• Billionaire Ray Dalio relinquished his Bridgewater voting rights on September 30 and stepped down as one of three co-CIOs.
• He will retain a minority stake, keep a seat on the board, and take on the title of founder and CIO mentor.
• Dalio founded Bridgewater — now the world's largest hedge fund — in 1975 and began transition plans as far back as 2010...

• Jamie Dimon warned Monday that JPMorgan faces a $1 billion loss from its exposure to Russia.
• JPMorgan is pulling out of the country, along with a host of other Western banks and companies.
• The war in Ukraine will slow the global economy, the JPMorgan CEO said in his latest letter to shareholders...

• Billionaire investor Carl Icahn anticipates a US recession or "even worse" ahead.
• Icahn told CNBC he isn't sure the Fed can engineer a "soft landing" in tackling high inflation.
• To protect against a possible recession, Icahn is betting against malls and commercial real estate...

Bill Ackman's Pershing Square is betting big on Canadian Pacific Railway. The investor's hedge fund owned 2.8 million shares worth about $202 million at the end of December. Pershing Square now has exposure to $1.2 billion of stock through its shares and forward contracts. Bill Ackman's Pershing Square disclosed a new stake in Canadian Pacific Railway this week, heralding the firm's return to one of its most successful bets ever...

• Billionaire Carl Icahn said there are far too many "terrible CEOs" not held accountable in the US.
• He blamed them for driving economic problems like high inflation and the widening wealth gap.
• He spoke ahead of an HBO documentary called "Icahn: The Restless Billionaire" that premiered Tuesday...

Salesforce will tie executive pay to diversity and inclusion goals, the company announced Tuesday. Salesforce also said 50% of its employees now identify as being from an underrepresented group. Like many tech firms, Salesforce has faced employee criticism over its culture and lack of diversity. Salesforce will now tie executive compensation to the company's environmental, social, and governance goals, or ESG goals, the company announced Thursday...

• Tesla was subpoenaed by the SEC 10 days after Elon Musk asked Twitter whether he should sell 10% of his stock.
• The regulator asked for information on Tesla's governance process around compliance with a 2018 settlement.
• In the settlement, Musk agreed to have Tesla-related tweets vetted by a company lawyer before posting them...

• Google's parent company Alphabet announced a 20-for-1 stock split in its blockbuster earnings report Tuesday.
• It was a surprise announcement aimed at making shares more affordable and appealing to smaller investors.
• Here's what a stock split is, why Google is doing it, and what it means for investors...

An activist investor group that called for the ouster of Activision CEO Bobby Kotick is sounding the alarm on the massive payout he is due after the blockbuster Microsoft takeover closes...

A whistleblower's nondisclosure agreement with Apple brings new scrutiny to SEC proposal. The document demonstrates the lengths Apple will go to silence former employees. "If we can't hold the biggest company in the world accountable, who can we?" Apple whistleblower Cher Scarlett said...

Wells Fargo CEO Charlie Scharf has quietly transformed the upper ranks of the fourth-biggest US bank since joining in 2019...

Ryan Cohen has scored a roughly 2,400% gain on his GameStop investment in eight months, valuing his stake at nearly $2 billion today...

SAN JOSE, Calif., Aug. 17, 2021 /PRNewswire/ -- Arlo Technologies, Inc. (NYSE: ARLO), a leading internet-connected camera brand, today announced that it has appointed Catriona Fallon to Arlo's Board of Directors and as Chair of Arlo's Audit Committee...

CHICAGO, July 26, 2021 /PRNewswire/ -- Conagra Brands, Inc. (NYSE: CAG) today announced the appointment of Fran Horowitz to its board of directors...

Justin Sullivan/Getty ImagesUber's top dog Dara Khosrowshahi thinks his fellow CEOs are overpaid, he said in an interview with The New York Times . "I think if you define fairness by 'fair market value,' then CEOs are paid fairly," he said. "I think if you define fairness by how you think society should value people, then I think CEOs are paid too much. You could put me in that group...

• Apple is taking advantage of the low interest rate environment to raise $14 billion in debt, according to Bloomberg.
• The debt offering will include 40-year bonds and proceeds from will go towards buying back stock and dividend payments.
• Apple ended its most recent quarter with $196 billion in cash, and $112 billion in debt...

 Chubb has enhanced its Directors & Officers and Entity Securities Liability as well as its Fiduciary Liability primary insurance offerings...

• Samsung's chairman, Lee Kun-hee, died on Sunday at age 78.
• The boss of the South Korean conglomerate once counted Warren Buffett as a shareholder.
• Buffett, a billionaire investor and the CEO of Berkshire Hathaway, made "hundreds of millions" from a rare overseas bet on Samsung, he revealed in a CNBC interview in 2018.
• "It was a big, strong, good company," he said...

(RTTNews) – EasyJet Plc (ESYJY.PK, EZJ.L) Wednesday announced that Moya Greene DBE, non-executive director and Chair of the Remuneration Committee, has notified the Board that she will not be standing for re-election at the company’s next AGM. The company will announce Greene’s successor as Chair of the Remuneration Committee in due course...

• Nikola's stock price tanked up to 8% in pre-market trade on Wednesday after the US Justice Department joined the SEC in probing fraud claims against the company.
• The SEC announced this week it will investigate the electric truck-maker for "intricate fraud"...

Bill Ackman told Bloomberg TV on Thursday that Airbnb's first choice is to go ahead with an IPO, but hasn't decided against merging with a special-purpose acquisition company...

• Two companies that count Warren Buffett as a shareholder announced acquisitions this week.
• Liberty Global has agreed to buy Swiss telecoms rival Sunrise Communications for $7.5 billion in cash, while Brazilian payments group StoneCo is set to acquire software group Linx for $1.1 billion in cash and stock.
• Assuming Buffett's Berkshire Hathaway hasn't altered its stakes in the two companies, they are currently worth a combined $1.3 billion...

• Morgan Stanley CEO James Gorman sees the bank resuming stock buybacks and boosting its dividend as early as next year.
• The bank reported record quarterly earnings Thursday morning of $1.96 per share, beating analysts' $1.12 per-share estimate.
• Morgan Stanley now holds between $6 billion and $10 billion in "excess capital," Gorman said on CNBC, adding "we should also increase our dividend and we should be back on the buyback trail...

Hertz revealed in a Wednesday regulatory filing that it received a delisting notice from the New York Stock Exchange on May 26, four days after the company filed for bankruptcy...