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    1. Jeffrey Epstein Was the Sole Director of Private Equity Guru Leon Black's Family Foundation for More than a Decade. Epstein Stayed on Even After Pleading Guilty to Soliciting Prostitution.

      Jeffrey Epstein Was the Sole Director of Private Equity Guru Leon Black's Family Foundation for More than a Decade. Epstein Stayed on Even After Pleading Guilty to Soliciting Prostitution.
      • Jeffrey Epstein, the financier charged with sex trafficking minors, was the sole director for private equity giant Leon Black's family foundation for more than a decade, tax filings seen by Business Insider reveal. Epstein stayed on even after pleading guilty to soliciting prostitution.
      • Black co-founded $247 billion Apollo Global Management. He and his wife started a foundation in 1998 that donates to groups including a charter school network and religious organizations...
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      Mentions: Jeffrey Epstein
    2. Breaking News: Deutsche Bank is Cutting 18,000 Jobs, Exiting the Stock Sales and Trading Business, and Shuffling Leadership in a 'radical transformation'

      Breaking News:  Deutsche Bank is Cutting 18,000 Jobs, Exiting the Stock Sales and Trading Business, and Shuffling Leadership in a 'radical transformation'
      • Deutsche Bank announced that as part of a "radical transformation," it's cutting 18,000 jobs by 2022.
      • The bank says it's dropping its stock sales and trading unit, and creating a new "Corporate Bank" to focus on commercial and corporate clients.
      • The bank also announced that Chief Regulatory Officer Sylvie Matherat and retail head Frank Strauß will be leaving the company...
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      Mentions: Deutsche Bankl
    3. Inside Slack's Direct Listing; State Street Goes toe-to-toe with BlackRock

      Inside Slack's Direct Listing; State Street Goes toe-to-toe with BlackRock

      Dear readers,

      Slack's non-IPO was no doubt the big story of the week, with its success leading some to predict the market could soon see many more direct listings.

      Colin Stewart, Morgan Stanley's lead banker on Slack's public debut, told Bloomberg we could see as many as five direct listings in 2020. To put that into context, the only two high profile direct listings in the last two years have been Slack and Spotify...

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    4. Elon Musk Deletes Tweet Attacking Tesla Co-Founder Martin Eberhard

      Elon Musk Deletes Tweet Attacking Tesla Co-Founder Martin Eberhard
      • Tesla CEO Elon Musk had harsh criticism of ousted Tesla co-founder Martin Eberhard over the weekend.
      • In a now-deleted tweet, Musk said "Tesla is alive in spite of Eberhard, but he seeks credit constantly & fools give it him."
      • The billionaire also tweeted that he had deleted his Twitter account (which was not true as of Monday morning), and received criticism for comments about the necessity of crediting artists for their work...
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      Mentions: Twitter Tesla lawsuit
    5. Elon Musk got ‘paid’ $2.3 billion last year but actually earned $0, and this shows how complicated CEO compensation has become

      Elon Musk got ‘paid’ $2.3 billion last year but actually earned $0, and this shows how complicated CEO compensation has become

      Elon Musk got ‘paid’ $2.3 billion last year but actually earned $0, and this shows how complicated CEO compensation has become By - June 11, 2019 A recent report from The New York Times indicated that Tesla CEO Elon Musk received stock options worth nearly $2.3 billion in 2018, more than 17 times the reported compensation of the next-highest executive on the list.

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      Mentions: SEC Tesla risk
    6. Fortune 500 companies increased gender diversity in 2018

      Fortune 500 companies increased gender diversity in 2018

      There's a record number of women on the boards of Fortune 500 companies. Racial and ethnic minorities, not so much. Allana Akhtar twitter Women filled 183 of the 462 open board room positions at Fortune 500 companies , according to a new report. Racially diverse candidates did not see the same gains, though. African-American candidates filled just 11% of new board seats. Greater diversity in leadership leads to fewer errors and greater innovation, according to research.

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    7. Tesla’s Largest Institutional Investor is Standing by the Firm Through Various Scandals

      Tesla’s Largest Institutional Investor is Standing by the Firm Through Various Scandals
      • Baillie Gifford, the largest institutional investor in Tesla, increased its stake in the company during the first quarter despite all the controversy surrounding the electric carmaker.
      • We recently asked Andrew Telfer, the $252 billion asset manager's joint senior partner, what it takes for the firm to sell a company it has invested in for the long haul...
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      Mentions: Amazon Tesla stake
    8. Facebook Shareholder Revolt Gets Bloody: Powerless Investors Vote Overwhelmingly to Oust Mark Zuckerberg as Chairman

      Facebook Shareholder Revolt Gets Bloody: Powerless Investors Vote Overwhelmingly to Oust Mark Zuckerberg as Chairman

      It’s now clear that independent Facebook investors voted overwhelmingly in support of proposals last week to fire Mark Zuckerberg as chairman and scrap the firm’s share structure. According to the results of votes at Facebook’s annual shareholder meeting, 68% of outside investors want the company to hire an independent chairman. The majority was up from 51% last year...

