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    1. 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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    2. 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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    3. 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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    4. 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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    5. 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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    6. 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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    7. Big Corporations are Trying to Silence Their Own Shareholders

      Big Corporations are Trying to Silence Their Own Shareholders

      Corporate lobbyists at the Business Roundtable — led by JPMorgan Chase chief executive Jamie Dimon — are heralding an effort to sharply limit the ability of investors to have a say in their companies through shareholder proposals. If successful, it will reduce stockholders’ ability to shape the companies they own and hold corporate managers accountable...

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    8. Theranos Will Shrink by Almost Half, Laying off 155 Employees

      Theranos Will Shrink by Almost Half, Laying off 155 Employees

      The slow implosion of the blood testing company Theranos continued in 2017 as the company announced that it would lay off 40 percent of its employees in what it called a "further re-engineering."  The company is laying off 155 employees, leaving "a core team of 220 professionals to execute on its business plans," the company said in a statement on its website...

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    9. Trump's Pick for Defense Secretary Has Resigned from Theranos's Board

      Trump's Pick for Defense Secretary Has Resigned from Theranos's Board

      Retired Marine Gen. James N. Mattis has resigned from the board of the beleaguered Silicon Valley blood testing company Theranos, according to a person with direct knowledge. Mattis stepped down in December in preparation for a confirmation hearing as president-elect Trump's pick for secretary of defense, the person said...

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    10. Trump's Secretary of State Pick Will Receive Nest Egg Worth $180 Million, Placed in a Trust

      Trump's Secretary of State Pick Will Receive Nest Egg Worth $180 Million, Placed in a Trust

      Exxon Mobil's board of directors has an answer to the nine-figure question about how it will handle the stock due to its outgoing chief executive, Rex Tillerson, who is President-elect Donald Trump's nominee to become secretary of state. Tillerson will surrender the shares, but the company will make a cash payment nearly equivalent to their value -- more than $180 million -- to an irrevocable trust that will be distributed to Tillerson over time...

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    11. One Billion Reasons Why the Yahoo Cyber Breach Matters

      One Billion Reasons Why the Yahoo Cyber Breach Matters

      Verizon may have given Yahoo’s stockholders one billion reasons why cybersecurity matters last week when it hinted it could push to reduce its purchase offer for Yahoo.  The prospect of Yahoo’s stockholders losing $1 billion (or more) as a result of a cyberattack is a bellwether moment in quantifying the need for cybersecurity. Let me explain why...

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      Mentions: acquisition
    12. This Might Help Explain Why Corporate Boards Are Still an Old Boy's Club

      This Might Help Explain Why Corporate Boards Are Still an Old Boy's Club

      Companies with the highest percentage of female directors have been shown to outperform on equity, return on sales and return on invested capital. They pay less to gobble up other firms. They have lower stock price volatility. And those with more women at the top have even been shown to have fewer governance controversies, such as bribery and fraud ...

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    13. What the Ailes Troubles Could Mean for 21st Century Fox’s Business — a Primer for Shareholders

      What the Ailes Troubles Could Mean for 21st Century Fox’s Business — a Primer for Shareholders

      Roger Ailes, as the story goes, landed a media consulting gig with the Richard Nixon presidential campaign and is credited in “ The Selling of the President ” with helping land him in the White House. Ailes was not offered a job in the administration, and he went on to build a lucrative trade in shaping political opinion.  This summer Ailes’s career at Fox News Channel collapsed amid accusations of sexual harassment by female employees...

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