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    1. American Apparel Details Allegations of Sexual Misconduct By Ousted CEO

      American Apparel Details Allegations of Sexual Misconduct By Ousted CEO

      LOS ANGELES (Reuters) - Clothing company American Apparel Inc has accused ousted founder Dov Charney of using ethnic slurs against workers and keeping videos on a company server of himself in sex acts with models and employees, recently filed court papers show. American Apparel's board of directors suspended Charney as CEO a year ago, citing his misuse of company funds, violation of company policy and misuse of corporate assets, and in December the board terminated him...

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      Mentions: CEO Chairman
    2. Nissan Says Paid CEO Ghosn $8.4 Million Last Year

      Nissan Says Paid CEO Ghosn $8.4 Million Last Year

      YOKOHAMA, Japan (Reuters) - Nissan Motor Co , Japan's second-biggest automaker, said on Tuesday it paid Chief Executive Carlos Ghosn 1.035 billion yen ($8.39 million) last business year, up 4 percent from the previous year. Ghosn, one of the highest-paid CEOs in Japan, received 995 million yen in compensation in the year ended March 2014. Ghosn is also CEO of Nissan's alliance partner, Renault SA , which paid him 7.2 million euros ($8.17 million) in 2014...

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      Mentions: CEO stock options
    3. SoftBank Paid $135M to Former Google Exec Arora: Reports

      SoftBank Paid $135M to Former Google Exec Arora: Reports

      Tokyo (AFP) - Japan's telecom carrier SoftBank paid vice president and ex-Google executive Nikesh Arora a whopping $135 million in the year to March, reports said Saturday. The amount included a one-time, sign-on bonus for the Indian-born 47-year-old, according to the Nikkei business daily and the Asahi Shimbun. Arora gave up his high-profile post at the Internet search giant to join the Japanese firm in October last year...

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    4. Office Depot Shareholders Agree to Staples Buyout Offer

      Office Depot Shareholders Agree to Staples Buyout Offer

      (Reuters) - Office supply retailer Office Depot Inc said its shareholders voted in favor of the $6.3 billion buyout offer from larger rival Staples Inc The shareholders approval is yet another step in the creation of an office supply megastore, set to be the largest in the United States. Office Depot said 99.5 percent of the votes cast were in favor of the deal, which was announced in February...

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      Mentions: Chairman
    5. The Hedge Fund Battling Samsung Just Put out This Presentation on Where the Company's Going Wrong

      The Hedge Fund Battling Samsung Just Put out This Presentation on Where the Company's Going Wrong

      Billionaire investor Paul Singer is at war with the Samsung dynasty, and on Thursday he released a slide deck laying out his grievances with the Lee family's attempt to merge Samsung C&T into their larger holding company, Cheil Industries. "Elliott continues to view the terms of the proposed takeover as unfair, unlawful, and significantly damaging to the interests of Samsung C&T shareholders," Paul Singer's hedge fund, Elliott Management, said in a statement...

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    6. Allergan is Buying a Biotech Company for $2.1 billion (AGN, Kyth, Ibb)

      Allergan is Buying a Biotech Company for $2.1 billion (AGN, Kyth, Ibb)

      In a statement on Wednesday, the companies announced that Allergan will pay $75 per Kythera share; 80% will be in cash, and the remaining 20% in new Allergen shares for Kythera shareholders. Allergan is a pharmaceutical company and the maker of Botox. By acquiring Kythera, Allergan adds an injection that treats double chin to its portfolio, called Kybella, the companies noted...

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      Mentions: CEO Chairman
    7. James Murdoch is the Next Fox CEO

      James Murdoch is the Next Fox CEO

      It's official: James Murdoch is the new CEO of 21st Century Fox. The company announced this in a statement on Tuesday afternoon. It was expected, after news broke last week that 84-year-old Rupert Murdoch is stepping down as CEO. He will remain as an executive co-chairman with Lachlan Murdoch, who currently holds that position. “It has always been our priority to ensure stable, long term leadership for the Company, and these appointments achieve that goal," said Rupert Murdoch in the statement...

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    8. This Hedge Fund Manager Killed it on his Stake in Valeant

      This Hedge Fund Manager Killed it on his Stake in Valeant

      Activist investor Jeff Ubben, CEO of the hedge fund ValueAct Capital Management, has made a killing on his investment in the Canadian pharmaceutical company Valeant. Ubben, who is known for being even more long-term than your typical activist, purchased shares in Valeant about nine years ago in a price range of about $11, according to The Wall Street Journal. Last week, ValueAct said it sold 4.2 million shares of its massive stake in the company...

