1. Articles in category: BoardNews

    1-24 of 9658 1 2 3 4 ... 401 402 403 »
    1. UHS Execs, Directors Escape Lawsuit Over Billing Practices

      UHS Execs, Directors Escape Lawsuit Over Billing Practices

      A Pennsylvania federal judge has dismissed a shareholder lawsuit against several of Universal Health Services' top executives and directors. Shareholders began filing derivative lawsuits against King of Prussia, Pa.-based UHS in 2017 after Buzzfeed News reported that UHS psychiatric hospitals kept patients longer than necessary and against their will to maximize reimbursement from insurers...

      Read Full Article
    2. Group of Top CEOs says Maximizing Shareholder Profits No Longer can be the Primary Goal of Corporations

      Group of Top CEOs says Maximizing Shareholder Profits No Longer can be the Primary Goal of Corporations

      The new statement, released Monday by the Business Roundtable -- whose members are CEOs of America’s largest companies -- suggests balancing the needs of a company’s various constituencies and comes at a time of widening income inequality, rising expectations for corporate behavior and proposals from Democratic lawmakers that aim to restructure American capitalism...

      Read Full Article
    3. Boston-Based General Electric Suffers Worst Stock Drop In 11 Years

      Boston-Based General Electric Suffers Worst Stock Drop In 11 Years

      General Electric fought back Thursday night after the company was accused of fraud and its stock experienced its worst one-day percentage drop since April 2008. General Electric shares plunged more than 11% Thursday after Harry Markopolos, who is famous for blowing the whistle on Bernie Madoff’s Ponzi scheme in 2008, accused GE of orchestrating a massive fraud. GE CEO Larry Culp on Thursday bought 252,200 shares at $7.93 per share, a purchase worth almost $2 million, according to an SEC filing...

      Read Full Article
    4. Care.com Needs Supervision

      Care.com Needs Supervision

      Activist investor calls for Care.com to consider a sale, but even that may not be enough to restore parents’ lost trust Care.com’s days as an independent matchmaker could be limited. New York-based activist investor Engine Capital L.P. is calling for the company to explore a sale in the wake of The Wall Street Journal’s March investigation which showed it provided limited vetting of its caregivers, sometimes with tragic results...

      Read Full Article
    5. WeWork Doesn’t Have a Single Woman Director, According to IPO Filing

      WeWork Doesn’t Have a Single Woman Director, According to IPO Filing

      It’s 2019, and a $47 billion company is going public with an all-male board of directors. WeWork’s parent known formally as the We Company disclosed who comprises its board in an initial public offering prospectus early on Wednesday. Among the seven members, not a single one is female. The company was most-recently valued privately at $47 billion although it’s unclear if they’ll receive the same price tag from the public markets...

      Read Full Article
    6. WeWork's Founder and CEO Didn't Take a Salary Last Year as the Company Prepared for its Massive IPO

      WeWork's Founder and CEO Didn't Take a Salary Last Year as the Company Prepared for its Massive IPO
      • WeWork's CEO was paid nothing in 2018, the company said in its initial public offering filing on Wednesday.
      • Adam Neumann is worth an estimated $4.1 billion after founding the company a decade ago.
      • WeWork, the $47 billion co-working company, is going public. Here's everything we know about what's going on.
      Adam Neumann, the billionaire Israeli businessman and founder of WeWork, didn't take a salary in 2018, the company said Wednesday...
      Read Full Article
    7. Third Point Cuts United Technologies Stake After Opposing Raytheon Deal

      Third Point Cuts United Technologies Stake After Opposing Raytheon Deal

      BOSTON: Hedge fund Third Point LLC said on Tuesday that it recently cut its investment in United Technologies Corp , becoming the second activist hedge fund to sell shares after the company announced a merger with Raytheon Co. that the funds said they would not support. The New York-based firm sold 480,000 shares of United Technologies stock during the second quarter, cutting its holding by 7 percent to 6 million shares, according to a regulatory filing made on Tuesday...

      Read Full Article
    8. Goldman Activism Defense Chief Joins Activist Investor Elliott

      Goldman Activism Defense Chief Joins Activist Investor Elliott

      (Bloomberg) -- Goldman Sachs Group Inc.’s top activism banker Steven Barg is joining the New York hedge fund Elliott Management Corp., one of the main firms he used to defend companies against, according to an internal memo obtained by Bloomberg. Barg will join the firm as its new global head of corporate engagement, the memo states...

      Read Full Article
    9. California Sued Over Law Requiring Women on Corporate Boards

      California Sued Over Law Requiring Women on Corporate Boards

      California’s first-in-the-nation law mandating women on boards of publicly held companies is facing what appears to be its first legal challenge.  Judicial Watch, a Washington-based conservative activist group, said in a lawsuit filed this week on behalf of three California taxpayers that spending taxpayer money enforcing the law is illegal under the California constitution...

      Read Full Article
    1-24 of 9658 1 2 3 4 ... 401 402 403 »
  1. Categories

    1. BoardProspects Features:

      BoardBlogs, BoardKnowledge, BoardMoves, BoardNews, BoardProspects Announcements, BoardProspects CEO, CEO Blog, In the News, Partner Publications, Sponsored Content
  2. Popular Articles

  3. People in the News

    1. (7 articles) Carl Icahn
    2. (4 articles) Executive Compensation
    3. (2 articles) SEC
    4. (1 articles) Bill Ackman
    5. (1 articles) Julie Golob
    6. (1 articles) Takeover Bid
    7. (1 articles) NY Attorney General
    8. (1 articles) Paul Bascobert
    9. (1 articles) Harry Markopolos
    10. (1 articles) Vas Narasimhan
    11. (1 articles) Jamie Dimon
    12. (1 articles) Steven Barg
  4. Organizations in the News

    1. (5 articles) Board Diversity
    2. (5 articles) Occidental Petroleum
    3. (3 articles) HSBC
    4. (3 articles) WeWork
    5. (3 articles) Hudson Bay Corporation
    6. (2 articles) Equifax
    7. (2 articles) Elliott Management
    8. (2 articles) Raytheon
    9. (2 articles) Viacom
    10. (2 articles) CBS
    11. (2 articles) Facebook
    12. (2 articles) General Electric
  5. Locations in the News

    1. (15 articles) Activist Investors
    2. (1 articles) Hedge Fund
    3. (1 articles) Conflict of Interest
  6. Subjects in the News

    1. (3 articles) IPO
    2. (3 articles) Cybersecurity
    3. (3 articles) CEO
    4. (2 articles) Merger
    5. (1 articles) board quotas
    6. (1 articles) acquisition
    7. (1 articles) California
    8. (1 articles) Proxy Fight
    9. (1 articles) Shareholder Lawsuit
    10. (1 articles) Shareholder Primacy
    11. (1 articles) Fraud
    12. (1 articles) Shareholders