1. Articles from ibtimes.com

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    1. Mark Zuckerberg Could Be Out As Facebook CEO If Some Shareholders Get Their Way

      Mark Zuckerberg Could Be Out As Facebook CEO If Some Shareholders Get Their Way

      Facebook is allegedly being pressured by a group of shareholders to remove CEO Mark Zuckerberg from the board of directors, according to a proposal obtained by VentureBeat . The shareowners want Zuckerberg, who has been on the board since 2012, to be replaced by an independent chairperson. “We believe the combination of these two roles in a single person weakens a corporation’s governance, which can harm shareholder value,” the proposal stated...

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      Mentions: CEO Chairman
    2. Big Bank Breakups: Who Needs Bernie Sanders When You've Got Dodd-Frank?

      Big Bank Breakups: Who Needs Bernie Sanders When You've Got Dodd-Frank?

      Calls to “break up the banks” have burst back into the political conversation, thanks in part to Democratic primary candidate Bernie Sanders. But the Vermont Senator isn’t the only source of pressure on Wall Street. With regulatory costs from financial reforms rising and revenues faltering, major financial institutions stand to see more questions from shareholders over their size and complexity...

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    3. Activist Investor Starboard Value LP Urges Macy’s To Spin Off Real Estate Assets: Report

      Activist Investor Starboard Value LP Urges Macy’s To Spin Off Real Estate Assets: Report

      Investment firm Starboard Value LP commended U.S. department store chain Macy’s on its recently announced efficiency drive, but urged the company to fully realize the value of its vast real estate holdings, the Wall Street Journal reported Monday. The activist investor, in a letter and presentation to Macy's management Sunday, said although it supports the retail chain's cost cuts, it wants the ...

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    4. Banker Bonuses: Despite Weak Earnings, Boards At Top European Banks Will Give Big Payouts To Keep Top Executives

      Banker Bonuses: Despite Weak Earnings, Boards At Top European Banks Will Give Big Payouts To Keep Top Executives

      Bank earnings are slim right now in a world flush with rock-bottom interest rates, but those relatively small profits will mean little to the bosses of major financial institutions who are set to receive absolutely large bonuses from their supervisory boards next year. While bonuses will be slashed for traders and sales representatives in commodities dealing, fixed-income services and other ...

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      Mentions: CEO stock options
    5. UnitedHealth Group Mulls Losses, Blames Obamacare, But CEO Stephen Hemsley Took Home $66M In 2014

      UnitedHealth Group Mulls Losses, Blames Obamacare, But CEO Stephen Hemsley Took Home $66M In 2014

      When UnitedHealth Group, the company that owns major insurer UnitedHealthcare, said Thursday it was considering pulling out of Affordable Care Act exchanges in 2017, it cited "a continuing deterioration in individual exchange-compliant product performance" and a loss of $425 million from plans it had sold through those health insurance marketplaces. “We cannot sustain these losses,” CEO Stephen ...

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      Mentions: CEO stock options
    6. Mylan Could Lose Perrigo As Deadline Nears In $26B Takeover Deal: Reports

      Mylan Could Lose Perrigo As Deadline Nears In $26B Takeover Deal: Reports

      Generic drug maker Mylan NV may lose its protracted hostile takeover bid for peer Perrigo Company Plc. as only a minority of Perrigo’s shareholders reportedly tendered their stock into Mylan’s $26 billion takeover proposal by late Thursday night. Around 40 percent of Perrigo's ordinary shares had been tendered with 10 hours left -- significantly short of Mylan’s acceptance threshold of 50 ...

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    7. Activist Stampede Drives Board Directors Into Shareholders' Arms

      Activist Stampede Drives Board Directors Into Shareholders' Arms

      NEW YORK (Reuters) -- A few days after joining the board of Atlantic Power Corp., private-equity veteran Gilbert Palter said he got a flurry of calls from the energy company's top shareholders, who wanted more than just to wish him well. "They wanted to hear my perspective on the company. And they wanted to bend my ear with their own thoughts," said Palter, co-founder of EdgeStone Capital ...

