1. Articles in category: BoardNews

    1-24 of 10425 1 2 3 4 ... 433 434 435 »
    1. McDonald’s Board Faces New Scrutiny of Investigation Into Former CEO

      McDonald’s Board Faces New Scrutiny of Investigation Into Former CEO

      McDonald’s Corp.’s board is coming under scrutiny from some investors and corporate-governance groups for failing to fully uncover the extent of former Chief Executive Officer Steve Easterbrook’s inappropriate relationships with employees when concerns first emerged last year. The fast-food giant Monday sued Mr. Easterbrook, accusing him of lying to investigators to cover up relationships with employees to protect his multimillion-dollar severance package. The suit, a rare airing of corporate dirty laundry, follows the board’s...

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    2. Marotta Steps Down as Berkshire CEO

      Marotta Steps Down as Berkshire CEO

      Richard Marotta has stepped down from his position as president and CEO of Berkshire Bank to “pursue new opportunities,” according to a statement released Monday by Berkshire Bank. The bank’s board of directors has named Senior Executive Vice President and chief operating officer Sean Gray as acting president and CEO for the bank’s holding company, Berkshire Hills Bancorp...

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    3. CoreLogic Board of Directors Calls Special Meeting of Shareholders

      CoreLogic Board of Directors Calls Special Meeting of Shareholders

      CoreLogic® (NYSE: CLGX), a leading global property data and analytics-driven solutions provider, today announced that its Board of Directors has called a Special Meeting of Shareholders on November 17, 2020. The purpose of the Special Meeting is to consider and vote on the replacement of up to nine CoreLogic Directors with nominees identified by Senator Investment Group LP and Cannae Holdings Inc...

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      Mentions: Investment NYSE Board
    4. Electronic Arts Investors Reject Executive Pay in Rare Rebuke

      Electronic Arts Investors Reject Executive Pay in Rare Rebuke

      Electronic Arts Inc. shareholders overwhelmingly rejected the company’s executive compensation plan in an advisory vote. Investors in the video-game giant, maker of the Madden football games, cast almost 171 million votes against the pay plan for named officers and almost 60 million in favor, the company said Friday in a regulatory filing...

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    5. Many of Massachusetts’s Biggest Companies Do Not Have a Single Black Board Member

      Many of Massachusetts’s Biggest Companies Do Not Have a Single Black Board Member

      Change in Corporate America often begins in the board room, and by that measure, the biggest public companies in Massachusetts have a long way to go when it comes to appointing Black directors. Of the 100 largest public companies in the Commonwealth, close to two-thirds do not have a single Black board member, according to analysis by BoardProspects, an online platform that specializes in corporate director and advisory board searches...

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    6. Majesco: Enters Into Amended Agreement To Be Acquired by Thoma Bravo

      Majesco: Enters Into Amended Agreement To Be Acquired by Thoma Bravo

      Majesco (NASDAQ: MJCO), a global leader of cloud insurance software solutions for insurance business transformation, today announced that it has signed an amended definitive agreement to be acquired by Thoma Bravo, L.P., a leading private equity firm focused on the software and technology-enabled services sectors, in a transaction valuing the company at $729 million. Following the closing of the transaction, Majesco will operate as a privately held company...

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    7. Japan Kept Singapore-Based Activist Investor in Limbo Over Key Toshiba Vote

      Japan Kept Singapore-Based Activist Investor in Limbo Over Key Toshiba Vote

      The government gave Effissimo a green light to vote on July 30, just a day before the meeting, the two government sources said, speaking on condition of anonymity because the information is not public. The Ministry of Economy, Trade and Industry (METI) delayed its approval, one of the government sources told Reuters...

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    8. Three Top WarnerMedia Execs Are Exiting the Company Amid a Major Shakeup Under New CEO Jason Kilar

      Three Top WarnerMedia Execs Are Exiting the Company Amid a Major Shakeup Under New CEO Jason Kilar
      • New WarnerMedia CEO Jason Kilar is shaking up the company's leadership ranks in a major reorganization that will see three top execs depart the company.
      • The key departures include Bob Greenblatt, chairman of WarnerMedia Entertainment and Direct-to-Consumer; Kevin Reilly, HBO Max's content chief and president of TNT, TBS, and TruTV; and Keith Cocozza, executive vice president, corporate marketing and communications...
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    9. GE Activist Investor Sells Some Stock

      GE Activist Investor Sells Some Stock

      General Electric ( GE ) shareholder Trian Fund Management sold a portion of its stake in the restructuring industrial giant, which continues to look for a turnaround. GE stock rose. Nelson Peltz's Trian Fund sold roughly 15.6 million shares July 31-Aug. 4 at an average price of a little more than $6, according to an SEC filing. That left the activist investor with roughly 43.7 million shares of General Electric, or about half its original stake...

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    10. Activist Investor Cevian Reduces Stake in ABB to Under 5%

      Activist Investor Cevian Reduces Stake in ABB to Under 5%

      Activist shareholder Cevian Capital has reduced its stake in ABB Ltd to less than 5%, according to data on the engineering company's website. Cevian, which campaigned for a separation of ABB's Power Grids business, now holds 4.89% in the maker of electric car charging stations and industrial robots. The holding is a reduction from its 5.34% stake at the end of 2019, according to ABB's annual report...

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    11. Exantas Capital Corp. Announces Acquisition of Management Contract from C-III Capital Partners by ACRES Capital Corp. and $375 Million Financing from MassMutual and Oaktree Capital Management

      Exantas Capital Corp. Announces Acquisition of Management Contract from C-III Capital Partners by ACRES Capital Corp. and $375 Million Financing from MassMutual and Oaktree Capital Management

      Exantas Capital Corp. (NYSE: XAN) (the "Company" or "Exantas") announced today that ACRES Capital Corp. through its subsidiary, ACRES Capital, LLC (collectively, "ACRES"), has acquired the Company's Management Agreement from an affiliate of C-III Capital Partners ("C-III").  In addition, the Company has entered into separate definitive agreements with Massachusetts Mutual Life Insurance Company ("MassMutual") and a fund managed by Oaktree Capital Management, L.P. ("Oaktree") for new capital commitments aggregating up to $375 million...

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