1. Articles in category: BoardNews

    73-96 of 7906 « 1 2 3 4 5 6 7 ... 328 329 330 »
    1. GE Plan To Restate 2016-2017 Earnings Is Taking Longer Than Expected

      GE Plan To Restate 2016-2017 Earnings Is Taking Longer Than Expected

      General Electric ( GE ) now plans to restate earnings for 2016 and 2017 by April 13, after a previous target date for late March came and went. X The industrial giant has said it will adopt a new revenue-recognition accounting standard, an industry standard that it says all companies are required to adopt. But GE management said the process "is taking more time than we originally expected" to finalize, according to a letter to shareholders on Wednesday...

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    2. The SEC is Accusing a Startup Founder of Stealing $48 Million from Investors to Fund Private Jets and a Dairy Cow Farm

      The SEC is Accusing a Startup Founder of Stealing $48 Million from Investors to Fund Private Jets and a Dairy Cow Farm
      • Mozido founder Michael Liberty has been charged with allegedly scheming to defraud investors and misappropriating funds, according to the Securities and Exchange Commission.
      • Liberty, along with his wife and several associates, allegedly raised $55 million from investors using fictitious financial information and shell companies...
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      Mentions: Investors SEC Hess
    3. DuPont Sells Country Club Peltz Scorned as ‘Corporate Largesse’

      DuPont Sells Country Club Peltz Scorned as ‘Corporate Largesse’

      DowDuPont Inc. finally landed buyers for its country club, several years after activist investor Nelson Peltz blasted the golf and tennis playground as a symbol of corporate excess. The club became a flash point for Peltz’s Trian Fund Management in its failed 2015 proxy fight for seats on the board of DuPont, which subsequently merged with Dow Chemical...

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    4. Market Watchdogs Eye New Rules on How Companies Disclose 'Material' Risks Like Climate Change ...

      Market Watchdogs Eye New Rules on How Companies Disclose 'Material' Risks Like Climate Change ...

      “The research conducted and extensive feedback received during our consultation led us to believe that new disclosure requirements should be considered as part of corporate governance practices,” said Huston Loke, director of corporate finance at the Ontario Securities Commission. At the conclusion ...

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    5. Deutsche Bank Wants to Add the Former CEO of Merrill Lynch to its Board

      Deutsche Bank Wants to Add the Former CEO of Merrill Lynch to its Board

      Reuters/ Shannon Stapleton

      • Former Merrill Lynch CEO John Thain is being nominated to the supervisory board of Deutsche Bank.
      • Deutsche Bank announced two other new nominees, Mayree Clark, founder and managing partner of Eachwin Capital, and Michele Trogni, previously group chief information officer at UBS .

      FRANKFURT (Reuters) - Former Merrill Lynch CEO John Thain is being nominated to the supervisory board of Deutsche Bank , Germany's largest lender said on Wednesday...

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    6. RBI keeps private banks waiting on bonus payment to top executives

      RBI keeps private banks waiting on bonus payment to top executives

      RBI keeps private banks waiting on bonus payment to top executives Silence linked to under-reporting of bad loans 4, 2018 01:42 //mybs.in/2Vm2qas ALSO READ The Reserve Bank of India (RBI) has started cracking down on bonuses to top executives at private sector banks. According to sources familiar with the matter, the central bank is yet to grant its approval for bonuses to senior executives in private banks for 2016-17, even as the financial year 2017-18 has come to an end.

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    7. 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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    8. 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
    9. 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
    10. 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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    11. 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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    12. 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
    13. 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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