No one needs to hold a bake sale for Boeing CEO David Calhoun even though he gave up most of his salary and bonus money last year...
(Bloomberg) -- Airline executives and directors sold $49.9 million of stock in February, the most in three years, as industry shares posted a record rally fueled by a widening vaccination effort. The top individual sellers were at Allegiant Travel Co. and Southwest Airlines Co., two leisure-focused carriers that are among analyst picks to benefit from a rebound in vacation travel as the coronavirus pandemic eases...
The activist investors want to shake up the board of directors at Kohl's. Bruce Bennett/Getty Images Kohl’s stock got a boost from the company’s better-than-expected fiscal fourth- quarter earnings, but the activist investors clamoring for change at the department store weren’t pleased with the results...
TOKYO (AP) — The chief lawyer for Greg Kelly, an American on trial in Japan on charges of under-reporting Nissan former Chairman Carlos Ghosn’s compensation, says his client was merely trying to prevent Ghosn from going to a rival automaker. “Greg has no motive at all to commit such a crime,” Yoichi Kitamura said Friday at his Tokyo office. At the time, Kelly, then a Nissan executive vice president, was making good money, had a successful career and moreover, was a lawyer...
Exxon CEO Darren Woods told CNBC on Thursday the oil giant is committed to its dividend even though the company lost more than $20 billion in 2020 and as activist investors push for change...
Chipotle Mexican Grill said Thursday that executive compensation will now be linked to hitting targets tied to the company’s environmental and diversity goals...
S&P 500 companies that are more diverse and inclusive see better results and have lower risk, a new report by BofA Global Research says. Specifically, gender diversity on boards and among managers correlates with a higher return on equity (ROE)...
Activist investor Starboard Value LP has taken a stake in Elanco Animal Health Inc. and nominated three directors to the company's board, according to people familiar with the matter. Elanco, which makes vaccines and treatments for pets and livestock, has a market value of about $15 billion...
(Reuters) - Swedish activist investor Cevian Capital urged on Wednesday that companies should include Environmental, Social, and Governance (ESG) targets in their management compensation plans. Against a backdrop of growing public and political concerns about climate change and economic inequality, companies are under increasing pressure to show they are taking greater responsibility for how they generate their profits...
An activist investor in French food group Danone said Emmanuel Faber needs to be removed as chairman to allow the company to make a fresh start, rejecting a proposal from the board to hire a new chief executive...
Steven Collis led one of the nation’s largest drug distributors through the deadliest years of the opioid epidemic, when pain pills poured through its warehouses and into the hands of addicts...
“I think diversity in boards and diversity in senior leadership ... benefits decision-making and it’s something that I’m committed to at the SEC and the leadership there,” he said. “It’s a positive step forward in the leadership of the SEC that, if confirmed, I’m going to take on...
When Jeff Immelt was pushed out as CEO of General Electric in 2017, he didn't leave empty handed. If fact, he earned over $200 million in retirement pay on top of 35 years of big salaries plus bonuses, which amounted to $33 million in 2015 and $21.3 million in 2016, for instance. (Immelt also reportedly used two corporate jets when he would travel, according to a Wall Street Journal report...
President Joe Biden’s choice to head the Securities and Exchange Commission is coming before a Senate panel for his confirmation hearing, at a moment when a roiling stock-trading ...
(Bloomberg) -- Exxon Mobil Corp. shareholders should reject activist investor Engine No. 1’s proposals at the company’s annual meeting, the oil giant said Monday in a preliminary proxy filing. The company said shareholders should instead vote in favor of Exxon’s nominated directors, including Jeff Ubben, who was announced as a board member Monday...
Delta Air Lines, which received billions of dollars in federal aid last year, is paying managers bonuses ranging from a few thousand dollars to more than $100,000 to help make up for pay cuts at the start of the Covid pandemic last year...
By Chibuike Oguh (Reuters) - Blackstone Group Inc Chief Executive Stephen Schwarzman pocketed at least $610.5 million in 2020 from dividends and compensation, more than any other private equity executive and up 20% from last year despite the impact of the COVID-19 pandemic, regulatory filings showed. The majority of the windfall stemmed from Schwarzman's 19.3% stake in Blackstone...
Big U.S. companies are giving a more detailed picture of diversity in their ranks, with dozens of them publicly sharing gender or race breakdowns, many for the first time. Three-quarters of the workers at General Electric Co. were men. Half of senior executives at engine-maker Cummins Inc. were women. Chicken processor Tyson Foods Inc. said 25% of its U.S. workers were Black. At Chipotle Mexican Grill Inc., 38% of U.S. employees were Latinos...
PARIS (Reuters) - Shares in Danone’s, which is expected to hold a board meeting on Monday amid shareholder pressure to improve governance and boost returns, rose 2% after it announced plans to sell its stake in Chinese dairy firm Mengniu...
Sweden is usually considered a pioneer in sex equality. It turns out its corporations have become a bit complacent of late, and are starting to fall behind on a key metric...
Top financial regulator to push listed companies to strengthen boards with more independent directors...
Nasdaq recently submitted a proposal to the U.S. Securities and Exchange Commission focused on diversity of the boards of companies listed on our U.S. exchange. Our proposal establishes a recommended objective for companies to include at least two board members from diverse backgrounds. We asked that each company disclose anonymous aggregate data—self-disclosed by the directors—regarding their gender identity, race, ethnicity and sexual orientation...
WILMINGTON, Del (Reuters) - A Delaware judge on Friday struck down Williams Cos’ “poison pill” that the energy company adopted early last year as a defense against a possible takeover in the wake of a sharp drop in oil prices...
As You Sow today released its seventh annual The 100 Most Overpaid CEOs: Are Fund Managers Asleep at the Wheel? report, focusing on how pension and financial fund managers hold companies accountable for excessive compensation...