1. 1-26 of 26
    1. Calpers Ups Pressure on Companies Over Executive Pay, Harassment -

      Calpers Ups Pressure on Companies Over Executive Pay, Harassment -

      (Bloomberg) -- The largest U.S. public pension fund is taking a tougher line over executive compensation. The California Public Employees’ Retirement System voted against pay programs this year at 43 percent of the 2,145 U.S. public firms it owns stakes in, up from 18 percent in 2017, the system said Monday. One reason is closer scrutiny, said Simiso Nzima, investment director for corporate governance...

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    2. We Never Learned From Lehman

      We Never Learned From Lehman

      (The Bloomberg View) -- Bloomberg Opinion marks the 10th anniversary of Lehman’s bankruptcy with a collection of columns from around the world. Read more. Ten years ago, amid a worsening subprime mortgage crisis, the U.S. government did what few have dared: It allowed a major global investment bank, Lehman Brothers Holdings Inc., to file for bankruptcy...

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    3. Trillion-Dollar Investors Don’t Mind Billion-Dollar CEO Awards Bloomberg

      Trillion-Dollar Investors Don’t Mind Billion-Dollar CEO Awards Bloomberg

      (Bloomberg) -- Some of the world’s biggest money managers backed two unprecedented executive awards this year, emboldening other corporate boards to make colossal bets on their CEOs. Funds run by BlackRock Inc., Fidelity and T. Rowe Price Group Inc. cast votes in favor of special grants for Tesla Inc. Chief Executive Officer Elon Musk and Axon Enterprise Inc.’s Rick Smith, regulatory filings show...

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    4. Carl Icahn Still Opposes Dell Deal on Valuation Concerns

      Carl Icahn Still Opposes Dell Deal on Valuation Concerns

      (Bloomberg) -- Dell Technologies Inc., one of the world’s largest closely held technology companies, will likely face an up uphill battle convincing at least one vocal investor that its $21.7 billion plan to go public is fair for shareholders. Dell’s earnings release Thursday marks one of investors’ last opportunities to see whether Dell is on track to meet its robust sales expectations before a vote on the company’s cash-and-stock offer for its tracking stock, DVMT, in October...

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    5. Imagine If Shareholders Didn’t Come First

      Imagine If Shareholders Didn’t Come First

      (Bloomberg Opinion) -- U.S. Senator Elizabeth Warren has proposed a bill -- the Accountable Capitalism Act -- that would require large companies to create corporate charters that take account of the interests of workers, customers and communities in addition to shareholders. To enforce this dictum, it would give each company’s employees the power to elect 40 percent of the corporate directors. Right now, U.S. corporations are set up to maximize the value of their shareholders....

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    6. Why U.S. Corporate Boards Don’t Include Workers

      Why U.S. Corporate Boards Don’t Include Workers

      (Bloomberg Opinion) -- In Germany, it’s considered perfectly normal that half the members of corporate boards are representatives of the corporation’s employees. In the U.S., where Senator Elizabeth Warren recently proposed 40-percent worker representation, it seems like a radical idea.Why the difference? Those employee board seats in Germany are required by a 1976 law, and in the U.S. corporations could put worker representatives on their boards if they wanted to...

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    7. Campbell Soup Rises on Reports Loeb Has Stake and Seeks Action

      Campbell Soup Rises on Reports Loeb Has Stake and Seeks Action

      (Bloomberg) -- Shares of Campbell Soup Co. rose in after-hours U.S. trading on reports that Daniel Loeb’s Third Point LLC has acquired a stake and is pressing for a turnaround at the 149-year-old company. Third Point has a stake of at least $300 million in the soup maker, The Wall Street Journal reported Tuesday, citing a person familiar with the matter. The holding amounts to more than 2.5 percent of Campbell’s stock, the Journal said...

