1. Articles in category: BoardNews

    73-96 of 7896 « 1 2 3 4 5 6 7 ... 327 328 329 »
    1. Fidessa postpones vote on Temenos bid to await possible counter offers

      (Reuters) - British software firm Fidessa ( FDSA.L ) postponed an imminent shareholder vote on whether to back a 1.4 billion pound ($2 billion) takeover bid from Switzerland’s Temenos ( TEMN.S ), saying it might receive two more offers. Fidessa said in a statement that it had received approaches “from two separate third parties who are each considering making an offer for Fidessa at a premium to the Temenos offer.” One of the potential new offers would be at a 5 percent premium to banking software supplier Temenos’s cash bid, it said. It did not disclose details of the other ...

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    2. Spotify Investor Lakestar won't be Selling its Shares — and Thinks it Should be a $100 Billion Company

      Spotify Investor Lakestar won't be Selling its Shares — and Thinks it Should be a $100 Billion Company
      • Music streaming company Spotify will go public today via a direct listing — meaning it won't issue new stock but will allow insiders to sell shares on the public market.
      • Small shareholder and early investor Lakestar will not be selling its shares.
      • Lakestar founder and CEO Klaus Hommels said he thinks Spotify can be a $100 billion company with 700 million subscribers...
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      Mentions: CEO SEC Amazon
    3. Mark Zuckerberg Should Quit as Facebook Chairman, According to Shareholder with a $1 Billion Stake

      Mark Zuckerberg Should Quit as Facebook Chairman, According to Shareholder with a $1 Billion Stake
      • Head of New York City's pension fund investments thinks Mark Zuckerberg should step down as chairman of Facebook.
      • It's not going to happen — Zuckerberg owns a controlling stake of Facebook stock.
      • But the call shows the level of investor anger at Zuckerberg's handling of the data privacy crisis...
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      Mentions: CEO crisis Facebook
    4. CommVault's Stock Soars After Activist Investor Elliott Management Discloses Large Stake

      CommVault's Stock Soars After Activist Investor Elliott Management Discloses Large Stake

      Shares of CommVault Systems Inc. CVLT, +1.69% shot up 11% in premarket trade, putting it on track to open at an eight-month high, after the company said activist investor Elliott Management disclosed a 10.3% stake in the data management company. That would make Elliott the largest shareholder, based on FactSet data. CommVault said Elliott, a hedge fund founded by billionaire investor Paul Singer, has nominated four people to join CommVault's board of directors...

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    5. ISS Recommends That Keweenaw Shareholders Should Not Give Cornwall Control of the Board

      ISS Recommends That Keweenaw Shareholders Should Not Give Cornwall Control of the Board

      Keweenaw Land Association, Limited (“Keweenaw” or “the Company”) (OTC Pink:KEWL) today announced that Institutional Shareholder Services (ISS), a leading independent proxy voting advisory firm, has recommended that shareholders should not give Cornwall Capital Management LP (“Cornwall”) control of the Company's Board of Directors (the “Board”). In reaching this conclusion, ISS acknowledged the Cornwall nominees’ lack of relevant experience and industry knowledge, as well as their vague plan for the Company ...

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    6. Exxon Mobil: Designed Deal to Skirt Scrutiny

      Exxon Mobil: Designed Deal to Skirt Scrutiny

      Oil giant was excited about Africa prospect but worried about U.S. laws By Scott Patterson, Bradley Olson and James V. Grimaldi This article is being republished as part of our daily reproduction of WSJ.com articles that also appeared in the U.S. print edition of The Wall Street Journal (March 30, 2018). Negotiators for Exxon Mobil Corp. gathered in a London hotel room faced a problem. The government of Liberia suspected that oil rights the energy giant coveted were tainted by corruption...

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      Mentions: Ethics UK acquisition
    7. Activist CIAM Says Ahold's 'Poison Pill' Unfair for Investors

      Activist CIAM Says Ahold's 'Poison Pill' Unfair for Investors

      LONDON, AMSTERDAM (Reuters) - Activist investor CIAM has criticized plans by Dutch food and retail group Ahold Delhaize ( AD.AS ) to renew a governance structure that it said acts as a “poison pill” to potential suitors and has served to keep its share price depressed. FILE PHOTO: Ahold Delhaize CEO Dick Boer at the Ahold Delhaize headquarters in Zaanstad, Netherlands, December 5, 2017...

