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    1. Disney's Video Streaming Plans Mean Twitter's Jack Dorsey and Facebook's Sheryl Sandberg Have to Leave its Board

      Disney's Video Streaming Plans Mean Twitter's Jack Dorsey and Facebook's Sheryl Sandberg Have to Leave its Board

      The CEO of Twitter and COO of Facebook are leaving Disney's board due to conflicts of interest, as Disney gears up to launch a digital streaming service to rival Netflix.

      On Friday, the entertainment giant announced that chief operating officer Sheryl Sandberg and chief exec Jack Dorsey will not not be seeking re-election to its board...

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      Mentions: CEO Starbucks Twitter
    2. Viacom Surges After Reports it's in Talks to Merge with CBS

      Viacom Surges After Reports it's in Talks to Merge with CBS

       

      • Shares of media conglomerate Viacom spiked as much as 12% just before the closing bell Friday after TheWrap reported it was in talks to merge with CBS. The stock closed up 7%.
      • The news website said CBS chairman Les Moonves is now open to the consolidation, reversing his previous stance, citing three individuals with knowledge of the talks.
      • Viacom was formed in 2005 out of a split from the previous iteration of the company, with the predecessor re-branded as the CBS Corporation...
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      Mentions: Chairman
    3. Aflac Plummets After Allegations that the Company Deceived Shareholders

      Aflac Plummets After Allegations that the Company Deceived Shareholders
      • Shares of Aflac plummeted on Friday after the company was alleged to have "exploited workers, manipulated its accounting, and deceived shareholders and customers."
      • Aflac's shares were down 7.84% to $84.50 a share on Friday.
      • The investigative news site The Intercept first broke the news, interviewing nine former employees who have sued the company over the claims.
      • Aflac released a statement calling the allegations false...
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      Mentions: Aflac Chairman
    4. Wells Fargo Still Can’t Quite Seem to Fix Its Wagon

      Wells Fargo Still Can’t Quite Seem to Fix Its Wagon

      Waiting for another sign that Wells Fargo & Co. has turned a corner? Its fourth-quarter earnings, released Friday, provided differing levels of validation for investors who had sent the stock flying to a record earlier this week.

      For the first time since the GOP tax bill was passed last month, Wells Fargo detailed its impact...

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    5. Robert Jackson and Hester Peirce Sworn In as SEC Commissioners

      Robert Jackson and Hester Peirce Sworn In as SEC Commissioners

      Washington D.C.-- Robert J. Jackson Jr. and Hester M. Peirce were sworn into office as SEC Commissioners this morning by SEC Chairman Jay Clayton.

      Mr. Jackson and Ms. Peirce were nominated to the SEC by President Donald Trump, and their nominations were confirmed by the U.S. Senate on Dec. 21. Both new commissioners participated in today’s inaugural meeting of the SEC’s Fixed Income Market Structure Advisory Committee...

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    6. New York & Company, Inc. Announces Addition of New Independent Director Miki Racine ...

      New York & Company, Inc. Announces Addition of New Independent Director Miki Racine ...

      NEW YORK--(BUSINESS WIRE)--New York & Company, Inc. [NYSE:NWY], a specialty apparel chain with 459 retail stores, announced the appointment of Miki Racine Berardelli as an independent director to its Board of Directors , effective January 3, 2018. Ms. Berardelli brings to the Company's Board ...

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    7. Walmart is Giving its Workers a Huge Pay Raise and a Cash Bonus of up to $1,000

      Walmart is Giving its Workers a Huge Pay Raise and a Cash Bonus of up to $1,000

      Walmart is raising hourly pay from $9 to $11 as a result of recent tax law changes.

      • It's also offering employees a one-time cash bonus of up to $1,000, expanded maternity and parental leave benefits, and assistance with adoption expenses.
      • The changes will impact more than one million Walmart employees in the US.

      Walmart is raising starting wages for hourly employees to $11 and offering a one-time cash bonus of up to $1,000, the company said Thursday...

