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    1. Telecom Italia Is Said Ready to Name Luigi Gubitosi as CEO

      Telecom Italia Is Said Ready to Name Luigi Gubitosi as CEO

      (Bloomberg) -- Telecom Italia SpA is set to name former Merrill Lynch banker Luigi Gubitosi as its new chief executive officer after Amos Genish was ousted this week by allies of an activist shareholder, according to people familiar with the matter. The 10 directors who are backed by Elliott Management Corp. agreed on Gubitosi during a conference call they held Saturday, the people said, asking not to be named since the discussions are confidential...

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    2. Barclays Faces Expulsion From European Blue-Chip Index on Brexit Bloomberg

      Barclays Faces Expulsion From European Blue-Chip Index on Brexit Bloomberg

      (Bloomberg) -- The steepest annual decline in Barclays Plc’s shares in seven years is putting the British bank in danger of losing its coveted place in the Stoxx Europe 50 index. The lender, which has come under pressure from an activist investor to shrink its trading business, has lost about 17 percent of its market value this year as Brexit-related fears weigh on U.K. banks...

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    3. Dell Is Near Deal to Win Support of Tracking Stock Holders -

      Dell Is Near Deal to Win Support of Tracking Stock Holders -

      (Bloomberg) -- Dell Technologies Inc. is close to agreeing a deal with some of the top shareholders of its tracking stock that would guarantee their support for the company’s plan to return to the public markets, according to people familiar with the matter. The improved terms under deliberation would include an increased cash component and could value the tracking stock, known as DVMT, at about $120 to $130 per share, said the people, who asked not to be identified as the details aren’t public...

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    4. Ousted Telecom Italia CEO Says He Was Misled by ‘Dysfunctional’ Board

      Ousted Telecom Italia CEO Says He Was Misled by ‘Dysfunctional’ Board

      (Bloomberg) -- Amos Genish says he was duped. Sent on a business trip to Asia over the weekend, the Telecom Italia SpA chief executive officer learned on a hastily summoned conference call in the early hours of Tuesday in Europe that he was out of his job. Genish was canned by a board stacked with representatives from Elliott Management Corp., the activist investor that had become increasingly weary of the former army captain turned executive...

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    5. Telecom Italia CEO Ousted in Surprise Dawn Coup by Elliott Board -

      Telecom Italia CEO Ousted in Surprise Dawn Coup by Elliott Board -

      (Bloomberg) -- The sun had yet to rise over Milan when Telecom Italia SpA’s board gathered for a conference call Tuesday morning. Dialing in thousands of miles away was Chief Executive Officer Amos Genish, who had spent the last few days in South Korea and China for business. By the time the meeting wrapped up just before 9 a.m., he was out of his job. Genish was voted out by the board members representing activist investor Elliott Management Corp., who make up 10 of the 15 directors...

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    6. Who Is Telecom Italia's CEO and Why Is His Job On the Line?

      Who Is Telecom Italia's CEO and Why Is His Job On the Line?

      (Bloomberg) -- Telecom Italia SpA Chief Executive Officer Amos Genish has held onto his job even as the stock lost a third of its value since his appointment last year. Then last week the former phone monopoly shocked investors with a $2.3 billion writedown and scrapped a key debt-reduction target. Talk of Genish’s imminent downfall has surfaced repeatedly since his main backer Vivendi SA lost control of the board to activist investor Elliott Management Corp. and its allies in May...

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      Mentions: Telecom Italia
    7. All-Male Boards at Top U.K. Firms Come Closer to Extinction

      All-Male Boards at Top U.K. Firms Come Closer to Extinction

      (Bloomberg) -- All-male boards at the U.K.’s biggest companies are nearing extinction, a sign that government efforts to increase gender parity are paying off. Just five companies in the FTSE 350 Index have no women at the top table, down from eight in 2017, according to data from the annual Hampton-Alexander Review that will be released in full Tuesday. The number has fallen dramatically since 2011 when 152 boards were men-only...

