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    1. An Activist Investment Fund Just Became One of Barclays' Biggest Shareholders — and it Could Signal Big Changes

      An Activist Investment Fund Just Became One of Barclays' Biggest Shareholders — and it Could Signal Big Changes
      • Sherborne, an investment vehicle headed up by renowned activist investor Edward Bramson, has acquired a stake of more than 5% in Barclays.
      • Sherborne is now Barclays' fourth-largest shareholder.
      • Only Capital Group, the Qatar Investment Authority, and BlackRock have larger stakes.
      • The investment comes just a few weeks after Barclays revealed a lacklustre set of annual results for the 2017 financial year...
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    2. Top Nike Exec Resigns Amid Investigation into Alleged Improper Behavior by Employees

      Top Nike Exec Resigns Amid Investigation into Alleged Improper Behavior by Employees

      Reuters/Beck Diefenbach

      • Trevor Edwards, Nike's brand president, has resigned effective immediately.
      • The resignation comes amid a probe by the company into alleged improper behavior at the company by employees, though the nature of the behavior is unclear.
      • Edwards was seen as a possible successor to CEO Mark Parker...
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      Mentions: CEO Wall Street Nike
    3. Qualcomm's Ex-Chairman is Trying to Buy the Company with Help From Investors at SoftBank

      Qualcomm's Ex-Chairman is Trying to Buy the Company with Help From Investors at SoftBank
      • Paul Jacobs, the recent chairman of Qualcomm is looking to buyout the company, according to the Financial Times.
      • This news comes four days after President Trump blocked Qualcomm's acquisition by Broadcom on the grounds of national security. Broadcom officially withdrew its offer on Wednesday.
      • Jacobs has spoken with several global investors about acquiring the company, including SoftBank...
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    4. Unilever's CEO Says That in 9 Years, No Investor has Asked him the Questions He's Waiting to Hear

      Unilever's CEO Says That in 9 Years, No Investor has Asked him the Questions He's Waiting to Hear

      Ruben Sprich/Reuters

      • Unilever CEO Paul Polman spoke at the CECP's CEO Investor Forum in February about the need for prioritizing long-term value.
      • He said that while he's seen progress over the last decade, he has yet to have an investor ask him on an earnings call about topics like sustainability or diversity.
      • He said his 10-year plan has been for the purpose of keeping Unilever healthy and relevant for years to come.
      • This post is part of Business Insider's ongoing series on Better Capitalism...
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    5. The CEO of Barclays Has 12 Months to Fix its Investment Bank

      The CEO of Barclays Has 12 Months to Fix its Investment Bank
      • Barclays Chief Executive Jes Staley is being given one more year to deliver on a promise to turn its investment bank into a profit engine able to weather downturns or face demands for a review of the business, shareholders told Reuters.
      • A slew of ex-JPMorgan high-fliers including rainmaker Tim Throsby and 40 newly-recruited managing directors, have joined to help revitalize the business...
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    6. All Executives at Johnson & Johnson are Annually Measured Against a 75-Year-Old Essay

      All Executives at Johnson & Johnson are Annually Measured Against a 75-Year-Old Essay
      • Johnson & Johnson CEO Alex Gorsky spoke at the CECP's CEO Investor Forum in February, discussing the importance of creating long-term value.
      • Gorsky cited J&J's 75-year-old "credo" as a major source of inspiration to the company.
      • The entire company participates in an annual survey measuring senior leadership's performance against the credo, with resulting "credo scores."..
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      Mentions: Leadership CEO
    7. Cigna Agrees to Buy Express Scripts for $54 Billion

      Cigna Agrees to Buy Express Scripts for $54 Billion
      • Health insurer Cigna has agreed to pay about $54 billion for pharmacy benefits manager Express Scripts.
      • The deal will pay Express Scripts shareholders $48.75 in cash and 0.2434 shares of stock of the combined company for each Express Scripts share, or roughly $96.03 per share.
      • Express Script shareholders will receive a 31% premium to Wednesday's closing price...
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    8. Vanguard's Chairman Says Every CEO of a Public Company Should be Able to Answer 7 questions

