1. Articles in category: BoardNews

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    1. Tesla says Elon Musk Will Only Get Paid When the Company Performs Well

      Tesla says Elon Musk Will Only Get Paid When the Company Performs Well

      (Reuters) - Tesla Inc said on Tuesday Chief Executive Elon Musk will receive no guaranteed compensation of any kind, and that he will be paid only if the company and all of its shareholders do extraordinarily well.

      The compensation will be based on a combination of market capitalization and operational milestones, the electric carmaker said in a statement...

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    2. Dan Loeb's Third Point calls for Nestle Changes

      Dan Loeb's Third Point calls for Nestle Changes

      Activist investor Dan Loeb's Third Point LLC is keeping pressure on Nestlé SA, saying the giant consumer company needs to do more to realign its portfolio, including getting out of its stake in cosmetics giant L'Oréal SA. The activist, writing to his own investors, says Nestlé has taken some "important" steps recently, pointing to new board members the company announced and plans to increase margins, but believes more is needed. A representative for Nestlé wasn't immediately able to comment...

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    3. Abercrombie & Fitch Executive Chairman Martinez To Step Down

      Abercrombie & Fitch Executive Chairman Martinez To Step Down

      (RTTNews.com) - Abercrombie & Fitch Co. ( ANF ) said Monday that Arthur Martinez will step down as Executive Chairman of its Board of Directors at the conclusion of its fiscal year ending February 3, 2018 in connection with his plans to retire as a Director and not stand for re-election at the Company's ...

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    4. Celgene is Buying Cancer Drugmaker Juno Therapeutics for $9 Billion

      Celgene is Buying Cancer Drugmaker Juno Therapeutics for $9 Billion
      • Celgene is acquiring Juno Therapeutics, a company developing personalized cancer treatments in a deal worth $9 billion.
      • It's the second deal in 2018 for the biotech giant, which has been under pressure from investors.
      • The highly personalized treatments Juno makes, called CAR T-cell therapy, are at the beginning of what some are calling "a big new field of medicine...
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    5. Toshiba Considering IPO for Memory Chip Unit

      Toshiba Considering IPO for Memory Chip Unit

      Toshiba Corp is considering an IPO of its prized memory chip business if an agreed $18 billion sale to a Bain Capital-led consortium fails to gain antitrust approval by the end of March, the Financial Times reported on Monday. The IPO is one of various contingency plans being looked at by Toshiba’s top executives, the FT said, citing people familiar with the plans...

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      Mentions: Management IPO Sale
    6. Stock Repurchase Plan Announced by American National BankShares (AMNB) Board of Directors

      Stock Repurchase Plan Announced by American National BankShares (AMNB) Board of Directors

      American National BankShares logo American National BankShares (NASDAQ:AMNB) announced that its board has initiated a stock repurchase program, which allows the company to buyback 300,000 shares on Friday, January 19th, EventVestor reports. This buyback authorization allows the financial ...

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    7. Larry Fink, CEO of $6.3 Trillion Manager BlackRock, Just Sent a Warning Letter to CEOs Everywhere

      Larry Fink, CEO of $6.3 Trillion Manager BlackRock, Just Sent a Warning Letter to CEOs Everywhere
      • BlackRock CEO Larry Fink on Tuesday sent a letter to CEOs of public companies outlining his expectation that they start accounting for their effect on society.
      • BlackRock, a $6.3 trillion asset manager, is doubling the size of its investor-stewardship program, which aims to engage with companies rather than rely on proxy voting.
      • "Society is demanding that companies, both public and private, serve a social purpose," Fink wrote...
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    8. Activist Cevian Says a Simpler Thyssenkrupp Could Soar 100%

      Activist Cevian Says a Simpler Thyssenkrupp Could Soar 100%

      Thyssenkrupp AG’s second-biggest shareholder said it expects the steelmaker will fix an overly complicated structure that’s to blame for poor investor returns. The stock could double if the company wasn’t so complex, said Lars Forberg, a managing partner at Cevian Capital. Thyssenkrupp, one of Germany’s biggest industrial companies with a business spanning submarines and elevators, is an oversized conglomerate that needs to restructure, Forberg said in an interview on Bloomberg Television...