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    8. Activist Blue Harbour Discloses New Stake in Jack in the Box

      Activist Blue Harbour Discloses New Stake in Jack in the Box

      (Bloomberg) -- Activist investor Blue Harbour Group disclosed a new stake in restaurant chain Jack in the Box Inc. and may push for changes at the company. Greenwich, Connecticut-based Blue Harbour owns a 6.8 percent stake in the fast-food company and believes it is undervalued, according to a regulatory filing. The investor thinks Jack in the Box made the right decision to sell Qdoba Restaurant Corp. and divest a majority of its remaining company-owned units...

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      Mentions: stake Bloomberg Jana
    9. Symantec CEO Weighs in on Takeover Talk, Starboard

      Symantec CEO Weighs in on Takeover Talk, Starboard

      (Bloomberg) -- Symantec Corp.’s shares have slumped this year amid an internal accounting investigation and waning consumer interest in antivirus software for personal computers. Activist investor Starboard Value LP secured three board seats in a deal with the Mountain View, California-based company in September. Last week, the stock surged after a report that private equity firm Thoma Bravo had approached the cybersecurity company about a potential takeover...

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    10. Barclays Raider Bramson Lobbying Non-Executive Directors

      Barclays Raider Bramson Lobbying Non-Executive Directors

      (Bloomberg) -- Barclays Plc’s activist investor Edward Bramson is stepping up a campaign to shrink the trading business by drumming up support among the British lender’s non-executive directors, according to a person familiar with the matter. Bramson, who has also been courting fellow shareholders in California, New York and London in recent weeks, has told some that he has the firepower to increase his stake of about 5 percent, the person said...

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    11. P&G to Reorganize Structure in Move That Might Make Nelson Peltz Proud

      P&G to Reorganize Structure in Move That Might Make Nelson Peltz Proud

      (Bloomberg) -- Procter & Gamble Co. said Thursday it will simplify its corporate structure, a move likely to please activist investor and board member Nelson Peltz, who spent much of last year agitating for a reorganization to goose innovation and recapture sales. Key Insights The plan, announced at an investor day in Cincinnati, includes cost savings, better packaging and consumer communication, and a restructuring into six industry-based business units from 10...

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    12. Some Directors Forget How Many Boards They Sit On in Hong Kong

      Some Directors Forget How Many Boards They Sit On in Hong Kong

      (Bloomberg) -- Hong Kong legislator Abraham Shek sits on so many corporate boards that he sometimes can’t keep track of the exact number. Shek in an interview said he’s on "15 or 16 myself" and rejected any suggestion that this could leave him over-extended. “Some people are very efficient in reading documents,” he said...

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    13. Shell, Total Are Big Oil Standouts as Investors Can Track Carbon

      Shell, Total Are Big Oil Standouts as Investors Can Track Carbon

      (Bloomberg) -- Royal Dutch Shell Plc and Total SA are the only companies among the 10 biggest oil and gas producers in the world which disclose how their carbon emissions will decline over time, according to the first analysis of its kind by managers overseeing more than $9 trillion of funds. The Anglo-Dutch and French majors are the only companies among Big Oil to have set long-term plans to significantly reduce their carbon intensity -- or the level of emissions per unit of energy produced...

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    14. Dell Contacts DVMT Investors to Discuss Terms of Deal

      Dell Contacts DVMT Investors to Discuss Terms of Deal

      (Bloomberg) -- Dell Technologies Inc. has reached out to investors to determine what it would take to win their support for its plans to return to the public markets, a person familiar with the matter said. Shareholders, including activist investor Carl Icahn, have balked at the terms of Dell’s proposed deal to take the technology giant public through a $21.7 billion deal involving a tracking stock...

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    15. Takeda Pushes Back as Group Seeks to Stop $62 Billion Shire Deal

      Takeda Pushes Back as Group Seeks to Stop $62 Billion Shire Deal

      (Bloomberg) -- Takeda Pharmaceutical Co. Chief Executive Officer Christophe Weber pushed back against dissident shareholders seeking to stop the Japanese drugmaker’s acquisition of Shire Plc, saying he won’t release minutes of boardroom discussions. A group including members of Takeda’s founding family opposes the planned $62 billion acquisition of the U.K.-listed biotech firm, which would rank as the biggest overseas takeover by a Japanese company...

