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    1. 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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    2. 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
    3. 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
    4. 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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    5. 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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    6. 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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    7. 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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    8. 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...

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      Mentions: IPO Alphabet Google
    9. 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...

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    10. 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
    11. 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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    12. 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
    13. 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...

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      Mentions: Disney Oracle AMP
    14. 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
    15. 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...

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    16. A Former Apple Executive Was Just Accused of Insider Trading By The SEC

      A Former Apple Executive Was Just Accused of Insider Trading By The SEC
      • Gene Levoff, who worked as Apple's Senior Director of Corporate Law and Corporate Secretary until September 2018, has been accused of insider trading by the SEC.
      • The SEC's lawsuit suit, filed Wednesday morning, says Levoff exploited his positions to unlawfully trade Apple securities ahead of Apple's quarterly earnings announcements.
      • Levoff profited and avoided losses of approximately $382,000 through illegal insider trading that took place from 2015-2016, according to the SEC...
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    17. Buybacks are a $1 Trillion Political Hot Potato — Here's Why Politicians and CEOs are Sparring Over Them

      Buybacks are a $1 Trillion Political Hot Potato — Here's Why Politicians and CEOs are Sparring Over Them
      • 2018 saw record share buybacks by S&P 500 companies following the GOP's tax cuts with more than $1 trillion in stock bought back.
      • Bernie Sanders and former Goldman Sachs CEO Lloyd Blankfein have been feuding on Twitter about the value of the strategy ahead of potential Democrat plans to limit buyback options by corporations.
      • Other leading figures in US politics have weighed into the debate including Steve Mnuchin and Elizabeth Warren...
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    18. David Tepper’s Appaloosa Hedge Fund just Slammed the Leadership of $50 Billion Drugmaker Allergan, and is Calling for Change

      David Tepper’s Appaloosa Hedge Fund just Slammed the Leadership of $50 Billion Drugmaker Allergan, and is Calling for Change
      • Billionaire David Tepper's Appaloosa LP made a strongly-worded call for change to drugmaker Allergan's board leadership structure on Tuesday.
      • Appaloosa wants Allergan's board to separate the role of chairman and CEO, which today are both held by Allergan's Brent Saunders.
      • In a Tuesday letter, Appaloosa slammed Allergan's executive decision-making, "the record for which has been fraught with ill-considered initiatives and self-inflicted wounds for several years now."..
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    19. Tesla is Buying the Battery-Maker Maxwell Technologies

      Tesla is Buying the Battery-Maker Maxwell Technologies
      • Tesla announced Monday that it plans to buy the battery maker Maxwell Technologies.
      • Maxwell, based in San Diego, makes battery components including ultracapacitors and dry electrodes.
      • Battery technology is key for Tesla as it ramps up production and expands its manufacturing presence into China.

      Tesla is buying Maxwell Technologies in a deal that values the battery-maker at $218 million, the two companies announced Monday...

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    20. Former CEO Meg Whitman is Leaving Hewlett Packard Enterprise's Board of Directors (HPE)

      Former CEO Meg Whitman is Leaving Hewlett Packard Enterprise's Board of Directors (HPE)
      • Meg Whitman will not stand for re-election for the board of directors at Hewlett Packard Enterprise.
      • This marks the final departure of Whitman from HPE, a company she helped create after presiding over the splitting of Hewlett Packard in 2015.
      • Whitman stepped down as HPE CEO in early 2018, and is now CEO of video startup Quibi.
      • HPE announced that Jean Hobby, most recently of PricewaterhouseCoopers, will join its board...
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      Mentions: CFO Uber Meg Whitman
    49-72 of 1331 « 1 2 3 4 5 6 ... 54 55 56 »
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