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    9. Former Uber CEO Travis Kalanick Just Became an Actual Billionaire with $1.4 Billion in Cash, and he Plans to Start Giving it Away

      Former Uber CEO Travis Kalanick Just Became an Actual Billionaire with $1.4 Billion in Cash, and he Plans to Start Giving it Away
      • It's been a good day for the former Uber CEO Travis Kalanick.
      • A deal with perhaps the most powerful investor in tech, one that had been in the works for months, closed on Thursday.
      • That deal dropped a cool $1.4 billion in cash into Kalanick's pocket and will soon end a contentious lawsuit with his biggest investor, Benchmark.
      • Kalanick's first order of business is setting up a charitable foundation and donating a big chunk of his money to it, Business Insider has learned...
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      Mentions: CEO Uber SoftBank
    10. Vanguard's Chairman Says Cryptocurrencies Pose an ‘Idiosyncratic Risk’

      Vanguard's Chairman Says Cryptocurrencies Pose an ‘Idiosyncratic Risk’
      • Vanguard Group chairman F. William McNabb said Thursday that the ongoing cryptocurrency boom worries him “a little bit.”
      • "If something’s too good to be true, it probably is," he told Bloomberg TV.

      Vanguard Group chairman F. William "Bill" McNabb remains hesitant about the cryptocurrency craze, he told Bloomberg TV on Thursday...

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    11. Mellanox Confirms Receipt of Director Nominations from Starboard Value

      Mellanox Confirms Receipt of Director Nominations from Starboard Value

      Further, Mellanox is strongly committed to best-in-class corporate governance and is recognized by ISS governance analysis as possessing the best governance profile, including the highest board structure score, amongst its peers. The Mellanox Board takes its fiduciary duties seriously, is strongly ...

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    12. Activist Investors Take Aim at Journeys’ Parent Company

      Activist Investors Take Aim at Journeys’ Parent Company

      Genesco Inc. has joined a growing list of publicly traded firms attracting activist shareholder interest in the current retail climate. In a filing with the U.S. Securities and Exchange Commission on Tuesday, investment firms Legion Partners Asset Management LLC and 4010 Capital LLC disclosed their intent to drive change at Genesco, which has seen some unevenness in recent months...

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    13. Ericsson Flags $1.77 Billion Write-Down

      Ericsson Flags $1.77 Billion Write-Down

      Ericsson AB's costly turnaround continues.

      The Swedish telecommunications-equipment maker said it expects to write down another 14.2 billion Swedish kronor ($1.77 billion) in assets, as it struggles to retool itself in the face of slowing sales and nimbler Chinese rivals. It is the latest in a series of charges amounting to more than $5 billion over the past two years.

      Over that period, Ericsson has replaced its chief executive and chairman, shed thousands of jobs and racked up quarterly losses. It has also tussled with an activist investor, who ultimately won a role picking board members...

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    14. SandRidge to Meet with Investor Icahn to Quell Rising Tensions

      SandRidge to Meet with Investor Icahn to Quell Rising Tensions

      HOUSTON, Jan 17 (Reuters) - SandRidge Energy Inc is expected to meet with activist investor Carl Icahn on Wednesday over his demands for a board shake-up and other governance changes, part of a bid by the U.S. shale oil producer to quell tensions with its largest shareholder and most outspoken critic. Icahn said in December he was considering a proxy contest to remove some or all of SandRidge’s directors...

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    15. Chief Executive Opens the Door to GE Breakup

      Chief Executive Opens the Door to GE Breakup

      Could the sun finally be setting on the General Electric empire? Chief executive John Flannery on Tuesday raised the prospect of ending GE’s long life as one of the world’s best-known industrial conglomerates by floating the idea of spinning off one or more of its remaining three core businesses into separately traded companies. The breakup of the company born in Thomas Edison’s labs is one of the more radical ...

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      Mentions: Management CEO crisis
    1-24 of 7542 1 2 3 4 ... 313 314 315 »
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