Trucker’s Recovery Under Elliott Management Takes the Long Road
Roadrunner Transportation faltered in an economic boom period and now is trying to rebuild with freight far harder to come by...
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Articles in category: BoardBlogs
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10 Tips for CIOs Presenting to the Board of Directors
Read Full ArticlePresenting to the board of directors is an opportunity for CIOs to shine. Waters Corporation CIO Brook Colangelo shares best practices to help you succeed...
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Bad Blood: Years Of War Between Icahn And HP’s Law Firm
Read Full ArticleIf there’s a kryptonite to Carl Icahn’s super-sized persona it may be Wachtell, Lipton, Rosen & Katz – which just happens to be the law firm HP hired for its merger talks with Xerox...
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Board Pay Under the Microscope
Read Full ArticleDirector pay programs are under greater scrutiny, and S&P 500 companies are striving to anticipate and adapt to this significant change. Compensation limits are at the forefront of this keen interest, with advisory firms Institutional Shareholder Services and Glass Lewis, and shareholders, becoming more vocal and taking direct action. This activism is framed by trends that include avid internal and external interest in board diversity and a shift in board compensation with greater emphasis on equity than on cash pay...
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Fall of the Ivory Tower: Controlled Companies and Shareholder Activism
Read Full ArticleDespite longstanding complaints about governance and the tyranny of a few who may or may not hold a meaningful economic interest in the company they founded and/or now control, investors have continued to allocate to controlled or quasi-controlled companies. What has changed is that minority shareholders are no longer content to sit quietly and go along for the ride, increasingly demonstrating they are willing to pull on the few levers of activism and change available at these companies...
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Inside the Chaotic Aftermath of the McDonald's CEO's Shocking Termination and His Replacement's Quest to Win Over Workers
Read Full Article- McDonald's CEO Steve Easterbrook's termination as CEO following a relationship with a female coworker earlier in November sent shock waves through the massive fast-food chain.
- Easterbrook was successful, well-liked, and respected at McDonald's, making his abrupt firing even more shocking and embarrassing for the company, employees and franchisees told Business Insider...
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Undermining Activist Investors Will Hurt Japan Inc.
Read Full ArticleForeign funds have helped raise shareholder returns. Overly strict investment rules could impede their work...
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Boardrooms Need More Millennials. Here's How to You Can Get Started
Read Full ArticleBoardroom diversity — or the lack of it — has become a hot button issue for organizations as they face growing pressure to better reflect their workforce and wider society. Until now, that conversation has centered largely on gender and race — where much work remains to be done. But, increasingly, age is also becoming an important metric of representation...
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PG&E Helped Fund the Careers of California Governor and his Wife. Now he Accuses the Utility of 'corporate greed.'
Read Full ArticleCalifornia Gov. Gavin Newsom has accused his state's largest utility company of mismanaging funds he said it should have used to upgrade an aging electrical grid prone to deadly wildfires. But over the past two decades, Newsom, a Democrat, and his wife have accepted more than $700,000 from the Pacific Gas & Electric Co., its foundation and its employees ...
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Company Hedging Policies: Observations from New Proxy Disclosures
Read Full ArticleOn December 18, 2018, the Securities and Exchange Commission (SEC) approved final rules requiring the disclosure of hedging policies in annual proxy statements. The rules, which became effective for proxy statements filed in fiscal years beginning on or after July 1, 2019, implement a Dodd-Frank mandate.
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When CEOs Date Employees, it Can Get Messy Fast
Read Full ArticleA CEO is entitled to a love life. But when it involves someone at work , things get very dicey very fast -- for the CEO , for the employee and, if handled badly, for the company. That said, there's a reason the idea of a CEO marrying his secretary is clich. Chief executives do find partners at the office -- and not just at the assistant level...
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Everyone Is Talking About Esg - What Is It And Why Should It Matter To You?
Read Full ArticleIn adopting ESG, each company chooses its own areas of focus and must document its contribution to these publicly, either ongoing or, at a minimum, as a part of their annual reporting...
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Is OneCoin the Biggest Financial Fraud in History?