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    9. China Company Insiders Skim the Cream off Frothy Stock Market

      China Company Insiders Skim the Cream off Frothy Stock Market

      SHANGHAI (Reuters) - Senior executives of listed firms in China have stepped up the pace at which they are selling shares in their own companies, suggesting they may have doubts about whether their stock prices can go much higher. In May company insiders - senior executives or their relatives - sold a combined 1.68 billion shares, a tripling from April, and much more than in each of the previous months of this year, according to data compiled by Reuters...

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    10. Hedge Fund Billionaires Dan Loeb, Bill Ackman, and Carl Icahn Used to Fight, But Last Night they Gathered for a Historic Panel

      Hedge Fund Billionaires Dan Loeb, Bill Ackman, and Carl Icahn Used to Fight, But Last Night they Gathered for a Historic Panel

      Hedge fund titans Bill Ackman, Daniel Loeb, and Carl Icahn are all playing nice these days. The three high-profile activist investors spoke on a panel hosted by Institutional Shareholder Services (ISS) at the New York Athletic Club in Midtown Manhattan on Thursday evening. It was the first time all three of them were on a panel together. A source tells us the three fund managers all "played well in the sandbox. " The source added, "They were very polite and complimentary with one another...

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    11. Twitter's CEO Search is Pretty Much a Sham — Here's What's Really Going On

      Twitter's CEO Search is Pretty Much a Sham — Here's What's Really Going On

      Along with others, we were scratching our heads on Thursday when Twitter announced a convoluted CEO transition plan with the current CEO exiting, the company's founder returning as "interim CEO," and the board conducting a search to find the new CEO. None of the public explanations of this plan made any sense, so we asked ourselves and a source familiar with the situation what was really going on. Here's what's really going on...

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      Mentions: CEO Chairman
    12. This Chatter About Fiat Wanting to Merge with GM is a Win-Win for GM

      This Chatter About Fiat Wanting to Merge with GM is a Win-Win for GM

      This week, The Wall Street Journal reported that Fiat Chrysler CEO Sergio Marchionne was searching for investors to help him strong-arm a merger with General Motors. While this might not be the best idea for Fiat Chrysler, Citi analysts say it's good news for GM investors. "It’ll be interesting, but arguably either outcome could end up positive for GM shares," says the report...

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      Mentions: Investors CEO
    13. Now that Rupert Murdoch is out, here's the biggest question for Fox (FOXA)

      Now that Rupert Murdoch is out, here's the biggest question for Fox (FOXA)

      With Rupert Murdoch preparing to step down as CEO of 21st Century Fox, the next major question for the company is what happens to Roger Ailes, the leader of Fox News, the fantastically profitable cable network. Murdoch is handing the company to his son James and will remain as executive chairman. His other son, Lachlan, will be promoted to executive cochairman. At the same time, Chase Carey, the COO of the company also reportedly plans to leave...

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      Mentions: CEO Chairman
    14. Netflix Shareholders OK Share Increase, Company to Pursue Split

      Netflix Shareholders OK Share Increase, Company to Pursue Split

      LOS ANGELES (Reuters) - Netflix Inc shareholders on Tuesday approved a massive increase in the number of shares the company is authorized to issue, the first step toward a possible stock split. Chief Executive Reed Hastings said at the company's annual meeting that management will seek approval from the board of directors "in due course" to pursue a stock split, Netflix spokeswoman Anne Marie Squeo said...

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    15. A Perfect Example of How America Has Completely Forgotten What 'Shareholder Value' Really Means

      A Perfect Example of How America Has Completely Forgotten What 'Shareholder Value' Really Means

      After years of using the term "shareholder value" to mean everything from stock buybacks to firings of entire company boards, America has totally forgotten what it means. We now have a perfect example of how the concept has gotten out of control. Fiat Chrysler CEO Sergio Marchionne is reaching out to all the muscle he knows — the big shareholders, the activist hedge funds — to see if anyone will help him force General Motors to merge with his company...

