1. Articles from Bloomberg

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  2. 1-24 of 459 1 2 3 4 ... 18 19 20 »
    1. Breaking News: Thyssenkrupp CEO Resigns After Activist Shareholder Pressure

      Breaking News:  Thyssenkrupp CEO Resigns After Activist Shareholder Pressure

      Twitter Thyssenkrupp AG Chief Executive Officer Heinrich Hiesinger resigned days after the company inked a deal for a European steel joint venture that faced fierce investor opposition. “Today I informed the Supervisory Board that I would like to step down from my position,” Hiesinger said in a statement on Thursday. Hiesinger’s leadership at Thyssenkrupp had been marked by criticism for the company’s declining revenue, rising costs and a declining stock price...

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    2. Deutsche Bank U.S. Unit Fails Stress Test as Fed Faults Controls

      Deutsche Bank U.S. Unit Fails Stress Test as Fed Faults Controls

      Deutsche Bank said the U.S. business “has made significant investments to improve its capital planning capabilities as well as controls and infrastructure.” The unit is still making progress and working with regulators, according to a statement posted on the web. The U.S. unit of Germany’s largest bank was the only firm to fail the second round of this year’s stress tests, which were established as part of the Dodd-Frank overhaul of financial regulations...

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    3. Activist Jana Is Set to Make $144 Million on Pinnacle Foods Deal

      Activist Jana Is Set to Make $144 Million on Pinnacle Foods Deal

      Activist investor Jana Partners and its affiliates stand to make about $144 million on their investment in Pinnacle Foods Inc. , after the packaged-food company agreed to be acquired by Conagra Brands Inc. for $8.1 billion. The New York-based hedge fund, run by Barry Rosenstein, disclosed a 9.5 percent position in Parsippany, New Jersey-based Pinnacle on April 19...

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    4. Bloomberg Pay Index: Highest-Paid Executives for 2017

      Bloomberg Pay Index: Highest-Paid Executives for 2017

      With a half-billion-dollar pay package for 2017, Evan Spiegel claims the crown of an elite group of corporate leaders. Spiegel, 27, got the $504.5 million package when Snap Inc., the firm he co-founded in college, went public last year, making him the highest-paid executive of a publicly traded U.S. company, according to the Bloomberg Pay Index...

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    5. Elliott Wins Clash for Telecom Italia's Board, Beating Vivendi

      Elliott Wins Clash for Telecom Italia's Board, Beating Vivendi

      ... SA to take control of Telecom Italia SpA's board after shareholders supported the U.S. activist investor's call to improve its corporate governance and push for asset sales, ... Shareholder advisory firms Institutional Shareholder Services Inc. and Glass Lewis & Co. also recommended Elliott's board slate...

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    6. LSE Directors Should Confront Management ‘Behavioral Issues’

      LSE Directors Should Confront Management ‘Behavioral Issues’

      London Stock Exchange Group Plc’s directors should be prepared to confront “behavioral and performance issues” among management, according to a review that absolved its board of blame in the acrimonious departure of former Chief Executive Officer Xavier Rolet. Rolet abruptly left LSE in November amid a battle between the 217-year-old bourse’s board and activist investor TCI Fund Management , which wanted Rolet’s contract extended and sought to oust Chairman Donald Brydon instead...

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    7. Corporate Boards Are Looking for CEOs Who Aren’t Old White Men

      Corporate Boards Are Looking for CEOs Who Aren’t Old White Men

      For most of the past decade, Cheryl Miller has spent her days trying to put more cars on America’s roads—first as the treasurer and now as the chief financial officer of AutoNation Inc. , the largest auto retailer in the U.S. And for the past year she’s been working on behalf of another of the country’s biggest companies, Tyson Foods Inc. , as one of the newest members of its board of directors...

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    8. Zuckerberg's $1.5 Million Worth of Private-Plane Trips—and Other Perks of Being the Boss

      Zuckerberg's $1.5 Million Worth of Private-Plane Trips—and Other Perks of Being the Boss

      The benefits of running a large public company go well beyond paychecks and stock awards. Take Mark Zuckerberg , who crisscrossed the U.S. last year to attend a rodeo in Fort Worth, Texas, speak with Muslim students in Dearborn, Michigan, and fish salmon in Alaska, all part of a personal challenge to meet and talk with regular people...

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    9. William Hill CEO’s 9% Raise Slammed by ISS Advisory Group

      William Hill CEO’s 9% Raise Slammed by ISS Advisory Group

      A 9.1 percent pay increase for new William Hill Plc Chief Executive Officer Philip Bowcock threatens to spark a shareholder rebellion at the U.K. bookmaking group. Institutional Shareholder Services Inc. , the advisory group that normally commands as much as 25 percent of shareholder support for its resolutions ahead of company annual general meetings, has advised William Hill investors to vote against the company’s remuneration report at its coming annual meeting...

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    10. DuPont Sells Country Club Peltz Scorned as ‘Corporate Largesse’

      DuPont Sells Country Club Peltz Scorned as ‘Corporate Largesse’

      DowDuPont Inc. finally landed buyers for its country club, several years after activist investor Nelson Peltz blasted the golf and tennis playground as a symbol of corporate excess. The club became a flash point for Peltz’s Trian Fund Management in its failed 2015 proxy fight for seats on the board of DuPont, which subsequently merged with Dow Chemical...

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    11. Carlyle to Acquire Akzo Nobel's Chemicals Unit for $12.5 Billion

      Carlyle to Acquire Akzo Nobel's Chemicals Unit for $12.5 Billion

      Akzo Nobel Sells Chemicals Unit to Carlyle for $12.5 Billion By Dutch company to focus on paints, coatings after sale Chemicals business also attracted bids from Apollo, Advent Akzo Nobel NV is selling its specialty chemicals unit to U.S. private equity firm Carlyle Group for 10.1 billion euros ($12.5 billion) in a deal set to transform the Dutch company into a supplier of paints and coatings...

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    12. Jamie Dimon's Corporate Governance Plan

      Jamie Dimon's Corporate Governance Plan

      Anyone who has attended the shareholder meeting of a Fortune 500 company will have felt a twinge of agreement at JPMorgan Chase & Co. CEO Jamie Dimon's characterization that they are a waste of time. The romantic notion that these meetings are a democratic exercise of shareholder rights bears little relation to reality, where important votes tend to be sewn up in advance through proxy firms and big investors...

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    13. SandRidge Report Reveals the Cost of Quarreling With Carl Icahn

      SandRidge Report Reveals the Cost of Quarreling With Carl Icahn

      What’s it cost to tempt the wrath of Carl Icahn ? For SandRidge Energy Inc., the price tag is $8.2 million and counting. In a fourth-quarter earnings report Wednesday, the oil and gas explorer said it paid a $3.7 million termination fee after canceling the acquisition of Bonanza Creek Energy Inc. in December under pressure from Icahn and other top investors...

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    14. Honeywell CEO's 2017 Pay Is 333 Times More Than Median Worker's

      Honeywell CEO's 2017 Pay Is 333 Times More Than Median Worker's

      Honeywell International Inc. disclosed that Chief Executive Officer Darius Adamczyk’s $16.5 million pay package for last year amounts to about 333 times more than what the company’s median employee earned, making it the first S&P 100 company to disclose the ratio. The Morris Plains, New Jersey-based firm reported the ratio Friday in a regulatory filing . Thousands of publicly traded U.S. businesses will make their inaugural disclosures this year under a mandate of the 2010 Dodd-Frank Act...

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    1-24 of 459 1 2 3 4 ... 18 19 20 »
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