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    8. Hedge Fund Assets Drop In Q3, More Than Any Period Since 2008

      Hedge Fund Assets Drop In Q3, More Than Any Period Since 2008

      The third quarter of 2015 erased the largest amount of wealth from hedge fund industry accounts since the financial crisis hit in 2008. Total capital under hedge fund management shrank by $95 billion amid global market turmoil stemming from a slowdown in China and continued uneasiness over U.S. interest rates, according to Hedge Fund Research...

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    9. Jack Dorsey Named Twitter CEO, Adam Bain Promoted To COO, Costolo Among Board Departures

      Jack Dorsey Named Twitter CEO, Adam Bain Promoted To COO, Costolo Among Board Departures

      The search is over. Twitter Inc. has officially appointed Jack Dorsey as full-time chief executive of the microblogging site he helped create. Amid the change, Chief Revenue Officer Adam Bain will be promoted to Twitter's chief operating officer. Dorsey will also remain as CEO of the mobile payment company Square. The company's board will also undergo changes, according to a tweet from Dorsey ...

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      Mentions: CEO
    10. SEC Approves Pay Ratio Rule Created Under Dodd-Frank Act

      SEC Approves Pay Ratio Rule Created Under Dodd-Frank Act

      The United States' Securities and Exchange Commission narrowly voted Wednesday to adopt the controversial pay ratio rule. By a 3-2 margin along party lines, the members approved the rule, which forces public companies to publish their chief executive officers' total annual compensation as a ratio to their employees' median total compensation, MarketWatch reported. Wednesday's decision was a long time coming...

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    11. As SEC Adopts CEO Pay Ratio Rule, What Will It Mean For Investors And Workers?

      As SEC Adopts CEO Pay Ratio Rule, What Will It Mean For Investors And Workers?

      The Securities and Exchange Commission adopted a “pay ratio” rule Wednesday that will force publicly traded companies to disclose a comparisons between what top executives earn and the salaries of workers. The vote will bring to life a few controversial lines written into the Dodd-Frank financial reform law in 2010 that have existed in a state of suspended animation amid resistance from major corporations and business trade groups...

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    12. SEC Settles With Houston Firm KBR Inc Over Policies That Silenced Potential Whistleblowers

      SEC Settles With Houston Firm KBR Inc Over Policies That Silenced Potential Whistleblowers

      In the first case of its kind, the Securities and Exchange Commission has sanctioned a company for creating internal policies that prevent employees from going to regulators with legal concerns. Houston technology firm KBR Inc. will pay $130,000 to settle charges that it violated federal whistleblower protections enshrined in the Dodd-Frank Act...

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      Mentions: Ethics Technology SEC
    13. General Motors Company Shareholders Worry About Stock Buyback Plan And The Triumph Of Activist Investors

      General Motors Company Shareholders Worry About Stock Buyback Plan And The Triumph Of Activist Investors

      In the years since General Motors went bankrupt and took a massive taxpayer bailout, the company has maintained a “fortress balance sheet,” heavy on shock-absorbing cash. After a monthlong siege, however, that fortress has proved permeable, as activist shareholders managed to wrangle billions out of the company’s keep...

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    14. Bank of America CEO Says Public Anger At Banks Is 'Understandable'

      Bank of America CEO Says Public Anger At Banks Is 'Understandable'

      DAVOS, SWITZERLAND -- The head of one of the U.S.' largest banks Wednesday said that public anger at financial institutions has been “understandable” and he acknowledged that Americans remain concerned about whether public policymakers have adequately protected the country from another financial crisis. Bank of America CEO Brian Moynihan made the comments at a forum at the World Economic Forum ...

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      Mentions: Dodd-Frank CEO
    1-24 of 35 1 2 »
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