      Vanguard's Chairman Says Every CEO of a Public Company Should be Able to Answer 7 questions
      • Vanguard chairman Bill McNabb believes that American public companies have been chasing short-term gains at the expense of long-term value for too long.
      • McNabb is the co-chair of the CECP's Strategic Investor Initiative, dedicated to fostering a dialogue between CEOs and investors.
      • He's the lead author of a letter that proposes seven questions CEOs should be able to answer in meetings with investors, to alleviate toxic short-termism...
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    9. Nordstrom Rejects 'Inadequate' Buyout Deal from Nordstrom Family

      Nordstrom Rejects 'Inadequate' Buyout Deal from Nordstrom Family
      • Nordstrom said it rejected a takeover offer from members of the Nordstrom family.
      • They called the price "inadequate."
      • The family members — who are decedents of founder John W. Nordstrom — own about a 30% stake in the company.

      NEW YORK (AP) — Department store operator Nordstrom said Monday it had rejected a takeover offer from members of the Nordstrom family, calling the price "inadequate."...

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      Mentions: Takeover stake
    10. Blackstone Boss Steve Schwarzman Earned a Mammoth $785 Million in 2017

      Blackstone Boss Steve Schwarzman Earned a Mammoth $785 Million in 2017
      • Blackstone founder and CEO Steve Schwarzman earned $787 million in 2017.
      • Most of that is dividends from the shares he owns in the firm.

      Blackstone founder and CEO Steve Schwarzman had a monster year in 2017.

      Schwarzman drew a salary of $350,000 in 2017, which is a healthy chunk of change to most people (the median household income is about $60,000)...

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      Mentions: CEO SEC stock options
    11. Spotify's 35-year old Co-Founder wrote an emotional letter to investors promising to make users 'empathize' with each other and to 'feel part of a greater whole'

      Spotify's 35-year old Co-Founder wrote an emotional letter to investors promising to make users 'empathize' with each other and to 'feel part of a greater whole'
      • Spotify CEO Daniel Ek introduced himself to the world with a letter to potential investors.
      • At roughly 1,300 words, Ek's letter touched upon the company's business potential.
      • "We really do believe that we can improve the world, one song at a time," Ek wrote.

      Spotify is ditching underwriters, roadshows and even predetermined price ranges in its unorthodox "Direct IPO." But there's one tradition the music streaming company is sticking with: The founder's letter...

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      Mentions: Investors CEO IPO
    12. Snap CEO Spiegel's $637 Million Bonus Shows Just How Broken Executive Compensation Is

      Snap CEO Spiegel's $637 Million Bonus Shows Just How Broken Executive Compensation Is
      • Snap recently disclosed that it paid CEO Evan Spiegel $638 million last year — mostly in the form of a gigantic stock award.
      • The award was worth more than any other since at least 2011, bigger even than the jumbo award Apple gave Tim Cook when he took over from Steve Jobs as CEO.
      • Snap says it gave him the award for leading it to an IPO, but its rationale for the award itself and its huge size doesn't make much sense...
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    13. A Secretive U.S. Group That Can Stop Mergers is Looking at Broadcom's Attempted Hostile Takeover of Qualcomm

      A Secretive U.S. Group That Can Stop Mergers is Looking at Broadcom's Attempted Hostile Takeover of Qualcomm

      Thomson Reuters

      • A secretive national security panel that investigates mergers is looking into Broadcom's attempted hostile take-over Qualcomm.
      • Broadcom is based in Singapore and Qualcomm is based in San Diego.
      • Having this panel look into a deal before it has been struck is extremely rare.
      • A top Senate Republican has urged the panel to get involved now...
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    14. SeaWorld CEO Joel Manby is Stepping Down

      SeaWorld CEO Joel Manby is Stepping Down
      • SeaWorld Entertainment CEO Joel Manby stepped down on Tuesday.
      • Manby took over in March 2015 amid a scandal over the parks' treatment of their signature orca whales and plummeting attendance.
      • The company also reported fourth quarter earnings which saw attendance dip, losses increase, and revenue fall by less than analysts expectations.

      SeaWorld Entertainment CEO Joel Manby stepped down after nearly three years leading the embattled theme parks company...

