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    1. Exclusive: Some Ambac Shareholders Call on CEO to Quit, Cite Delays in Paying Claims

      Exclusive: Some Ambac Shareholders Call on CEO to Quit, Cite Delays in Paying Claims

      Three of Ambac Financial Group Inc's top ten shareholders are calling on its new CEO Nader Tavakoli to step down, according to people familiar with the matter. One of the reasons they give is that he is slow to settle $4 billion in insurance claims in which at least two of them have an interest, the sources said. The policy claims relate to complex financial instruments, including secured ...

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    2. Carson's Boardroom Support for Gay Rights Could Test his Sase

      Carson's Boardroom Support for Gay Rights Could Test his Sase

      By Ross Kerber BOSTON (Reuters) - Ben Carson, frontrunner in the struggle to become Republican presidential candidate, said on Wednesday that his support for gay rights initiatives when he was a director at major companies does not clash with his opposition to gay marriage. Carson supported various initiatives at both companies, such as barring discrimination based on gender identity, providing ...

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      Mentions: Chairman
    3. From Pilot to Profit-Maker, Valeant's pharmacy rose Quickly

      From Pilot to Profit-Maker, Valeant's pharmacy rose Quickly

      The pharmacy at the center of suspicions over Valeant Pharmaceuticals International Inc's business practices began as a small pilot project two years ago and quickly grew to account for 7 percent of the drugmaker's revenue. Valeant disclosed on Monday details of its relationship with Pennsylvania-based Philidor Rx Services, defending the pharmacy against allegations of illegal activity while ...

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    4. VW to Dismiss CEO Over Emissions-Cheating Scandal

      VW to Dismiss CEO Over Emissions-Cheating Scandal

      By Andreas Cremer FRANKFURT (Reuters) - Volkswagen will dismiss Chief Executive Martin Winterkorn, a German newspaper said on Tuesday, after the carmaker admitted to cheating U.S. vehicles emissions tests and said 11 million of its cars could be affected worldwide. The Tagesspiegel newspaper, citing unidentified sources on Volkswagen's supervisory board, said Winterkorn would be replaced by ...

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      Mentions: CEO
    5. Toshiba, McDonald's Japan Booted from 'Good Governance' Index

      Toshiba, McDonald's Japan Booted from 'Good Governance' Index

      Tokyo (AFP) - Scandal-hit Toshiba and McDonald's Japan were on Friday booted from a stock index launched to highlight firms with the best return on equity and other shareholder friendly criteria. The shuffle comes as Toshiba grapples with a crisis that exposed a pattern of top executives pressuring underlings to inflate profits by about $1.2 billion since the 2008 global financial crisis...

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    6. Jana Partners takes 7.2 percent stake in ConAgra Foods

      Jana Partners takes 7.2 percent stake in ConAgra Foods

      NEW YORK (AP) -- Activist investor firm Jana Partners said Thursday it took a 7.2 percent stake in packaged-foods maker ConAgra and said it may start a proxy battle by nominating three candidates to the company's board of directors. ConAgra's stock rose $2.48, or 6.3 percent, to $41.60 in aftermarket trading. Jana Partners said ConAgra's results have been disappointing since it bought Ralcorp, the owner of Post cereals, in January 2013...

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      Mentions: CEO Chairman
    7. U.S. Hedge Fund Steps Up Campaign Against $8 Billion Samsung Asset Shake-Up

      U.S. Hedge Fund Steps Up Campaign Against $8 Billion Samsung Asset Shake-Up

      SEOUL (Reuters) - U.S. hedge fund Elliott ramped up its campaign against a proposed $8 billion merger of two Samsung Group [SAGR.UL] firms, creating a website to lay out its case and saying it wants corporate governance improvements rather than an unfair deal. In a rare case of shareholder activism in South Korea, the fund has filed two injunction requests to block the merger...

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    8. Hedge Funds Lose Court Bid Over Ancestry.com Deal Price

      Hedge Funds Lose Court Bid Over Ancestry.com Deal Price

      By Tom Hals Wilmington, Del. (Reuters) - A Delaware judge ruled on Friday that a private equity firm paid a fair value of $32 per share to acquire Ancestry.com Inc and rejected hedge fund claims the price should have been as high as $47 per share. The ruling is a setback for an increasingly popular hedge fund strategy called "appraisal arbitrage," in which investors vote against a proposed deal ...

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    9. Icahn on CNBC Says his Son was Right on Netflix, Wished He Bought More

      Icahn on CNBC Says his Son was Right on Netflix, Wished He Bought More

      Billionaire activist investor Carl Icahn said on Wednesday that he sold Netflix Inc shares too soon, admitting that his son Brett and fund co-manager David Schechter were correct to believe the stock was significantly undervalued. Icahn sold 2.99 million shares of Los Gatos, California-based Netflix in October 2013 after the stock rose more than fivefold in 14 months. "What I was worried about ...

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    10. Carl Icahn Raises Stake in Car Rental Company Hertz

      Carl Icahn Raises Stake in Car Rental Company Hertz

      (Reuters) - Activist investor Carl Icahn raised his stake in U.S. car rental company Hertz Global Holdings Inc to 10.77 percent from 8.48 percent. The billionaire was already Hertz's largest shareholder and in the past few months had successfully pushed for management changes and won board seats on the company. Hertz shares rose 1.7 percent to $25.68 in trading after the bell on Tuesday. Hertz ...

