1. Articles in category: BoardNews

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    1. The CMO of $30 Billion Financial Giant State Street Says to be Successful, You Have to be the CEO of Your Own Brand

      The CMO of $30 Billion Financial Giant State Street Says to be Successful, You Have to be the CEO of Your Own Brand
      • In the eyes of the world "Fearless Girl" — the bronze statue of a defiant girl in front of the Wall Street bull — is the biggest marketing coup in recent history. Not for Hannah Grove.
      • In this interview with Business Insider CEO Henry Blodget, the State Street CMO talks about how Fearless Girl represents a call for greater governance and stewardship by women...
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    2. Britain's CEO Pay Climbs 11% in One Year — as Working Wages Flatline

      Britain's CEO Pay Climbs 11% in One Year — as Working Wages Flatline

      The pay of FTSE 100 bosses surged 11 percent in the past year, pushing their median pay up to nearly £4 million ($5.1 million), according to a report which also found full-time employees received a 2 percent rise over the same period. More The pay of FTSE 100 bosses surged 11 percent in the past year, pushing their median pay up to nearly £4 million ($5.1 million), according to a report which also found full-time employees received a 2 percent rise over the same period...

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    3. Members of Tesla's Board of Directors are Lawyering up as Crisis Around Elon Musk Deepens

      Members of Tesla's Board of Directors are Lawyering up as Crisis Around Elon Musk Deepens
      • Some members of Tesla's board of directors are hiring lawyers to protect themselves in the ongoing fallout from CEO Elon Musk's public declarations about taking the company private.
      • Fellow board members are also urging Musk to cool it with the public statements about a go-private deal, according to a New York Times story published Tuesday night.
      • By all appearances, Musk has ignored that advice...
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      Mentions: CEO SEC Twitter
    4. Meet the 3 Tesla Board Members Set to Decide on Elon Musk's Go-Private Plan

      Meet the 3 Tesla Board Members Set to Decide on Elon Musk's Go-Private Plan
      • Tesla's board of directors has formed a special committee to examine CEO Elon Musk's preference to take the company private, according to a statement on the electric-car maker's website.
      • Three independent board members — Brad Buss, Robyn Denholm, and Linda Johnson Rice — will sit on the special committee.
      • While Musk has not yet presented a formal proposal to take Tesla private, he will need the committee's approval before such a move can occur...
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    5. Billionaire Carl Icahn Has Changed his Mind on Cigna's $52 Billion Purchase of Express Scripts

      Billionaire Carl Icahn Has Changed his Mind on Cigna's $52 Billion Purchase of Express Scripts
      • Carl Icahn has dropped his fight to stop health insurer Cigna’s purchase of Express Scripts, a pharmaceutical company.
      • Last week, Icahn said he would try and solicit proxy votes to block the $52 billion deal.
      • Icahn told CNBC that blocking the deal would be impossible and "there’s no point in fighting just to fight."

      Activist investor Carl Icahn has reversed his position on US health insurer Cigna’s purchase of pharmaceutical subscription company Express Scripts...

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    6. Some of Tesla's Board Members Were Reportedly 'Totally Blindsided' by Elon Musk's Tweet About Going Private

      Some of Tesla's Board Members Were Reportedly 'Totally Blindsided' by Elon Musk's Tweet About Going Private
      • Elon Musk's decision to tweet that he was considering taking Tesla private reportedly caught the company's own board of directors off-guard, The New York Times reported Monday night.
      • That August 7 tweet caused Tesla's stock to skyrocket to $380 per share that day.
      • In the days that followed, the SEC got involved, reportedly investigating Musk's online musings about taking the company private.
      • The fallout from that tweet follows an extended run of public missteps by the Tesla CEO...
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      Mentions: CEO SEC Twitter
    7. Tesla Surges After Elon Musk offers Details About his 'Funding Secured' Tweet

      Tesla Surges After Elon Musk offers Details About his 'Funding Secured' Tweet
      • Tesla CEO Elon Musk wrote in a blog post Monday that he left a meeting on July 31 with "no question that a deal with the Saudi sovereign fund could be closed."
      • The blog post offers new details into Tesla's plan to go private at $420 per share, which the billionaire announced last week, saying funding had been secured.
      • Shares initially surged to an all-time high, before wiping out all their gains as lawyers said the tweet may have broken securities laws and reports of the SEC investigating...
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      Mentions: Investment CEO SEC
    8. Activist Elliott Management to Push Nielsen Holdings to Sell

      Activist Elliott Management to Push Nielsen Holdings to Sell

      Activist investor Elliott Management Corp. has taken a big stake in Nielsen Holdings PLC and plans to push the TV-ratings company to sell itself. The New York hedge fund owns more than 8% of Nielsen, worth at least $640 million, people familiar with the matter said Sunday. Elliott, which has been launching campaigns at a blistering pace this year, could unveil the new effort as soon as Monday. Multiple...

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    9. California May Mandate a Woman in the Boardroom, But Businesses are Fighting It

      California May Mandate a Woman in the Boardroom, But Businesses are Fighting It

      California is moving toward becoming the first state to require companies to have women on their boards –assuming the idea could survive a likely court challenge. Sparked by debates around fair pay, sexual harassment and workplace culture, two female state senators are spearheading a bill to promote greater gender representation in corporate decision-making...

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    10. The Strange Story of a Goldman Sachs Whistleblower Who's Taking Aim at Top Execs' Dealmaking

      The Strange Story of a Goldman Sachs Whistleblower Who's Taking Aim at Top Execs' Dealmaking
      • Christopher Rollins, a 16-year veteran of Goldman Sachs, sued the bank this week over his termination.
      • Rollins claimed he was unfairly terminated over his role in a series of transactions involving an unnamed financier who had legal issues in the past. He's seeking $50 million in damages.
      • The lawsuit set tongues wagging on Wall Street and in the City of London, given that it names several of Goldman Sachs' most senior staff in London...
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