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    15. Facebook Reaches a $35 Million Settlement for Class-Action Lawsuit Over its 2012 IPO

      Facebook Reaches a $35 Million Settlement for Class-Action Lawsuit Over its 2012 IPO
      • Facebook and CEO Mark Zuckerberg reached a $35 million settlement in a class-action lawsuit brought on by shareholders.
      • The shareholders claimed that Facebook had been hiding concerns about its growth just before the social media company's IPO in May 2012; Facebook shares dipped immediately after, and stayed below the initial $38 per share for a year before rebounding...
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      Mentions: CEO IPO Facebook
    16. Dropbox’s IPO is just the Latest Case of Startup CEOs Consolidating Their Power — and Investors Should be Outraged

      Dropbox’s IPO is just the Latest Case of Startup CEOs Consolidating Their Power — and Investors Should be Outraged
      • A growing number of tech companies are setting up stock arrangements that give outsized voting power to executives and founders — at the expense of regular shareholders.
      • Dropbox, which on Friday released the paperwork it filed to go public, is the latest startup to go this route; the arrangement would give CEO Drew Houston nearly a quarter of the voting power at the company.
      • Such stock structures insulate insiders from shareholder concerns, a privilege that executives and managers can abuse...
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      Mentions: Investors CEO IPO
    17. Snap May Have Lost $720 Million in 2017, But Evan Spiegel Was Probably Paid More Than Any Other US CEO

      Snap May Have Lost $720 Million in 2017, But Evan Spiegel Was Probably Paid More Than Any Other US CEO

      twitter Snap CEO Evan Spiegel received a massive payout in 2017, being awarded $US638 million in stock and compensation the year the firm went public. That’s probably a higher payout than any other chief executive in the US, data firm Equilar told The Financial Times. That’s astonishing given Snap lost $US720 million in 2017 and is nowhere as big as the very profitable Apple and Google in terms of revenue or market cap...

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      Mentions: CEO Google Twitter
    18. The CEO Who Turned Around Arby's says Much of his Success Should be Attributed to an Advantage Most CEOs Don't Have

      The CEO Who Turned Around Arby's says Much of his Success Should be Attributed to an Advantage Most CEOs Don't Have
      • This post is part of Business Insider's ongoing series on Better Capitalism.
      • Inspire Brands CEO Paul Brown is tasked with turning around the restaurant chain Buffalo Wild Wings, using the same tactics he deployed at Arby's.
      • Brown said that a main reason he's able to enact major changes is because of patient shareholders, especially because Inspire is private...
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    19. Qualcomm Raises it Bid for NXP Semiconductors

      Qualcomm Raises it Bid for NXP Semiconductors
      • Qualcomm raised its bid for NXP Semiconductors to $127.50 a share from $110.
      • Qualcomm would need to buy a minimum of 70% of NXP's outstanding shares in a tender offer.
      • The latest deal values NXP at $44 billion.

      (Reuters) - U.S. chipmaker Qualcomm Inc raised its offer to buy NXP Semiconductors NV to $127.50 per share from $110, after being pressured by shareholders led by activist hedge fund Elliott Management Corp...

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    20. We Talked to JPMorgan CEO Jamie Dimon About the Bank's $20 Billion Investment in the US, the Economy, and Why he Won't Run for Office

      We Talked to JPMorgan CEO Jamie Dimon About the Bank's $20 Billion Investment in the US, the Economy, and Why he Won't Run for Office
      • Business Insider caught up with the JPMorgan Chase CEO in the South Bronx on Tuesday, where the bank was announcing the expansion of its Entrepreneurs of Color Fund.
      • We asked him about inflation concerns, the bank's five year, $20 billion dollar investment in the US, and its healthcare initiative with Amazon and Berkshire Hathaway...
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    21. Tim Cook Explains Why You're Never Going to Visit the Inside of Apple's New $5 Billion Headquarters

      Tim Cook Explains Why You're Never Going to Visit the Inside of Apple's New $5 Billion Headquarters
      • Apple just finished a $5 billion headquarters called Apple Park. Some say it's an architectural landmark.
      • Non-Apple employees are not allowed in, though, and Apple's not likely to offer tours.
      • It's because there's a lot of confidential information inside the building, Apple CEO Tim Cook said...
      Read Full Article
      Mentions: CEO Tim Cook Apple
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