1. Articles in category: BoardNews

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    1. Bristol-Myers Squibb Board of Directors Sends Letter to Shareholders

      Bristol-Myers Squibb Board of Directors Sends Letter to Shareholders

      Bristol-Myers Squibb Company’s BMY, -1.55% Board of Directors today sent an open letter to the Company’s shareholders regarding the previously announced definitive merger agreement with Celgene Corporation CELG, -1.65% In addition to its March 19 investor presentation, the Company today also made available on Bristol-Myers Squibb’s website ...

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    2. Pinterest’s IPO Structure Could Give CEO Ben Silbermann the Right to Control the Company from Beyond the Grave

      Pinterest’s IPO Structure Could Give CEO Ben Silbermann the Right to Control the Company from Beyond the Grave
      • Pinterest's S-1, publicly filed on Friday, revealed a unique share structure.
      • The company has dual-class shares, which give some shareholders, like founding CEO Ben Silbermann, greater voting powers than other investors.
      • But the structure also gives Silbermann's estate the ability to retain its extra voting superpowers for between 90 days and 540 days after his death.

      Silicon Valley's power players are already preparing for the grim spectre of mortality...

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    3. Levi’s Leather Patches Come Under Fire by New Shareholder

      Levi’s Leather Patches Come Under Fire by New Shareholder

      New York. Levi Strauss & Co., fresh off its $623 million initial public offering, is already facing calls for change from one shareholder. PETA, the animal-rights organisation, said it purchased the minimum number of shares needed to be able to submit shareholder resolutions and speak at Levi’s annual meetings. PETA is targeting the cow skins that Levi’s uses to make the iconic brown patches that are sewn onto the backsides of its pants...

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    4. Nike Argues for Dismissal of Lawsuit Against Board of Directors

      Nike Argues for Dismissal of Lawsuit Against Board of Directors

      Attorneys for Nike on Friday argued during a court hearing that a lawsuit against the company's board of directors should be dismissed because it lacks sufficient facts. The lawsuit was the second sweeping lawsuit filed against the sportswear giant in the wake of claims about a toxic workplace. Plaintiffs argued the lawsuit has enough facts to survive Nike's motion to dismiss. A ruling is expected within three weeks...

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    5. Hot Video Meeting Startup Zoom Filed to Go Public, and it's Profitable

      Hot Video Meeting Startup Zoom Filed to Go Public, and it's Profitable
      • Zoom, the $1 billion video conferencing startup, publicly filed for an IPO on Friday.
      • The company didn't price its upcoming IPO, but indicated in the filing that it will list on the Nasdaq under the ticker symbol "ZM."
      • The company is profitable, and grew revenue 118% in fiscal 2019.
      • Zoom was last privately valued at $1 billion or more...
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      Mentions: IPO Cisco Uber
    6. Shaq is Investing in 9 Papa John's Locations and Joining the Pizza Chain's Board

      Shaq is Investing in 9 Papa John's Locations and Joining the Pizza Chain's Board
      • Shaquille O'Neal is joining Papa John's board of directors and investing in nine Atlanta area locations.
      • Papa John's shares were up more than 3% following the news.
      • Watch Papa John's trade live.

      The NBA Hall of Famer Shaquille O'Neal is joining Papa John's board of directors and investing in nine locations in the Atlanta area, the company said Friday. He will also become a brand ambassador for the pizza chain.

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    7. Deutsche Bank U.S. Employees Said to Get Major Share of Bonuses

      Deutsche Bank U.S. Employees Said to Get Major Share of Bonuses

      (Bloomberg) -- Deutsche Bank AG employees in the U.S. received the lion’s share of bonuses, according to a person familiar with the matter, as the lender cut its pool to drive down costs. The amount set aside for 2018 fell to 1.9 billion euros ($2.2 billion) from 2.2 billion euros a year earlier, the lender said in its annual report. The investment bank division saw the biggest reductions, with a decline to 1.2 billion euros from 1.4 billion euros last year including severance pay...

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    8. Breaking News: U.S. Activist Investor Elliott Loses Hyundai Proxy Fight

      Breaking News: U.S. Activist Investor Elliott Loses Hyundai Proxy Fight

      SEOUL--U.S. hedge-fund manager Elliott Management Corp. lost its battle to boost dividends and gain board seats at South Korean auto giant Hyundai Motor Group, highlighting the challenge activist firms face in proxy fights with Asia's family-run businesses. The setback follows a victory last year against Hyundai, when the conglomerate called off a corporate restructuring that Elliott said lacked business rationale and hurt shareholders...

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    9. Duke Energy CEO’s Pay Dropped to $14M After Big 2017 Bounty

      Duke Energy CEO’s Pay Dropped to $14M After Big 2017 Bounty

      CHARLOTTE, N.C. (AP) — Duke Energy Corp. CEO Lynn Good’s reported compensation is down to $14 million after a big raise in 2017 put her at more than $21 million. The Charlotte-based electricity and gas utility disclosed Good’s compensation Thursday in its proxy statement released ahead of the annual shareholders meeting in May. The proxy shows Good’s pay was only about 1 percent higher last year than it was in 2016 after her big 2017 increase...

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    10. EssilorLuxottica: Shares Slump on New Tensions Within Board

      EssilorLuxottica: Shares Slump on New Tensions Within Board

      PARIS (Reuters) - EssilorLuxottica's shares slumped on Thursday on new tensions in its boardroom as the top shareholder and executive chairman accused the Franco-Italian group's executive vice chairman of a power grab. Shares in spectacles and eyewear company EssilorLuxottica were down 4.9 percent in early session trading, among the worst performers on both the Paris and broader European markets...

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    11. Elliott Calls for Shareholder Vote on Uniper Domination Agreement

      Elliott Calls for Shareholder Vote on Uniper Domination Agreement

      FRANKFURT (Reuters) - Activist investor Elliott has called for a shareholder vote to instruct German utility Uniper's management to enter negotiations with top investor Fortum over a domination agreement. Elliott, Uniper's second-largest shareholder with 17.84 percent, wants its motion to be discussed at the group's next annual general meeting on May 22, it said, adding that it would otherwise ask for an extraordinary general meeting...

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    12. Bayer's Blind Spot on Monsanto's Roundup May Cost Billions

      Bayer's Blind Spot on Monsanto's Roundup May Cost Billions

      (Bloomberg) -- There’s one more tribunal in which Bayer AG’s efforts to defend its Roundup weedkiller are floundering: the court of public opinion. Bayer says science shows that the herbicide, which the German company gained in its $63 billion acquisition of Monsanto Co., is safe. Now that a second U.S. jury has linked the product to cancer, the uphill battle Chief Executive Officer Werner Baumann is fighting just got steeper...

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      Mentions: Bayer
    13. Activist Investor Ubben Criticizes PG&E Board Selection Process

      Activist Investor Ubben Criticizes PG&E Board Selection Process

      (Bloomberg) -- Activist investor Jeff Ubben criticized PG&E Corp. for postponing its deadline for nominating board members for a fifth time as the bankrupt utility-owner negotiates with competing shareholder groups. Ubben, ValueAct Capital Management’s chief executive officer, is part of a slate of director candidates put forth by the hedge fund BlueMountain Capital Management LLC...

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    1-24 of 9214 1 2 3 4 ... 382 383 384 »
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