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Articles in category: BoardNews
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Telstra (ASX:TLS) Chairman John Mullen Defends Executive Pay, Sprays Kids Earning 'millions on Fortnite'
Read Full ArticleTelstra chairman John Mullen has delivered a remarkable spray at critics of chief executive Andy Penn's $5 million-a-year pay packet, arguing kids playing popular video game Fortnite, social media influencers and professional athletes are paid similar sums of money...
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Voce Comments on SEC Investigation at Argo
Read Full ArticleVoce Capital Management LLC ("Voce"), the beneficial owner of approximately 5.4% of the shares of Argo Group International Holdings, Ltd. (NYSE: ARGO) ("Argo" or the "Company"), today commented on Argo's recent disclosure of an ongoing Securities and Exchange Commission ("SEC ( News - Alert )") investigation at Argo related to executive compensation and benefits and associated disclosure issues: "Earlier this year Voce published a detailed case demonstrating that a culture of indulgence, entrenchment and failed oversight has plagued Argo under the aegis of the ...
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Hudson Executive Capital to Nominate Directors to Board of USA Technologies
Read Full ArticleNEW YORK--(BUSINESS WIRE)--Hudson Executive Capital LP (“Hudson Executive” or “HEC”), a New York-based investment firm that beneficially owns approximately 16% of USA Technologies, Inc. (“USAT” or the “Company”) (OTC: USAT) common stock, today issued a letter to shareholders highlighting the USAT Board of Directors’ numerous value-destructive actions and lack of management qualifications or accountability...
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Hunter Biden to Leave Chinese Company Board, His Lawyer Says
Read Full ArticleHe plans to resign from the BHR board of directors on or by Oct. 31, his lawyer said in a statement...
Mentions: Independent Director -
Inside JP Morgan, Moving On From WeWork is Proving to Be a Messy Proposition
Read Full ArticleThose include an equity ownership stake in WeWork; the company's S-1 ... regulations and questions about the company's corporate governance...
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Boeing Board of Directors Split CEO, Chairman Roles
Read Full ArticleBoeing's Board of Directors has stripped Dennis Muilenburg of his chairman role amid the aircraft manufacturer's ongoing efforts to return the troubled ...
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Boeing Board Relieves Muilenburg Of Chairman Job Amid 737 MAX Crisis
Read Full ArticleCEO's power is diminished as the company struggles to bring its flagship plane back to service following two deadly crashes...
Mentions: Boeing -
Renault Fires Its C.E.O., as the Post-Ghosn Shake-Up Continues
Read Full ArticleThe dismissal of Thierry Bolloré came after Nissan named a new chief. The automakers are part of an alliance once led by Carlos Ghosn, who was ousted as chairman...
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SAP Reverts to Co-CEOs as McDermott Steps Down
Read Full ArticleBill McDermott stood down today after a decade building up SAP as the world's leading enterprise software company. He will hand the task of completing its transition to cloud computing to new co-CEOs Jennifer Morgan and Christian Klein. SAP announced the management overhaul, with immediate effect, after rushing out third-quarter results that showed it gaining traction in its drive to offer a more streamlined range of services and boost profitability...
Mentions: SAP -
U.S. Presidential Candidate Warren Calls on AT&T to Reject Plan She Says Will Cost Jobs
Read Full Article(Reuters) - U.S. presidential candidate Elizabeth Warren called on AT&T Inc to reject an activist investor plan she said would lead to job cuts, staking out a different position than President Donald Trump who has cheered the investor's involvement. In a Twitter post on Thursday, Warren said she sided with union workers at ...
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Progenics Inked a Merger to Avoid Negotiating a Proxy War. One Activist Still Wants to Fight
Read Full ArticleLocked in a proxy tussle with activist investor Velan Capital, Progenics Pharmaceuticals danced a sidestep, inking a merger deal with another company rather than negotiate with its board challengers. But now, Velan says it's not giving up the fight—and the proposed merger has joined its list of grievances...
