1. Articles in category: BoardNews

    73-96 of 8619 « 1 2 3 4 5 6 7 ... 358 359 360 »
    1. PepsiCo CFO Says the Company is Unlikely Breaking Up Under New CEO

      PepsiCo CFO Says the Company is Unlikely Breaking Up Under New CEO

      Don’t expect PepsiCo’s new CEO to completely dismantle the food and beverage empire that outgoing chief Indra Nooyi helped build. A major shakeup — usually focused on aggressive cost-cutting to boost profits quickly — is often a common maneuver taken by new CEOs. And with PepsiCo’s ( PEP ) stock down about 6% year to date, changes targeted to saving more money would likely be well-received by investors...

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    2. Jerry Brown's Gender-Quotas Bill Faces Legal Hurdles

      Jerry Brown's Gender-Quotas Bill Faces Legal Hurdles

      Gov. Jerry Brown signed legislation Sunday making California the first state to impose gender quotas on corporate boards, but even he acknowledged that the hotly disputed law may never take effect. Senate Bill 826 is expected to be challenged immediately on equal-protection grounds for setting up a quota system that will force publicly held companies to bring on corporate directors based solely on their gender...

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    3. Azealia Banks Reveals Why She Thinks Elon Musk was Right to Settle with the SEC and Who Tesla Should Tap as its New Chairman

      Azealia Banks Reveals Why She Thinks Elon Musk was Right to Settle with the SEC and Who Tesla Should Tap as its New Chairman
      • Azealia Banks tells Business Insider that she is "proud" of Elon Musk's decision to settle with the SEC, paying a $20 million fine and agreeing to step down as chairman.
      • Many theorized that Banks would have testified in the SEC investigation, had Musk not settled, and the rapper said she had already been planning courtroom outfits.
      • "I would have walked up in that courtroom looking like a pussycat," Banks said...
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      Mentions: CEO SEC Alphabet
    4. 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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    5. 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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    6. 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
    7. 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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    8. 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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    9. 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
    10. 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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    11. 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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    12. 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
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