SEC Awards Half-Million Dollars to Overseas Whistleblower 138 23, announced a half-million dollar award to an overseas whistleblower whose expeditious reporting helped the Commission bring a successful enforcement action. “The Commission’s whistleblower award program has reached an important milestone,” said Jane Norberg, Chief of the SEC’s Office of the Whistleblower...
Former Prime Minister of France Dominique de Villepin has been appointed member of the Board of Directors of the Armenian National Interests Fund ...
Private equity firm Catalyst Capital Group Inc. is offering to purchase up to $150 million (US$114 million) worth of shares of Hudson’s Bay Co. ( HBC.TO ) as it builds a stake in the Canadian retailer in an effort to thwart a proposed takeover of the company. The Toronto-based firm said in a statement Monday it was was prepared to pay $10.11 per share in cash for up to roughly 14.8 million common shares...
Occidental's Board comprises ten highly qualified directors, nine of whom are independent, and all of whom bring meaningful expertise across a ...
NEW YORK – New York Attorney General Letitia James today announced that she has co-led a coalition of 50 Attorneys General in reaching the largest data breach settlement in history with Equifax Inc., as a result of an investigation into the company’s massive ...
(Reuters) – Activist investor Cat Rock Capital has cut its stake in Staffline Group Plc (L:) by more than half, an official filing showed on Monday, less than a month after the British recruiter swung to a 2018 loss as it booked a charge for potential fines for underpaying workers...
Today, we learn that WeWork CEO Adam Neumann has cashed out more than $700 million from the company ahead of its IPO via a mix of stock sales and debt, according to The Wall Street Journal. He has reportedly sold some of his stake in the company and borrowed against some of his holdings.The story notes that Neumann recently set up a family office to invest the proceeds and has begun to hire financial professionals to run it....
Billionaire investor Carl Icahn has filed a formal solicitation statement with the U.S. Securities and Exchange Commission, taking another step in seeking to replace four directors at Occidental Petroleum , alleging the company's board mismanaged its $38 billion deal to buy Anadarko Petroleum...
LONDON (Reuters) - Activist investor Edward Bramson is resigning from the board of Electra to focus on other commitments after leading a four-year transformation of the British private equity firm. Bramson, who has served as a director since 2015, was also the company's Chief Executive between 2016 and 2017, and was chiefly responsible for a sweeping overhaul of the firm's investment portfolio and governance...
D e La Rue has hit back at activist investor Crystal Amber’s threats to oust the banknote and passport printer’s chairman at next week’s annual meeting as “precipitous and destabilising” for the company. Crystal Amber - De La Rue’s third-biggest investor with a 6.3pc stake - warned the company on Tuesday it would call a special meeting unless chairman Philip Rogerson stepped down on or before the July 25 annual meeting...
Mahindra Group Chairman Anand Mahindra has said he would ban plastic bottles from corporate boardrooms, after a Twitter user pointed them out in a photo of a meeting shared by him. Anand Mahindra replied to a woman who pointed out the plastic bottles at a boardroom meeting in the picture. "The K.C.M.E.T scholarship selections are amongst the most energising engagements in my calendar...
(Reuters) - Activist investor Elliott has taken a position in Britain's Saga Plc , less than a month after the specialist tourism and insurance firm warned that discounting was taking a heavy toll on its tours business. Elliott Capital Advisors disclosed a 5.14% stake in Saga as at July 12, a filing showed on Wednesday...
Believes Recent Governance Steps Taken by Company Have Been Reactionary and Fall Short of the Change Urgently Required –. Today Land and ...
Billionaire investor Carl Icahn ( Trades , Portfolio ), who leads New York-based Icahn Capital Management, disclosed last week he upped his Hertz Global Holdings Inc. ( NYSE:HTZ ) stake by 68.83% to a total 40.9 million shares...
Uber’s workforce may still be mostly white men, but the company says it is taking new measures to diversify its staff, especially managerial roles. The newly public ride-hailing company released on Monday its latest diversity report, which included a breakdown of its US workforce by race or ethnicity and gender. White men still make up the majority (30.1%) of its staff, a pattern that is even more evident in leadership, tech, and leadership in tech roles...
Accenture has named Julie Sweet as its new chief executive officer, replacing interim CEO David Rowland, who stepped in after the death of Pierre Nanterme in January. Rowland will become executive chairman...
After sparring for months with HomeStreet (NASDAQ: HMST ), Blue Lion Capital agrees to sell all of its 1,692,401 shares of HomeStreet common stock to the company for $31.16 per share. Per-share price represents a 5.9% premium to HomeStreet's closing price of $29.43 yesterday. Blue Lion agrees to certain standstill provisions for three years...
The move heads off a potential showdown with investors at the company’s annual shareholder meeting on July 23. Institutional Shareholder Services, one of the most influential proxy advisers, had recommended that Vodafone shareholders reject the company’s remuneration report. Vodafone’s decision reflects growing scrutiny over high executive pay...
FRANKFURT/BOSTON, July 10 (Reuters) - Elliott Management Corp has invested more than rivals in its push for corporate change so far this year and there has been an increasing focus among activist investors on German companies. Elliott, Paul Singer's $35 billion hedge fund, committed $3.4 ...
... the parent company of IndiGo has alleged irregularities in related party transactions (RPT), violations of several corporate governance resolutions ...
Nearly three years after Dowling College filed for bankruptcy, a trustee for the institution’s creditors has filed suit against the school’s trustees and two former officials, alleging years of “waste, mismanagement and breach of fiduciary duty.”...