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Bed Bath & Beyond Jumps After Naming Former Target Executive as CEO
Read Full ArticleShares of Bed Bath & Beyond (BBBY - Get Report) jumped in after-hours trading Wednesday after the company appointed former Target executive Mark Tritton as president and CEO...
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AT&T to Sell $2 billion in Latin American Operations Amid Activist Investor Pressure
Read Full ArticleAT&T, under pressure from an activist investor to divest assets, is selling its wired and wireless network operations in Puerto Rico and the U.S. Virgin Islands to Latin American telecom company Liberty Latin America in a $1.95 billion deal...
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Aramco's Long-Delayed Mega-IPO Is Finally Set to Hit the Market
Read Full ArticleThe Saudis are hoping to take a slice of the company public at a valuation of $2 trillion, ... Investors are worried about corporate governance , as well...
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Argo Group Under SEC Scrutiny Over Executives Compensation
Read Full ArticleArgo Group International Holdings Ltd. has been subpoenaed by U.S. securities regulators about perks for its executives and is conducting an internal review. The U.S. Securities and Exchange Commission is seeking documents focused on Argo’s disclosures about executive compensation, the company said in response to inquiries from Bloomberg News. Its independent directors are conducting a review of its governance and compensation matters, the company said...
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Corporate Board Elections Getting a Little Less Cozy
Read Full ArticleThis year, 478 nominees for U.S. board seats failed to win support from a majority of voted shares, a 39% jump from 2015...
Mentions: Board Elections -
Jefferies Downgrades Ezcorp Following Recent Board Changes
Read Full ArticleDespite a compelling valuation, it is difficult to assign Ezcorp Inc (NASDAQ: EZPW) a Buy rating following the recent corporate governance actions ...
Mentions: EZCORP -
Veteran Software Executive Allison Mnookin Joins Bill.com Board of Directors
Read Full Article“I'm delighted to welcome Allison to the Bill.com board of directors ,” said Bill.com CEO Renė Lacerte. “She brings extensive software experience from ...
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Special Report: Index Funds Invest Trillions But Rarely Challenge Management
Read Full Article(Reuters) - Index funds now control half the U.S. stock mutual fund market, giving the biggest funds enormous power to influence decisions and demand better returns at the companies in which they invest trillions of dollars. But the leading U.S. index fund firms, BlackRock Inc, Vanguard Group and State Street Corp, rarely use that clout...
Mentions: Index Funds -
WeWork is Reportedly Seeking a $4 Billion Lifeline from SoftBank and JPMorgan
Read Full ArticleWeWork is reportedly seeking a $4 billion lifeline from SoftBank and JPMorgan.
- The shared workspace group is in talks with its largest investor for a $1 billion injection, which it hopes to parlay into a $3 billion debt deal with the bank, according to Reuters.
- WeWork is hoping to secure the funds as early as next week, when it expects to outline planned job cuts and asset sales to employees, Reuters reported...
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Nissan Board Girds for Clash With Management
Read Full ArticleTOKYO—Some Nissan Motor Co. directors will demand at Tuesday’s board meeting to see a list of around 80 Nissan employees who may have assisted former Chairman Carlos Ghosn in alleged wrongdoing...
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New Nissan Pay Problems Point to Conflicts at the Top
Read Full ArticleTOKYO — An outside law firm investigating problems at Nissan, the troubled Japanese automaker, this summer discovered some potentially explosive information. Hari Nada, a powerful Nissan insider who was behind the ouster last year of Nissan’s chairman, Carlos Ghosn, over compensation issues, had been improperly overpaid himself, the firm found...
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Bp Ceo Bob Dudley, Who Steered the Oil Giant from Bankruptcy after the Deepwater Horizon Spill, is Stepping Down
Read Full ArticleBob Dudley, the chief executive of oil giant BP, is to step down from the role in February of next year...
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