ExxonMobil recently announced a five-year plan to reduce greenhouse gas emissions and is pumping out ads proclaiming its commitment to a green future. Tobacco giant Philip Morris is touting its plans to help smokers quit. Facebook is calling for new internet regulations. And these moves come less than two years after the Business Roundtable, representing the CEOs of America’s largest corporations, issued a statement calling for business to serve all stakeholders...

REUTERS: Activist investor Jeff Ubben is being considered for a board seat at Exxon Mobil Corp, Bloomberg News reported on Thursday, citing people familiar with the matter. Ubben's investment firm Inclusive Capital Partners is also discussing taking a stake in the U.S. oil producer if he was appointed to the board, according to...

REUTERS: US oil major Exxon Mobil is planning to add one or more new board directors and stepping up its sustainability investments, the Wall Street Journal reported on Wednesday, citing people familiar with the matter. The report said Exxon is in talks with the activist investor group DE Shaw about the changes...

Billionaire activist investor Carl Icahn raised his stake in U.S. printer maker Xerox Holdings Corp to about 14.4 percent as of Nov. 5, according to a filing...

The board of Twitter Inc expressed support for Chief Executive Officer Jack Dorsey on Monday and said it had confidence in the social media company's "current structure"...

Last month CtW Investment Group urged Fresenius Medical Care AG to add diverse directors to its board. The group determined the German company lacked diversity by studying photos of directors and reviewing their backgrounds online to determine their race....

TOKYO: Activist fund Effissimo Capital Management, the biggest investor in Toshiba Corp, was kept in limbo by Japan's government over a key shareholder vote until the day before the industrial conglomerate's annual meeting, two government sources said...

Activist investor Starboard Value LP has built a stake in U.S. data protection and data management software company Commvault, saying in a regulatory filing that it felt the shares were undervalued when it purchased them...

Intercontinental Exchange Inc (ICE) , the owner of the New York Stock Exchange, said on Tuesday it had approached e-commerce company eBay Inc to explore "a range of potential opportunities"...

A top official at the U.S. Securities and Exchange Commission on Thursday defended an agency shareholder voting proposal amid "misconception" received from the SEC's public consultation process over new limits to vote on thorny issues like climate change disclosure and executive pay...

Xerox Holdings Corp is preparing to nominate as many as 11 directors to HP Inc's board, the Wall Street Journal reported on Tuesday, as the company seeks to push its US$33.5 billion takeover offer for the personal computer maker. The company logo for Xerox is displayed on a screen on the floor of the New York Stock Exchange (NYSE) in New York, U.S., March 11, 2019...

BOSTON: Hedge fund Third Point LLC said on Tuesday that it recently cut its investment in United Technologies Corp , becoming the second activist hedge fund to sell shares after the company announced a merger with Raytheon Co. that the funds said they would not support. The New York-based firm sold 480,000 shares of United Technologies stock during the second quarter, cutting its holding by 7 percent to 6 million shares, according to a regulatory filing made on Tuesday...

TOKYO: Japanese prosecutors indicted former Nissan Motor Co Chairman Carlos Ghosn on Monday on a charge of aggravated breach of trust, a Tokyo court said, bringing a fourth charge against him on the day his detention period was set to expire. Ghosn's lawyers filed a request for bail shortly after the latest indictment, which comes after authorities arrested him on April 4 for the fourth time, on suspicion he enriched himself by a total of US$5 million at Nissan's expense...

REUTERS: Activist investor Appaloosa LP responded to proposed concessions from the board of Allergan Plc by saying it had done everything "except what needs to be done" and calling on other investors to take further "disruptive" steps to change the company. The hedge fund, led by billionaire David Tepper, has been pressing Allergan since last year to separate the roles of CEO and chairman or potentially sell or merge the company...

In America's corporate boardrooms, diversity is making uneven progress - women increasingly are pulling up a chair while racial and ethnic minorities still rarely get seats at the table. Twenty-seven per cent of new directors at companies in the Russell 3000 Index were women during 2016-2018, up from 21 per cent in the previous three-year period, according to estimates by ISS Analytics in an analysis for Reuters News...

Japan was shocked by news that Nissan Motor Co. Chairman Carlos Ghosn, who was widely respected for rescuing the car maker from near bankruptcy, was arrested on Monday for alleged financial misconduct. Nissan said that Ghosn, who is also chairman and CEO of Renault and chairman of Mitsubishi Motors, would be fired from his post as Nissan chairman on Thursday...

Carl Icahn said on Monday VMWare should be worth US$300 per share, the activist investor's latest bid to scuttle Dell's plan to go public by buying back shares tied to its interest in the software company...

Bill Ackman's Pershing Square buys stake in Hilton Activist investor William Ackman's Pershing Square Capital Management has acquired a 3.7 percent stake in hotel operator Hilton Worldwide Holdings Inc, the activist hedge fund said on Thursday...

Campbell heirs to vote for own board, Third Point calls move a 'stunt' close breaking news Business Campbell heirs to vote for own board, Third Point calls move a 'stunt' Campbell Soup Co said on Wednesday that four key shareholders, all descendants of the company's former chairman John Dorrance, have formally aligned themselves against hedge fund Third Point LLC's plans to oust the embattled soupmaker's entire board...

REUTERS: Billionaire activist investor Carl Icahn is accumulating a significant stake in discount chain Dollar Tree Inc , the New York Post reported on Tuesday. Icahn's plans for the stake were not immediately clear, the report...

REUTERS: United Technologies Corp is exploring a sale of its Chubb Fire & Security division for more than US$3 billion, people familiar with the matter said on Monday...

REUTERS: Activist investor Daniel Loeb's Third Point LLC on Friday urged Campbell Soup Co's shareholders to vote in favor of the hedge fund's nominees. Third Point, which has launched a proxy fight to replace the American food company's 12-member board, unveiled a slate of nominees last week. Advertisement Third Point owned a 5.65 percent stake in Campbell as of Sept. 6, according to Reuters data...

Icahn calls for new leadership at Xerox close breaking news Business Icahn calls for new leadership at Xerox Activist investor Carl Icahn on Tuesday called for new leadership at Xerox Corp , the maker of printers and copiers, a day after he named four nominees to the company's board of directors. FILE PHOTO: The logo of Xerox company is seen on a building in Minsk, Belarus, March 21, 2016. REUTERS/Vasily Fedosenko/File Photo 2 related media assets (image or videos) available.

When its CEO learnt of its financial losses, he went on a collision course with the board. Inside the Storm looks at what went wrong and how Olympus recovered...