1. Articles in category: BoardNews

    73-96 of 8876 « 1 2 3 4 5 6 7 ... 368 369 370 »
    1. Breaking News: Unilever CEO Paul Polman is Retiring

      Breaking News:  Unilever CEO Paul Polman is Retiring
      • Unilever Chief Executive Paul Polman is retiring after 10 years at the top of the company.
      • His annoucement comes less than two months after investors revolted against a plan to move the company's consumer goods group's headquarters to the Netherlands.
      • Polman will be succeeded by Alan jope, the head of the company's beauty business...
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    2. MDC 'Disappointed' Activist Investor 'Elected to go Public' With Concerns

      MDC 'Disappointed' Activist Investor 'Elected to go Public' With Concerns

      An MDC Partners shareholder pushing for a board shakeup has gone public with its dissatisfaction with the holding company, which is currently searching for a new CEO and exploring a possible sale. In an SEC filing Wednesday afternoon, FrontFour Capital — which says it owns 5.1 percent of the holding company — revealed that it had initiated private conversations with MDC's board in August to replace CEO Scott Kauffman "with a candidate better suited to leverage the strength" of its agencies and to grow its market share in certain industries. According to the filing, "shortly ...

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    3. Hudson’s Bay Activist Litt Calls for 'Urgently Needed' Board Overhaul

      Hudson’s Bay Activist Litt Calls for 'Urgently Needed' Board Overhaul

      Activist investor Jonathan Litt is taking renewed aim again at Hudson’s Bay Co., this time calling for “urgently needed” change to the retailer’s board of directors. Litt, chief investment officer and founder of Land & Buildings Investment Management, said in a letter to Hudson’s Bay shareholders that the company should sell a number of assets, including the Saks Fifth Avenue brand and its flagship Fifth Avenue store in Manhattan, Lord & Taylor as well as its remaining 50 per cent interest in Galeria Kaufhof to Karstadt. “HBC’s board has an appalling track record, overseeing more than $2 billion ...

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    4. Ghosn’s Deferred Pay Ballooned After Shift in Rules

      Ghosn’s Deferred Pay Ballooned After Shift in Rules

      (Bloomberg) -- Carlos Ghosn’s deferred income ballooned over the past eight years as he sought to downplay his compensation in front of shareholders, a practice that was a focus of the investigation that led to the car titan’s arrest, according to people familiar with the probe. Japan started requiring executive pay be made public in 2009 amid investor backlash against high salaries...

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    5. Nissan’s Executive Pay May Have Topped ¥3 Billion Cap in Fiscal 2017

      Nissan’s Executive Pay May Have Topped ¥3 Billion Cap in Fiscal 2017

      Nissan Motor Co.’s executive remuneration for fiscal 2017 may have exceeded the nearly ¥3 billion cap set by shareholders, with a large sum going to arrested former chairman Carlos Ghosn, sources said Wednesday. While only ¥735 million ($6.5 million) was stated in the company’s securities reports as remuneration for Ghosn in the year that ended March, the sources said the payment to him may have actually been about ¥2.5 billion...

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    6. SEC Targets Proxy and Short Selling Rules, Compensation Disclosures for Possible Changes

      SEC Targets Proxy and Short Selling Rules, Compensation Disclosures for Possible Changes

      The Securities and Exchange Commission asked investors on the day before Thanksgiving to take another look at a very long list of its regulations and tell the regulator whether they should stay on the books. The move , made under cover of a long holiday weekend preoccupied with turkey and shopping, is an annual exercise required by the Regulatory Flexibility Act, a law passed in Reagan-era 1980 to address the perceived disproportionate impact of federal regulations on small businesses...

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      Mentions: Investors SEC IPO
    7. Australia: Harvey Norman has Been Hit by a Shareholder First Strike

      Australia:  Harvey Norman has Been Hit by a Shareholder First Strike

      Harvey Norman shareholders today delivered a first strike against the retail group. At the AGM in Sydney, they voted 50.63% against the company’s remuneration report. The Australian Shareholders Association had recommended the vote against the remuneration report. Retail billionaire Gerry Harvey has suffered a first strike by shareholders against his Harvey Norman group. At the AGM, shareholders voted 50.63% against the company’s remuneration report...

