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    1. Pinterest’s IPO Structure Could Give CEO Ben Silbermann the Right to Control the Company from Beyond the Grave

      Pinterest’s IPO Structure Could Give CEO Ben Silbermann the Right to Control the Company from Beyond the Grave
      • Pinterest's S-1, publicly filed on Friday, revealed a unique share structure.
      • The company has dual-class shares, which give some shareholders, like founding CEO Ben Silbermann, greater voting powers than other investors.
      • But the structure also gives Silbermann's estate the ability to retain its extra voting superpowers for between 90 days and 540 days after his death.

      Silicon Valley's power players are already preparing for the grim spectre of mortality...

      Read Full Article
    2. Hot Video Meeting Startup Zoom Filed to Go Public, and it's Profitable

      Hot Video Meeting Startup Zoom Filed to Go Public, and it's Profitable
      • Zoom, the $1 billion video conferencing startup, publicly filed for an IPO on Friday.
      • The company didn't price its upcoming IPO, but indicated in the filing that it will list on the Nasdaq under the ticker symbol "ZM."
      • The company is profitable, and grew revenue 118% in fiscal 2019.
      • Zoom was last privately valued at $1 billion or more...
      Read Full Article
      Mentions: IPO Cisco Uber
    3. Bill Gates is $9.5 Billion Richer Than He Was a Year Ago, Worth Over $100 Billion, But Not Just From Microsoft

      Bill Gates is $9.5 Billion Richer Than He Was a Year Ago, Worth Over $100 Billion, But Not Just From Microsoft
      • Bill Gates is one of the world's biggest philanthropists who has given away billions of dollars of his money.

      • That's why so many people think that Gates' personal wealth is shrinking as he gives his money away.

      • But it isn't. Gates is astoundingly rich and getting richer all the time.

      • And he just joined a two-man club of people worth more than $100 billion...

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    4. Asset Manager Franklin Templeton Removed John B. Wilson From its Board After he was Caught up in the College Admissions Bribery Scheme

      Asset Manager Franklin Templeton Removed John B. Wilson From its Board After he was Caught up in the College Admissions Bribery Scheme
      • Investment management firm Franklin Templeton removed investor John B. Wilson from its board of directors after he was among dozens of people indicted by the FBI on Tuesday in an alleged college admissions bribery scheme.
      • Wilson served as the lead independent trustee of 112 portfolios in the fund complex of Franklin Templeton Funds. He was also the designated financial expert of Franklin Funds' audit committee...
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    5. Google Co-Founder Larry Page Threatened to Leave if the Company Didn't Find a Way to Keep Him in Control, Newly Unsealed Court Docs Reveal

      Google Co-Founder Larry Page Threatened to Leave if the Company Didn't Find a Way to Keep Him in Control, Newly Unsealed Court Docs Reveal
      • Larry Page, Google's cofounder, threatened to leave the company in 2011, Bloomberg reported Wednesday.
      • Together with fellow cofounder Sergey Brin and top executive Eric Schmidt, Page held shares with super-voting powers that gave the threesome control over Google.
      • Page was worried he'd lose that control if Brin or Schmidt sold their shares, according to recently unsealed court records viewed by Bloomberg...
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    6. MoviePass' Parent Company Admits Investors Can't Rely on Some of its Previous Financial Statements, and Says it Underestimated Losses

      MoviePass' Parent Company Admits Investors Can't Rely on Some of its Previous Financial Statements, and Says it Underestimated Losses
      • MoviePass' parent company, Helios and Matheson Analytics (HMNY), said in a filing with the Securities and Exchange Commission on Tuesday that its previously issued quarterly and year-to-date financial statements were not accurate.
      • The company said the errors related primarily to the "overstatement of subscription revenues" in the third quarter of 2018 for MoviePass.
      • The result was an underestimated net loss for HMNY of $6.6 million, the company estimated...
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      Mentions: Investors SEC Nasdaq
    7. A Former Tesla Employee has filed a Whistleblowing Tip with the SEC Alleging that Tesla Workers were Skeptical of the Deal Mentioned in Elon Musk's 'funding secured' Tweet

