1. Articles from usatoday.com

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    1. REI Stores Stay Shut, Workers Furloughed, No Pay for CEO

      REI Stores Stay Shut, Workers Furloughed, No Pay for CEO

      SEATTLE (AP) — REI said Monday it would keep its 162 retail locations closed and furlough some of its roughly 14,000 employees without pay for 90 days as the COVID-19 pandemic continues to halt much of the retail industry . CEO Eric Artz, who announced the decision in a blog post, said he and the Kent-based company's board would go without compensation for six months, The Seattle Times reported...

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    2. Hedge Fund Elliott Management Wants to Remove Twitter CEO Jack Dorsey

      Hedge Fund Elliott Management Wants to Remove Twitter CEO Jack Dorsey

      Activist investor Elliott Management is seeking to oust Twitter CEO Jack Dorsey, Bloomberg News reported late Friday. The $40.2 billion hedge fund run by Paul Singer has taken a major stake in the social media company and is urging changes, people familiar with the matter told the news outlet. Twitter declined to comment. Elliott Management could not immediately be reached for comment. According to Bloomberg News, Elliott Management has nominated four directors to Twitter's board...

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    3. Gannett MNG Fight: Gannett Gets Glass Lewis Backing in Takeover Clash

      Gannett MNG Fight: Gannett Gets Glass Lewis Backing in Takeover Clash

      A shareholder advisory service sided with Gannett in its effort to fend off the hostile takeover attempt of a hedge fund-controlled newspaper company. Glass Lewis, which advises shareholders on governance issues, recommended that Gannett stockholders reject the unsolicited bid and board nominees from MNG Enterprises...

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    4. StarKist Admits Fixing Tuna Prices, Faces $100 Million Collusion Fine

      StarKist Admits Fixing Tuna Prices, Faces $100 Million Collusion Fine

      SAN FRANCISCO — Authorities say StarKist has agreed to plead guilty to price fixing as part of a broad collusion investigation of the canned tuna industry. Federal prosecutors announced the plea agreement Thursday and said the company faces a fine up to $100 million. Bumble Bee Foods last year pleaded guilty to the same charge and paid a $25 million fine. Chicken of the Sea has not been charged because prosecutors say the company exposed the scheme and cooperated with the investigation...

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    5. CEOs Aren't Disclosing Their Real Compensation. The Pay Gap is Much Worse Than You Think.

      CEOs Aren't Disclosing Their Real Compensation. The Pay Gap is Much Worse Than You Think.

      CEOs aren't disclosing their real compensation. The pay gap is much worse than you think. The pay gap between workers and CEOs is already high. Add in gains on stock options, and it's infuriating. We need to keep CEOs accountable. Post to Facebook CEOs aren't disclosing their real compensation. The pay gap is much worse than you think. The pay gap between workers and CEOs is already high...

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    6. New Requirement in Corporate Disclosures: Comparing CEO Pay to Average Employees

      New Requirement in Corporate Disclosures: Comparing CEO Pay to Average Employees

      What's new in proxy reports, starting with reports filed in 2018, is the requirement to report compensation for employees. Until now, companies have reported the number of their workers and, possibly, where they're based. The new requirement is to provide a median or midpoint compensation figure, and some companies are disclosing more...

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      Mentions: Management CFO NYSE
    7. Cambridge Analytica Board Suspends CEO, Pending Probe into Misuse of Facebook User Data

      Cambridge Analytica Board Suspends CEO, Pending Probe into Misuse of Facebook User Data

      "Mr. Nix's recent comments secretly recorded by Channel 4 and other allegations do not represent the values or operations of the firm and his suspension reflects the seriousness with which we view this violation," the board of directors said in a statement. The broadcasts come amid questions about how ...

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    1-24 of 59 1 2 3 »
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