Articles in category: BoardNews

1. How Renault-Nissan Chairman Carlos Ghosn Went From "Le Cost Killer" to Alleged Pay Cheat

   Explore Breaking News Headlines 8 hours, 41 min ago BoardNews

   

   Carlos Ghosn, one of the world's best-known chief executives, is now in the spotlight after a sudden reversal of fortune. Ghosn, 64, will be dismissed from his role as chairman of Japan's Nissan after an internal investigation found he underreported his income and engaged in other "significant misconduct." Tokyo prosecutors arrested him Monday for violations of financial law...

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   Mentions: CEO bankruptcy Japan

2. Panalpina's Chairman to Leave in May; Activist Had Demanded He Quit

   Explore SHARENET 13 hours, 10 min ago BoardNews

   

   (Reuters) - Swiss logistics company Panalpina said on Monday that Chairman Peter Ulber would not stand for re-election at the next annual general meeting in May. The air and sea freight company has come under pressure to change its chairman from activist shareholder Cevian Capital, which has a 12.3 percent stake...

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   Mentions: Activist Investors stake Chairman

3. This London Fund Made a $113 Million Short Bet on Renault Before it Tanked 14%

   Explore Business Insider 16 hours, 33 min ago BoardNews

   

   • Merian Investors placed a bet on Renault's shares falling on October 30, according to regulatory filings.
   • Renault's shares dropped as much as 14% Monday after its CEO was arrested over financial misconduct allegations.

   London-based Merian Investors, formerly Old Mutual Global Investors, made a sizeable bearish bet on Renault before the stock tumbled...

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   Mentions: Investors CEO Bloomberg

4. The Latest: Renault Board to Meet After Ghosn Arrest

   Explore GreenwichTime.com 17 hours, 19 min ago BoardNews

   

   French carmaker Renault says it will defend its interests within its alliance with Nissan after the arrest of Carlos Ghosn, who spearheaded their union and is Renault's CEO.

   Renault said in a statement Monday that its board will hold an emergency meeting "shortly."...

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   Mentions: Conference CEO bankruptcy

5. Activist’s Coup Leaves Billionaire Bollore Reeling

   Explore The Washington Post 19 hours, 50 min ago BoardNews

   

   It will be tough for Vivendi to regain the upper hand at Telecom Italia after Elliott successfully pushed for the ouster of the carrier’s CEO...

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   Mentions: Opinion Management CEO

6. Breaking News: In a Shocking Development, Nissan Chairman Carlos Ghosn Has Reportedly Been Arrested

   Explore Business Insider 19 hours, 59 min ago BoardNews

   

   Carlos Ghosn, a legend in the auto industry has reportedly been arrested. The longtime leader of the Renault-Nissan alliance allegedly engaged in misconduct, CNN reported. Ghosn has been considered one of the most effective leaders of the past two decades in the car business...

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   Mentions: Boeing New York Times Chairman

7. Read the Full Statement from Nissan Regarding Allegations Against Chairman Carlos Ghosn

   Explore CNBC.com 20 hours, 5 min ago BoardNews

   

   Here is the full statement from Nissan regarding allegations against Chairman Carlos Ghosn and Representative Director Greg Kelly...

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   Mentions: Japan stock options Allegations

8. Telecom Italia Shares Are Up After Board Appoints New CEO

   Explore Stock Market Quotes and News 20 hours, 53 min ago BoardNews

   

   Telecom Italia shares rose slightly Monday after the company named Luigi Gubitosi as its new chief executive officer Sunday to replace recently-ousted CEO Amos Genish. Mr. Gubitosi joined Telecom Italia as an independent board member in May 2018. He was appointed an extraordinary commissioner of Alitalia SpA in May 2017 and previously served as CEO of Italy's Wind Telecomunicazioni SpA and general manager of Italian state broadcaster RAI Radiotelevisione Italiana...

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   Mentions: Management CEO stake

9. Nissan Plans to Oust Chairman Carlos Ghosn Over Allegations of Serious Misconduct

   Explore CNBC.com 21 hours, 21 min ago BoardNews

   

   Nissan said its Chairman Carlos Ghosn is under investigation after he allegedly violated Japanese financial law...

