TORONTO (Reuters) - Long-time gold bull John Paulson followed through on Friday on a pledge made last year to team up with other gold investors in an effort to work with management of companies in the gold sector to improve returns, according to the group, called the Shareholders Gold Council...
(Reuters) - SandRidge Energy Inc said on Friday board member and interim Chief Executive Officer Bill Griffin would not be a candidate for the position of CEO but would continue in his role until a successor is appointed. The oil producer in February ousted its chief executive James Bennett after coming under pressure from activist investor Carl Icahn who had objected to his pay and a $746 million bid to buy rival Bonanza Creek Energy Inc late last year...
In connection with the restructuring, the Board accepted the resignation of four directors : Mr. William Hightower, Mr. John Metcalf, Dr. Nam Suh and Mr...
Wells Fargo, the third biggest U.S. bank, has yet to shake a scandal that emerged two years ago when the bank announced it was firing employees for creating fake accounts under a high-pressure sales culture...
(Bloomberg) -- Nestle SA Chief Executive Officer Mark Schneider took another step toward sharpening the food giant’s portfolio, putting the company’s skin-care business with sales of 2.7 billion Swiss francs ($2.8 billion) on the block. The maker of Nescafe and KitKat said Thursday it opened a strategic review of its skin-health unit that should be complete by mid-2019. A sale could fetch as much as 8 billion francs, estimates Alain Oberhuber, an analyst at MainFirst...
For the past 16 years, we have published the Corporate Governance & Executive Compensation Survey—an invaluable resource for anyone ...
After leading the US's largest dealership chain for nearly two decades, AutoNation Chief Executive Mike Jackson will step down from the role next year. Jackson will transition from his current role to executive chairman in 2019...
The decision by the Salesforce chief executive Marc Benioff to buy Time magazine raises the question of the duty that executives have to the companies that made them rich...
VIRGINIA BEACH, Va., Sept. 19, 2018 (GLOBE NEWSWIRE) -- Wheeler Real Estate Investment Trust, Inc. (NASDAQ:WHLR) (“Wheeler” or the “Company”), a fully-integrated, self-managed commercial real estate investment company focused on owning and operating income-producing retail properties with a primary focus on grocery-anchored centers, today announced that Glass Lewis, a prominent proxy advisory firm, has issued its recommendation for shareholders to vote WITH THE COMPANY on its WHITE proxy card in favor of: The reelection of eight members of the Board of Directors, the full slate of the Company’s nominees; Advisory vote on the frequency of executive compensation advisory votes ...
After three months of public wrangling, San Diego -based Sempra Energy announced a truce Tuesday with a group of activist investors who control about 4.9 percent of the company. The most noteworthy aspect of the deal calls for adding two members to Sempra's board that boosts the number from 14 to 16. The new board members, who must be agreed upon by each side, are expected to be named within a few weeks...
A California bill would require companies headquartered in the state to have at least one female board member by 2019. What are the ramifications?...
MOUNTAIN VIEW (dpa-AFX) - Shares of Symantec (SYMC) are seeing notable strength in afternoon trading on Tuesday, with the cybersecurity software company climbing by 4.2 percent to its best intraday level in well over a month.The gain by Symantec comes after the company named three new independent directors to its board who were nominated by activist investor Starboard Value.Copyright RTT News/dpa-AFX...
(Bloomberg) -- The largest U.S. public pension fund is taking a tougher line over executive compensation. The California Public Employees’ Retirement System voted against pay programs this year at 43 percent of the 2,145 U.S. public firms it owns stakes in, up from 18 percent in 2017, the system said Monday. One reason is closer scrutiny, said Simiso Nzima, investment director for corporate governance...
A ctivist investor Paul Singer's Elliott Management is reportedly dropping its $160 per-share bid for Athenahealth, and other potential buyers are said to be reconsidering an offer. Singer might still make a smaller bid, potentially as low as $150 per share, the New York Post reported on Monday. As interest in the firm wanes, Athenahealth extended the final offer deadline to Sept. 27, according to the Post...
SIR Douglas Flint, the Glaswegian former chairman of banking giant HSBC, is taking up a new boardroom role. Intellectual property commercialisation company IP Group announced yesterday that Sir Douglas, a Bachelor of Accountancy graduate from the University of Glasgow , would become its chairman with effect from November 1. He became IP Group’s chairman-elect with effect from yesterday...
In addition to damages, the lawsuit requested corporate governance and compensation policy reforms, repayment of excessive compensation and ...
The U.S. Department of Justice has cleared Cigna 's $52 billion acquisition of Express Scripts , the companies announced in a statement Monday. In combining Cigna, a health insurer, and Express Scripts, a pharmacy benefit manager, the firms say they can improve care for patients and lower health-care costs. Their rivals are growing and pursuing deals of their own as the industry faces increasing costs and growing political pressure and braces for Amazon's entry...
In a recent discussion with chairman, William Manning, it was reassuring knowing he believed our board of directors would prioritize shareholder ...