The remaining three are backed by the board. Any proposal not backed by FedEx's board of directors faces an uphill battle. FedEx's 15 largest ...
Former McDonald’s Corp. Chief Executive Steve Easterbrook said in a court filing Friday that he complied with all the terms of his separation agreement with the fast-food company and it shouldn’t be allowed to claw back his multimillion-dollar severance package...
TOKYO (Reuters) - Japan’s Toshiba Corp on Friday said more than 1,000 postal voting forms for its shareholder meeting went uncounted, and the bank that counted the votes, which carries out a similar job for almost a thousand listed companies, said the oversight may not have been limited to Toshiba...
Total executive pay at the airline for the year ended June dropped 69%, the company said...
After 7 years of compiling executive pay numbers, we at FiercePharma have learned a bit about the pharma compensation landscape. Rules to research by, let's call them. The first and biggest: Sales figures don't matter. The world's biggest drug companies by revenue don't all hand out pay packages of at least $18.6 million, which is the threshold for this year's top-paid CEOs list. A collection of Big Pharma chiefs stay off that list year after year...
Three years ago, Michael Corbat strode onto the stage of a ballroom in midtown Manhattan and proclaimed that a new day had arrived at Citigroup....
Last month CtW Investment Group urged Fresenius Medical Care AG to add diverse directors to its board. The group determined the German company lacked diversity by studying photos of directors and reviewing their backgrounds online to determine their race....
Premiums were already rising because of an increase in class actions when coronavirus struck...
Greg Kelly, the former Nissan Motor Co. executive charged with helping hide Carlos Ghosn’s compensation as Nissan chief, pleaded not guilty Tuesday at the opening of his trial in Tokyo...
Vanguard Group Inc said it voted against the pay of Alphabet Inc executives, including new CEO Sundar Pichai, one of several examples of proxy voting the top mutual fund firm gave in a report to be released on Tuesday as it names a new stewardship chief...
Daniel Loeb is known as a sharp-tongued investor who buys stakes in companies and then shakes them up. But the pandemic caught him flat-footed and he has changed tack...
The art and science behind building the best-possible board of directors is under the microscope at this year's Corporate Governance Conference (CGC) of The Hong Kong Institute of Chartered Secretaries to be held online on Friday 25 September 2020...
ByteDance has reached a preliminary "technical partnership" with Oracle to manage TikTok's US operations, a decision that comes as a deadline for a ban of the popular app draws near. Earlier on Sunday, ByteDance rejected Microsoft's offer to take over the US operations of its short-video app, leaving Oracle the sole bidder...
Gilead Sciences Inc. will pay $21 billion to buy biotech Immunomedics Inc. and its prized breast-cancer drug, the company said Sunday, a sign of the value of the cancer-drugs business. Immunomedics has a market value of roughly $10 billion following a recent surge in its stock, meaning that Gilead is paying up to secure ownership of the company. Gilead agreed to pay $88 a share in cash for Immunomedics, whose shares closed at $42.25 Friday. That represents a 108% premium...
For Apple investors, the most exciting product the company could release this fall isn’t a new version of the iPhone or Apple Watch: It’s a bundle that tie some of the company’s subscription services together and give users with a discount for subscribing to more than one at the same time...
The ex-board of Redbox and Coinstar operator Outerwall Inc. doesn’t have to face claims that it rushed into a $1.6 billion take-private buyout by Apollo Global Management LLC over conflicts of interest caused by pressure from an activist investor, a Delaware judge ruled Friday...
Bridgewater Associates’ director of investment research, Karen Karniol-Tambour, on Thursday denied a report that she had claimed gender discrimination in conversations about her pay with the hedge fund’s management...
Alecta, a Swedish pension fund with about $110 billion under management, wants to take active investing to a new level to force the companies it owns to be more ethical. Carina Silberg, who runs a newly merged corporate governance and sustainability unit at Alecta, says her team is bringing in reams of data to figure out exactly what portfolio companies are doing when it comes to environmental, social and governance standards...
Activist investor Starboard Value LP introduced its new affiliated blank-check company to the public markets Thursday, upsizing it to raising $360 million from an earlier target of $300 million...
Activist investor Elliott Management Corp. has bought a stake in Noble Energy Inc. in a reported bid to push the oil and gas explorer to abandon its plans to sell itself to Chevron Corp. Elliot Management, a New York-based hedge fund run by billionaire Paul Singer, believes the Chevron deal undervalues Noble Energy, Bloomberg reported on September 9, citing people familiar with the matter...
Citi announced Thursday it will appoint Jane Fraser, the bank’s current president, as CEO, marking the first time a major Wall Street bank will be led by a woman. Citi said it also appointed Fraser to its board, effective immediately...
