Microsoft CEO Satya Nadella “earned the right” to also lead the technology giant’s board of directors, the company’s former chairman, John Thompson, told CNBC on Wednesday...
The lack of diversity in corporate America is not a new issue, but it is an issue that has taken on increasing importance in recent years...
Pershing Square Tontine Holdings is a particular goal acquisition firm (“SPAC”). The agency doesn’t have important operations. It intends to impact a merger, capital inventory trade, asset acquisition, inventory buy, reorganization, or related enterprise mixture with a number of companies...
Tech companies made big pledges to fight racism last year — here's how they're doing so far - Last June, tech companies made countless commitments to promote racial justice in the wake of the police murder of George Floyd. - One year after those initial statements, many tech companies say they have met some of their initial goals while promising to expand their commitments to diversity and inclusion efforts and racial justice causes...
Judge Yvonne Gonzalez Rogers, who is presiding over the Epic v. Apple antitrust trial, saved her best for last. As Apple CEO Tim Cook prepared to leave the stand on Friday afternoon on the 15th and final day of courtroom testimony, Gonzalez Rogers took nearly 10 minutes — the longest singular line of questioning she's put to a witness in the trial — to grill Cook about both the business model of the App Store and the very nature of its relationship with developers...
Duke operates as an energy company in the United States that is the product of a merger with Cinergy in 2006; a merger with Progress Energy in 2012; and the acquisition of Piedmont Natural Gas in 2016. It operates through three segments: Electric Utilities and Infrastructure, Gas Utilities and Infrastructure, and Commercial Renewables...
AT&T shareholders on Friday voted against a measure to approve executive compensation, according to preliminary voting results from the company's annual meeting...
Activist investor and newly appointed Exxon board member Jeff Ubben is building his stake in the company on the belief that the oil giant will be integral to the energy transition...
CEO Nobuaki Kurumatani resigned on Wednesday amid controversy over a $20 billion buyout bid from CVC Capital Partners and the conglomerate's shares surged on reports that more suitors were planning offers...
SINGAPORE — Companies in Asia are catching up with their Western peers in adopting sustainability and ethical practices, said Loh Boon Chye, chief executive of the Singapore Exchange...
McDonald's CEO Chris Kempczinski received more than $10.8 million in compensation last year, despite the company missing performance targets, according to a company filing. In April, the fast-food giant said that its executives would take pay cuts as the coronavirus pandemic battered the restaurant industry...
The Supreme Court is set to hear arguments from Goldman Sachs in a long-running case that could have major implications for shareholders seeking to bring securities-fraud lawsuits. Arguments are scheduled to begin at 10 a.m. ET Monday and will be streamed live as the court continues to meet remotely as a precaution against Covid-19...
Nike has laid out a five-year roadmap to creating a more diverse and inclusive workforce, the company announced Thursday, as corporate America is increasingly being held accountable for their values and the actions that come with them...
The group of activist investors looking to seize control of Kohl’s board has reduced the number of directors that it plans to nominate, to five from nine...
Macellum is not an activist investor but is willing to take activist measures when they believe change is necessary. They have significant experience with consumer retail companies, and that experience is evident in their detailed letter to the board...
Exxon CEO Darren Woods told CNBC on Thursday the oil giant is committed to its dividend even though the company lost more than $20 billion in 2020 and as activist investors push for change...
Chipotle Mexican Grill said Thursday that executive compensation will now be linked to hitting targets tied to the company’s environmental and diversity goals...
“I think diversity in boards and diversity in senior leadership ... benefits decision-making and it’s something that I’m committed to at the SEC and the leadership there,” he said. “It’s a positive step forward in the leadership of the SEC that, if confirmed, I’m going to take on...
When Jeff Immelt was pushed out as CEO of General Electric in 2017, he didn't leave empty handed. If fact, he earned over $200 million in retirement pay on top of 35 years of big salaries plus bonuses, which amounted to $33 million in 2015 and $21.3 million in 2016, for instance. (Immelt also reportedly used two corporate jets when he would travel, according to a Wall Street Journal report...
Delta Air Lines, which received billions of dollars in federal aid last year, is paying managers bonuses ranging from a few thousand dollars to more than $100,000 to help make up for pay cuts at the start of the Covid pandemic last year...
HP Inc. CEO Enrique Lores is no stranger to speaking out when it comes to ESG — environmental, social and corporate governance — addressing unrest as well as the rapid push to innovate due in part to the coronavirus pandemic...
Merck’s outspoken chairman and CEO, Ken Frazier, is retiring after almost 30 years at the drugmaker, the company announced Thursday...
Amazon CEO Jeff Bezos will step down later this year, turning over the helm to the company’s top cloud executive Andy Jassy, the company announced Tuesday. Bezos will transition to executive chairman of Amazon’s board...
HG Vora is not an activist investor, but has shown to be active value investors when necessary. It is an event driven, value-oriented fund that was founded in 2009 by Parag Vora. HG Vora is part of a new breed of activism – deep value investors who have experience being activist when necessary, but do not use it as their prime strategy...