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    16. BlackRock Is Sick of Excuses for Corporate Boards Lacking Women

      BlackRock Is Sick of Excuses for Corporate Boards Lacking Women

      (Bloomberg) -- BlackRock Inc. isn’t buying excuses from companies that say they can’t find women to fill diverse slots on boards. The world’s biggest asset manager earlier this year sent letters to companies in the Russell 1000 index with fewer than two women on their boards, asking them to explain their lack of progress. Some of the responses were surprising, said Michelle Edkins, the firm’s global head of stewardship...

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    17. Dan Loeb's Third Point Funds Slump in October as Markets Tumble

      Dan Loeb's Third Point Funds Slump in October as Markets Tumble

      (Bloomberg) -- Dan Loeb’s Third Point posted losses in its funds last month, joining an array of firms that struggled in October’s market rout. The Third Point Offshore Fund dropped 6.9 percent last month, bringing its loss this year to 6.3 percent, according to an investor letter seen by Bloomberg News. The firm’s Third Point Partners LP fund also fell by a similar magnitude, bringing its loss for the year to 5.9 percent...

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    18. Ashland Investor Nominates Four to Chemical Maker's Board -

      Ashland Investor Nominates Four to Chemical Maker's Board -

      (Bloomberg) -- Activist investor Cruiser Capital Advisors is nominating four directors to the board of Ashland Global Holdings Inc. to oversee its shift to a pure-play chemical company. The New York-based investment firm, which holds 2.3 percent of Ashland’s shares, said the nominees would be in a position to help the company address challenges including growing the business, cutting costs and addressing capital allocation and merger and acquisitions needs...

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    19. Barclays Trading Surge Shores Up CEO Staley in Activist Tussle

      Barclays Trading Surge Shores Up CEO Staley in Activist Tussle

      (Bloomberg) -- Barclays Plc’s Jes Staley has a stronger case to fend off the British lender’s activist shareholder after another positive set of results at its investment bank. The securities unit, the division at the center of Staley’s growth plan, saw fixed income, currency and commodities income substantially outperform U.S. peers in the third quarter, rising almost 10 percent...

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    20. Lululemon Founder Chip Wilson Considers Retaking Board Seat as Feud Simmers

      Lululemon Founder Chip Wilson Considers Retaking Board Seat as Feud Simmers

      If you want to score a meeting with Chip Wilson, you better be prepared to sweat. The founder of Lululemon Athletica Inc. likes to start his days hiking a 2.9 kilometre (1.8 mile) trail up the face of Vancouver’s Grouse Mountain. It’s his preferred way to conduct meetings and he’s sometimes accompanied by as many as 20 people seeking advice, funding or just a workout...

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    21. Goldman Urges Do-Over by Trump Regulators in Easing Volcker Rule

      Goldman Urges Do-Over by Trump Regulators in Easing Volcker Rule

      (Bloomberg) -- Goldman Sachs Group Inc. has been brawling with regulators over the Volcker Rule for years. And it’s still fighting even though officials appointed by President Donald Trump are now working to soften the landmark constraint on banks. Goldman said a revamp that regulators proposed earlier this year falls far short of what’s needed to ease undue burdens on Wall Street...

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    22. It's Too Soon to Say P&G Turned the Tide

      It's Too Soon to Say P&G Turned the Tide

      (Bloomberg Opinion) -- Procter & Gamble Co.'s 2019 outlook is starting to look more attainable. The company behind brands such as Pampers diapers and Dawn dish soap reported Friday that organic sales — a figure that excludes M&A and currency effects — rose a robust 4 percent in the first quarter over a year earlier. That made for P&G's strongest growth on this measure in five years...

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    1-24 of 66 1 2 3 »
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