1. Articles in category: BoardNews

    73-96 of 8610 « 1 2 3 4 5 6 7 ... 357 358 359 »
    1. Dan Loeb Ramps Up Pressure on Campbell Soup, Urges Asset Sales

      Dan Loeb Ramps Up Pressure on Campbell Soup, Urges Asset Sales

      (Bloomberg) -- Dan Loeb, who’s seeking a complete overhaul of Campbell Soup Co.’s board, said the embattled snack maker could fetch as much as $58 per share in a sale and should consider offloading brands like Pop Secret and Pepperidge Farms Frozen Cakes, as he urges significant changes to help modernize the iconic American company...

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    2. Pfizer's Long-Serving CEO Ian Read is Standing Down and Being Replaced by his Chief Operating Officer

      Pfizer's Long-Serving CEO Ian Read is Standing Down and Being Replaced by his Chief Operating Officer
      • Pfizer announces that CEO Ian Read will stand down from the start of 2019.
      • He will be replaced by Dr. Albert Bourla, who is currently Pfizer's chief operating officer.
      • "It’s been an honor to serve as Pfizer’s CEO for the past eight years," Read said in a statement.

      Ian Read, the long-serving chief executive officer of pharmaceutical giant Pfizer is set to step down, the company announced on Monday...

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    3. Tesla is Soaring after Elon Musk Settles with the SEC

      Tesla is Soaring after Elon Musk Settles with the SEC
      • Tesla shares were up more than 15% early Monday on the news Tesla CEO Elon Musk had settled fraud charges with the US Securities and Exchange Commission.
      • Musk will neither admit nor deny the allegations, including that he knowingly misled the public, and he has agreed to step down as Tesla's chairman for at least the next three years. Both Musk and Tesla will also pay $20 million fines...
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      Mentions: CEO SEC Tesla
    4. Breaking News: General Electric CEO John Flannery is Out

      Breaking News:  General Electric CEO John Flannery is Out

      General Electric head John Flannery is out after just more than a year at the top of the company. He will be replaced as chairman and CEO by  H. Lawrence Culp, Jr.

      GE said it will take a $23 billion goodwill charge for its power business. It also warned that it will miss its 2018 earnings-per-share gudiance.

      GE shares are up more than 10% on the news...

       

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    5. Breaking News: California State Law Mandates Female Board Directors by 2019

      Breaking News:  California State Law Mandates Female Board Directors by 2019

      (Reuters) - California will require publicly listed companies with headquarters in the state to have at least one woman on their boards of directors by end of 2019, under a bill signed into law on Sunday. The law would mandate at least two female directors by the end of 2021 if the company has five directors and three women if the company has six or more directors. Violators face fines of at least $100,000 and up to $300,000 for multiple violations of the statute...

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    6. Here's What Legal Experts are Saying About the SEC's Decision to Sue Elon Musk (TSLA)

      Here's What Legal Experts are Saying About the SEC's Decision to Sue Elon Musk (TSLA)
      • The SEC filed a lawsuit against Tesla CEO Elon Musk on Thursday, alleging that Musk made "false and misleading statements" in August about taking the automaker private.
      • Musk said he was "deeply saddened and disappointed" by the lawsuit, which he called "unjustified," in a company statement to Business Insider.
      • Three legal experts weighed in on the matter...
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      Mentions: CEO SEC Tesla
    7. Demand for Female Directors Rises Amid Proposed Bill Mandating More Women on Boards

      Demand for Female Directors Rises Amid Proposed Bill Mandating More Women on Boards

      In an effort to increase female representation on corporate boards, California’s Senate recently passed a bill mandating that public companies based in the Golden State have at least one woman on their board by the end of 2019.

      The legislation, SB-826, is now before California Gov. Jerry Brown, who has until Sept. 30 to sign it into law. If Brown signs the bill, the one-woman boardroom mandate...

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    8. Icahn, CVR Lose Malpractice Case Against Wachtell Lipton Law Firm

      Icahn, CVR Lose Malpractice Case Against Wachtell Lipton Law Firm

      NEW YORK (Reuters) - A federal judge in Manhattan on Friday dismissed an unusual lawsuit in which billionaire investor Carl Icahn accused the law firm Wachtell, Lipton, Rosen & Katz of malpractice related to his 2012 hostile takeover of CVR Energy Inc. U.S. District Judge Richard Sullivan said CVR failed to show that Wachtell and two of its partners, Benjamin Roth and Andrew Brownstein, should have disclosed that two banks helping CVR defend against the takeover stood to earn much higher fees if Icahn's bid succeeded than if it failed. By suing, CVR, and thus Icahn, were essentially claiming they ...

