1. Articles in category: BoardNews

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    1. California Governor Threatens to Block PG&E Bankruptcy Exit

      California Governor Threatens to Block PG&E Bankruptcy Exit

      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...

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      Mentions: bankruptcy PG&E
    2. LAX Chief to Step Down Following Scrutiny Over Side Job on Corporate Board

      LAX Chief to Step Down Following Scrutiny Over Side Job on Corporate Board

      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...

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    3. WeWork Just Restructured its Compensation Plan Under New ex-Goldman Head of People

      WeWork Just Restructured its Compensation Plan Under New ex-Goldman Head of People
      • WeWork is changing its employee compensation, per an email sent to staff Thursday by its new head of people that Business Insider obtained.
      • The package includes base salary, an annual cash bonus, and annual equity grants. Previously, employees had equity but not through an annual grant system.
      • WeWork plans to hire more next year, and the package is intended to both attract new talent and retain existing employees after a tumultuous fall...
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    4. Sarah A. Bany Steps Down from Columbia Sportswear Company's Board of Directors

      Sarah A. Bany Steps Down from Columbia Sportswear Company's Board of Directors

      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...

       

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    5. Rolls-Royce’s Biggest Shareholder Leaves Board

      Rolls-Royce’s Biggest Shareholder Leaves Board

      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...

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    6. Alphabet’s New Boss Means $2 Billion for Departing Founders

      Alphabet’s New Boss Means $2 Billion for Departing Founders

      (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...

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    7. Dodd-Frank Whistleblower Claims are Arbitrable, Second Circuit Holds

      Dodd-Frank Whistleblower Claims are Arbitrable, Second Circuit Holds

      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...

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    8. Wynn Resorts Reaches $41M Settlement on Shareholder Lawsuits

      Wynn Resorts Reaches $41M Settlement on Shareholder Lawsuits

      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...

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