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    1. Powerful Facebook Investors Just Co-Filed a Proposal to Take Down Mark Zuckerberg as Chairman

      Powerful Facebook Investors Just Co-Filed a Proposal to Take Down Mark Zuckerberg as Chairman
      • Four powerful institutional Facebook investors have co-filed a shareholder proposal calling for Mark Zuckerberg's dual role as CEO and chairman to be split.
      • The proposal was originally filed by activist investor Trillium Asset Management and revealed by Business Insider in July after Facebook's brutal second quarter earnings...
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    2. Tesla Says Elon Musk Plans to Buy $20 Million Worth of Stock as Soon as Possible

      Tesla Says Elon Musk Plans to Buy $20 Million Worth of Stock as Soon as Possible
      • Elon Musk plans to buy $20 million of Tesla stock, the company said in a filing Wednesday.
      • The plans were announced the day after a judge approved Tesla and Musk's settlement with the US' top stock regulator.

      Tesla CEO Elon Musk plans to buy $20 million worth of the company’s stock on the open market "during the next open trading window," the company said in a regulatory filing Wednesday...

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      Mentions: CEO Tesla lawsuit
    3. As MoviePass Investors Rage Against Management, its Parent Company has Delayed a Crucial Shareholders Meeting

      As MoviePass Investors Rage Against Management, its Parent Company has Delayed a Crucial Shareholders Meeting
      • MoviePass' parent company, Helios and Matheson Analytics, has postponed its special meeting of stockholders regarding the vote on a 1-for-500 reverse stock split to November 1.
      • The meeting was originally scheduled for Thursday.
      • MoviePass investors have voiced their displeasure with Helios and Matheson about the proposed reverse split on Twitter...
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    4. Tesla Surges After Judge Approves Elon Musk's Settlement with SEC

      Tesla Surges After Judge Approves Elon Musk's Settlement with SEC
      • Tesla rallied Tuesday morning after a judge approved CEO Elon Musk's settlement over a fraud charge.
      • The Securities and Exchange Commission sued Musk last month over allegations that he committed fraud when he said he had "funding secured" to take Tesla private.
      • All eyes are on now on the company's third-quarter earnings report later this month...
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      Mentions: CEO SEC Tesla
    5. 'I've decided to step down as CEO': Eddie Lampert sends email to Sears employees after the company files for bankruptcy (SHLD)

      'I've decided to step down as CEO': Eddie Lampert sends email to Sears employees after the company files for bankruptcy (SHLD)
      • Eddie Lampert sent an email to Sears employees on Monday announcing the company's bankruptcy filing.
      • "I’ve decided to step down as CEO," Lampert wrote. "Know that this does not change my commitment to Sears Holdings, and I will continue to be actively involved as chairman of the board of directors."
      • Lampert attributed the company's bankruptcy filing to "a difficult retail environment, unsatisfactory operating performance, and legacy liabilities impacted by historically low interest rates."...
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    6. Elon Musk Has to Step Down as the Chairman of Tesla's Board — Here Are 8 People Who Could Replace Him

      Elon Musk Has to Step Down as the Chairman of Tesla's Board — Here Are 8 People Who Could Replace Him
      • As a result of a settlement with the Securities and Exchange Commission (SEC), Tesla CEO Elon Musk will have to step down as the chairman of the automaker's board of directors for three years.
      • Tesla's board has been criticized for failing to hold Musk accountable for erratic behavior that has at times caused the company's stock price to fall.
      • The Financial Times reported on Wednesday that current Tesla director James Murdoch is the leading candidate to become the board's next chairman...
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      Mentions: CEO SEC Tesla
    7. A Team of Traders at Goldman Sachs Made $100 Million Betting on Natural Gas, and it Fueled a Huge Comeback for the Wall Street Bank

      A Team of Traders at Goldman Sachs Made $100 Million Betting on Natural Gas, and it Fueled a Huge Comeback for the Wall Street Bank
      • Goldman Sachs racked up $100 million in the first half trading natural gas, thanks to trades made by Shane Lee, a Calgary-based trader, and his team, according to people with knowledge of the matter.
      • Natural gas prices set records in early January when below-average temperatures accompanied by a snow storm dubbed the Bomb Cyclone led to soaring demand for the commodity, according to Natural Gas Intelligence...
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    8. GE Pops After Laying Out the Details of its New CEO's Contract

      GE Pops After Laying Out the Details of its New CEO's Contract
      • General Electric shares rallied Friday after the company announced new CEO Larry Culp's compensation package.
      • If Culp is able to boost GE's stock price by 50% to 150% within four years, he would make up to $300 million, according to CNBC.
      • Watch GE trade here in real time.

      General Electric shares rallied Friday after the company announced the contract details for new CEO Larry Culp...

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    9. Unilever — Maker of Dove Soap and Ben & Jerry's Ice Cream — Scraps Plan to Move HQ to Netherlands After UK Shareholder Revolt

      Unilever — Maker of Dove Soap and Ben & Jerry's Ice Cream — Scraps Plan to Move HQ to Netherlands After UK Shareholder Revolt
      • Withdrawal means that for now, Britain gets to keep one of its most valuable companies as it moves closer to Brexit.
      • Scrapped plan seen as victory for shareholders, who had opposed the move.
      • Unilever decided to collapse its Anglo-Dutch structure after a business review sparked by last year’s failed $143 billion takeover approach by Kraft-Heinz...
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    10. Tesla's Board is So Bad at its Job, it Failed at the One Thing it Says is Paramount — Protecting CEO Elon Musk