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      Mentions: AMP Australia Telstra
    8. Women of Color Left Behind As Women are Added To Boards, Management

      Women of Color Left Behind As Women are Added To Boards, Management

      According to a leadership diversity study released this month, fewer than 27% of Fortune 50 companies have women on boards and fewer than 23% of Fortune 50 companies have women in leadership positions. The Rising Tides, a consulting firm that works with companies to make their workplaces better for women, found that while those statistics are far from making the Fortune 50 shining exemplars of gender parity, the data about women overall is approximately six times better than the statistics regarding women of color at those same companies. In fact, women of color comprise only 4% of directors of the ...

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    9. United Technologies to Announce its Intention to Separate into 3 Companies

      United Technologies to Announce its Intention to Separate into 3 Companies

      United Technologies announced late Monday that it intends to separate into three companies: United Technologies, Otis and Carrier. The company also said it has completed its acquisition of Rockwell Collins and combined that business with UTC Aerospace Systems to form Collins Aerospace Systems. That unit will be part of the United Technologies company after the split...

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    10. Airbnb Poaches Amazon Exec as its New CFO as the $31 Billion Startup Preps for IPO

      Airbnb Poaches Amazon Exec as its New CFO as the $31 Billion Startup Preps for IPO
      • Airbnb, which is poised to go public in the second half of 2019, has a new chief financial officer.
      • Dave Stephenson joined Airbnb after 17 years at Amazon.
      • He replaces Laurence Tosi, who left the CFO role in February after reportedly disagreeing with CEO Brian Chesky over the future of the company.

      Airbnb has a new chief financial officer, the company announced Monday...

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    11. Breaking News: Campbell Soup Reaches Deal to End Proxy Fight With Activist Loeb

      Breaking News:  Campbell Soup Reaches Deal to End Proxy Fight With Activist Loeb

      (Bloomberg) -- Campbell Soup Co. reached a settlement in its proxy battle with Dan Loeb, agreeing to give the activist investor two seats on the company’s board as well as a say in choosing a new chief executive officer. The agreement allows Loeb’s Third Point to appoint independent directors Sarah Hofstetter and Kurt Schmidt to the board and expands the board’s size to 14 from 12...

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    12. Fixing GE's Massive Debt Pile is 'Critical' to Corporate America, Analyst Says

      Fixing GE's Massive Debt Pile is 'Critical' to Corporate America, Analyst Says

      How General Electric (GE) resolves its debt problem will be "critical" to the wider Investment Grade (IG) market, an analyst said Monday. The General Electric Company has witnessed an exodus of investment from both its equity stock and corporate debt as its future has been called into question. The U.S. behemoth has piled on the debt in recent years as it looked to buy companies, pay off its pension deficit and buy back shares...

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    13. A New Study Shows Why Companies Whose Employees Blow The Whistle on Wrongdoing Perform Better

      A New Study Shows Why Companies Whose Employees Blow The Whistle on Wrongdoing Perform Better

      A new study shows why companies whose employees blow the whistle on wrongdoing perform better CNBC 11 hrs ago A report, entitled "Evidence on the Use and Efficacy of Internal Whistleblowing Systems," analysed over 10 years' worth of records from NAVEX Global, and found that disclosure helps boost a company's performance in the longer term. The study's criteria covered a range of categories, including financial reporting, sexual harassment and workplace safety, among others...

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      Mentions: Google Uber Tesla
    14. Tesla is Sliding After Slashing Prices on its Model X and Model S in China

      Tesla is Sliding After Slashing Prices on its Model X and Model S in China
      • Tesla announced it was slashing Model X and Model S prices in China to offset some of the impact from President Donald Trump's tariffs.
      • Shares fell 1.8% following the announcement.
      • Watch Tesla trade live.

      Tesla was sliding Friday, down 1.8% to below $332 a share, after the company announced that it was cutting prices on some vehicles in China to help offset some of the impact from President Donald Trump's trade war...

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      Mentions: CFO Tesla Elon Musk
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