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    1. FedEx Union Urges Holders to Reject CEO's $54M Pay Package

      FedEx Union Urges Holders to Reject CEO's $54M Pay Package

      The Teamsters union is calling on FedEx ( FDX ) shareholders to reject Founder and Chief Executive Fred Smith's $54 million pay package, a media report says. The package-delivery giant gave the executive stock options after scrapping a cash bonus in the wake of the COVID-19 pandemic. It then reinstated the bonus and left the option award intact, the union said, according to Reuters. Shares of the Memphis company at last check were down 0.6% at $265.62...

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    2. Unicorns Aren't That Rare Anymore, and Shareholders are Demanding More Control

      Unicorns Aren't That Rare Anymore, and Shareholders are Demanding More Control

      More and more unicorns are galloping toward the stock exchanges, and it isn't always a smooth ride. Short-term volatility may be typical, as Lyft ( LYFT shareholders learned last week in the stock's first full week of trading. But there are deeper tensions beneath the surface, and their implications for investors are coming more clearly into focus...

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      Mentions: IPO Google Tesla
    3. Bob Iger's Reduced Compensation at Disney Gets Approved by Slim Majority

      Bob Iger's Reduced Compensation at Disney Gets Approved by Slim Majority

      Walt Disney ( DIS ) shareholders approved CEO Bob Iger's future pay package by a slim 57% margin at the company's annual shareholder meeting even though the media giant proposed to reduce his compensation by $13.5 million. Iger was paid $65.6 million in 2018, a large jump from the $36.2 million he was paid in 2017, thanks to the stock awards he received from the company's upcoming purchase of Twenty-First Century Fox ( FOX ) assets...

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    4. Carl Icahn Cuts Stake in Hertz to Under 29%

      Carl Icahn Cuts Stake in Hertz to Under 29%

      Long-time activist investor and billionaire Carl Icahn has cut his holdings in car and truck rental giant Hertz Holdings ( HTZ ) . A Securities and Exchange Commission filing revealed that High River Limited Partnership, one of Icahn's investment firms, sold 1 million shares of Hertz, while Icahn Partners LP sold approximately 2.52 million shares and Icahn Partners Master Fund LP sold roughly 1.48 million shares - all on Monday, March 4...

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    5. Caesars Is Seeking Carl Icahn's Advice for Next CEO, Report Says

      Caesars Is Seeking Carl Icahn's Advice for Next CEO, Report Says

      Caesars Entertainment Corp. ( CZR ) is gambling on Carl Icahn's input to help the casino operator pick its next chief executive, according to Reuters, which cited people familiar with the matter. The talks are part of a settlement between Icahn and Caesars that would also include board seats, according to the report, after the billionaire activist investor disclosed a 9.8% stake in the company last week. After disclosing his stake, Icahn asked Caesars to launch a process to explore a sale...

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      Mentions: Sale stake Caesars
    6. Icahn Bets on Caesars' Sale

      Icahn Bets on Caesars' Sale

      Caesars Entertainment Corp.'s ( CZR ) latest gamble could on be itself, according to a published report Thursday. Carl Icahn -- the billionaire activist investor -- is urging the casino company to "explore a sale," according to The Wall Street Journal report, which said the company had received two recent offers. An email to a Caesars' spokesperson seeking comment was not immediately returned...

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      Mentions: Sale Caesars earnings
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