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      Mentions: Management CEO
    11. Juno Appoints Maggie Wilderotter To Board Of Directors

      Juno Appoints Maggie Wilderotter To Board Of Directors

      SEATTLE, Nov. 25, 2014 /PRNewswire-USNewswire/ -- Juno Therapeutics today announced that Maggie Wilderotter, Chairman and CEO of Frontier Communications Corporation, has been appointed to the Juno Board of Directors. Wilderotter, the eighth member of Juno's Board of Directors, brings significant public company experience as both a board member and a senior executive to the Juno Board. Before ...

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    12. Ackman Says Supports Allergan's $66 Billion Sale to Actavis: CNBC

      Ackman Says Supports Allergan's $66 Billion Sale to Actavis: CNBC

      (Reuters) - Activist investor William Ackman is supporting the $66 billion deal in which Actavis PLC will buy Allergan Inc and plans to withdraw from an Allergan special shareholder meeting he had planned, CNBC television reported on Tuesday. Ackman, who had been fighting alongside Valeant Pharmaceuticals International Inc for control of Allergan, had called for the Allergan meeting to vote out ...

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    13. Renova Therapeutics Welcomes New Board Member, Raises $7.52 Million in Series C Financing Round

      Renova Therapeutics Welcomes New Board Member, Raises $7.52 Million in Series C Financing Round

      SAN DIEGO, Nov. 18, 2014 /PRNewswire-USNewswire/ -- Renova Therapeutics, a biopharmaceutical company developing gene therapy treatments for congestive heart failure and other chronic diseases, announced that Daniel M. Bradbury joined its board of directors. The company also completed its third round of funding, raising $7.52 million.New board member brings decades of life science experience Mr ...

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    14. New Board Chair Nominated By President Obama

      New Board Chair Nominated By President Obama

      WASHINGTON, Nov. 13, 2014 /PRNewswire-USNewswire/ -- John E. Mendez has been nominated by President Barack Obama to serve as the newest chairman of the Board of the Securities Investor Protection Corporation (SIPC), which maintains a special reserve fund authorized by Congress to help investors at failed brokerage firms.Mendez is a partner practicing in the New York and Los Angeles offices of ...

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      Mentions: Chairman
    15. Shareholder Group Critical as Roche and Novartis Chiefs top Swiss Pay Table

      Shareholder Group Critical as Roche and Novartis Chiefs top Swiss Pay Table

      ZURICH (Reuters) - The bosses of drugmakers Roche and Novartis both earned more than 13 million Swiss francs ($13.6 million) last year, according to a study published on Wednesday, 18 months after the Swiss voted for some of the world's strictest controls on executive pay. The pay packets of Roche CEO Severin Schwan and Novartis counterpart Joe Jimenez topped the list of Switzerland's best-paid ...

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      Mentions: stock options CEO
    16. Starboard offers to take RealD private for $12 per share

      Starboard offers to take RealD private for $12 per share

      (Reuters) - Activist investor Starboard Value LP said on Wednesday it had offered to acquire the remaining shares in RealD Inc RLD.N after raising its stake in the 3D technology licensor. Starboard offered $12 per share in cash, a premium of 29 percent to RealD stock price as of Wednesday close, valuing the company at about $540 million. RealD said in an emailed statement that it would review ...

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      Mentions: Technology
    17. U.S. Treasury Denies Allowing 'Excessive' Executive Pay at GM, Ally

      U.S. Treasury Denies Allowing 'Excessive' Executive Pay at GM, Ally

      By Paul Lienert and Bernie Woodall DETROIT (Reuters) - The U.S. Treasury last year permitted top executives at General Motors Co and Ally Financial Inc to collect "excessive pay" while those companies were part of a taxpayer-funded government loan program, a special inspector general reported on Wednesday. The Treasury responded that the report contained "many inaccuracies and omissions," saying ...

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      Mentions: stock options
    18. U.S. Attorney General Urges Changes to Fight More Wall St. Crime

      U.S. Attorney General Urges Changes to Fight More Wall St. Crime

      By Aruna Viswanatha and Nate Raymond WASHINGTON/NEW YORK (Reuters) - U.S. Attorney General Eric Holder on Wednesday called for changes that could help prosecutors build criminal cases against senior Wall Street executives, saying companies often insulated their leaders from responsibility for misconduct. In a speech before New York University School of Law, Holder made some of his most extensive ...

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    19. Jack Ma, 'Capital-Lite' Model Impress at Alibaba's Boston IPO Event

      Jack Ma, 'Capital-Lite' Model Impress at Alibaba's Boston IPO Event

      By Tim McLaughlin and Ross Kerber BOSTON (Reuters) - Alibaba Group Holding Ltd has two major things going for it as it prepares for an initial public offering that could raise more than $21 billion: founder Jack Ma and a "capital-lite" business model. While corporate governance remains a concern, several fund managers and analysts said Ma gave an impressive performance during the company's pitch ...

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    20. Alibaba Talks Corporate Governance to Potential IPO Investors

      Alibaba Talks Corporate Governance to Potential IPO Investors

      Alibaba Group Holding Ltd founder Jack Ma on Monday surprised potential investors at a standing-room only event in New York by addressing governance concerns over the Chinese e-commerce giant, including a controversial 2010 spin-off of its online payment service. Ma made the remarks at a luncheon at the Waldorf Astoria hotel in New York in front of hundreds of hedge funds, mutual funds and other ...

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    1-24 of 60 1 2 3 »
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