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      Mentions: CEO stake Wall Street
    8. Intel Has a Shot at Boosting Diversity -- in the CEO’s Office -

      Intel Has a Shot at Boosting Diversity -- in the CEO’s Office -

      (Bloomberg) -- Former Intel Corp. Chief Executive Officer Brian Krzanich used to say his push to make the chipmaker’s workforce less male-dominated was motivated by a desire to build a better technology industry for his daughters to work in someday. His power to directly expand opportunities for women at Intel ended when he was forced to resign in June over an extramarital workplace relationship...

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    9. Sempra Energy to Meet With Activist Investors to Discuss a Truce

      Sempra Energy to Meet With Activist Investors to Discuss a Truce

      (Bloomberg) -- Sempra Energy met with activist investors Elliott Management Corp. and Bluescape Resources to try and reach a truce ahead of its analyst conference set for Thursday, according to people familiar with the matter. The two sides met Monday in Washington to discuss whether Sempra would give the activists board seats and consider setting up a committee to weigh options to create shareholder value, said the people, who asked not to be identified because the details are private...

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    10. Activist Investor Calls Reported HBC Joint Venture Talks 'A Step in the Right Direction'

      Activist Investor Calls Reported HBC Joint Venture Talks 'A Step in the Right Direction'

      The activist investor who has been urging Hudson’s Bay Co. ( HBC.TO ) to explore ways to unlock the company’s value by selling its real estate says he is encouraged by reports the retailer is exploring a joint venture for its European business. According Reuters report, HBC is in talks with Austrian property and retail group Signa Holding GmbH about a joint venture for its German retail chain Kaufhof...

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    11. Carl Icahn Won't Bid for SandRidge After Winning Control of Board

      Carl Icahn Won't Bid for SandRidge After Winning Control of Board

      (Bloomberg) -- Activist investor Carl Icahn won’t make a bid to buy oil and gas explorer SandRidge Energy Inc., the company said in a regulatory filing Monday. The billionaire New Yorker told SandRidge last week that he wouldn’t submit an offer, just days after winning a proxy fight to replace most of the board at the Oklahoma business, according to the filing. Icahn instead signed a confidentiality agreement giving his representatives board observer rights, the company said...

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    12. In Icahn-SandRidge Tiff, Bitter Words Hide Overlapping Goal

      In Icahn-SandRidge Tiff, Bitter Words Hide Overlapping Goal

      (Bloomberg) -- The oil industry’s ugliest battle is heading for a climax in Oklahoma City on Tuesday. But SandRidge Energy Inc. is probably bound for the auction block anyway. Whether SandRidge or activist investor Carl Icahn wins control of the board this week, the oil and natural gas explorer is expected to sell some or all of its drilling rights as it tries to reverse a long slide in its market value, according to David Beard, an analyst with New Orleans investment manager Coker & Palmer Inc. Icahn is seeking to replace the entire seven-member board at Oklahoma-based SandRidge, which has ...

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    13. McKesson Reduces CEO's Pay 10% Following Revolt by Investors

      McKesson Reduces CEO's Pay 10% Following Revolt by Investors

      (Bloomberg) -- McKesson Corp. cut Chief Executive Officer John Hammergren’s pay by about 10 percent following a shareholder revolt spurred by claims about the health-care firm’s alleged role in the nation’s opioid crisis. The International Brotherhood of Teamsters led a vote-no campaign in 2017 against the firm’s executive pay plan after accusing the drug distributor of aggravating the opioid epidemic...

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      Mentions: Investors CEO crisis
    14. HBC Faces Shareholder Blowback Over Exec Pay

      HBC Faces Shareholder Blowback Over Exec Pay

      TORONTO -- Hudson's Bay Company faced a fight from some of its most prominent investors Tuesday over its decision to award executives with multi-million-dollar pay packages despite two years of weak sales and sizable losses for the retailer. The Ontario Teachers' Pension Plan, British Columbia Investment Management Corp. and the California Public Employees' Retirement System (CalPERS) said they voted against the company's remuneration practices that include a $54.8 million pay package for the retailer's executive chairman Richard Baker. The "say on pay" vote -- a non-binding motion that is growing in popularity at Canadian companies and aimed at ...

