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    1. WeWork is Debating Whether to Take Power Away From Adam and Rebekah Neumann, its Husband and Wife Cofounders, to get its IPO Back on Track

      WeWork is Debating Whether to Take Power Away From Adam and Rebekah Neumann, its Husband and Wife Cofounders, to get its IPO Back on Track
      • WeWork is mulling whether to reduce CEO Adam Neumann's power to make its planned public offering more attractive to potential investors, The Financial Times reported.
      • The company and its advisors are considering whether to reduce Neumann's voting power from the 20 votes per share that he has now.
      • It's also debating whether to remove his wife, Rebekah Neumann, from her role in naming a successor to her husband if he dies or becomes debilitated...
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    2. The lawsuit Against Oracle's Larry Ellison and Safra Catz lists Some Eye-Popping Allegations Behind the $9.3 Billion NetSuite Deal

      The lawsuit Against Oracle's Larry Ellison and Safra Catz lists Some Eye-Popping Allegations Behind the $9.3 Billion NetSuite Deal
      • Oracle is in the middle of an interesting lawsuit in which its own board committee has given approval for a shareholder-initiated lawsuit to proceed on behalf of the company against its chairman Larry Ellison, CEO Safra Catz and other board members.
      • The suit alleges that Oracle's directors greatly overpaid when they crafted a deal to buy NetSuite for $9.3 billion in 2016.
      • NetSuite is a company that Ellison cofounded and controlled with about a 40% stake...
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    3. WeWork Reportedly Hired the Parents of a High-Ranking Exec as Real Estate Brokers, Among Other Potential Conflicts of Interest

      WeWork Reportedly Hired the Parents of a High-Ranking Exec as Real Estate Brokers, Among Other Potential Conflicts of Interest
      • WeWork, in its public offering documents, disclosed a slew of related-party transactions involving CEO Adam Neumann, his wife, and various family members.
      • But the company didn't disclose a collection of deals involving the family members of other company officials, according to a report in the Wall Street Journal...
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    4. Peloton Insiders will have 20 Votes Per Share — Twice as Many as Those at Other Startups — But CEO John Foley may not Wield all the Power after the IPO

      Peloton Insiders will have 20 Votes Per Share — Twice as Many as Those at Other Startups — But CEO John Foley may not Wield all the Power after the IPO
      • Like many startups that have gone public recently, Peloton will have a stock structure that gives extra votes to certain insiders.
      • Many companies with such arrangements give insiders 10 votes per share, but Peloton CEO John Foley and some early investors in the fitness firm will get 20 votes per share.
      • At least as things stand now, Foley wouldn't have majority control by himself, because he's not the biggest holder of super-voting shares...
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      Mentions: IPO Peloton
    5. Amazon's Infamous 1997 Letter to Shareholders was Reportedly Co-Written by the Company's First CFO, Joy Covey

      Amazon's Infamous 1997 Letter to Shareholders was Reportedly Co-Written by the Company's First CFO, Joy Covey
      • In 1997, Amazon issued its first letter to shareholders. It has since become infamous in the tech industry, and core to Amazon's origin story.
      • It laid out Amazon's long-term goals, and stressed to investors the importance of focusing on long-term value over short-term returns — a strategy since adopted by many major internet companies, from Uber to WeWork.
      • The letter is signed by Amazon CEO Jeff Bezos, and has always been attributed to him...
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      Mentions: Amazon
    6. The CEO of a $600 Million Startup Blasted Silicon Valley's Culture of Delaying IPOs, likening it to a College Victory Lap Paid for by VCs

      The CEO of a $600 Million Startup Blasted Silicon Valley's Culture of Delaying IPOs, likening it to a College Victory Lap Paid for by VCs
      • Better.com CEO Vishal Garg told Business Insider he'd like his rapidly growing mortgage-tech company, which just closed its Series C, to tap the public markets in two to three years.
      • He criticized the trend among startups of delaying an IPO in favor of basking in the private markets, likening it to a college victory lap that stunts maturation.
      • "It'd be kind of like staying in college six years rather than four years. It's a lot more fun. Nobody's watching...
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      Mentions: IPO
    7. Oracle is Suing Larry Ellison and Safra Catz Over The $9 Billion NetSuite Deal, Thanks to Letter Written by Three Oracle Board Members

      Oracle is Suing Larry Ellison and Safra Catz Over The $9 Billion NetSuite Deal, Thanks to Letter Written by Three Oracle Board Members
      • A three-member committee of Oracle's board has written an extraordinary letter to a Delaware court.
      • The letter, dated August 15, grants permission for a shareholder-initiated lawsuit to proceed against Oracle founder and chairman Larry Ellison, as well as one of Oracle's co-CEOs, Safra Catz.
      • This is a "derivative lawsuit" meaning it was filed on behalf the company against the directors...
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      Mentions: Oracle NetSuite
    8. WeWork's Founder and CEO Didn't Take a Salary Last Year as the Company Prepared for its Massive IPO

