1. Articles in category: BoardNews

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    1. JetBlue Modifies Superior Offer After Consultation with Shareholders

      JetBlue Modifies Superior Offer After Consultation with Shareholders

      JetBlue (NASDAQ: JBLU) today announced that it is modifying its proposal to acquire Spirit (NYSE: SAVE) based on discussions with Spirit shareholders, and issued an open letter detailing the benefits of its decisively superior proposal and the recent misleading statements made by Spirit. JetBlue is communicating the modified proposal to Spirit’s Board today...

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      Mentions: Nasdaq NYSE JetBlue
    2. US Company Spending on Private Jets for Personal Use Hits 10-year High

      US Company Spending on Private Jets for Personal Use Hits 10-year High

      Spending by US companies on private jets for personal use by chief executives and chairs hit the highest level for a decade last year as many businesses relaxed restrictions on using them because of the pandemic. It rose 35 per cent to $33.8mn among S&P 500 groups in 2021 — the highest since 2012, according to ISS Corporate Solutions, a division of investment adviser Institutional Shareholder Services...

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    3. Investors Want European Banks To Go Further on Board Diversity

      Investors Want European Banks To Go Further on Board Diversity

      (Bloomberg) -- The boardrooms of Europe an financial services companies are failing to meet investor expectations in terms of their gender balance and the technology and sustainability expertise they possess. Some 44% of investors said gender diversity played a part in their decision to buy a company’s shares, according to the poll of...

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    4. Spirit-Frontier Deal Backed by ISS

      Spirit-Frontier Deal Backed by ISS

      Proxy advisory firm Institutional Shareholder Services Inc. recommended Spirit Airlines Inc. SAVE 2.90%▲ investors vote for a proposed merger with Frontier Airlines, ULCC 6.57%▲ reversing its position on the deal after Frontier sweetened its offer Friday. “On balance, support for the merger with Frontier on the revised terms is warranted,” ISS wrote in a report that was published late Friday and made public Saturday...

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    5. Zendesk Nears Agreement With Group Led by H&F, Permira

      Zendesk Nears Agreement With Group Led by H&F, Permira

      (Bloomberg) — Software maker Zendesk Inc. is close to reaching a deal to be acquired by a group of buyout firms led by Hellman & Friedman and Permira, said a person familiar with the matter. Most Read from Bloomberg An agreement could be announced as soon as Friday, said the person, who asked not to be identified because the information was private. The talks come after Zendesk said earlier this month that it would remain independent after failing to find a potential buyer...

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    6. Mastercard Shareholders Reject Four Proposals at Annual Meeting

      Mastercard Shareholders Reject Four Proposals at Annual Meeting

      Mastercard shareholders voted against four investor proposals at its annual meeting Tuesday, including demands for greater scrutiny over how the credit card giant gives to charities and enables ghost gun purchases. The decisions put Mastercard in company with other public financial behemoths that resisted recent activist shareholder efforts targeting environmental, social and governance issues...

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    7. U.S. Companies Promised More Racial Diversity Equity in the Workplace. How are They Doing Now?

      U.S. Companies Promised More Racial Diversity Equity in the Workplace. How are They Doing Now?

      Two years since Corporate America’s $50 billion promise to advance diversity, equity, and inclusion (DEI), the question on many people’s minds is whether companies have actually made progress toward their commitments. Have we seen noteworthy changes demonstrating impact ? Americans are looking for action. New survey research by JUST Capital and SSRS shows that 92% of Americans believe it is important for companies to promote racial diversity and equity in the workplace...

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    8. Abigail Disney Reportedly Wants to Challenge CEO Bob Chapek’s Salary

      Abigail Disney Reportedly Wants to Challenge CEO Bob Chapek’s Salary

      Abigail Disney, a vocal critic of Mouse House’s heiress, is reportedly attempting to settle a shareholder challenge of Disney boss Bob Chapek’s $32.5 million payday. Disney, which has pegged its personal wealth at $120 million, is “quietly loving” institutional investors to challenge Chapek’s compensation at the company’s next shareholder meeting, The Wrap reported, citing multiple sources familiar with the matter...

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    9. DocuSign Board of Directors Announces Leadership Changes for Next Phase of Growth

      DocuSign Board of Directors Announces Leadership Changes for Next Phase of Growth

      DocuSign (NASDAQ:DOCU) announced today that Dan Springer has agreed to step aside as Chief Executive Officer. Effective immediately, Chairman of the Board Mary Agnes "Maggie" Wilderotter is appointed interim CEO to help the senior executive team drive improved execution in all phases of the company's business...

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