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   Mentions: stock options Allegations investigation

10. British Tech 'Unicorn' The Hut Group‎ Launches Board Shake-Up

    Explore Sky News Nov 19 2018 BoardNews

    

    The Hut Grou‎p, the online beauty retailer which is one of Britain's biggest technology companies, will this week announce a board shake-up including the departure of its chairman. Sky News has learnt that The Hut Group will say on Tuesday that Matthew Moulding, its founder ...

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    Mentions: Technology Facebook Sky

11. J. Crew CEO James Brett Steps Down After 16 Months in Role

    Explore fortune.com Nov 18 2018 BoardNews

    

    J. Crew Group Inc. CEO James Brett is stepping down after reaching an agreement with the clothing store chain’s board of directors, the company announced.

    His tenure as chief executive was brief. He replaced Mickey Drexler last summer amid declining sales and onerous debt payments...

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    Mentions: CEO Chairman J. Crew

12. Telecom Italia Is Said Ready to Name Luigi Gubitosi as CEO

    Explore BNN Bloomberg Nov 17 2018 BoardNews

    

    (Bloomberg) -- Telecom Italia SpA is set to name former Merrill Lynch banker Luigi Gubitosi as its new chief executive officer after Amos Genish was ousted this week by allies of an activist shareholder, according to people familiar with the matter. The 10 directors who are backed by Elliott Management Corp. agreed on Gubitosi during a conference call they held Saturday, the people said, asking not to be named since the discussions are confidential...

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    Mentions: Conference Management CEO

13. PG&E Review May Include Board Shakeup, California Regulator Says

    Explore San Francisco Chronicle Nov 16 2018 BoardNews

    

    On Thursday, Picker said in a statement his agency will examine “the corporate governance , structure and operation of PG&E, including in light of the ...

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    Mentions: Investors Citigroup bankruptcy

14. PG&E Has Lost Half its Value This Week as Shareholders Fear Utility's Role in California Wildfires

    Explore boardprospects.com Nov 16 2018 BoardNews

    PG&E shares plummet after company discloses ‘electric incident’ just before California wildfires from CNBC.

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    Mentions: Majority Shareholders PG&E AMP

15. Barclays Faces Expulsion From European Blue-Chip Index on Brexit Bloomberg

    Explore BNN Bloomberg Nov 16 2018 BoardNews

    

    (Bloomberg) -- The steepest annual decline in Barclays Plc’s shares in seven years is putting the British bank in danger of losing its coveted place in the Stoxx Europe 50 index. The lender, which has come under pressure from an activist investor to shrink its trading business, has lost about 17 percent of its market value this year as Brexit-related fears weigh on U.K. banks...

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    Mentions: Barclays Bloomberg Brexit

16. Investor Drops Case Against Dell's VMware Stock Swap Deal

    Explore crn.com Nov 16 2018 BoardNews

    

    Activist investor Carl Icahn is throwing in the towel in his lawsuit against Dell Technologies, saying the litigation is "unwinnable" following a new VMware stock swap deal Dell unveiled Thursday which sweetened the offer for shareholders. "In connection with the revised deal, it appears that stockholders representing 17 percent of the stock have decided to switch over and support Dell...

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    Mentions: Management Delaware Carl Icahn

17. Bombardier Executive Stock Plan Under the Microscope by Securities Regulator

    Explore Winnipeg Free Press Nov 15 2018 BoardNews

    

    MONTREAL - Quebec's financial market regulator is reviewing Bombardier Inc.'s executive compensation plan, calling on the plane-and-train maker to suspend all related trades just hours after Quebec's premier expressed lukewarm hopes about the future of the beleaguered company's commercial aerospace operations. The Autorite des marches financiers is reviewing how Bombardier implemented its Automatic Stock Disposition Plan, rolled out last August...

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    Mentions: Executive Compensation Bombardier plane

18. ISS Rules for New Campbell Board Members

    Explore ww2.cfo.com Nov 15 2018 BoardNews

    

    “Given the board’s subpar oversight of critical issues such as M&A and succession planning, shareholders may wonder whether the incumbent board is capable of steering Campbell back on track in a timely manner,” says ISS in the ruling. Campbell returned about 19% to shareholders over the last two years, while the S&P 500 has nearly tripled. At one point Loeb proposed replacing all 12 board members, but he backed off that request in the last few days...

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    Mentions: CEO Succession Planning Women on Boards

19. Facebook's Board is Throwing Public Support Behind Mark Zuckerberg and Sheryl Sandberg

    Explore Recode Nov 15 2018 BoardNews

    

    Facebook's board of directors issued a public statement defending the company's efforts in fighting Russian election meddling efforts following the ...