      Tesla's Board is So Bad at its Job, it Failed at the One Thing it Says is Paramount — Protecting CEO Elon Musk
      • Tesla's board has repeatedly made clear that it sees its duty as ensuring that Elon Musk remain in a leadership role at the company — not representing shareholders' interests.
      • But Musk's role at Tesla is now in jeopardy, thanks to charges filed against him by the Securities and Exchange Commission in connection with his series of tweets about potentially taking Tesla private.
      • The SEC is seeking to bar him from serving as a director or officer at a public company...
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      Mentions: Leadership CEO SEC
    11. Azealia Banks Reveals Why She Thinks Elon Musk was Right to Settle with the SEC and Who Tesla Should Tap as its New Chairman

      Azealia Banks Reveals Why She Thinks Elon Musk was Right to Settle with the SEC and Who Tesla Should Tap as its New Chairman
      • Azealia Banks tells Business Insider that she is "proud" of Elon Musk's decision to settle with the SEC, paying a $20 million fine and agreeing to step down as chairman.
      • Many theorized that Banks would have testified in the SEC investigation, had Musk not settled, and the rapper said she had already been planning courtroom outfits.
      • "I would have walked up in that courtroom looking like a pussycat," Banks said...
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      Mentions: CEO SEC Alphabet
    12. Pfizer's Long-Serving CEO Ian Read is Standing Down and Being Replaced by his Chief Operating Officer

      Pfizer's Long-Serving CEO Ian Read is Standing Down and Being Replaced by his Chief Operating Officer
      • Pfizer announces that CEO Ian Read will stand down from the start of 2019.
      • He will be replaced by Dr. Albert Bourla, who is currently Pfizer's chief operating officer.
      • "It’s been an honor to serve as Pfizer’s CEO for the past eight years," Read said in a statement.

      Ian Read, the long-serving chief executive officer of pharmaceutical giant Pfizer is set to step down, the company announced on Monday...

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    13. Tesla is Soaring after Elon Musk Settles with the SEC

      Tesla is Soaring after Elon Musk Settles with the SEC
      • Tesla shares were up more than 15% early Monday on the news Tesla CEO Elon Musk had settled fraud charges with the US Securities and Exchange Commission.
      • Musk will neither admit nor deny the allegations, including that he knowingly misled the public, and he has agreed to step down as Tesla's chairman for at least the next three years. Both Musk and Tesla will also pay $20 million fines...
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      Mentions: CEO SEC Tesla
    14. Breaking News: General Electric CEO John Flannery is Out

      Breaking News:  General Electric CEO John Flannery is Out

      General Electric head John Flannery is out after just more than a year at the top of the company. He will be replaced as chairman and CEO by  H. Lawrence Culp, Jr.

      GE said it will take a $23 billion goodwill charge for its power business. It also warned that it will miss its 2018 earnings-per-share gudiance.

      GE shares are up more than 10% on the news...

       

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    15. Here's What Legal Experts are Saying About the SEC's Decision to Sue Elon Musk (TSLA)

      Here's What Legal Experts are Saying About the SEC's Decision to Sue Elon Musk (TSLA)
      • The SEC filed a lawsuit against Tesla CEO Elon Musk on Thursday, alleging that Musk made "false and misleading statements" in August about taking the automaker private.
      • Musk said he was "deeply saddened and disappointed" by the lawsuit, which he called "unjustified," in a company statement to Business Insider.
      • Three legal experts weighed in on the matter...
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      Mentions: CEO SEC Tesla
    16. A Former SEC Lawyer Says the Agency Shouldn't Have Sued Elon Musk

      A Former SEC Lawyer Says the Agency Shouldn't Have Sued Elon Musk
      • The SEC sued Tesla CEO Elon Musk on Thursday, saying he made "false and misleading" statements in August about possibly taking Tesla private.
      • Former SEC senior counsel Thomas Gorman told Business Insider he disagreed with the agency's decision.
      • While Musk's statements weren't smart from a business perspective, that doesn't necessarily mean he committed fraud, Gorman said...
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      Mentions: Investment CEO SEC
    17. A Former SEC Chairman Outlined the Worst Case Scenario for Elon Musk now that the SEC has Sued Him

      A Former SEC Chairman Outlined the Worst Case Scenario for Elon Musk now that the SEC has Sued Him
      • The former SEC chairman Harvey Pitt told Business Insider in August that Tesla CEO Elon Musk could be banned from serving as an officer or director of a public company after reports that the agency was investigating his comments about taking Tesla private.
      • But the SEC's lawsuit is not the only potential threat to Musk.
      • Bloomberg reported earlier this month that the Department of Justice has opened an inquiry into Tesla, which could ultimately result in a prison sentence for Musk...
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      Mentions: CEO SEC Twitter
    18. David Solomon Said at a Private Dinner that he’s going to Follow his Own Advice as CEO of Goldman Sachs — and it Means the Board's Due for a Refresh

      David Solomon Said at a Private Dinner that he’s going to Follow his Own Advice as CEO of Goldman Sachs — and it Means the Board's Due for a Refresh
      • Incoming Goldman Sachs president David Solomon will begin reshaping the bank's board of directors in the coming months.
      • Solomon discussed his plans at a September 13 dinner hosted by Barclays and attended by some of the firm's biggest investors.
      • Solomon wouldn't be the first executive to push for board changes after taking control, a practice that's common across corporate America, even if it raises the ire of corporate governance experts...
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    19. Merck's Board Just Changed the Rules to Keep its CEO on Board After he Turns 65

      Merck's Board Just Changed the Rules to Keep its CEO on Board After he Turns 65
      • Merck CEO Kenneth Frazier plans to stay on in his role as CEO past December 2019, when he turns 65.
      • The pharma giant's board of directors had to overturn a mandatory CEO retirement policy in order for Frazier to stay on.
      • Frazier, who became CEO in 2011, gained national attention after he was the first to depart President Donald Trump now-disbanded manufacturing council...
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      Mentions: CEO Harvard retire
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