 2025, according to an SEC filing on Tuesday...
The COVID-19 pandemic has brought substantial layoffs to Walt Disney Co.'s massive theme park operations and other units. The Burbank-based company said Tuesday that it would lay off 28,000 domestic employees at its parks, experiences and products division, which includes Disneyland Resort and Disney California Adventure Park in Anaheim and Walt Disney World in Orlando, Fla...
Activist investor Jonathan Litt filed with regulators Tuesday to call a special meeting at Apartment Investment & Management Co. so shareholders can have a say on its plans to split its business into two parts. The move to seek support for a vote comes after Aimco ignored the investor’s request to hold a shareholder vote on the matter, which will see the company broken up into a real estate investment trust and a development company...
Engie SA shareholder Amber Capital on Tuesday encouraged the French energy company to accept Veolia Environnement SA's approach for its stake in Suez SA, arguing that the disposal was a good opportunity and raising concerns over the methods employed by Suez's management...
TOKYO - A Nissan employee testified Tuesday that he worked with another former Nissan executive, American Greg Kelly to find ways to pay the automaker’s former chairman, Carlos Ghosn without fully disclosing his compensation. Toshiaki Ohnuma, a star witnesses for the prosecution, described to the Tokyo District Court his job in human resources at Nissan Motor Co., where he said he handled executive compensation matters...
Billionaire investor Nelson Peltz resigns as Aurora advisor Billionaire activist investor Nelson Peltz is out as senior advisor to Aurora Cannabis , resigning to pursue other commitments. Peltz first joined Aurora in March 2019 under a senior advisory services agreement where he was tasked with helping the company devise a strategy to marry its cannabis business with the U.S. consumer market...
Boeing Co.’s board is accused of failing to properly oversee management’s responses to two fatal 737 MAX crashes and the plane’s safety problems in a shareholders’ lawsuit that cites internal company documents...
Alphabet has reached a settlement on a shareholder lawsuit that accused the board of allegedly mishandling sexual misconduct by its executives. Execs will not be able to receive severance or amend their stock sale plans while they are while they are subject to investigations or a lawsuit for sexual misconduct, according to a summary of the settlement provided by the plaintiffs’ attorneys...
Tokyo, Sept. 25 (Jiji Press)--Toshiba Corp.'s top shareholder has asked the machinery and electronics maker to set up a third-party panel to examine an error in vote-counting for a general shareholders meeting, it was learned Friday. The top shareholder, Effissimo Capital Management Pte., set up by former colleagues of activist investor Yoshiaki Murakami, made the request in a letter to Toshiba, dated Wednesday...
Veritas Capital needs no introduction in this space given their status as one of the most active private equity buyers and sellers in the government market...
Fox CEO Lachlan Murdoch’s compensation totaled $29.15 million for the fiscal year ended in June, down sharply from $42.11 million the year before...
The message was resoundingly clear from top executives and professionals: If your company is having trouble finding qualified minority candidates for top roles, it’s because you’re not looking...
(Bloomberg) -- JPMorgan Chase & Co. is poised to pay close to $1 billion to resolve market manipulation investigations by U.S. authorities into its trading of metals futures and Treasury securities, according to three people with knowledge of the matter.
The U.S. Securities and Exchange Commission has approved amendments to the rules governing monetary awards made to whistleblowers who voluntarily report potential wrongdoing. Commissioners voted 3-2 Wednesday to approve the amendments , with Democratic members Allison Herren Lee and Caroline Crenshaw opposing...
Wells Fargo & Co Chief Executive Officer Charles Scharf has apologized for making insensitive remarks around race and diversity, seeking to quell a row over his references to a shortage of talent among minority groups. Reuters reported on Tuesday that Scharf had exasperated some Black employees in a Zoom meeting this summer when he reiterated that the bank had trouble reaching diversity goals because there were not enough qualified minority candidates...
Wells Fargo chief executive Charles Scharf exasperated some black employees in a Zoom meeting this summer when he reiterated that the bank had trouble reaching diversity goals because there was not enough qualified minority talent, two participants told Reuters. He also made the assertion in a company-wide memo June 18 that announced diversity initiatives as nationwide protests broke out following the death of George Floyd , an unarmed African American man, in police custody...
Trian Management confirmed a stake in media giant Comcast. The two sides are engaged in conversations. An activist campaign is unlikely to play out...
International Center for Strategic Planning ("ICFSP") proudly announces that Diversity MBA Magazine recognized Sherrin Ross Ingram , Chief Strategy Officer of ICFSP, as a Top 100 Women of Influence...
Women account for more than a third of board members across the UK’s top 350 companies for the first time, new figures show – yet four in 10 of the businesses failed to reach the target. Representation of women in the FTSE 350 has risen by 3.8% in the last year, but 19 of the FTSE 250 companies have just one female board member...
Activist investors who buy up to 10% of a company’s shares won’t need to first get U.S. antitrust approval for the purchases under a new proposal by competition regulators...
Top U.S. asset managers BlackRock Inc and JPMorgan Chase & Co were divided in their support of climate-related proxy resolutions at corporate meetings this year, two analyses showed on Tuesday, underscoring the industry's mixed appetite for the vehicles ahead of a key rulemaking. Both studies - done by climate-focused shareholder organizations - found BlackRock continued to offer little backing to resolutions asking companies for steps like setting emissions targets or lobbying reports...