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      Mentions: CEO Walmart Pay Raise
    8. BoardProspects Member Terri Bettinger Appointed to Board of First Defiance Financial Corp. (NASDAQ: FDEF)

      BoardProspects Member Terri Bettinger Appointed to Board of First Defiance Financial Corp. (NASDAQ: FDEF)

      BoardProspects would like to congratulate Member Terri Bettinger on her recent appointment to the Board of Directors of First Defiance Financial Corp. (NASDAQ: FDEF).  First Defiance Financial Corp. (NASDAQ:FDEF), headquartered in Defiance, Ohio, is the holding company for First Federal Bank of the Midwest, First Insurance Group and Corporate One Benefits. First Federal Bank operates 42 full-service branches and numerous ATM locations in northwest and central Ohio, southeast Michigan and northeast Indiana and a loan production office in Ann Arbor, Michigan. 

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    9. Valeant CEO Papa says Drugmaker has 'Turnaround Opportunity of a Lifetime'

      Valeant CEO Papa says Drugmaker has 'Turnaround Opportunity of a Lifetime'

      (Bloomberg) -- Valeant Pharmaceuticals International Inc. became a household name with its historic rise and fall. Reviving the drugmaker is proving a unique challenge. “This is a turnaround opportunity of a lifetime,” Chief Executive Officer Joseph Papa, who took over in May 2016, said during a presentation Wednesday at the J.P. Morgan Healthcare Conference in San Francisco...

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    10. AutoNation CEO Mike Jackson appointed chairman of Federal Reserve in Atlanta

      AutoNation CEO Mike Jackson appointed chairman of Federal Reserve in Atlanta

      He previously served on the board of directors of the Federal Reserve Bank of Atlanta's Miami Branch, and he led the branch's board in 2013. Additionally, Myron A. Gray, president of U.S. operations of United Parcel Service in Atlanta, was appointed as deputy chairman of the Federal Reserve Bank of ...

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    11. The first female big pharma CEO had the perfect response to a question about women in leadership

      The first female big pharma CEO had the perfect response to a question about women in leadership

      GlaxoSmithKline CEO Emma Walmsley made history in 2017, when she became the first woman to head up a major pharmaceutical company. 

      In her first company presentation at an industry conference as the CEO of GSK, Walmsley was asked about female leadership in the pharmaceutical industry. She responded not by talking about gender, but by running through how she thinks about her responsibilities as CEO. 

       

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    12. Qualcomm Creates Severance Plan for Workers Should Broadcom's Hostile Takeover Succeed

      Qualcomm Creates Severance Plan for Workers Should Broadcom's Hostile Takeover Succeed

      A Broadcom spokesman said the company continues to hope Qualcomm's board would engage in merger talks but declined further comment. A Qualcomm ... The new severance plan defines change of control to include a replacement of a majority of Qualcomm's current board of directors . Broadcom ...

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    13. Sustainability & Disclosure: New demands on corporate boards

      Sustainability & Disclosure: New demands on corporate boards

      It’s a new era of environmental, social and governance (ESG) disclosure and directors need to take notice.

      Many investors are voicing concerns about the limited nonfinancial disclosure in companies’ annual reports and proxy disclosures, even for areas like material climate-related risks that have been the subject of Securities & Exchange Commission (SEC) guidance. And although most public companies produce sustainability reports for consumers and other corporate stakeholders, these reports often lack the quality, reliability and comparability investors need for financial analysis.

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    14. Some Thoughts for Boards of Directors in 2018

      Some Thoughts for Boards of Directors in 2018

      As 2017 draws to a conclusion and we reflect on the evolution of corporate governance since the turn of the millennium, a recurring question percolating in boardrooms and among shareholders and other stakeholders, academics and politicians is: what’s next on the horizon for corporate governance? In many respects, we seem to have reached a point of relative stasis. The governance and takeover defense profiles of U.S. public companies have been transformed by the widespread adoption of virtually all of the “best practices” advocated to enhance the rights of shareholders and weaken takeover defenses.

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    15. Global and Regional Trends in Corporate Governance for 2018

      Global and Regional Trends in Corporate Governance for 2018

      At the end of each year, Russell Reynolds Associates interviews over 30 institutional and activist investors, pension fund managers, public company directors, proxy advisors, and other corporate governance professionals in five key markets regarding the trends and challenges that public company boards will face in the following year.

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