First American Financial Corp. won dismissal of a would-be shareholder class action over a 2018 cybersecurity breach, after the U.S. District Court for the Central District of California said the shareholders failed to allege any actionable misrepresentations...
James Mattis, the former US Secretary of Defense and onetime Theranos board member, recounted how he lost confidence in the failed blood-testing startup during his testimony Wednesday in the criminal trial of the company's founder and former CEO Elizabeth Holmes...
Glaxo boss Emma Walmsley GlaxoSmithKline boss Emma Walmsley is facing demands from a second activist investor that she reapply for her own job. Bluebell Capital Partners, a London asset manager, wants a ‘thorough and robust’ process to choose a leader after the pharmaceuticals and consumer businesses are separated...
(Bloomberg) -- U.S. Securities and Exchange Commission Chair Gary Gensler said he is keen to finish a long-stalled requirement to clamp down on Wall Street bonuses when companies report incorrect financial information...
Companies traditionally communicate their sustainability activities to stakeholders through large, comprehensive reports, often running more than 100 pages, that go by a number of different names: Corporate Social Responsibility (CSR), Environmental, Social & Governance (ESG), or Sustainability...
LOS ANGELES, September 21, 2021--(BUSINESS WIRE)--J2 Global, Inc. (NASDAQ: JCOM), announced that its Board of Directors approved its previously announced separation into two independent publicly traded companies – J2 Global, Inc., which will be known as Ziff Davis, Inc. after the separation ("J2," "J2 Global" or "Ziff Davis") and Consensus Cloud Solutions, Inc. ("Consensus")...
With Chinese real estate giant Evergrande teetering on the brink of collapse, the head of the US markets regulator said Tuesday the American financial system is better prepared than it was in 2008 to withstand the possible fallout from a major bankruptcy...
(Reuters) - Twitter Inc (TWTR.N) said on Monday it would pay $809.5 million to settle a shareholder class action lawsuit accusing the social media company of deceiving investors about how often people used its platform...
today remarked on the Company’s latest entrenchment maneuver—a reduction to the size of its Board of Directors (the “Board”) approximately two weeks before the Company’s 2021 Annual Meeting of Shareholders (the “2021 Annual Meeting”)...
Meal-kit company Blue Apron Inc. APRN, -6.15% said Tuesday it is aiming to make a number of corporate governance reforms and will seek to have the board comprised of at least 50% women and 50% people of color following its 2022 annual shareholder meeting...
Federal securities regulators have launched a wide-ranging investigation into Activision Blizzard Inc., including how the videogame-publishing giant handled employees’ allegations of sexual misconduct and workplace discrimination, according to people familiar with the investigation and documents viewed by The Wall Street Journal...
Elliott Management has quietly reduced its position in Masa Son’s SoftBank Group, The Post has confirmed. And the Paul Singer-run hedge fund has made a tidy profit in the process — as much as $500 million, people with knowledge of the matter told The Post. The profit comes even as other investors have likely gotten burned by SoftBank 9984, -4.98% , whose Vision Fund posted an $18 billion loss last year...
(Bloomberg) -- SSE Plc said that no decision has been made to split the company after speculation that activist investor Elliott Investment Management is pushing to break up the utility. “There has been no decision to break up the SSE Group,” the company said in a statement...
The bank, which is by far the biggest shareholder in the company, ... structure and was also not “acting in line with good corporate governance standards”...
SSE plc (LSE:SSE) is close to being split into two separate blue-chip companies following pressure from a Wall Street activist. The Daily Telegraph has learnt that SSE, chaired by former civil service head Sir John Manzoni, could announce the plans in the coming weeks at the company's interim results. Insiders cautioned that the split was yet to be finalised and the board could still decide to sell to one of the businesses to private equity or scrap the plans altogether...
Invesco Ltd. is in talks to merge with State Street Corp.’s asset-management business, people familiar with the matter said...
Stellantis NV said Friday that its Chief Executive Officer Carlos Tavares has decided to leave the board of directors of European plane maker ...
The last few years have seen a sea change in the way companies and their stakeholders think about their role in the community and the wider world. CFOs need to think about "value" differently, says AT&T's CFO...
Shareholder returns are more important for Chevron than investing in wind and solar energy, chief executive Mike Wirth told CNBC in an interview. "These [wind and solar] are technologies that are relatively mature. There is plenty of capital that's available. The returns in wind and solar are actually being bid down, and we've concluded that management in our company can't create value for shareholders by going into wind and solar."
Analysts want action while confidence in management is depleted but activists have no short-term fixes...
(Reuters) - More than half of 530 corporate executives have little or no confidence in the reliability and maturity of their environmental, social and corporate governance (ESG) programs, according to a global survey from corporate governance advocacy non-profit OCEG...
Aside from Jeff Bezos, Mark Zuckerberg and members of Walmart Inc.’s Walton family, no individual has earned more from selling stock in their company over the past year than a used-car magnate from Arizona...
The U.S. Securities and Exchange Commission awarded about $114 million in total to two whistleblowers, including one who provided independent analysis to the regulator that helped substantially advance investigations, the SEC said. With the latest awards, the SEC whistleblower program has paid out more than $1 billion to 207 whistleblowers since issuing its first award in 2012, the agency said. That marks a milestone for the SEC whistleblower program created by the 2010 Dodd-Frank Act...
