1. Articles in category: BoardNews

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    1. Ford CEO Jim Hackett Pay Raise Means He Earns 276 Times More than Median Employee

      Ford CEO Jim Hackett Pay Raise Means He Earns 276 Times More than Median Employee

      DETROIT – Ford CEO Jim Hackett received total compensation of $17.8 million in 2018, up from $16.7 million in 2017, according to finance documents released by the company . The Dearborn, Michigan-based carmaker reported Hackett's pay was 276 times more than the median compensation for all U.S.-based Ford employees.

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    2. Marriott to Open 1,700 Hotels, Return $11 Billion to Shareholders by 2021 | MarketScreener

      Marriott to Open 1,700 Hotels, Return $11 Billion to Shareholders by 2021 | MarketScreener

      (Reuters) - Marriott International Inc said on Monday it plans to open more than 1,700 hotels and return up to $11 billion to shareholders by 2021 as part of its three-year growth strategy, sending its shares up as much as 3 percent. The owner of Ritz-Carlton and St. Regis luxury hotel brands also forecast its annual profit in a range of $7.65 per share to $8.50 per share by 2021, largely above analysts' average estimate of $7.72 per share, according to Refinitiv data...

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    3. TransAlta Stock Rises After U.S. Activist Investor Group Demands Change

      TransAlta Stock Rises After U.S. Activist Investor Group Demands Change

      CALGARY - Shares in power utility TransAlta Corp. rose by more than five per cent Monday after a U.S. investment partnership revealed it has acquired a 10-per-cent stake and will be demanding board representation. Dallas-based Cove Key Bluescape Holdings announced late Friday it had bought 50,000 TransAlta shares to take its total ownership to 8.1 million, about 2.86 per cent of the outstanding stock...

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    4. Asset Manager Franklin Templeton Removed John B. Wilson From its Board After he was Caught up in the College Admissions Bribery Scheme

      Asset Manager Franklin Templeton Removed John B. Wilson From its Board After he was Caught up in the College Admissions Bribery Scheme
      • Investment management firm Franklin Templeton removed investor John B. Wilson from its board of directors after he was among dozens of people indicted by the FBI on Tuesday in an alleged college admissions bribery scheme.
      • Wilson served as the lead independent trustee of 112 portfolios in the fund complex of Franklin Templeton Funds. He was also the designated financial expert of Franklin Funds' audit committee...
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    5. Shell Boss' Pay Doubles to 143 Times Average UK Shell Worker's Pay

      Shell Boss' Pay Doubles to 143 Times Average UK Shell Worker's Pay

      The chief executive of oil-company Shell saw his pay more than double last year to more than €20m (£17m). Ben van Beurden's total salary in 2017, which was approximately €9m, prompted a shareholder revolt. The Dutch executive's rise comes as the company increased its annual profits by almost $10bn and is largely down to long-term incentives kicking in...

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      Mentions: Shell UK culture
    6. Wells Fargo CEO's Pay Raise Draws Rare Fed Response

      Wells Fargo CEO's Pay Raise Draws Rare Fed Response

      (Reuters) - Wells Fargo & Co gave Chief Executive Tim Sloan a 5 percent pay raise for 2018, the bank said on Wednesday.

      Sloan’s base salary remained flat at $2.4 million, he earned $14 million stock awards and the board awarded him a $2 million bonus based on the bank’s financial performance and other factors, according to a company filing...

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    7. Google Co-Founder Larry Page Threatened to Leave if the Company Didn't Find a Way to Keep Him in Control, Newly Unsealed Court Docs Reveal

      Google Co-Founder Larry Page Threatened to Leave if the Company Didn't Find a Way to Keep Him in Control, Newly Unsealed Court Docs Reveal
      • Larry Page, Google's cofounder, threatened to leave the company in 2011, Bloomberg reported Wednesday.
      • Together with fellow cofounder Sergey Brin and top executive Eric Schmidt, Page held shares with super-voting powers that gave the threesome control over Google.
      • Page was worried he'd lose that control if Brin or Schmidt sold their shares, according to recently unsealed court records viewed by Bloomberg...
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    8. Lilly CEO David Ricks Snags $17.2M Pay Package for 2018, a 9% Hike

      Lilly CEO David Ricks Snags $17.2M Pay Package for 2018, a 9% Hike

      by Eric Sagonowsky | Mar 13, 2019 11:16am Lilly CEO David Ricks made 189 times the company's median employee compensation in 2018, the drugmaker reported. (LillyPad) Eli Lilly CEO David Ricks, in his second year on the job, snared a pay package larger than those of a few of his Big Pharma peers. And it's not far shy of the amount his predecessor, John Lechleiter, hauled in for his final—and eighth—year as Lilly chief...

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    9. Billionaire Nelson Peltz is Getting into the Cannabis Business

      Billionaire Nelson Peltz is Getting into the Cannabis Business
      • The billionaire Nelson Peltz is joining Aurora Cannabis as a strategic adviser.
      • Peltz is the CEO and a founding partner of Trian Fund Management.
      • He has served as the CEO and chairman of Triarc Companies, which owned Arby's and Snapple, and has been on several company boards.
      • Aurora Cannabis shares were up 8.5% following the announcement.

      The billionaire Nelson Peltz is getting into the cannabis business...

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    10. Big and Blue: IBM Boss's Wage Package Shrinks in 2018 on Her Own Recommendation

      Big and Blue: IBM Boss's Wage Package Shrinks in 2018 on Her Own Recommendation

      IBM's head honcho Ginni Rometty was paid $16.45m for running the company last year though this was dramatically lower than it could have been – the exec herself downgraded her final incentive score and the board agreed. According to a 2019 Notice of Annual Meeting & Proxy Statement this week filed with the Securities and Exchange Commission, IBM’s CEO, president and chairman could have made roughly 15 per cent more than she did...

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