1. 25-48 of 1331 « 1 2 3 4 5 ... 54 55 56 »
    1. Tesla is Shuffling its Board of Directors Amid Ongoing Negotiations with the Securities and Exchange Commission

      Tesla is Shuffling its Board of Directors Amid Ongoing Negotiations with the Securities and Exchange Commission
      • Tesla on Friday announced four members of its board of directors will leave their posts once their terms have ended.
      • Brad Buss and Linda Johnson Rice will not pursue reelection to the board at Tesla's stockholders' meeting in June. And in 2020, Steve Jurvetson's tenure will officially end. Jurvetson has been on leave following accusations of sexual misconduct at his venture-capital firm Draper, Fisher, Jurvetson in 2017...
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    2. ‘Alarm Bells’‘ Should be Ringing in Corporate Boardrooms Over the Challenges Facing our Communities

      ‘Alarm Bells’‘ Should be Ringing in Corporate Boardrooms Over the Challenges Facing our Communities
      • Jamie Dimon is the chairman and CEO of  JPMorgan Chase & Co.
      • In this op-ed, he writes that corporate boardrooms should be concerned about the grave challenges facing our communities, like growing inequality, the opioid crisis, and rising suicide rates.
      • Long-term business success depends on community success — and making this happen requires business leaders to buck short-termism that too often drives the markets...
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    3. The DOJ Reportedly Pours Cold Water on Sprint and T-Mobile's Merger

      The DOJ Reportedly Pours Cold Water on Sprint and T-Mobile's Merger
      • Shares of the US telecom provider Sprint are tumbling in premarket trading after a Wall Street Journal report indicated the company's planned merger with T-Mobile was unlikely in its current form.
      • The Department of Justice's (DOJ) antitrust division has concerns with the deal's current structure and the potential threat it would cause to competition.
      • T-Mobile and Sprint are the the third and fourth largest carriers by subscribers....
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    4. Boeing's CEO Should be Removed as Chairman of the Company's Board Amid its 737 Max Crisis, a Major Shareholder Advisor Says

      Boeing's CEO Should be Removed as Chairman of the Company's Board Amid its 737 Max Crisis, a Major Shareholder Advisor Says
      • A major proxy advisor is urging Boeing investors to require an independent board chairman at the company's annual meeting on April 29.
      • Boeing CEO Dennis Muilenburg currently serves as an independent director of the company's board.
      • ISS says the board needs an independent chairman if it wants to weather the crisis that has seen the 737 Max, its best-selling plane, grounded worldwide for more than a month...
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    5. Facebook Investors are Making Another Dramatic Bid to Oust Mark Zuckerberg and Abolish the Firm’s Share Structure

      Facebook Investors are Making Another Dramatic Bid to Oust Mark Zuckerberg and Abolish the Firm’s Share Structure

      Facebook’s activist shareholders are making another attempt to fire Mark Zuckerberg as chairman and rip up the company’s share structure. They will vote on two proposals to overhaul Facebook’s governance at the social network’s annual shareholder meeting on May 30. Some investors are unhappy about the tsunami of scandals that have engulfed Facebook and believe that Zuckerberg has too much power. Their chances of success are extremely slim, however...

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    6. Facebook is Appointing Peggy Alford to be the first African-American Woman on its Board, as Netflix CEO Reed Hastings Prepares to Leave

      Facebook is Appointing Peggy Alford to be the first African-American Woman on its Board, as Netflix CEO Reed Hastings Prepares to Leave
      • There are significant changes afoot on Facebook's board.
      • The company is nominating PayPal exec Peggy Alford for election to the board, and she will be the first African-American woman to serve as a director at Facebook.
      • Netflix CEO Reed Hastings and former White House official Erskine Bowles are leaving...
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    7. Chevron is Buying Anadarko in a $33 Billion Oil Megadeal

      Chevron is Buying Anadarko in a $33 Billion Oil Megadeal
      • Anadarko Petroleum is being bought by Chevron Corporation in a $33 billion megadeal, sending Anadarko's shares up by 30%.
      • Chevron, the world's third-largest energy company expects the deal to enhance its shale, deepwater, and natural gas operations.
      • Chevron expects to realize $2 billion in synergies from the deal, but take on $15 billion in debt.
      • It plans to divest between $15 billion and $20 billion of assets between 2020 and 2022, allowing it to slash debt and return cash to shareholders...
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      Mentions: acquisition Chevron
    8. Jeff Bezos Made a Jab at eBay in his Annual Shareholder Letter, Boasting that 'independent sellers do so much better selling on Amazon'

      Jeff Bezos Made a Jab at eBay in his Annual Shareholder Letter, Boasting that 'independent sellers do so much better selling on Amazon'
      • Amazon CEO Jeff Bezos published his annual letter to shareholders on Thursday.
      • In the letter, Bezos compared the growth in merchandise sales of third-party sellers on Amazon since 1999 with the growth of third-party sales on eBay during the same time period, which shows Amazon beating out its rival.
      • Bezos also wrote that compared to Amazon's sales of its own merchandise, "third-party sellers are kicking out first party butt. Badly."...
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      Mentions: Amazon risk eBay
    9. Boeing Shareholders Are Suing the Company, Claiming it Put Safety At Risk in a Reckless Pursuit of Profits that Ended in the 2 Fatal 737 Max Crashes