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    9. A Former SEC Lawyer Says the Agency Shouldn't Have Sued Elon Musk

      A Former SEC Lawyer Says the Agency Shouldn't Have Sued Elon Musk
      • The SEC sued Tesla CEO Elon Musk on Thursday, saying he made "false and misleading" statements in August about possibly taking Tesla private.
      • Former SEC senior counsel Thomas Gorman told Business Insider he disagreed with the agency's decision.
      • While Musk's statements weren't smart from a business perspective, that doesn't necessarily mean he committed fraud, Gorman said...
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      Mentions: Investment CEO SEC
    10. Nestlé CEO's Vision Takes Shape, but an Activist Clouds the Horizon

      Nestlé CEO's Vision Takes Shape, but an Activist Clouds the Horizon

      Nestlé SA's Mark Schneider likes to describe his corporate strategy as a movie. Reviews so far have been positive, but he does have one prominent critic. In his nearly two years as chief executive, the former health-care executive has put greater emphasis on nutrition, petcare, coffee and water while shedding ancillary business...

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      Mentions: CEO Starbucks Nestle
    11. A Former SEC Chairman Outlined the Worst Case Scenario for Elon Musk now that the SEC has Sued Him

      A Former SEC Chairman Outlined the Worst Case Scenario for Elon Musk now that the SEC has Sued Him
      • The former SEC chairman Harvey Pitt told Business Insider in August that Tesla CEO Elon Musk could be banned from serving as an officer or director of a public company after reports that the agency was investigating his comments about taking Tesla private.
      • But the SEC's lawsuit is not the only potential threat to Musk.
      • Bloomberg reported earlier this month that the Department of Justice has opened an inquiry into Tesla, which could ultimately result in a prison sentence for Musk...
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      Mentions: CEO SEC Twitter
    12. Litt Says Mack-Cali May Have Turned Away Unidentified Suitor

      Litt Says Mack-Cali May Have Turned Away Unidentified Suitor

      (Bloomberg) -- Activist investor Jonathan Litt says his hedge fund learned that a potential buyer was interested in making a fully financed bid for Mack-Cali Realty Corp. In a letter to the real estate investment trust’s board, Litt, the founder of Land & Buildings Investment Management, said the directors should consider the potential offer. Litt, saying his firm now owns more than 2 percent of Mack-Cali, didn’t identify the possible buyer in the Sept. 5 letter obtained by Bloomberg News...

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    13. State Street Global Advisors Reports Fearless Girl’s Impact: More than 300 Companies Have Added Female Directors

      State Street Global Advisors Reports Fearless Girl’s Impact: More than 300 Companies Have Added Female Directors

      BOSTON- State Street Global Advisors, the asset management business of State Street Corporation (NYSE: STT), today announced its latest impact figures for the Fearless Girl campaign, demonstrating continued progress for the firm’s gender diversity asset stewardship programs in the US, UK, Australia, Japan Canada and continental Europe...

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    14. David Solomon Said at a Private Dinner that he’s going to Follow his Own Advice as CEO of Goldman Sachs — and it Means the Board's Due for a Refresh

      David Solomon Said at a Private Dinner that he’s going to Follow his Own Advice as CEO of Goldman Sachs — and it Means the Board's Due for a Refresh
      • Incoming Goldman Sachs president David Solomon will begin reshaping the bank's board of directors in the coming months.
      • Solomon discussed his plans at a September 13 dinner hosted by Barclays and attended by some of the firm's biggest investors.
      • Solomon wouldn't be the first executive to push for board changes after taking control, a practice that's common across corporate America, even if it raises the ire of corporate governance experts...
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    15. Merck's Board Just Changed the Rules to Keep its CEO on Board After he Turns 65

      Merck's Board Just Changed the Rules to Keep its CEO on Board After he Turns 65
      • Merck CEO Kenneth Frazier plans to stay on in his role as CEO past December 2019, when he turns 65.
      • The pharma giant's board of directors had to overturn a mandatory CEO retirement policy in order for Frazier to stay on.
      • Frazier, who became CEO in 2011, gained national attention after he was the first to depart President Donald Trump now-disbanded manufacturing council...
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      Mentions: CEO Harvard retire
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