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      Mentions: CEO SEC Chairman
    16. Almost Half of Salesforce Shareholders Voted Against CEO Marc Benioff's $39 Million Pay Package

      Almost Half of Salesforce Shareholders Voted Against CEO Marc Benioff's $39 Million Pay Package

      Salesforce's stock price is nearing an all time high, but shareholders don't seem too happy with the exorbitant pay packages its executives command. According to an SEC document filed Tuesday, nearly 47% of the total shareholders voted against Salesforce's executive compensation packages at its annual shareholders meeting held last week (the count does not include shares held by brokers who did not vote)...

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    17. Deutsche Bank Just Purged its Leadership and Appointed a New CEO

      Deutsche Bank Just Purged its Leadership and Appointed a New CEO

      FRANKFURT (Reuters) - Germany's largest lender Deutsche Bank purged its leadership on Sunday, appointing Briton John Cryan as chief executive to replaceAnshu Jain just two weeks after Jain was given more power to reorganize the bank. Deutsche Bank has struggled to restore an image tarnished by a raft of regulatory and legal problems which include probes into alleged manipulation of benchmark interest rates, mis-selling of derivatives, tax evasion and money laundering...

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      Mentions: Leadership CEO
    18. Goldman Sachs Calls Record Stock Buybacks a 'Questionable use of Cash'

      Goldman Sachs Calls Record Stock Buybacks a 'Questionable use of Cash'

      Stock buybacks have surged this year, and in April, companies announced plans to spend a record $133 billion on buying their own shares. When a company buys back its own stock — instead of using that money to invest in equipment, employees, or buying another company — it implies that companies think their shares are undervalued and that there is nothing else to do with that money...

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    19. Top Twitter Investor: Mark Zuckerberg would LOVE the opportunity to own Twitter and improve it (FB, Twtr)

      Top Twitter Investor: Mark Zuckerberg would LOVE the opportunity to own Twitter and improve it (FB, Twtr)

      Chris Sacca, one of Twitter's largest shareholders, thinks there are a lot of big companies interested in buying Twitter. Speaking with Emily Chang at Bloomberg, he said, "I think Google would love to buy Twitter. " And if Google wants Twitter, then Sacca says Mark Zuckerberg at Facebook would "not let Twitter go to Google without putting in a bid, there is just no way. " Sacca says Zuckerberg thinks Twitter is blowing it...

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      Mentions: CEO Chairman
    20. The Real Reason Celebrities Show Up to Wal-Mart's Shareholders Meeting

      The Real Reason Celebrities Show Up to Wal-Mart's Shareholders Meeting

      Reese Witherspoon stood before thousands of screaming Wal-Mart workers Friday and led a "USA" chant at the company's annual shareholders meeting. She spoke lovingly of the world's largest retailer, saying Wal-Mart is "redefining retail" and delivering "miracles" to mothers all across the country with services like click-and-collect grocery shopping. Witherspoon, who was the host of Friday's event in Fayetteville, Arkansas, wasn't paid for her appearance...

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      Mentions: Chairman
    21. Wal-Mart Elects New Chairman

      Wal-Mart Elects New Chairman

      Walton, 70, is part of Wal-Mart's founding family and has served as chairman since 1992. Wal-Mart also said it was realigning the composition of its board committees so that most of the independent directors will serve on at least two committees. Investors have been pushing hard for changes in how the world's No. 1 retailer governs itself, seeking to install an independent chairman...

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      Mentions: Investors Chairman
    22. SEC Probing Whether Activist Investors Secretly Acted Jointly

      SEC Probing Whether Activist Investors Secretly Acted Jointly

      (Reuters) - The U.S. Securities and Exchange Commission is investigating whether some activist investors secretly acted jointly to target companies, one hedge fund industry source said. The SEC's enforcement division recently opened multiple investigations and sent requests for information to a number of hedge funds, The Wall Street Journal reported earlier, citing people familiar with the matter...

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    23. ISS Recommends Google Shareholders Withhold Vote for Three Directors

      ISS Recommends Google Shareholders Withhold Vote for Three Directors

      (Reuters) - Proxy adviser Institutional Shareholder Services (ISS) has recommended that Google Inc's shareholders withhold votes for all three directors on the company's compensation committee, saying "mega grants" provided to the executive chairman and chief business officer were "problematic". Google, which holds its annual meeting later on Wednesday, awarded Executive Chairman Eric Schmidt $100 million in restricted stock units last year...

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