1. Articles from New York Post

    nypost.com

  2. 1-24 of 66 1 2 3 »
    1. GE’s Immelt-Down: Harsh Light on in-the-Dark CEO’s Failure

      GE’s Immelt-Down: Harsh Light on in-the-Dark CEO’s Failure

      In March of 2017, Jeff Immelt was in his 16th year as CEO of General Electric and — at least in his head — he was remaking the iconic conglomerate into the very model of the modern industrial company. He was expanding the old — GE’s historic footprint in power and aviation — while embracing a new world of clean ­energy and software analytics...

      Read Full Article
    2. Paul Singer’s Giant Hedge Fund is Leaving NYC for Florida

      Paul Singer’s Giant Hedge Fund is Leaving NYC for Florida

      Billionaire Paul Singer is about to become the latest snowbird of prey to fly out of New York City. The relentless activist investor — who lately has rattled cages at Twitter and AT&T, and who famously locked horns with the government of Argentina — is moving the headquarters of his $41 billion hedge fund Elliott Management to Florida...

      Read Full Article
    3. Wells Fargo CEO: ‘Limited pool of black talent to recruit from’

      Wells Fargo CEO: ‘Limited pool of black talent to recruit from’

      Wells Fargo chief executive Charles Scharf exasperated some black employees in a Zoom meeting this summer when he reiterated that the bank had trouble reaching diversity goals because there was not enough qualified minority talent, two participants told Reuters. He also made the assertion in a company-wide memo June 18 that announced diversity initiatives as nationwide protests broke out following the death of George Floyd , an unarmed African American man, in police custody...

      Read Full Article
    4. BlackRock ‘intrudes’ on Office Romances

      BlackRock ‘intrudes’ on Office Romances

      If you work for Larry Fink, he ­really wants to know who you’re hooking up with. Fink, the voluble chief executive of BlackRock — the world’s largest money manager — recently “updated” his company’s dating policy. In the past, employees were on notice to tell HR anytime they had a romantic relationship with another employee, an understandable but intrusive part of corporate life in the era of ­#MeToo...

      Read Full Article
    5. Ackman’s Blank Check Company Raises IPO Target to $4 Billion

      Ackman’s Blank Check Company Raises IPO Target to $4 Billion

      Pershing Square Tontine Holdings, the blank check company backed by billionaire investor Bill Ackman , has increased the size of its initial public offering by $1 billion to $4 billion, the largest ever IPO by a special purpose acquisition company, or SPAC. The firm plans to go public with 200 million units at $20 each, according to a regulatory filing on Monday. A SPAC uses IPO proceeds and borrowed funds to acquire a company, typically within two years...

      Read Full Article
    6. Wall Street Bonus Forecast Not as Dire as in May

      Wall Street Bonus Forecast Not as Dire as in May

      With the economy slowly bouncing back from coronavirus quarantines, Wall Street bonus season is shaping up to be less of a nightmare and more of a very bad dream. The latest survey by compensation consultant Johnson Associates predicts that financial services pay will be slashed by 15 percent to 20 percent in 2020 — a vast improvement from the 30 percent cuts the same survey predicted in mid-May . “We’ve dug halfway out of the hole,” the report’s author, Alan Johnson, told The Post...

      Read Full Article
    7. Billionaire Investor Says Elizabeth Warren is Right, Ditches $16B Hedge Fund

      Billionaire Investor Says Elizabeth Warren is Right, Ditches $16B Hedge Fund

      A billionaire activist investor declared that “Elizabeth Warren is right” as he left the helm of his giant hedge fund to focus on environmental and social-impact investing. Jeffrey Ubben — a corporate cage-rattler who has prodded for change at behemoths including Microsoft, BP and Nintendo — said he is leaving his $16 billion hedge fund, ValueAct Capital , to start a new fund that’s more socially conscious...

      Read Full Article
    8. The Average Hedge Fund Lost 6.7 Percent in 2018

      The Average Hedge Fund Lost 6.7 Percent in 2018

      Ex-Goldman Sachs partner still believes in cryptocurrency Hedge funds are thrilled to see 2018 in their rear-view mirrors. As year-end returns for high-profile activist hedgies like Dan Loeb, David Einhorn and Bill Ackman trickle in, early fears about hedge fund returns getting clipped are being realized. “It’s been a tough year for active managers,” Don Steinbrugge, chief executive of hedge fund consultancy Agecroft Partners, told The Post...

      Read Full Article
    9. Breaking News: Papa John's Board OKs 'Poison Pill' to Block Founder From Gaining Control

      Breaking News:  Papa John's Board OKs 'Poison Pill' to Block Founder From Gaining Control

      The boardroom battle at Papa John’s got a little uglier on Sunday. The pizza chain’s board, looking to further distance itself from the company’s controversial founder , voted on Sunday to adopt a poison pill to keep John Schnatter from gaining a controlling stake in the Louisville, Kent., company, according to a report. The move is expected to be made public on Monday, the report said, citing people familiar with the matter...

      Read Full Article
    10. Elliott Management Pushes for Overhaul of Sempra Energy

      Elliott Management Pushes for Overhaul of Sempra Energy

      REUTERS Less than one year after nudging Sempra Energy into its largest acquisition ever , activist investor Paul Singer is urging the San Diego-based company to burn some fat. Singer’s Elliott Management, working alongside energy investment firm Blue­scape Resources, is pushing Sempra to replace six members of its 14-person board, according to a presentation the two released Monday...

      Read Full Article
    11. Activist Shareholder Scores a wWin against Ugg Boots Maker

      Activist Shareholder Scores a wWin against Ugg Boots Maker

      Activist investor Mick McGuire — who has been struggling to get on the board of the company that makes Ugg boots — just got a foot plant. Influential proxy advisory firm ISS recommended late Wednesday that shareholders vote for three nominees to the board of Deckers Outdoor that have been put forward by McGuire’s hedge fund, Marcato Capital. “ISS’s recommendation validates our belief that change is needed on Deckers’ Board,” McGuire said in a statement Thursday...

      Read Full Article
    1-24 of 66 1 2 3 »
  1. Categories

    1. BoardProspects Features:

      BoardBlogs, BoardKnowledge, BoardMoves, BoardNews, BoardProspects Announcements, BoardProspects CEO, CEO Blog, Competitor Corner, In the News, Member Report, Partner Publications, Question of The Week, Sponsored Content