As the world battles climate change, homelessness and income inequality, CEOs are still bound by investors and profits...
Apple's executives got smaller bonuses in 2019 because the company didn't exceed its goals for sales and net income as much as it did in 2018...
Activist hedge fund Marcato Capital Management, backed by Blackstone Group and billionaire William Ackman, is shutting down as assets have shriveled after two years of poor returns, sources said on Sunday...
“Face plant” and “awful” aren’t descriptors CEOs want to hear after reporting quarterly profit numbers. But FedEx’s fiscal second-quarter results were so bad — the profit decline so steep — that such severe language is not only justified, but it wouldn’t be surprising to see an activist investor build a stake in the global shipper, one notable analyst proposed...
Alphabet said on Monday that it’s added acclaimed biologist Frances Arnold to its board of directors...
Boardroom diversity — or the lack of it — has become a hot button issue for organizations as they face growing pressure to better reflect their workforce and wider society. Until now, that conversation has centered largely on gender and race — where much work remains to be done. But, increasingly, age is also becoming an important metric of representation...
Carl Icahn, billionaire activist investor, waits for Donald Trump, president and chief executive of Trump Organization Inc. and 2016 Republican presidential candidate, not pictured, to speak at an election night event in New York, U.S., on Tuesday, April 19, 2016. Victor J. Blue | Bloomberg | Getty Images Billionaire investor Carl Icahn is moving his office from New York to Florida early next year, and plans to eventually hand over the hedge fund to his son, Brett...
Papa John's founder John Schnatter said Tuesday that replacing CEO Steve Ritchie is a "step in the right direction" for the pizza chain...
Overstock CEO Partick Byrne has resigned from the e-commerce company after making controversial comments about his role in the "Deep State."..
It’s 2019, and a $47 billion company is going public with an all-male board of directors. WeWork’s parent known formally as the We Company disclosed who comprises its board in an initial public offering prospectus early on Wednesday. Among the seven members, not a single one is female. The company was most-recently valued privately at $47 billion although it’s unclear if they’ll receive the same price tag from the public markets...
The merger highlights a long effort to unite CBS and Viacom as the media companies seek to compete with giants like Disney...
Taco Bell's parent company Yum Brands on Monday said David Gibbs has been tapped as CEO, effective Jan. 1, 2020. Gibbs will be succeeding Greg Creed, who has been with Yum for 25 years...
Regulation Best Interest is the latest regulatory move in the debate over whether advisors and brokers should adhere to a "fiduciary standard."...
Anadarko Petroleum releases new financial details of its proposed combination with Occidental Petroleum that revealed its acquirer did not expect to generate enough cash to cover its shareholder payments until 2022. Activist investor Carl Icahn this month launched a campaign to unseat four Occidental directors...
Sen. Elizabeth Warren on Tuesday called on the former head of the Food and Drug Administration, Scott Gottlieb, to resign from Pfizer’s board of directors, saying the appointment months after leaving the agency “smacks of corruption.” “This kind of revolving door influence-peddling smacks of...
Scott Gottlieb, who stepped down as Food and Drug Administration Commissioner in April, will join Pfizer's board of directors, the company announced Thursday..
Carl Icahn ratcheted up his fight with Occidental Petroleum over its pending purchase of rival Anadarko Petroleum by calling for a special shareholder meeting where he hopes to win board seats...
Notorious "pharma bro" Martin Shkreli has reached a settlement with his former biopharmaceutical company Retrophin just weeks ago after he sued two company directors and its ex-general counsel from prison. Shkreli has dismissed his suit...
CBS and Viacom are expected to begin seriously discussing a merger after tomorrow's board meeting. The companies must agree on a number of leadership questions to get a deal done.
Callaway Golf soared in Thursday trading after longtime activist investor Jana Partners disclosed a 9.2% stake in the company...
Notorious 'pharma bro' Martin Shkreli, settled in to his new home in a federal prison in Pennsylvania, on Friday sued two directors and the ex-general counsel of Retrophin, accusing them of using fraud to oust him as head of the firm in 2014...
Wynn's board of directors said the company on Tuesday paid the state a $35 million fine as well as $500,000 assessed to CEO Matthew Maddox ahead of Friday's deadline to pay the fines or appeal...