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    Mentions: CEO Facebook Mark Zuckerberg

20. Improving Proxy-Voting System Discussed At SEC Roundtable

    Explore Pensions & Investments Nov 15 2018 BoardNews

    

    ... and work this out," said Darla Stuckey, president and CEO of the Society of Corporate Governance , which represents about 1,000 public companies...

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    Mentions: Corporate Governance Public Companies Investors

21. MoviePass' Owner Lost $130 Million Last Quarter, as it Saw a 'Significant Decline' in Subscribers and 2 More Board Resignations

    Explore Business Insider Nov 15 2018 BoardNews

    

    • MoviePass' owner, Helios & Matheson Analytics (HMNY), reported a loss of $130 million for the three months ending September 30, according to its third-quarter filing with the Securities and Exchange Commission.
    • It also noted that MoviePass has suffered a "significant decline" in subscriptions due to unpopular changes.
    • Two board members resigned in October the day after HMNY announced that it was planning to branch off MoviePass into its own publicly traded company...

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    Mentions: Resignation AMP MoviePass

22. Dell Technologies: Sweetens VMware Offer with Higher Price, Board Seat

    Explore Stock Market Quotes and News Nov 15 2018 BoardNews

    

    (Reuters) - Dell Technologies on Thursday raised its offer to buy back shares tied to its interest in software maker VMware to $120 per share, still way short of the $300 price suggested by activist investor Carl Icahn. The computer maker in July offered to pay $21.7 billion, or $109 per share, in cash and stock to buy back shares tied to its interest in VMware, returning the computer maker to the stock market without an initial public offering...

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    Mentions: Management Stock Market IPO

23. Bernie Sanders Targets Walmart: Bill Would Block Stock Buybacks Unless Workers Get $15 Minimum Wage

    Explore Yahoo! UK & Ireland Finance Nov 15 2018 BoardNews

    

    In his latest broadside against big business, Sen. Bernie Sanders, I-Vt., is introducing a bill Thursday that would prevent large companies from buying back stock unless their employees are paid at least $15 an hour. The proposal is aimed squarely at the nation's largest bricks-and-mortar retailer: Walmart, which announced earnings Thursday that beat analysts' expectations though revenue missed forecasts...

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    Mentions: CEO Amazon Walmart

24. Bipartisan Senate Bill Would Regulate Proxy Advisors

    Explore insurancejournal.com Nov 15 2018 BoardNews

    

    Six U.S. senators on Wednesday introduced a bill that would require the U.S. securities watchdog to directly regulate firms such as Glass, Lewis & Co and Institutional Shareholder Services, which advise investors on how to vote in corporate elections...

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    Mentions: Proxy Advisory Investment Corporate Governance

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People in the News

1. (59 articles) Chairman
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4. (6 articles) Elon Musk
5. (5 articles) Citigroup
6. (4 articles) Executive Compensation
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8. (4 articles) Dan Loeb
9. (3 articles) Dividend
10. (3 articles) Wells Fargo
11. (2 articles) Nelson Peltz
12. (2 articles) Jamie Dimon

Organizations in the News

1. (30 articles) Bloomberg
2. (19 articles) AMP
3. (10 articles) Elliott Management
4. (10 articles) Conference
5. (9 articles) BlackRock
6. (8 articles) JPMorgan
7. (7 articles) Campbell Soup
8. (7 articles) Facebook
9. (7 articles) Technology
10. (7 articles) Third Point
11. (7 articles) Dell
12. (6 articles) Telecom Italia

Locations in the News

1. (63 articles) CEO
2. (31 articles) Management
3. (26 articles) Investors
4. (20 articles) Investment
5. (9 articles) Corporate Governance
6. (9 articles) Activist Investors
7. (5 articles) Hedge Fund
8. (3 articles) Public Companies
9. (3 articles) Stock Market
10. (2 articles) Annual Meeting
11. (2 articles) Opinion
12. (1 articles) Succession Planning

Subjects in the News

1. (30 articles) stake
2. (16 articles) California
3. (15 articles) Wall Street
4. (13 articles) acquisition
5. (12 articles) Bank
6. (11 articles) risk
7. (11 articles) stock options
8. (10 articles) Delaware
9. (10 articles) investigation
10. (9 articles) crisis
11. (8 articles) earnings
12. (7 articles) Founder