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    1. Fortis Directors Deserve a Discharge Slip

      Fortis Directors Deserve a Discharge Slip

      Fortis Healthcare Ltd. has to admit a new owner to keep the lights on. Before it does, though, India’s second-largest hospital chain must write four of its board members a discharge slip.

      The country’s serious fraud office and the stock-market regulator are investigating Fortis even as it tries to sell itself to one of five serious suitors, which include Malaysian, Chinese and homegrown Indian buyers, as well as American private equity...

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    2. Tesla’s Board Keeps Facing Investor Grievances

      Tesla’s Board Keeps Facing Investor Grievances

      Tesla Inc. is facing renewed criticism over its corporate governance a week after Chief Executive Officer Elon Musk refused to answer questions about the company’s finances on an earnings call. While Musk calling analysts’ questions “boring” and “dry” was unusual, the billionaire and his board drawing fire from some investors is far from unprecedented.

      1. Who’s attacking the company now, and why?...

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    3. Corporate Boards are Still Mostly White, Mostly Male - and Getting Even Older

      Corporate Boards are Still Mostly White, Mostly Male - and Getting Even Older

      Corporate America's boardrooms have long been criticized for being too old, too white and too male. But while the race and gender makeup of corporate boards have come under scrutiny in recent years -- with shareholders pushing companies to add women and minorities and the media calling out board homogeneity when companies try to tout equal pay -- the age part of the "old boy's club" stereotype has gotten far less attention...

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    4. Wells Fargo’s Rehabilitation Requires Change at the Top

      Wells Fargo’s Rehabilitation Requires Change at the Top

      Wells Fargo & Co.’s sins of the past are going to haunt it for a little longer.

      Late Friday, on Janet Yellen’s last day as Federal Reserve Chair, the regulator slapped the San Francisco-based lender with sanctions for poor governance, compliance and risk management relating to abusive sales practices that culminated in the creation of millions of fake accounts and inappropriate charging of auto-insurance and mortgage fees...

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    5. Elliott Is Doing Pretty Nicely in the Power Business

      Elliott Is Doing Pretty Nicely in the Power Business

      In case you hadn’t noticed, Elliott Management Corp. is killing it in the power sector.

      The latest deal, announced Monday, involves the activist fund and several partners infusing $2.5 billion into FirstEnergy Corp., a struggling Midwestern utility. They will also contribute two people to a new five-person advisory board to help FirstEnergy exit its merchant generation business and set strategy from here...

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    6. Wells Fargo Still Can’t Quite Seem to Fix Its Wagon

      Wells Fargo Still Can’t Quite Seem to Fix Its Wagon

      Waiting for another sign that Wells Fargo & Co. has turned a corner? Its fourth-quarter earnings, released Friday, provided differing levels of validation for investors who had sent the stock flying to a record earlier this week.

      For the first time since the GOP tax bill was passed last month, Wells Fargo detailed its impact...

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    7. Want More Women on Corporate Boards? This Stat Helps

      Want More Women on Corporate Boards? This Stat Helps

      A global effort to bolster the number of women on corporate boards is taking longer than it should. But the recent performance of companies that lead their peers on this measure may accelerate change.

      An MSCI study published this month shows just seven companies in its key global index, comprised of more than 2,500 members, have boards that are dominated by women. But of these seven, more than half have outperformed their industry peers...

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    8. A Bidder for the Weinstein Company Suggests a Rare Boardroom Set-Up: A Majority-Female Board

      A Bidder for the Weinstein Company Suggests a Rare Boardroom Set-Up: A Majority-Female Board

      Maria Contreras-Sweet, who led the U.S. Small Business Administration under President Obama, has submitted a bid to acquire the Weinstein Co., the embattled film studio grappling with multiple allegations of sexual harassment or assault against its former co-chairman, Harvey Weinstein. It includes a group of investors with female leaders from private equity, venture capital and Hollywood, according to a source familiar with the deal...

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    9. Elliott’s Taubman Tactics May Require Crossing Vanguar

      Elliott’s Taubman Tactics May Require Crossing Vanguar

      Mall owners sure are in vogue with activists.

      Paul Singer’s Elliott Management Corp. confirmed late Tuesday that it has amassed a stake in Taubman Centers Inc., joining Jonathan Litt’s Land & Buildings Investment Management LLC as an activist pushing for change at the $3.4 billion company. That’s after Dan Loeb’s Third Point LLC and Jeff Smith’s Starboard Value LP each recently revealed stakes in Taubman’s larger rival, Macerich Co...

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    10. The Number of New Female Board Members Actually Dropped Last Year

      The Number of New Female Board Members Actually Dropped Last Year

      The push to get more women onto corporate boards of directors is getting a lot of attention lately: Investors have been urging companies to make it a priority, Uber came under fire after a director cracked a joke about more women in the boardroom, and a Wall Street statue of a little girl aimed at publicizing the lack of women directors became a viral Internet sensation...

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    11. Shareholders of Google's Parent Company Squash Plan to Disclose its Gender Pay Data

      Shareholders of Google's Parent Company Squash Plan to Disclose its Gender Pay Data

      For the second year in a row, shareholders of Alphabet, the parent company of Google, voted down a proposal asking the tech giant to publish a report on possible pay disparities between its male and female employees. The vote comes at a time when the company is grappling with a federal lawsuit tied to this very issue and as the tech industry faces heightened scrutiny over gender pay, a lack of diversity, and dysfunctional work environments...

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    1-24 of 89 1 2 3 4 »
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