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    9. Uber's First Employee and one of Travis Kalanick's Last Allies has left the Company's Board just 2 weeks after IPO

      Uber's First Employee and one of Travis Kalanick's Last Allies has left the Company's Board just 2 weeks after IPO
      • Ryan Graves, Uber employee number 1 and its former CEO, is leaving Uber's board of directors, the company said in a filing Friday.
      • It's unclear why Graves is leaving the board. The company said in its filing that the departure is not related to any disagreements.
      • Graves' resignation comes just two weeks after Uber went public. Graves' personal stake in the company is valued around $1.4 billion...
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      Mentions: SEC IPO Uber
    10. The SEC is Reportedly Investigating Whether Boeing was Transparent Enough with Shareholders About Problems with the 737 Max

      The SEC is Reportedly Investigating Whether Boeing was Transparent Enough with Shareholders About Problems with the 737 Max
      • The Securities and Exchange Commission (SEC) is investigating whether Boeing gave shareholders sufficient information about problems with its 737 Max aircraft, Bloomberg reported.
      • The agency is also reportedly examining financial documents from the aerospace manufacturer to determine whether it properly accounted for the potential impact of issues associated with the 737 Max.
      • The SEC declined to comment. Boeing did not immediately respond to Business Insider's request for comment...
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      Mentions: SEC crisis Bloomberg
    11. Jeff Bezos Blew off Amazon Employees' Proposal at the Shareholder's Meeting and they were Miffed: 'This is not the kind of leadership we need'

      Jeff Bezos Blew off Amazon Employees' Proposal at the Shareholder's Meeting and they were Miffed: 'This is not the kind of leadership we need'
      • Nearly 8,000 employees have signed an open letter asking Amazon to commit to become a climate-change leader instead of a climate change contributor.
      • They expected to present their ideas directly to their boss, CEO Jeff Bezos, at the company's annual shareholder's conference where he was scheduled to appear.
      • But Bezos didn't show up to listen to them.
      • Although 50 of them were in the room, the company also did not allow any of them to ask a question of him...
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    12. BP's Chairman Says 'the world can't continue along its current path' and That The Energy Giant Will Become More Transparent in Response to Investor Demands

      BP's Chairman Says 'the world can't continue along its current path' and That The Energy Giant Will Become More Transparent in Response to Investor Demands
      • BP chairman Helge Lund promised a long-term transformation to a "low-carbon energy system" in a Financial Times editorial.
      • At its annual general meeting on Tuesday, BP accepted a shareholder resolution to adopt transparency about how its strategy is in accordance with the Paris Agreement on climate change.
      • BP and its competitors are facing significant pressure from investor groups for addressing climate change, including from CA100+, whose members control a total of $33 trillion AUM...
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      Mentions: Scotland Shell Europe
    13. Deutsche Bank Pay is Driving a Wedge Between Veterans on 'Mickey Mouse Money' and a Slew of Better-Paid New Hires — and a $62 Million Bonus for the Board Adds Extra Sting

      Deutsche Bank Pay is Driving a Wedge Between Veterans on 'Mickey Mouse Money' and a Slew of Better-Paid New Hires — and a $62 Million Bonus for the Board Adds Extra Sting
      • Deutsche Bank has been splashing out on new hires and paying out a big bonus to the board, infuriating veterans who saw their pay slump.
      • Deutsche Bank's bosses may face shareholder wrath ahead of a key annual meeting on Thursday.
      • Senior staff are forced to hold the stock as part of their pay. The shares reached record lows this week...
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    14. Amazon Air Pilots are Picketing the Company's Annual Shareholder Meeting as They Fight For Better Pay

      Amazon Air Pilots are Picketing the Company's Annual Shareholder Meeting as They Fight For Better Pay
      • Pilots for three airlines that operate much of Amazon's Air delivery service are set to picket Amazon's annual meeting on Wednesday.
      • The group says the companies have purposefully stalled negotiating a new contract for more than three years.
      • Pilots who spoke to Business Insider said their worried another accident — like that involving an Atlas Air jet in February — could happen again soon as crews are stretched thin...
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    15. Bernie Sanders is Planning to Crash Walmart's Next Shareholders Meeting and Argue Hourly Workers Deserve a Spot on the Company's Board

      Bernie Sanders is Planning to Crash Walmart's Next Shareholders Meeting and Argue Hourly Workers Deserve a Spot on the Company's Board
      • Sen. Bernie Sanders will attend Walmart's shareholders meeting on June 5.
      • He reportedly plans to boost a shareholder proposal to include hourly employees on the company's board.
      • A Walmart spokesperson told Business Insider that the company hopes Sanders will not approach the event as a "campaign stop."