      Boeing Shareholders Are Suing the Company, Claiming it Put Safety At Risk in a Reckless Pursuit of Profits that Ended in the 2 Fatal 737 Max Crashes
      • Boeing's problems continue to mount after shareholders launched a legal challenge, claiming they were defrauded over the 737 Max's safety deficiencies.
      • The lawsuit alleges securities fraud violations after the company's stock plummeted $34 billion since a fatal crash in Ethiopia last month, the second of two.
      • Boeing "effectively put profitability and growth ahead of airplane safety and honesty," according to the filing at a Chicago federal court, as reported by Reuters...
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      Mentions: risk lawsuit Fraud
    10. Former Nissan CEO Carlos Ghosn Slams Executives for 'Playing a Dirty Game'

      Former Nissan CEO Carlos Ghosn Slams Executives for 'Playing a Dirty Game'
      • Embattled former Nissan-Renault-Mitsubishi executive Carlos Ghosn has released a video Tuesday citing "dirty games" played by Nissan executives after he was recently re-arrested.
      • The former CEO was expected to give a press conference on April 11 but the automotive executive was arrested for the fourth time since November last week instead.
      • Ghosn posted one of the largest bail figures ever in Japan last month as his ordeal against the country's authorities continues...
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    11. 'I Will Nuke You': Elon Musk Was Accused of Shoving and Threatening a Former Tesla Employee — But the Company's Board Says There Was No Physical Altercation

      'I Will Nuke You': Elon Musk Was Accused of Shoving and Threatening a Former Tesla Employee — But the Company's Board Says There Was No Physical Altercation
      • Tesla's board of directors investigated an incident between CEO Elon Musk and a former employee, the company confirmed Friday.
      • Bloomberg News first reported on the altercation, citing sources that said the incident involved physical contact.
      • Musk has been known for a temperamental management style, as documented by many past reports...
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    12. Judge Orders Elon Musk to Meet With The SEC 'for at Least One Hour'

      Judge Orders Elon Musk to Meet With The SEC 'for at Least One Hour'
      • Tesla CEO Elon Musk will meet with SEC officials for at least one hour within the next two weeks, a judge ordered Friday.
      • The instructions come the morning after Musk's lawyers sparred with government prosecutors in court.
      • Here's what happened inside the courtroom on Thursday.
      • Visit Business Insider's homepage for more stories.

      Tesla CEO Elon Musk will be forced to meet with federal regulators to decide what he can and cannot tweet, a judge has ruled...

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      Mentions: SEC Tesla Elon Musk
    13. The SEC Revealed the Punishment it Wants Elon Musk to Face if he Violates the Terms of Their Settlement in the Future

      The SEC Revealed the Punishment it Wants Elon Musk to Face if he Violates the Terms of Their Settlement in the Future
      • The Securities and Exchange Commission (SEC) reportedly told a judge in New York City on Thursday that it wants Tesla CEO Elon Musk to face increasing fines if he violates the terms of their 2018 settlement in the future.
      • It is unclear whether a fine would be the extent of the punishment the agency believes Musk should receive for a February tweet the agency says does not comply with their settlement...
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      Mentions: SEC Tesla lawsuit
    14. Jeff Bezos' Divorce Won't Affect his Voting Power at Amazon, Because Mackenzie is Giving him Control

      Jeff Bezos' Divorce Won't Affect his Voting Power at Amazon, Because Mackenzie is Giving him Control
      • Jeff Bezos will retain voting control over the Amazon shares he and Mackenzie Bezos hold following their divorce.
      • Mackenzie will get 25% of their combined shares as part of the settlement.
      • The agreement clears up some outstanding investor worries.
      • But one big question remains: What does Mackenzie plan to do with her shares.

      Jeff Bezos isn't going to have to worry about having his ex-spouse challenge how he runs Amazon...

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      Mentions: Amazon Twitter stake
    15. Breaking News: Kellogg Has Agreed to Sell its Keebler and Famous Amos Businesses to Ferrero for $1.3 Billion

      Breaking News:  Kellogg Has Agreed to Sell its Keebler and Famous Amos Businesses to Ferrero for $1.3 Billion
      • Kellogg agreed to sell its Keebler and Famous Amos brands, as well as its fruit snacks business, to Ferrero for $1.3 billion.
      • The deal is expected to close by the end of July, the companies said in a statement on Monday.
      • Watch Kellogg trade live.

      Kellogg agreed on Monday to sell a collection of businesses to Italian chocolate maker Ferrero for $1.3 billion, according to a statement from the company...

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    16. Lyft’s Founders Are Set to Make More than $1 Billion in the Company’s IPO

      Lyft’s Founders Are Set to Make More than $1 Billion in the Company’s IPO
      • Lyft's IPO is set to make many of its original investors very rich.
      • Executives' Logan Green and John Zimmer, who hold an outsize stake in the company they founded, could hold a combined stake of more than $1 billion at the IPO's expected prices.

      The long-awaited day is finally here: Lyft is going public.

      The ride-hailing company is set to begin trading on the Nasdaq stock exchange Friday with an initial price of $72 per share, or a total valuation of about $21 billion...

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      Mentions: Investors IPO Nasdaq
    17. Top Wall Street Firms Have Started Disclosing a New Risk to Their Own Businesses: Sexual Harassment

      Top Wall Street Firms Have Started Disclosing a New Risk to Their Own Businesses: Sexual Harassment
      • Financial firms like JPMorgan Chase, Aflac, KKR, Blackstone, and Och-Ziff Capital all added #MeToo language to their most recent annual reports, warning investors about potential company harm from harassment.
      • Before 2018, the word "sexual" had only been mentioned once in the risk section a publicly traded financial company's annual report. So far in 2019, it has been in nine different financial companies' public filings...
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    18. 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...

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    19. 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...
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      Mentions: IPO Cisco Uber
    20. 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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    21. 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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