      A Former Tesla Employee has filed a Whistleblowing Tip with the SEC Alleging that Tesla Workers were Skeptical of the Deal Mentioned in Elon Musk's 'funding secured' Tweet
      • A former Tesla employee has filed a whistleblower tip with the Securities and Exchange Commission (SEC), the law firm representing the employee said in a statement on Monday.
      • The tip corroborates a prior tip that claimed Tesla did not disclose to shareholders the theft of raw materials and the unauthorized surveillance and hacking of employee devices, Meissner Associates said...
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      Mentions: SEC Tesla lawsuit
    8. Bank of America has a Simple Solution for Companies Looking to Boost their Stocks: Put More Women in Charge. Here are the Charts that Prove it.

      Bank of America has a Simple Solution for Companies Looking to Boost their Stocks: Put More Women in Charge. Here are the Charts that Prove it.
      • Companies with more women in top jobs have better returns and steadier earnings, according to Bank of America Merrill Lynch. Their stocks also trade at higher premiums.
      • The report is just the latest linking gender diversity to better run companies and more successful stocks. UBS also recently reached a similar conclusion...
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    9. Elon Musk Said it Was a Mistake Not Letting Shareholders Join a Conference Call Where he Changed his Prediction About Tesla's Q1 Profitability

      Elon Musk Said it Was a Mistake Not Letting Shareholders Join a Conference Call Where he Changed his Prediction About Tesla's Q1 Profitability
      • Tesla made a recording of a conference call with reporters available on its website Wednesday after CEO Elon Musk said the automaker's handling of the call "was a mistake."
      • During the February 28 call, Musk changed a prediction about Tesla's profitability in the first quarter of this year.
      • Tesla shareholder Galileo Russell tweeted at Musk on Tuesday, saying he was frustrated by Tesla's failure to allow shareholders to listen to the call or read a transcript of it...
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    10. Carlos Ghosn Pays $9 Million Bail to Escape 'Terrible Ordeal' After 108 days in Prison

      Carlos Ghosn Pays $9 Million Bail to Escape 'Terrible Ordeal' After 108 days in Prison
      • Former Nissan Chairman and Renault CEO Carlos Ghosn paid one of the largest bail fees in the history of Japan — 1 billion yen ($8.9 million) — to escape jail after 108 days on Wednesday.
      • Dressed like a Japanese road worker, Ghosn suggested he had been through a "terrible ordeal" but the story isn't over for the former motoring titan as he moves to a court approved home in Tokyo...
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    11. Papa John's Settles With Founder John Schnatter

      Papa John's Settles With Founder John Schnatter
      • Papa John's and founder John Schnatter have reached a settlement.
      • Schnatter will drop his lawsuit agains the pizza chain and resign as an independent director.
      • He will help find a replacement.
      • Watch Papa John's trade live.

      The pizza chain Papa John's and founder John Schnatter have reached an agreement that will remove Schnatter from the company's board of directors...

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    12. 3 Unanswered Questions From Lyft's Long-Awaited IPO Filing

      3 Unanswered Questions From Lyft's Long-Awaited IPO Filing
      • Lyft on Friday publicly filed its paperwork for an initial public offering.
      • The documents provided the first look at important details about Lyft's business.
      • But Lyft didn't offer answers to some of the most important questions that could affect its IPO and future.

      The paperwork Lyft filed Friday for its initial public offering gave us important new details about the company.

      But it also left unanswered some crucial questions...

      Read Full Article
    13. Bristol-Myers Squibb has $2.2 Billion at Stake if its Deal to Acquire Celgene Falls Apart, and Opposition is Mounting

      Bristol-Myers Squibb has $2.2 Billion at Stake if its Deal to Acquire Celgene Falls Apart, and Opposition is Mounting
      • Opposition to pharmaceutical company Bristol-Myers Squibb's $74 billion acquisition of Celgene is growing.

      • The deal is facing pushback from Bristol-Myers' second-largest shareholder, the investment firm Wellington Management, as well as from activist investor Starboard Value.

