(Reuters) - An activist investor who tried to take control of the board at online appliance retailer 1847 Goedeker Inc a few months ago made a rare public apology for having ignored a settlement agreement that he and the company had reached...
LEWISVILLE, Texas--(BUSINESS WIRE)--JCPenney announced today the appointment of Marc Rosen as chief executive officer, effective Nov. 1, 2021. Stanley Shashoua, Simon’s chief investment officer, has been appointed as executive chairman of the Board of Directors after serving as interim CEO of JCPenney since January...
HOUSTON, October 25, 2021--(BUSINESS WIRE)--Bradley L. Radoff, who together with his affiliates holds approximately 7.5% of the outstanding common shares of Enzo Biochem, Inc. (NYSE: ENZ) ("Enzo" or the "Company"), today issued the following open letter to the independent members of the Company’s Board of Directors...
PayPal Holdings Inc. PYPL 4.09% backed off a takeover of social-media company Pinterest Inc. PINS -11.58% after shareholders reacted negatively to what would have been a multibillion-dollar bet on e-commerce...
An activist investor in Just Eat Takeaway has called on the fast food delivery operator to offload its US business Grubhub.In a letter to Just Eat bosses, Cat Rock Capital has urged the FTSE 100 business to sell or spin off Grubhub by the end of the year.In response, Just Eat told the stock market that it believed it was the “right strategy” to retain Grubhub as part of the business.The move comes just four months after Just Eat completed its purchase of Grubhub in a deal worth around £5.8 billion.A deeply depressed stock price ...
(Bloomberg) -- Billionaire Carl Icahn is calling on Southwest Gas Holdings Inc. to first offer shares to existing shareholders, including himself, if it pushes ahead with selling up to $1 billion in equity and equity-linked securities to help finance its takeover of pipeline company Questar...
When her phone buzzed on June 6, Iole Lucchese was still absorbing a shock that had come the day before. Her longtime boss, M. Richard Robinson Jr., the chairman and chief executive of the Scholastic publishing company, had died suddenly while taking a walk with one of his sons and his former wife on Martha’s Vineyard...
Samsung heir Lee Jae-yong is being watched closely over how he will steer the nation's largest conglomerate on the first anniversary of the death of his father and the business group's late chairman, Lee Kun-hee...
Edward Rogers, the chair of the family trust that controls Rogers Communications Inc. RCI-B-T -0.28%decrease and a director at RCI, has called a board meeting for Sunday, but the company says in a statement that the meeting is “invalid....
WASHINGTON, Oct 22 (Reuters) - The new Democratic leadership of the U.S. securities watchdog has a message for Corporate America's highly paid executives: if your company screws up, your pay is at risk. Clawing back compensation is shaping up to be a key part of the U.S. Securities and Exchange Commission's (SEC) agenda as it cracks down on corporate misconduct, raising the stakes for thousands of executives who could potentially lose millions of dollars in bonuses and stock sale profits...
Activist investor Starboard Value disclosed a new position in Willis Towers Watson Plc Thursday, and said it believes the insurance broker could nearly double its share price in the next three years...
(Reuters) - The board of Rogers Communications Inc (RCIb.TO) voted to remove Edward Rogers as chairman, the company said on Thursday, amid a tussle between the family members of late founder Ted Rogers over who should lead one of Canada's biggest telecoms companies...
TOKYO -- Carlos Ghosn, the former auto industry superstar whose career screeched to a halt with his arrest three years ago, isn't about to settle into quiet retirement...
TOKYO, Oct 21 (Reuters) - The fate of future hostile takeover bids in Japan could rest on an upcoming court ruling that will decide whether the country's top maker of newspaper printing presses can move forward with a poison pill against an unwelcome shareholder...
Oct 21 (Reuters) - Velodyne Lidar's (VLDR.O) founder and biggest shareholder on Thursday warned that he plans to nominate two directors to the board next year amid frustration with the sensor supplier's falling stock price, high executive pay, and the board's failure to focus more on new research...
SYDNEY, Oct 21 (Reuters) - Shareholders of Australia's Crown Resorts Ltd (CWN.AX) voted against the casino company's executive pay plans for a second straight year at its annual meeting on Thursday, but turned down a follow-up option to oust its entire board. The voting outcome reflects the precarious situation of the company , 37% owned by billionaire James Packer...
(Bloomberg) -- Activist investor Carl Icahn is ratcheting up the pressure on Southwest Gas Holdings Inc., calling on the utility company to sell its Centuri Group construction business and repeating calls to abandon its recent pipeline deal...
(Reuters) - Exxon Mobil Corp board is debating whether to continue with several major oil and gas projects amid a global push from investors for fossil fuel companies to be more cost-conscious and green-energy friendly, WSJ reported on Wednesday. Activist investor Engine No. 1 in May shocked the oil-and-gas industry when three of its four nominees were elected to the board by Exxon shareholders, who were frustrated by weak returns and the company’s flagging attention to climate concerns...
BowX says deal is expected to provide the shared-workspace company with cash proceeds of about $1.3 billion...
Company has faced calls for CEO's resignation from activist shareholder TCI Fund Management...
(Reuters) - A shareholder on Tuesday will urge a California judge to block a law requiring publicly held companies headquartered in the state to have a minimum number of women on their boards...
Shares of Macy’s climbed 17.5% on Monday thanks to optimism around an activist investor who is reportedly pushing the retailer to spin off its growing online business--much like Saks Fifth Avenue, which is looking to IPO its e-commerce unit at a $6 billion valuation...
HOUSTON--(BUSINESS WIRE)--Bradley L. Radoff, who together with his affiliates holds approximately 7.2% of the outstanding common shares of Enzo Biochem, Inc. (NYSE: ENZ) ("Enzo" or the "Company"), today issued the following open letter...
