Twitter, Inc. (NYSE: TWTR) today announced that it has entered into a binding agreement to settle the shareholder derivative lawsuits pending...
NEW YORK (Reuters) - Leon Black said on Monday he would step down as chief executive at Apollo Global Management Inc, following an independent review of his ties to the late financier and convicted sex offender Jeffrey Epstein...
(Bloomberg) -- Dr. Martens owner Permira Holdings and other shareholders are looking to raise as much as 1.3 billion pounds ($1.8 billion) in an initial public offering of the shoemaker on the London Stock Exchange, betting on the enduring popularity of its cult leather boots...
TOKYO — Carlos Ghosn was afraid of being fired as CEO of Renault if the world knew how much salary he was really making, according to testimony in the Japanese trial against one of his former deputies, American human resources executive Greg Kelly. A key witness this month turned up the heat on Kelly, who stands accused of attempting to conceal Ghosn’s compensation package from financial documents...
The activist investor is not interested in auctioning off the opportunity to demolish Atlantic City’s former Trump Plaza casino, which he owns. The billionaire’s company has instructed Bodnar’s Auction to cancel the auction, calling it a “spectacle” and a safety risk, according to Bloomberg...
Morgan Stanley’s chief executive, James Gorman, will receive $33m in total compensation for 2020, a 22 per cent increase over 2019’s $27M...
The denizens of the Wall Street Bets subreddit helped push the flailing stock to dizzying heights—while a short-seller alleged an accompanying harassment campaign...
(Bloomberg) -- AT&T Inc. is holding exclusive talks to sell a significant stake in DirecTV to private equity firm TPG, the latest stage of a monthslong push to unload at least part of the struggling pay-TV business, according to a person familiar with the matter. A potential deal is weeks away, and the talks could still fall apart, said the person, who asked not to be identified because the deliberations are private...
Buffeted by covid-19, struggling with crumbling finances, one of America’s largest nursing home chains gave its CEO a $5.2 million “retention payment” in late October, just as the second big wave of the pandemic was rising...
CoStar Group Inc. and a private equity group led by Warburg Pincus are the final bidders competing for data provider CoreLogic Inc., according to people familiar with the matter. CoreLogic, which is evaluating the offers, is expected to decide in the coming weeks whether to proceed with a sale, said the people, asking not to be identified because the matter is private. No final decision has been made, and CoreLogic may choose to remain independent, they added...
Less than two years after Corteva Inc.’s launch, the crop seed and pesticide maker faces pressure from an activist investor—a familiar situation for the company’s executives. Delaware-based Corteva was formed from the agricultural businesses of DuPont and Dow Chemical , both of which contended with activist investors ahead of the 2017 merger that fused the two industrial conglomerates...
Citigroup is set to cut bonuses for top executives following fines for risk management lapses by US regulators last year...
(Reuters) - The number of major European companies with high participation of women in leadership positions has doubled over the past year, but there was less progress on top jobs, a study by a EU-sponsored non-profit organization showed on Thursday...
(Reuters) - Starboard LP is planning to take control of agricultural company Corteva Inc's board and replace its Chief Executive Officer Jim Collins, the Wall Street Journal reported late on Wednesday, citing people familiar with the matter. https://on.wsj.com/35ZmERY The activist investor has privately nominated eight directors to Corteva's 12-person board, the Journal reported, adding that Starboard is aiming to oust Collins over 'mediocre performance'...
Michael S. Barr, a former U.S. Treasury Department official and onetime member of Ripple’s board of advisers, is likely to become the next Comptroller of the Currency, the Wall Street Journal reported Wednesday. If named and confirmed by the U.S. Senate, Barr will succeed Brian Brooks, the former Coinbase executive who served as Acting Comptroller for the last half of 2020. Barr is currently a dean at the University of Michigan Ford School of Public Policy...
The Walt Disney Co. has disclosed the executive compensation for CEO Bob Chapek and executive chairman Bob Iger for the company's latest fiscal year, which ended on Oct. 3...
French group under pressure to replace chief executive over ‘disappointing’ share price...
A London-based activist investor is calling for Danone to replace its chairman and chief executive Emmanuel Faber, following what it says has been a “disappointing” share-price performance under his leadership at the multinational food and drinks group...
WASHINGTON (AP) — President-elect Joe Biden is set to nominate Rohit Chopra as the director of the Consumer Financial Protection Bureau, tapping a progressive ally of Sen. Elizabeth Warren to helm the agency whose creation she championed. Chopra, a commissioner at the Federal Trade Commission, helped launch the agency after the 2008 financial crisis and served as deputy director, where he sounded the alarm about skyrocketing levels of student loan debt...
A Seoul court on Monday sentenced Samsung heir Lee Jae-yong to 2 1/2 years in prison in a retrial of a bribery case involving former President Park Geun-hye and ordered him returned to prison. Choi Ji-sung and Jang Choong-ki, two former ranking Samsung executives, received the same sentence...
(Bloomberg) -- GameStop Corp.’s record week saw shares double after activist investor and Chewy Inc. co-founder Ryan Cohen was added to the Board -- and now leaders of the video-game retailer are cashing in millions before heading for the door.