      • If Bristol-Myers shareholders oppose the deal at an April meeting, the pharma giant may owe Celgene $2.2 billion and other fees...

      Read Full Article
    14. Breaking News: SEC Says Elon Musk Violated his Settlement with the Agency and Asks a Judge to Hold Him in Contempt of Court

      Breaking News:  SEC Says Elon Musk Violated his Settlement with the Agency and Asks a Judge to Hold Him in Contempt of Court
      • Tesla CEO Elon Musk violated the terms of his agreement with the Securities and Exchange Commission, the agency said in a court filing Monday.
      • In a tweet last week, Musk said Tesla would produce 500,000 vehicles this year then later corrected himself and said it would only make about 400,000.
      • Tesla acknowledged in a letter that Musk's first production tweet wasn't preapproved by the company...
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      Mentions: SEC Twitter Tesla
    15. We're Hunting for an 'Elephant-Sized Acquisition'

      We're Hunting for an 'Elephant-Sized Acquisition'
      • Warren Buffett, the chairman and CEO of Berkshire Hathaway, released his annual letter to shareholders on Saturday.
      • Buffett wrote that he and his vice chairman, Charlie Munger, still hoped to make a large acquisition.
      • Buffett said in last year's letter that he wanted to make a big deal, but companies' valuations were too expensive...
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    16. Elon Musk's Tweets Show That Tesla's Revamped Board is Still Bad at its Job — and it Could Get The Company Into Even More Trouble

      Elon Musk's Tweets Show That Tesla's Revamped Board is Still Bad at its Job — and it Could Get The Company Into Even More Trouble

      Tesla's board is still failing to monitor Elon Musk's tweets. Musk tweeted a false production target for Tesla this week, then took hours to correct himself. Even after he did, he left the misleading tweet online. The incident could get the company and Musk in trouble again with the SEC, which specifically ordered Tesla to oversee his investor communications on Twitter and elsewhere...

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      Mentions: SEC Twitter Tesla
    17. The 25 CEOs Whose Pay is Most Wildly Out of Sync With Their Company's Performance

      The 25 CEOs Whose Pay is Most Wildly Out of Sync With Their Company's Performance
      • Check out which 25 CEOs on the S&P 500 earn a salary that's higher than expected, given shareholder return.
      • The list appears in a report from As You Sow, a nonprofit focused on shareholder advocacy.
      • As You Sow also calculated the ratio of CEO pay to median employee pay.
      • Ronald F. Clarke, CEO of Fleetcor Technologies Inc., took the top spot: He makes about $53 million a year, which means he's overpaid by 263%.

      Most CEOs make a lot of money. No surprise there...

      Read Full Article
      Mentions: Disney Oracle AMP
    18. The Era of the All-Powerful Tech CEO Has Only Just Begun, Even Though Facebook and Snap Show Why That's a Bad Thing

      The Era of the All-Powerful Tech CEO Has Only Just Begun, Even Though Facebook and Snap Show Why That's a Bad Thing
      • At a growing number of companies, particularly in the tech sector, CEOs and other insiders have outsized control over their corporate decisions.
      • The executives have that control through special shares that give them extra votes. Such arrangements used to be rare, but are becoming much more common.
      • Lyft and several other tech companies that are likely to hold their initial public offerings this year will likely debut with such dual-class stock structures...
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      Mentions: Investors IPO Google
    19. A Key Barclays Investor Which Backed CEO Jes Staley Has Cut its Entire Stake in a Major Blow to the Lender

      A Key Barclays Investor Which Backed CEO Jes Staley Has Cut its Entire Stake in a Major Blow to the Lender
      • One of Barclays' largest investors, US hedge fund Tiger Global, has sold its entire holding in the bank.
      • It is a major blow to the lender as it bids to turnaround its performance in its investment banking division.
      • Tiger Global had been a major backer of CEO Jes Staley, but the move points to a weaker sentiment in the lender.

      One of the largest shareholders in Barclays has cut its stake in the lender during a crucial period for the bank...

      Read Full Article
    1-24 of 1288 1 2 3 4 ... 52 53 54 »
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