The photocopier company has named John Visentin as CEO and also elected him to the position of vice chairman of the board. Visentin has spent decades in the technology sector as an executive at IBM and Hewlett-Packard...
In 2017 activist investors targeted companies with multibillion-dollar market capitalizations, but compared to 2016 activity cooled...
Elaine Wynn, in a filing on Tuesday, said she may engage in discussions with the company's shareholders, management and board regarding the “strategy, business, management, capital structure and allocation, corporate governance , and board composition” of Wynn Resorts. Wynn resigned as ...
It's now commonplace, it's more like the rule than the exception these days, which is a bad thing in terms of corporate governance , but what can you do. Snap was really unique in the sense that they gave public investors zero votes, which is just adding insult to injury. Whereas most companies, it's very ...
U.S. Consumers Could Suffer From Dodd-Frank, CFPB Changes Published April 19, 2017 Massive changes to the Consumer Financial Protection Bureau - or the financial reform law that established it - could hurt U.S. mortgage borrowers who use the agency to fight erroneous charges and foreclosures, according to Trulia, an online real estate marketplace.
High-end handbag and apparel maker Kate Spade & Co. is exploring a sale of the company, according to people familiar with the matter, after coming under pressure from an activist shareholder. The New York company is working with an investment bank and has contacted possible buyers, including other retailers, one of the people said. The process is at an early stage. As of Wednesday morning, Kate Spade had a market value of $1.9 billion. Its value has dropped amid a difficult retail environment...
Some major shareholders in HSBC want the bank to give greater reassurance on succession-planning for its chairman and chief executive, concerned that a timetable for replacing veterans Douglas Flint and Stuart Gulliver may be slipping ...
“If you’re sitting around a corporate board room these days, you know the top-lined growth rate is a struggle for most companies. So, inevitably, on the strategic list has to be: Could we do better if we combined with somebody else?” he said. As for whether the AT&T-Time Warner combination will receive ...
If you read the media reports, you’d think Wells Fargo’s outgoing CEO, John Stumpf, robbed the company blind and escaped with a whopping exit package: “ Disgraced Wells Fargo CEO John Stumpf set for $134M exit .” “ Wells Fargo CEO walks with $130 million .” “ Wells Fargo CEO Stumpf retires with $134M .” Continue Reading Below The Wall Street Journal actually pegs the figure at $120 million, but that’s neither here nor there...
U.S. Treasury's Lew Faults 'Bad Behavior' at Wells Fargo Published September 13, 2016 Print U.S. Treasury Secretary Jack Lew said on Tuesday federal regulators were correct to punish Wells Fargo & Co for setting up sham accounts without customers' knowledge, but stopped short of calling for a clawback of pay from the head of the unit where the wrongdoing took place...
When the activist fund Starboard launched an attack on Yahoo! ( YHOO ), it was just one of the many recent takeover targets. Continue Reading Below Noted activist investor Bill Ackman has launched attacks against Herbalife ( HLF ) and embattled drug company Valeant ( VRX ). Starboard previously launched attacks against Olive Garden's parent company ( DRI ). So what's the activist investor epidemic plaguing boardrooms?
Estate and trust planning is one of the oldest areas of the law, and the terminology that experts use to discuss trusts can be nearly incomprehensible to ordinary people.
Xerox Corp will split into two companies and give billionaire activist investor Carl Icahn three board seats on one of the companies, the Wall Street journal reported.
A dramatic drop in the final hour of trade put the Dow further away from its goal of ending the year on a positive note...
On the regulatory front, banks now face more stringent capital requirements under the international Basel III framework and the Collins Amendment of the Dodd-Frank Act. Return on equity is partially a function of leverage; all other things equal ...
Avon Products on Friday responded to activist investor Barington Capital's public campaign launched Thursday to turn the beauty-products seller around, saying it welcomes shareholder feedback. "Our board of directors and management team regularly review a ...
Yum Brands Inc. on Thursday further lowered its earnings guidance for the current fiscal year, and announced that Keith A. Meister was joining its board...
Standard & Poor's said on Wednesday it was more likely than before to cut General Electric Co's credit rating in the next two years after activist investor Nelson Peltz's purchase of a $2.5 billion stake in the company...
A group of shareholders is looking to strip Bank of America Chief Executive Brian Moynihan of his chairman title on Tuesday in an investor vote...
Just weeks after Cheniere Energy added two affiliates of Carl Icahn to its board of directors, the billionaire investor disclosed that he's boosted his stake in the liquid natural gas company...
Analysts on Wednesday gave the thumbs up to the replacement of United Continental Holdings Inc Chief Executive Officer Jeff Smisek, who stepped down due to a federal probe of the U.S. airline, and the company's shares were flat...
Shares of Iconix tumbled 25 percent Friday after it was announced that founder Neil Cole was leaving the clothing brand licensing company. Cole has been president, chairman and CEO since the company was founded 10 years ago. Iconix said Thursday that Cole would serve as a special adviser through the end of September. Board member Peter Cuneo was named interim CEO and chairman...
Activist investor Bill Ackman is paying approximately $5.5 billion for a 7.5 percent stake in Mondelez International Inc. Ackman's Pershing Square Capital Management LP is buying about 120.3 million shares of the snack maker. Mondelez's stock rose 8 percent in Thursday premarket trading. Mondelez, the maker of products including Oreo cookies and Cadbury chocolate, split off from Kraft in 2012. Kraft kept the North American grocery brands and Mondelez took the snacks...
Twenty-First Century Fox board members gathered in New York City this morning for a regularly scheduled corporate board meeting. Succession plans involving Chairman Rupert Murdoch will be discussed, the FOX Business Network has learned. Last week it was reported that Rupert Murdoch was making plans to turn over the reins of 21st Century Fox ( ), his sprawling media and entertainment empire, to his son James...