Pay Governance, a major board-level executive compensation advisory firm, has released a new study on Institutional Shareholder Services’ (ISS) change to its methodology for determining say on pay voting recommendations...
NEW YORK--(BUSINESS WIRE)--Appaloosa LP, which beneficially owns approximately 7.4% of Intelsat’s (NYSE: I) common stock, today sent a letter to Intelsat’s Board of Directors urging the Company to withhold acceptance of the Federal Communications Commission’s (FCC) Order detailing the FCC’s approach to clearing C-band spectrum in an upcoming auction until fair commercial terms can be negotiated...
YOKOHAMA, Japan—Nissan Motor Co. Chief Executive Makoto Uchida faced down angry shareholders at a rowdy 2½ hour meeting Tuesday, where they questioned whether he had a plan to reverse the company’s widening losses...
The loss heaps more pressure on Bayer Chief Executive Officer Werner Baumann, who staked his career on the $63 billion takeover of Monsanto. Last April, after a couple of Roundup trial losses, Baumann became the first CEO of a major German company in decades to lose a shareholder confidence vote...
TALLAHASSEE — Few government contractors could orchestrate getting the $7.5 million compensation package the head of the Florida Coalition Against Domestic Violence managed to obtain for three years of work, but Tiffany Carr did it by leveraging connections...
REUTERS [NEW YORK] Citigroup Inc kept its chief executive officer (CEO) Michael Corbat's 2019 compensation unchanged at US$24 million, according to a regulatory filing on Friday...
Forcing Pacific Gas and Electric Co. to hire its own tree-trimming workforce, instead of relying on contractors to keep vegetation away from power lines, would not have the fire-safety benefits envisioned by a federal judge or alleviate the need for fire-prevention blackouts, attorneys for the utility say...
Francesco Trapani’s Bluebell Capital Partners is urging the German apparel company to revamp its strategy...
Reuters) – Emerson Electric Co told investors on Thursday it would not pursue a break-up following a review it launched last year into whether to separate its industrial automation operations from its air-conditioning business. Breaking up Emerson was one of the demands made by hedge fund D.E. Shaw & Co LP ...
Japanese carmaker Nissan has filed a civil lawsuit against its former chairman, Carlos Ghosn. The suit, filed at Yokohama District Court, seeks an initial amount of $90m...
The chief executive officer of CVS Health Corp. said Wednesday the departure of former Aetna Inc. CEO Mark Bertolini from the board of directors was ...
The trio founded the company in 2008 during the Great Recession. ... These corporate governance guidelines aim to help the platform strengthen the ...
TOKYO (Reuters) - Japan’s Toshiba Machine (6104.T) said on Wednesday it would officially oppose a takeover offer by activist investor Yoshiaki Murakami and hold a shareholders meeting on March 27 to seek approval for the adoption of defense measures...
(Bloomberg) -- Masayoshi Son is finally getting some good news. After a punishing year, the founder of SoftBank Group Corp. won approval for the sale of his Sprint Corp. to T-Mobile US Inc., a long-delayed acquisition that had been fiercely opposed by states including New York and California...
Nearly half of directors in a new report cited industry expertise as the top criteria for board membership. As companies face criticism about the lack of diversity on their boards, gender diversity (36%) and racial diversity (24%) were directors’ third and fourth choices, respectively, as criteria for eligibility...
A last-ditch attempt by a coalition of state attorneys general is said to have failed to halt T-Mobile’s purchase of a smaller rival...
Billionaire and activist investor William “Bill” Ackman disclosed in a filing last Friday that his hedge fund, Pershing Square Capital Management, recently trimmed its stake in Chipotle Mexican Grill, though it still holds a sizable position and is betting big on the fast-casual burrito chain...
In April last year, Bayer AG Chief Executive Werner Baumann was on defense. The architect of one of the most disastrous acquisitions in German corporate history, he had become the country's first chief executive to lose a vote of confidence by shareholders...
Xerox on Monday turned the heat up in its efforts to acquire HP, as the printing technology giant raised its unsolicited offer for the Silicon Valley stalwart to $34 billion...
Carl Icahn is escalating his attacks on a U.S. Securities and Exchange Commission plan that he warns will make it harder for shareholders to hold companies accountable for poor performance. In a Feb. 7 letter to the SEC, the 83-year-old activist investor called a proposed overhaul of shareholder voting rules "a big step backward" for corporate governance...
(Reuters) - Bank of America Corp kept Chief Executive Officer Brian Moynihan's 2019 compensation flat at $26.5 million, according a filing on Friday...
Former Aetna Inc. Chief Executive Mark Bertolini resigned from the board of CVS Health Corp., after the company said Monday he wouldn’t stand for re-election later this year...
For Sycamore, a deal to buy Victoria's Secret would be a bet on a dominant player in the large intimate apparel industry. Still, the Victoria's Secret brand has had a tumultuous number of years...