Read Full ArticleThis week saw the release of the final episode of Jamie Bartlett’s fantastic BBC podcast series The Missing Cryptoqueen, which I’ve referenced in this newsletter several times already. In it, Bartlett and his team try to track down the missing Dr. Ruja Ignatova, apparent mastermind of the cryptocurrency-themed pyramid scheme OneCoin...
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Investors Left Exposed as Trump's SEC Gives America Inc Helping Hand
Read Full ArticleWASHINGTON (Reuters) - The United States' top market cop is slowly taking the shackles off corporations. Since becoming head of the Securities and Exchange Commission (SEC) in 2017, Jay Clayton has presided over more than two dozen measures which make life easier for America Inc, according to a Reuters analysis of SEC announcements and interviews with more than a dozen lawyers, academics and advocacy groups. The changes -- 17 implemented so far with a further nine proposed -- are part of a broader push to help reverse a ...
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The Boards, They Are A-Transformin’
Read Full ArticleWith increasing public calls for their transformation, changing times may require changing boards...
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How Former McDonald's CEO Easterbrook May Leave with a Supersized $60 Million
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Should CEOs Double as Board Chairs? Increasingly S&P 500 Companies are Saying No
Read Full ArticleAT&T said this week that it would split the role of board chair and chief executive when its current chairman and CEO Randall Stephenson steps down. The move will put AT&T , which owns CNN's parent company WarnerMedia, among a majority of large, publicly traded US companies that are now opting to keep those two roles separate...
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Whistleblower Erika Cheung: Theranos Scandal Was ‘Canary In Coal Mine’
Read Full ArticleErika Chueng, a Theranos whistleblower, believes the unraveling of Elizabeth Holmes’ blood-testing company from a Silicon Valley superstar into an outright fraud is indicative of larger culture issues in startups...
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A Review of Recent Whistleblower Developments
Read Full ArticleIn late September, Senators Chuck Grassley (R-Iowa), Tammy Baldwin (D-Wis.), Joni Ernst (R-Iowa), and Dick Durbin (D-Ill.) introduced the Whistleblower Programs Improvement Act , which would protect financial whistleblowers who report internally from retaliation. This bill, which mirrors the Whistleblower Protection Reform Act of 2019 and passed in the House of Representatives in May, appears similarly aimed at clarifying that the Dodd-Frank Act’s anti-retaliation provision applies equally to employees who ...
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The Real Qualifications Needed On Your Board Of Directors
Read Full ArticleBoard Director qualifications are so much more than job titles and years of experience. Such attributes as decision making ability and independence of thought can have far more impact on your board than titles and numbers...
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Including Women On Your Board Of Directors Creates A Mix Of Thinkers For The Digital Age
Read Full ArticleBoards of directors — for corporate enterprises, charitable organizations, professional societies — play extremely important and responsible oversight roles. The way I see it, they are positions women should aspire to as they provide the opportunity to analyze and validate the strategy of an organization, broaden their business perspective and make them better professionals and leaders within their own organization...
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New York Doesn't Need a Smoking Gun to Win the Exxon Climate Trial
Read Full ArticleNew York's $1.6 billion securities-fraud lawsuit against Exxon Mobil is scheduled to begin a second week of trial Monday, after a series of witnesses didn't provide any concrete evidence that the oil giant knowingly misled shareholders about its climate change accounting. Testimony by investors and employees did show a potential lack of clarity as to the difference between two measures of climate costs used by the energy giant...
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Barclays CEO Nails What Everyone Gets Wrong About Millennials
Read Full ArticleAs the conventional wisdom goes, millennial employees prize flexibility over loyalty, hopping from one job to the next in search of the right fit. In a newly released interview, Barclays ( BCS ) CEO Jes Staley suggests that assumption is incorrect. Staley, who calls JPMorgan Chase ( JPM ) CEO Jamie Dimon his mentor, recounted a panel appearance by two millennial business founders at an event with many older chief executives in the audience...
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The World’s Most Profitable Company Pays Surprisingly Little
Read Full ArticleReuters (Bloomberg) -- They run the world’s most profitable company, oversee one-tenth of global oil output and their decisions help shape the fate of a nation. Their paychecks, however, are a little less grandiose...
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