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    8. BlackRock CEO Larry Fink on Private CEO Compensation

      BlackRock CEO Larry Fink on Private CEO Compensation

      More CEO compensation at public companies is staggering and always in the spotlight, and BlackRock ( BLK ) CEO Laurence Fink says CEOs at private companies deserve the same, if not, more attention. Most conversations about executive pay are about public companies, said Fink at the China Development Forum in Beijing this past weekend, which he found harmful...

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    9. Bill Reducing Size of UT Governing Board Narrowly Passes Tennessee House

      Bill Reducing Size of UT Governing Board Narrowly Passes Tennessee House

      After considerable debate, House lawmakers on Thursday voted to pass the UT Focus Act, which seeks to reduce the board from 27 to 11 members. The bill passed the Senate floor 27-3 on Wednesday. As well as reducing the size of the board, the legislation would create seven advisory boards on the ...

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    10. J&J's Duato, Peterson Nab Hefty Retention Bonuses as CEO Gorsky's Pay Hits $29M

      J&J's Duato, Peterson Nab Hefty Retention Bonuses as CEO Gorsky's Pay Hits $29M

      Thanks to target beating financials and more, J&J pharma chief Joaquin Duato racked up $19 million in reported pay for 2017. (Johnson & Johnson) That Johnson & Johnson CEO Alex Gorsky got a bit of a raise in 2017 isn't all that surprising. After all, his compensation package has increased bit by bit over the past several years. More notable are the boosts enjoyed by two of Gorsky's team members...

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    11. In Italy, Activist Investors Find a Happy Hunting Ground

      In Italy, Activist Investors Find a Happy Hunting Ground

      MILAN (Reuters) - When U.S. activist investor Elliott Advisers laid siege to Italy's dominant phone company this month, a shiver went through the country's corporate sector. Once a genteel club that resolved its problems in quiet, behind closed doors, corporate Italy is increasingly becoming prey for activist shareholders...

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    12. Judge Refuses to Dismiss a Shareholder Class-Action Suit Against Elon Musk and Tesla's Board

      Judge Refuses to Dismiss a Shareholder Class-Action Suit Against Elon Musk and Tesla's Board

      Tesla shareholders scored a small victory in their lawsuit against CEO Elon Musk and Tesla's board on Wednesday.

      • A judge refused to dismiss a lawsuit stemming from the electric-car maker's 2016 acquisition of the energy company, SolarCity, allowing the case to move forward.
      • Shareholders in the class-action claim are accusing Musk and the board of failing to act in their best interest in connection with the $2.6 billion SolarCity deal.
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      Mentions: CEO Tesla acquisition
    13. Bristol-Myers CEO Giovanni Caforio Nets $18.7M in 2017 Pay, a 10% Raise

      Bristol-Myers CEO Giovanni Caforio Nets $18.7M in 2017 Pay, a 10% Raise

      As Bristol-Myers Squibb presses ahead in oncology and after a big finish in the fourth quarter, CEO Giovanni Caforio is taking home a 10% pay raise for 2017 to $18.7 million. His stepped-up compensation followed a year in which Bristol-Myers exceeded the CEO's overall revenue target—and beat individual sales targets for a list of key drugs...

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    14. Wells Fargo Director Hernandez to Exit After Scandal, Maintains Side Deals

      Wells Fargo Director Hernandez to Exit After Scandal, Maintains Side Deals

      Wells Fargo & Co. ( WFC ) director Enrique Hernandez Jr. will step down from the company's board in April, following the costliest scandal in the U.S. bank's corporate history and an order by the Federal Reserve to improve risk-management and oversight. But Hernandez, the 62-year-old majority owner of a private-security company he took over from his father, could keep getting riches from his board tenure long after he's gone...

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    73-96 of 7896 « 1 2 3 4 5 6 7 ... 327 328 329 »
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