1. Articles in category: BoardNews

    1-24 of 8133 1 2 3 4 ... 337 338 339 »
    1. BREAKING NEWS: Activist Carl Icahn Gains Control of Board in Proxy Fight at SandRidge Energy

      BREAKING NEWS:  Activist Carl Icahn Gains Control of Board in Proxy Fight at SandRidge Energy

      (Reuters) - Activist investor Carl Icahn on Tuesday won a battle for control of SandRidge Energy, winning at least four of seven seats on the board of the U.S. shale producer that he wants to sell. FILE PHOTO: Billionaire activist-investor Carl Icahn gives an interview on FOX Business Network's Neil Cavuto show in New York, U.S., February 11, 2014...

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    2. McKesson CEO Takes 10% Pay Cut as Company Faces Opioid Lawsuit

      McKesson CEO Takes 10% Pay Cut as Company Faces Opioid Lawsuit

      McKesson CEO John Hammergren will take a 10 percent pay cut in fiscal 2018 as the company faces a shareholder lawsuit for allegedly failing to audit controls for opioid-based painkillers, according to Bloomberg . The lawsuit was filed in 2017 by shareholder Chaile Steinberg against former and current McKesson executives and directors...

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      Mentions: CEO Google Twitter
    3. Rent-A-Center to Be Taken Private by Vintage

      Rent-A-Center to Be Taken Private by Vintage

      Vintage, which originally offered $13 per share for Rent-A-Center last fall, made a $14-per-share proposal on June 12. Rent-A-Center said Monday its board had unanimously accepted an improved $15-per-share offer that represents a premium of 25% to the stock’s Friday close. The board “is confident [the proposal] maximizes value for stockholders while delivering a significant and immediate cash premium,” CEO Mitch Fadel said in a news release...

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    4. Shareholders Are Trying to Pressure Jeff Bezos into Cutting Off Amazon's Deals to Sell Facial Recognition to Police Departments

      Shareholders Are Trying to Pressure Jeff Bezos into Cutting Off Amazon's Deals to Sell Facial Recognition to Police Departments
      • Civil rights groups and a shareholders are putting pressure on Amazon CEO Jeff Bezos to stop selling the Amazon Rekognition facial recognition software to law enforcement agencies.
      • The groups raise privacy concerns, along with worries about how the software can be used to unfairly target vulnerable communities.
      • Amazon has defended its practice of selling to law enforcement, saying that the software has already helped find victims of abduction...
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      Mentions: CEO Amazon risk
    5. Elliott Raises Stake in Germany's GEA to Over 5 Percent

      Elliott Raises Stake in Germany's GEA to Over 5 Percent

      FRANKFURT (Reuters) - Activist shareholder Elliott has raised its stake in German food processing equipment maker GEA Group ( G1AG.DE ) to 5.03 percent from 3.01 percent as of June 12, a regulatory filing by GEA showed on Monday. Elliott’s holding rose above 3 percent in October. Reporting by Maria Sheahan; Editing by Edward Taylor...

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    6. Facebook Quietly Made a Huge Concession to Shareholders as it Aims to Avoid Another Data Disaster

      Facebook Quietly Made a Huge Concession to Shareholders as it Aims to Avoid Another Data Disaster
      • Facebook has beefed up the power of its audit committee, which is chaired by former White House chief of staff Erskine Bowles.
      • The committee will monitor Facebook's social impact, privacy safeguards, and cybersecurity risk.
      • It is being seen as a major concession to shareholders, who have campaigned for a risk committee.
      • They welcomed the news, but said Facebook will be judged by its actions, not its promises...
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    7. BlackBerry CEO John Chen in Line for Huge Pay Package

      BlackBerry CEO John Chen in Line for Huge Pay Package

      When we told you in March of CEO John Chen’s lucrative contract extension at BlackBerry Ltd. − stock awards designed to be worth more than US$300-million − we also knew Mr. Chen was in line for a cash bonus, amount to be named later. Shareholders scouring the company’s proxy statement now know the number: Mr. Chen is in line for a possible US$90-million award, on top of the shares BlackBerry granted him...

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      Mentions: CEO ISS NYSE
    8. Perry Ellis Agrees to Go Private After Bid From Former Executive Chairman

      Perry Ellis Agrees to Go Private After Bid From Former Executive Chairman

      Perry Ellis International Inc. PERY 0.87% agreed to go private in a deal valued at $437 million, four months after George Feldenkreis, the founder and former executive chairman, made a bid for the apparel company. A newly formed entity controlled by Mr. Feldenkreis will acquire the Perry Ellis shares for $27.50 each. The offer represents a premium of 21.6% to the company’s share price Feb. 5, the last day before the proposal from Mr. Feldenkreis...

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    9. McKesson Reduces CEO's Pay 10% Following Revolt by Investors

      McKesson Reduces CEO's Pay 10% Following Revolt by Investors

      (Bloomberg) -- McKesson Corp. cut Chief Executive Officer John Hammergren’s pay by about 10 percent following a shareholder revolt spurred by claims about the health-care firm’s alleged role in the nation’s opioid crisis. The International Brotherhood of Teamsters led a vote-no campaign in 2017 against the firm’s executive pay plan after accusing the drug distributor of aggravating the opioid epidemic...

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      Mentions: Investors CEO crisis
    10. Elon Musk Bought $25 Million Worth of Tesla Stock, Just a Day After Laying Off 9% of Tesla Employees

      Elon Musk Bought $25 Million Worth of Tesla Stock, Just a Day After Laying Off 9% of Tesla Employees

       

      • Elon Musk bought about $25 million worth of Tesla stock this week.
      • His purchases come after Musk announced to Tesla employees that the company was cutting 9% of its workforce.
      • It could be a signal to employees and Wall Street that he's still optimistic about the future of Tesla.

      Tesla Motors CEO Elon Musk has personally purchased about $25 million worth of stock in his own company, according to a filing with the SEC on Wednesday.

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      Mentions: CEO SEC Tesla
    11. HBC Faces Shareholder Blowback Over Exec Pay

      HBC Faces Shareholder Blowback Over Exec Pay

      TORONTO -- Hudson's Bay Company faced a fight from some of its most prominent investors Tuesday over its decision to award executives with multi-million-dollar pay packages despite two years of weak sales and sizable losses for the retailer. The Ontario Teachers' Pension Plan, British Columbia Investment Management Corp. and the California Public Employees' Retirement System (CalPERS) said they voted against the company's remuneration practices that include a $54.8 million pay package for the retailer's executive chairman Richard Baker. The "say on pay" vote -- a non-binding motion that is growing in popularity at Canadian companies and aimed at ...

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    12. Elliott Management Pushes for Overhaul of Sempra Energy

      Elliott Management Pushes for Overhaul of Sempra Energy

      REUTERS Less than one year after nudging Sempra Energy into its largest acquisition ever , activist investor Paul Singer is urging the San Diego-based company to burn some fat. Singer’s Elliott Management, working alongside energy investment firm Blue­scape Resources, is pushing Sempra to replace six members of its 14-person board, according to a presentation the two released Monday...

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    1-24 of 8133 1 2 3 4 ... 337 338 339 »
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