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    15. Activist Clearwater Capital Pushes for Strategic Review at AutoCanada

      Activist Clearwater Capital Pushes for Strategic Review at AutoCanada

      TORONTO - An activist investor wants AutoCanada Inc. to launch a strategic review to explore options for the auto dealership group including a possible sale. In an open letter to the chairman of AutoCanada, Clearwater Capital Management president Roland Keiper raised concerns about how the company has been performing and suggested AutoCanada may be an attractive acquisition target...

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    16. U.K. Firms Must Justify Executive Pay Gaps Under Government Plan

      U.K. Firms Must Justify Executive Pay Gaps Under Government Plan

      (Bloomberg) -- Large companies listed in the U.K. will have to explain the pay gap between bosses and employees under government plans to be submitted to Parliament on Monday. Firms with more than 250 staff on their books will have to publish and justify the difference in pay between chief executives and workers and will have to detail how directors are acting in the interests of both employees and shareholders, the Department for Business, Energy and Industrial Strategy said...

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    17. Tesla Board Overcomes Critics as Investors Back Musk, Directors

      Tesla Board Overcomes Critics as Investors Back Musk, Directors

      (Bloomberg) -- Tesla Inc. shareholders sided with its besieged board by defeating a proposal to require that the chairman be an independent director and approving the re-election of three directors criticized by an activist investor group. Shareholders sided with the board’s recommendations on all agenda items, Todd Maron, Tesla’s general counsel, said during the company’s annual meeting Tuesday in Mountain View, California...

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    18. Athenahealth CEO Bush Faces New Allegations as Video Emerges

      Athenahealth CEO Bush Faces New Allegations as Video Emerges

      (Bloomberg) -- New allegations of questionable behavior by Athenahealth Inc. Chief Executive Officer Jonathan Bush are emerging as the health technology executive attempts to fend off a takeover proposal from an activist investor. In the past week, Bush has apologized for assaulting his ex-wife, and public records have surfaced alleging that he subjected a female employee to what she described as a “sexually hostile environment.” Now more examples of potentially inappropriate behavior by Bush have emerged. A 2017 video clip seen by Bloomberg of Bush at a health-care industry event features the CEO dressed up as a race car driver, pretending ...

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    19. Redstones' NAI Says It Is No Longer Seeking CBS-Viacom Merger

      Redstones' NAI Says It Is No Longer Seeking CBS-Viacom Merger

      (Bloomberg) -- CBS Corp.’s controlling shareholder said it was no longer interested in merging the media company with Viacom Inc., even before CBS filed a lawsuit to fend off a deal. Officials of a company owned by billionaire Sumner Redstone and his family told Viacom directors earlier this month that their interest had waned in merging the owner of MTV, Comedy Central and Paramount Studios with the U.S.’s most-watched TV network in prime time, according to a suit filed Tuesday by National Amusements Inc. NAI didn’t “intend to force a CBS/Viacom merger, whether by removing and ...

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      Mentions: CEO Delaware Merger
    20. Forget Golf. Women’s Endowment Roles Can Lead to the Boardroom

      Forget Golf. Women’s Endowment Roles Can Lead to the Boardroom

      (Bloomberg Markets) -- The old boys’ network is costing university endowments money. Investment committees that have female majorities typically generate higher returns than committees that don’t. “There’s something about the way women lead and the way they collaborate,” says Jolyne Caruso-FitzGerald, a 35-year Wall Street veteran and chair of the board of trustees at Barnard College, a women’s school in Manhattan. “There’s this intimidation factor on mostly male boards...

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    21. Crescent Point Said to Defeat Activist Investor Cation Capital in Proxy Vote

      Crescent Point Said to Defeat Activist Investor Cation Capital in Proxy Vote

      Crescent Point Energy Corp.’s shareholders are expected to vote against a slate of directors put forth by activist investor Cation Capital Inc., according to people familiar with the matter. Preliminary results show Cation was unable to secure any seats on the board of the Calgary-based oil and gas producer, said the people, who asked not to be identified because the matter is private. The official tallies are expected to be announced at the company’s annual general meeting Friday in Calgary...

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    1-26 of 26
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