France's Atos agreed to acquire U.S.-based Syntel in an all-cash transaction valued at about $3.57 billion, including net debt, the companies said...
The boardroom battle at Papa John’s got a little uglier on Sunday. The pizza chain’s board, looking to further distance itself from the company’s controversial founder , voted on Sunday to adopt a poison pill to keep John Schnatter from gaining a controlling stake in the Louisville, Kent., company, according to a report. The move is expected to be made public on Monday, the report said, citing people familiar with the matter...
Fiat Chrysler CEO Sergio Marchionne's deteriorating health forced the company to replace him on Saturday. The company's president told employees in an emotional letter obtained by CNBC...
PPG (NYSE:PPG) today announced the appointment of Anne M. Foulkes, currently vice president, associate general counsel and secretary, as senior vice president, general counsel and secretary, effective Aug. 1. She will immediately join the company’s operating and executive committees, reporting to PPG chairman and CEO, Michael H. McGarry...
(Reuters) - Japanese companies are increasingly turning to investment banks and public relations firms for advice on dealing with potential approaches by activist investors who are targeting low valuations and cross-shareholdings in the nation...
Papa John's founder John Schnatter has explored a merger with Wendy's, according to The Wall Street Journal. Schnatter, who has been in the news this month for using a racial slur, stepped down as chairman of the board of Papa John's last week but remains its largest shareholder...
(Reuters) - Activist investor John Paulson’s hedge fund on Thursday urged Detour Gold Corp to call a special shareholder meeting to replace a majority of the company’s directors, as it pushes for change at the Canadian gold miner...
CHICAGO, July 19, 2018 /PRNewswire/ -- In a significant shift from the previous year, women have made substantial progress in the boardroom, according to a new report from Heidrick & Struggles (Nasdaq: HSII), a premier provider of executive search, leadership assessment and development, organization and team effectiveness, and culture shaping services globally...
SCOTTSDALE, Ariz., July 19, 2018 /PRNewswire/ -- National homebuilder and developer Taylor Morrison Home Corporation (NYSE: TMHC) today announced the appointment of veteran New York Times executive Denise Warren and former Banana Republic Global President Andrea (Andi) Owen to its board of directors, creating the first majority female board among public homebuilders...
FRANKFURT (Reuters) - Thyssenkrupp should replace Guido Kerkhoff as chief executive with a new external candidate, activist investor Elliott Associates told the company's supervisory board. Kerkhoff was installed as acting chief executive following the resignation of Heinrich Hiesinger earlier this month. Kerkhoff is only an interim solution Elliott said in a letter sent to the company's supervisory board...
Royal Mail shareholders have voted against the firm’s plan for directors’ pay after a row over a salary rise for its new Zurich-based boss. The directors’ remuneration report (DRR) was rejected in a vote declared at its annual general meeting in Sheffield on Thursday, with 70% of proxy shareholders voting against the package...
David Zaslav, Discovery Communications CEO Discovery Communications announced on Wednesday that it has extended CEO David Zaslav’s contract through 2023...
Laundry Service, the media agency accused of extortion by Papa John's Founder John Schnatter, called his claims "disparaging and outrageous" in a memo sent to employees Tuesday...
The boss of Premier Foods has said it is open to selling off some brands ahead of a showdown with activist investor Oasis at the Mr Kipling maker’s annual meeting today. Oasis has called for investors to vote against the re-election of chief executive Gavin Darby after Premier sparked a furious row by opting not to sell off its fast-growing Batchelors brand , but last night Mr Darby told reporters he was open to divestments at the right price...
Thyssenkrupp AG’s labour unions and activist investor Cevian Capital said they should sit down to hash out plans for the company’s future after the shock resignation of chairman Ulrich Lehner. Talks could potentially bridge a contentious divide between investors, who believe ThyssenKrupp needs to streamline its businesses, and unions that want to safeguard jobs...
I have checked with corporate governance experts who tell me that this was not a proper action by the Board," the letter reads. "I will not allow either ...
Hovde Capital calls for a Stop to the Governance Abuses of ORM through management’s use of stall tactics to prevent shareholders from exercising their right to vote. Hovde Capital Advisors issued the following statement: At the Owens Realty Mortgage, Inc. (NYSEAM: ORM) annual meeting of shareholders held on Monday July 16, 2018, the Company announced two unnamed directors would be appointed to the Company’s board, bypassing shareholders’ most basic right of having the ability to elect their directors. ORM’s board has now added three new directors in the midst of a proxy contest, an unheard-of practice. Further ...
Papa John's Founder John Schnatter doubled down on claims he made during a television interview Friday in a letter to the company's board of directors penned Saturday...
German industrial giant Thyssenkrupp on Monday announced the resignation of the chairman of its advisory board after a dispute with shareholders...
Representing $3.5 trillion in assets under management, the institutional investor members of the Thirty Percent Coalition continue to collaboratively promote diversity in the US corporate boardroom. With the addition of 38 companies adding a woman to their board during the past proxy season...
The Securities and Exchange Commission today charged the former CEO of Energy XXI Ltd. with hiding more than $10 million in personal loans that he obtained from company vendors and a candidate for Energy XXI's board...
