Democrat Gavin Newsom says changes needed before he will sign off on embattled utility’s proposed plan to exit chapter 11 California Gov. Gavin Newsom is demanding changes to PG&E Corp.’s plan to pay wildfire victims and exit bankruptcy, saying the company’s current proposal “falls woefully short” of a law outlining requirements that would allow the utility to receive state assistance...
NBCUniversal Chief Executive Steve Burke is planning to step down next year, accelerating an internal race to succeed him, according to two people familiar with the matter who were not authorized to comment...
SandRidge Energy Inc., the oil and natural gas producer pushed by activist investor Carl Icahn to pursue a sale last year, said Chief Executive Officer Paul McKinney will resign as the company evaluates its 2020 spending plan...
The chief of Los Angeles World Airports will step down at the end of this month following questions from The Times about whether she received proper approval to accept a paid board position at an outside company. In what could amount to a violation of city ethics rules, Deborah Flint accepted a board of director job with Honeywell International without getting formal approval, records show...
Activist investor Starboard Value LP has privately nominated a majority slate of directors at Mednax Inc. and is pushing the healthcare-services company to sell all or part of itself, according to people familiar with the matter...
Carmaker does not intend to ‘dispute the alleged facts’ or amount of the penalty...
PORTLAND, Ore.--(BUSINESS WIRE)-- Columbia Sportswear Company (Nasdaq:COLM, the “Company”), a leading innovator in active outdoor apparel, footwear, accessories, and equipment, today announced that Sarah A. Bany, a longtime director of the Company, notified the Board of Directors of the Company (the “Board”) on December 9, 2019 of her decision to resign from the Board, effective immediately, in order to focus on administering Gert Boyle’s estate...
Bradley Singer, the chief operating officer of the activist investor, stepped down on 9 December, after four years of joining Rolls-Royce board as non-executive director. “Since I joined the Board nearly four years ago, Rolls-Royce has undertaken many significant initiatives and faced challenges head-on,” Singer said. Rolls-Royce is now put back on “on a solid path forward,” Singer added...
Public interest groups on Monday called for an investigation into a number of comment letters that were sent to the SEC in support of proxy rule changes that the commission proposed last month over the objections of investor advocates...
Blackwells Capital LLC, an alternative investment management firm, calls on Colony Credit Real Estate (NYSE:CLNC) to replace its Colony Capital-provided investment team rather than "internalize" it as proposed by Colony Capital Chairman and CEO Tom Barrack...
Gabriel de Alba, Managing Director and Partner of Catalyst, said, "ISS has clearly called out the HBC Board and the insider group, led by Executive ...
Online travel agency Expedia (EXPE) announced the exit of two of its top executives Wednesday in the latest high-profile C-suite reorganization of 2019...
United Airlines CEO Oscar Munoz will step down from his position and become executive chairman next year, the company announced Thursday...
Microsoft's shareholders have defeated two proposals by activist investors calling for the company to add a rank-and-file employee on its board of directors and report on gender disparities in company salaries...
(Bloomberg) -- Larry Page and Sergey Brin just got a $2 billion retirement gift from investors. The Google co-founders, who announced on Tuesday they were stepping down from day-to-day management of parent Alphabet Inc., added about $1 billion each to their net worth as of 10:15 a.m. in New York, after the firm’s shares rose 1.8%. They each own about 6% of the internet giant and still control Alphabet through special voting shares...
(Reuters) - Activist investor Carl Icahn on Wednesday urged HP Inc's shareholders, who agree with the merger with Xerox Holdings Corp, to reach out to the personal computer maker's directors for immediate action...
(Reuters) - Activist fund Crystal Amber more than doubled its stake in De La Rue Plc, days after the banknote and printer warned of "significant doubt" that it can continue as a going concern and said it would scrap its dividend to tackle mounting debt...
NEW YORK--(BUSINESS WIRE)--. Asks Boards to Act in Accordance with BlackRock's Publicly Stated Corporate Governance Principles and Fiduciary ...
Calls for the Company to Review All Strategic Alternatives, Including A Sale Believes that the Shares are Worth a Significant Premium versus the Current Market Price Does Not Believe that any Plan by Management to Continue to Operate Independently Would Exceed the Value Attainable from a Sale Transaction Questions why e.l.f...
In a win for employers, the Second Circuit Court of Appeals recently held that whistleblower claims under the Dodd-Frank Act are arbitrable. Daly v. Citigroup Inc. , 939 F.3d 415 (2d Cir. 2019). The Second Circuit also held that a plaintiff’s failure to exhaust administrative remedies related to a Sarbanes-Oxley Act claim serves as a jurisdictional bar, warranting dismissal of the claim...
Mattel’s board should all be fired and the firm should open its books to the SEC and the U.S. Attorney’s office, amid claims it’s become a criminal organization...
Barclays set to cut the £396,000 pension allowance it pays its CEO Jes Staley Barclays is planning to cut the £396,000 pension allowance it pays chief executive Jes Staley by around half. The move echoes measures by rivals who have pledged to rein in executive pension perks following a campaign by investors...
Wynn Resorts Ltd. has $41 million coming its way from a lawsuit settlement related to allegations against former chairman and CEO Steve Wynn. Shareholders began filing lawsuits against the company and its board of directors after the allegations of Steve Wynn’s sexual misconduct emerged in early 2018, claiming they devalued the company’s stock...