      WeWork's Founder and CEO Didn't Take a Salary Last Year as the Company Prepared for its Massive IPO
      • WeWork's CEO was paid nothing in 2018, the company said in its initial public offering filing on Wednesday.
      • Adam Neumann is worth an estimated $4.1 billion after founding the company a decade ago.
      • WeWork, the $47 billion co-working company, is going public. Here's everything we know about what's going on.
      Adam Neumann, the billionaire Israeli businessman and founder of WeWork, didn't take a salary in 2018, the company said Wednesday...
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    9. Top Oracle Execs Larry Ellison, Mark Hurd and Safra Catz Failed to Earn all of Their Annual Bonuses this Year

      Top Oracle Execs Larry Ellison, Mark Hurd and Safra Catz Failed to Earn all of Their Annual Bonuses this Year
      • For the second year in a row, Oracle's board has told investors that its trio of top execs — CEO Safra Catz, fellow CEO Mark Hurd, and CTO Larry Ellison — won't be getting their all of their bonuses.
      • The company says they didn't meet the business objectives, including specific cloud computing revenue targets.
      • And for the second year in a row, this loss of bonuses is a bit of a red herring...
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    10. Capital One says it was hit with Data Breach, Affecting Tens of Millions of Credit Card Applications

      Capital One says it was hit with Data Breach, Affecting Tens of Millions of Credit Card Applications
      • Capital One says it was hit with a data breach, affecting an estimated 100 million US individuals and approximately 6 million in Canada.
      • Paige A. Thompson, a former software engineer, was arrested Monday by FBI in Seattle.
      • She appeared in court and was charged with a single count of computer fraud and abuse, which carries a sentence of up to five years in prison and a $250,000 fine...
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      Mentions: Capital One
    11. The SEC is Scrutinizing Whether Mutual Funds Need to Shed More Light on stakes in unicorns like WeWork and Airbnb — and it could mean more protections for mom-and-pop investors

      The SEC is Scrutinizing Whether Mutual Funds Need to Shed More Light on stakes in unicorns like WeWork and Airbnb — and it could mean more protections for mom-and-pop investors
      • The SEC is stepping up scrutiny of mutual funds that hold investments in private companies, according to three people with knowledge of the agency's discussions.
      • Officials have reached out to mutual fund managers and others, asking for input into whether the regulator is doing enough to protect retail investors from the risk that comes from allowing mutual funds to invest in private companies, the people said...
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      Mentions: SEC
    12. Facebook’s Privacy Settlement is Such a Joke, Mark Zuckerberg Likely Celebrated its Signing

      Facebook’s Privacy Settlement is Such a Joke, Mark Zuckerberg Likely Celebrated its Signing

      The agreement Facebook struck with the Federal Trade Commission this week to end the agency’s investigation into its alleged privacy violations was a good deal for the company. Facebook can easily afford the $5 billion penalty, and the FTC could have legitimately assessed it a much higher fine. The supposed restrictions in the agreement on its business are fairly meaningless – they generally don’t limit its ability to collect personal data from consumers...

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      Mentions: Mark Zuckerberg
    13. Uber Just Lost 2 Board Members, Including Ariana Huffington, an Ally of Ousted Founder Travis Kalanick

      Uber Just Lost 2 Board Members, Including Ariana Huffington, an Ally of Ousted Founder Travis Kalanick
      • Ariana Huffington and Matt Cohler have resigned from Uber's board of directors, the company said Wednesday.
      • Huffington joined the board in 2016 at the request of the ousted founder Travis Kalanick.
      • Their departures were not acrimonious, the company said.
      • Visit Business Insider's homepage for more stories.

      Ariana Huffington and Matt Cohler are leaving Uber's board of directors effective immediately, the company said Wednesday...

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    14. Warburg Pincus Landed a $1 Billion Deal with a Twist — One Brother is on Warburg's Energy Team, Another is an Exec at the Company it Backed.

      Warburg Pincus Landed a $1 Billion Deal with a Twist — One Brother is on Warburg's Energy Team, Another is an Exec at the Company it Backed.
      • An executive of an oil-and-gas company that Warburg Pincus just backed is the brother of one of the private-equity firm's energy-focused managing directors, Business Insider has learned.
      • The unusual situation, a potential conflict of interest, meant that Warburg managing director David Habachy could not be involved in decision-making on the deal, according to a person familiar with the matter...
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    15. 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
    16. 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
    17. 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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    18. 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
    19. 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
    20. 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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    21. 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
    1-24 of 1351 1 2 3 4 ... 55 56 57 »
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