Instead of continuing to lose the technology arms race in research, active managers can improve returns more by engaging with board directors to improve corporate governance — particularly on technology, cyber and privacy issues...
Additionally, board members should be well versed in the company's corporate governance documents, such as the board's voting bylaws, processes ...
After Bristol-Myers Squibb and activist investor Starboard Value released dueling presentations on the planned $74 billion merger with Celgene earlier this week, Wall Street analysts started speculating about what might actually cause the deal to go south...
For decades, Leslie Wexner has run Victoria's Secret and his retail empire with a close-knit group of directors. But amid scrutiny of the board's ties to the 81-year-old billionaire, the company is preparing to bring in some fresh blood. L Brands Inc. has retained a search firm to look for three new board candidates, according to people familiar with the matter...
Seattle (CNN Business)When American companies talk about seeking diverse board members, they usually refer to differences in gender, ethnicity and experience. The National Center for Public Policy Research thinks they should be focused on something else: political diversity...
In February of 2019, the international business community was abuzz after biopharmaceutical company Sinovac made a rare and bold power play. In response to a perceived threat to its board of directors, the company activated a shareholder rights plan to reissue more than twenty-five million new shares to certain shareholders, which would give them greater control of the company, but simultaneously reduce their value substantially...
Bill Gates is one of the world's biggest philanthropists who has given away billions of dollars of his money.
That's why so many people think that Gates' personal wealth is shrinking as he gives his money away.
But it isn't. Gates is astoundingly rich and getting richer all the time.
And he just joined a two-man club of people worth more than $100 billion...
Despite strong full-year 2018 financial results, shareholder returns were dampened by investor skepticism and potential headwinds heading into 2019. This trend is no surprise given our observations through the third quarter (see “S&P 1500 pay-for-performance update: Third quarter results beg the question, “Will 2018 be the high water mark for incentive payouts?” Executive Pay Matters, December 17, 2018)...
In the digital era, it’s not surprising that being digitally savvy is a desirable trait for business leaders. Just about every company is looking to use technology to improve customer experience and operational efficiency...
An activist investor made a strong argument for walking away from Celgene, but will investors listen?...
Don't let your board presentation miss the mark. Follow these best practices and common mistakes to avoid when communicating cybersecurity risk to the board. Cybersecurity is a top concern for boards of directors...
The company can't answer the essential question of whether its business is viable ... That's good, but it also makes it difficult for potential investors to feel ... eventually corporate governance and potential valuation will come to matter...
In short order, Geisha Williams stepped down as both CEO and board member, followed by five other directors . When reconstituted, the board will ...
Bristol-Myers Squibb (NYSE: BMY) shocked everybody when it announced its $74 billion acquisition of Celgene (NASDAQ: CELG) earlier this year. Not everyone was happy, with the merger drawing the ire of some of the biggest institutional investors. Is this deal as bad as they fear?...
Companies with experienced technologists on their board outperform others in areas such as revenue growth, return on assets and market capitalization growth, according to a study released this week by Massachusetts Institute of Technology’s Center for Information Systems Research...
In the coming weeks, many public companies in the U.S. will disclose for the first time their “pay ratios”—the CEO’s compensation divided by the median employee’s. The requirement to provide this ratio was included in the Dodd-Frank Act of 2010...
... Fiduciary Corporation have been able to file non-binding resolutions to be heard by companies' boards on corporate governance and other issues...
Growing losses, low barriers to entry, poor corporate governance, and an unrealistically high valuation should diminish Lyft's IPO hype...
Are technology oligarchies good or bad for competition in the marketplace? Should the giant technology companies that own huge segments of their markets, be broken up to encourage more innovation and competition? Or is "big" good for consumers?...
We've seen this playbook before. Billionaire investor buys a large stake in a company, pushes for a sale, and cashes out after the sale is complete. Carl Icahn is playing the activist roll to a "T" with Caesars Entertainment (NASDAQ: CZR) , acquiring a 15.5% stake in the company and demanding a seat at the boardroom table...
What’s Bristol-Myers Squibb’s Plan B if its Celgene deal falls through? BMS won’t say whether it has one at all. And the company may be more likely to need a backup plan than some industry-watchers think. As Wolfe Research’s Tim Anderson pointed out in a note to clients, the company has so far skirted questions about how it would proceed without the $74 billion takeout, saying only that “their focus is on getting the Celgene deal done.” “They gave no insights on the path forward under this alternative scenario,” Anderson wrote, noting that if the deal ...
So, La Croix sales are falling due to litigation, but that litigation will not have a material adverse effect the company's operations. That is the most self-contradictory messaging I have read in 26 years of reading quarterly SEC filings. It makes no sense...
In our new book, Outsourcing the Board: How Board Service Providers Can Improve Corporate Governance, Todd Henderson and I change the conversation about corporate governance by examining the origins, roles, and performance of boards with a simple question in mind: why does the law require governance to be delivered through natural persons?...