      Sen. Bernie Sanders, one of Walmart's biggest critics, is crashing the retail giant's annual shareholder meeting this year...

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    16. Inside Amazon's Battle to Kill an Unprecedented Shareholder Revolt Over Facial Recognition

      Inside Amazon's Battle to Kill an Unprecedented Shareholder Revolt Over Facial Recognition
      • Amazon shareholders will stage an unprecedented vote on Wednesday on whether to stop the company from selling its facial recognition technology to government agencies.
      • Activist shareholders are concerned that the technology, known as Rekognition, will be used for surveillance and has been found to produce inaccurate results...
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      Mentions: SEC Amazon Sky
    17. Uber Wanted to IPO with a $120 Billion Valuation But Ran Into Trouble When Some of its Biggest Shareholders Held Out for a Lower Price

      Uber Wanted to IPO with a $120 Billion Valuation But Ran Into Trouble When Some of its Biggest Shareholders Held Out for a Lower Price
      • Uber wanted to go public with the $120 billion valuation pitched by bankers at Morgan Stanley and Goldman Sachs ahead of its initial public offering, but the company ultimately listed with a $75.5 billion market cap.
      • One reason is that institutional investors, many who privately owned Uber stock, didn't want to buy more shares at the higher price, according to The New York Times...
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    18. UBiome's Independent Directors are Ditching the Healthcare Startup Following an FBI Raid

      UBiome's Independent Directors are Ditching the Healthcare Startup Following an FBI Raid
      • Microbiome-testing company uBiome's board now only has one independent director, following a raid of the company by the FBI in April.
      • In a letter to investors sent Tuesday, a special committee of uBiome's board of directors said that two board members, UCSF professor Joe DeRisi and early founder Witt Wisebram, have resigned...
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    19. Impact Investing is the Quiet Revolution Taking Shape Across our Economy — and it’s Just Getting Started

      Impact Investing is the Quiet Revolution Taking Shape Across our Economy — and it’s Just Getting Started
      • Jean Case is the CEO of the Case Foundation and chairman of the National Geographic Society.
      • In this op-ed, she writes that businesses can be a powerful tool for social good, and that social impact-driven brands are generating compelling financial returns for investors.
      • If the growth trend continues, it suggests that impact investing is on a track to hit a trillion dollars in the near future — bringing it toward the mainstream...
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    20. A Slack Director is in Hot Water With The SEC for Saying the Company, Which Just Filed to go Public, 'will be one of the most important tech companies in the world'

      A Slack Director is in Hot Water With The SEC for Saying the Company, Which Just Filed to go Public, 'will be one of the most important tech companies in the world'
      • Slack director Chamath Palihapitiya made "unauthorized statements" in a TV interview, the company disclosed in an SEC filing related to its IPO.
      • Palihapitiya shared his insights into the Slack IPO in a CNBC interview, saying the office-messaging tool "will be one of the most important tech companies in the world."...
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      Mentions: SEC IPO Facebook
    21. A Hot New Activist Fund is Pushing for Change at Wyndham Hotels to Save the Company Money and help the Environment

      A Hot New Activist Fund is Pushing for Change at Wyndham Hotels to Save the Company Money and help the Environment

      Impactive Capital Co-founder Lauren Taylor Wolfe told attendees at the Sohn Investment Conference that her firm is going to advocate for changes to Wyndham Hotels' energy use to increase the value of the hotel chains' stock. Wyndham, which includes brands like Days Inn and recently bought La Quinta Inns, is protected from new competition like AirBnB because of its low prices, Wolfe said...

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    22. Hedge Fund Marcato Will Fight Against Acreage's Sale to Canopy Growth

      Hedge Fund Marcato Will Fight Against Acreage's Sale to Canopy Growth
      • Activist hedge fund Marcato Capital Management says it will vote against marijuana retailer Acreage Holdings' landmark sale to Canopy Growth.
      • Canopy Growth paid $300 million in April for the right to buy Acreage Holdings pending the federal legalization of marijuana in the US.
      • The shareholder vote is expected to happen in June...
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    23. Warren Buffett says Berkshire Hathaway is Buying up Shares of Amazon, Hours Before its Big Annual Shareholders' Meeting

      Warren Buffett says Berkshire Hathaway is Buying up Shares of Amazon, Hours Before its Big Annual Shareholders' Meeting
      • Berkshire Hathaway has bought shares of Amazon, according to a CNBC report on Thursday.
      • Warren Buffett, Berkshire's chairman and CEO, did not directly purchase the Amazon shares himself.
      • "Yeah, I've been a fan, and I've been an idiot for not buying," Buffett said according to CNBC, referring to Amazon shares. "But I want you to know it's no personality changes taking place."...
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