The coronavirus pandemic has devastated Hertz by grounding business travelers and tourists, making it impossible for the company to continue paying its lenders...
TOKYO (AP) — Former Nissan chairman Carlos Ghosn will be detained at least through Jan. 11, the Tokyo District Court said Monday, as the once revered auto industry figure faces allegations that have marked a stunning downfall. Ghosn, who led Nissan Motor Co. for two decades and helped save the Japanese automaker from near bankruptcy, was arrested Nov. 19 on suspicion of falsifying financial reports...
A new report by professional services firm PricewaterhouseCoopers suggests many male directors are pretty skeptical about diversity...
After announcing just earlier this year that the office supply company would shutter 225 stores in the next year and a half, Staples executives will now ask investors for bonuses...
Corporate America features the renegades of executive pay: two dozen companies, including Oracle, RadioShack and Nabors Industries, that keep giving top officers sky-high pay packages and luxury perks despite shareholder ire...
Money talks on Wall Street. So you'd expect 10 trillion dollars of it to be heard loud and clear. But that's not always the case. The 10 trillion dollars is the amount of assets under management by a group of heavyweight investors supporting new guidelines aimed at getting corporate board members and shareholders to talk to each other. It's called the SDX Protocol. "It is a path. It is a roadmap ...
The extraordinary move may help bring to a close the destructive month-long standoff between Arthur T. Demoulas and the Board of Directors led by Arthur S. Demoulas...
The Boston Globe got its hands on years’ worth of meeting transcripts from the imploding company, exposing dysfunction, anger and -- in one case -- a reference to the Pope...
Market Basket’s independent board members have asked both sides to make an agreement and get the company back on track...
The Attorneys General of Massachusetts and New Hampshire sent a joint letter Thursday to Market Basket co-CEOs Felicia Thornton and James Gooch, alerting them to employment laws in the two states about wages owed to fired employees.
Some protesters say an apparent tweet from a member of the board of directors was sexist...
The board is still considering a bid to buy the company from Arthur T. Demoulas...
WASHINGTON -- Senator Edward J. Markey said in a statement Monday that he was acting as a consumer advocate when he wrote letters to federal regulators urging a fraud investigation of Herbalife. Markey declined to discuss on Monday why he chose to do so even after it was clear that his letters would benefit an activist investor who had lobbied his office...
WASHINGTON (AP) — George Akerlof, the husband of Federal Reserve Chair Janet Yellen, says he has resigned from an academic advisory board funded by a large Swiss financial institution...
Massachusetts is often held up as forward thinking, but when it comes to women moving into corporate boardrooms and executive suites, Massachusetts lags behind other states, according to a report released Thursday by the Boston Club, which works for the advancement of women leaders...
Deere & Co.'s board of directors approved an increase of the company's share buyback program by $8 billion...
Bedford-based Hologic Inc. said its board of directors has unanimously adopted a one-year shareholder rights plan to dissuade takeovers, as affiliates of activist investor Carl Icahn build an ownership stake in the medical device maker. The company said Thursday that under the plan, shareholders as of Dec. 2 will receive a right for each share they own to buy additional shares. The rights will be exercisable if a person or group acquires 10 percent or more of the company’s stock.,,
JERUSALEM (AP) — The chief executive of Israeli company Teva Pharmaceuticals Ltd. has resigned following a public uproar over a contentious restructuring plan set to cut thousands of jobs worldwide...
DETROIT (AP) — Ford's board of directors has ended a two-day quarterly meeting without issuing a public statement on the future of CEO Alan Mulally...
WOONSOCKET, R.I. (AP) — Drugstore chain CVS Caremark has added to its board of directors a former top adviser to President Barack Obama on the health care overhaul...
Westfield State University trustees are trying to call a special meeting to consider suspending embattled President Evan Dobelle, who is facing intense criticism for his lavish spending and violations of university credit card policies — including a new letter from state officials threatening to intervene in the school’s finances...
Siemens is appointing the co-CEO of business software maker SAP to its board of directors...
Steven Roth, the chairman and CEO of Vornado Realty Trust, has resigned from J.C. Penney's board, days after the real estate company told investors it planned to sell all of its stake in the struggling department store chain, according to regulatory documents filed Friday...
The Patrick administration has summoned Westfield State University President Evan Dobelle and his board of trustees to Boston next week to answer questions about reports of Dobelle using university-related credit cards for personal expenses and costly business travel such as $8,000 for a four-night hotel stay in Bangkok...