(Reuters) - Tesla Inc’s (TSLA.O) handling of Chief Executive Elon Musk's proposal to take the carmaker private and its failure to promptly file a formal disclosure has raised governance concerns and sparked questions about how companies use social media...
Elon Musk’s surprising buyout idea for Tesla puts the spotlight on its board members, most of whom have close business or personal relationships with the electric-car company’s leader...
Tesla shares went on a wild ride Tuesday after CEO Elon Musk said on Twitter that he was hoping to privatize the company at $420 a share. At that price, the market value of Tesla would be about $71 billion...
I am going to take a deep dive into Glencore Plc’s ( LON:GLEN ) most recent ownership structure, not a frequent subject of discussion among individual investors. Ownership structure has been found to have an impact on shareholder returns in both short- and long-term. Since the same amount of capital coming from an activist institution and a passive mutual fund has different implications on corporate governance, it is a useful exercise to deconstruct GLEN’s shareholder registry...
PepsiCo described its leadership change as part of a long-term strategy to navigate industry upheaval, such as consumer shifts away from sugary drinks and packaged foods...
Darden Restaurants is a lesson to managers. Stay focused on creating shareholder wealth...
I do a lot of speaking to professionals, including lawyers, about demystifying board service. No matter how often I speak, the same questions often come up. One of the most common is: “Is serving on a nonprofit board a good way to start a for-profit board journey?” The short answer is: “Maybe.” Depending on how well the board is run, what you do there, and who else serves with you, serving on a nonprofit board may be a great jumping-off point for your for-profit board service. But there are two reasons I am always ...
Many are broadening their focus to include corporate governance , invoking investing's fundamental tenant — diversification — as one measure of a ...
Almost three decades ago, the Texan oilman T. Boone Pickens attempted to charge into a Japanese boardroom. He had accumulated around one-third of the company – worth almost $1 billion at the time – yet a seat at the table eluded him. There was nothing to force the directors to accept him...
Recently, the Senate Committee on Banking, Housing and Urban Affairs held a hearing on various legislative proposals aimed at improving corporate governance, including the Corporate Governance Reform and Transparency Act, H.R. 4015, that would regulate the activities of proxy advisory firms like Institutional Shareholder Services (ISS) and Glass Lewis...
CBS Corp. takes the prize this year for most dysfunctional corporate governance. It’s lucky the disarray isn’t showing up in its business operations — well, not yet.
The $20 billion media company is mired in a bitter legal battle against its controlling shareholder, Shari Redstone, a situation that has turned nasty, with both sides trading jabs and accusations in recent months...
Where we're headed: Campbell shares are higher today, on hopes that activist investor Third Point will push for more changes....
It is hard not to wonder if this crisis is news to the board. Did they really not know or suspect anything? If they didn’t, why not?
P&G's quarter was far from clean. So the question now is, do the mixed results give activist investor and board member Nelson Peltz more firepower to drive changes?...
In the early 2000s, a Fortune 500 company arranged a dream team board of directors that included several oil and gas company executives, a former General Electric exec, a Stanford professor and even a former member of Britain's House of Lords...
Now that’s how to answer an activist investor. Nestle SA, under pressure from Dan Loeb’s Third Point, on Thursday reported first-half sales growth that beat analysts’ expectations...
The deal would create a company with unmatched breadth in intellectual property for wireless communications and interconnects, security, microcontrollers and processors, and sensors – the critical components of the Internet of Things (IoT)...
Phil Gramm and Mike Solon’s “Keep Politics Out of the Boardroom” (op-ed, July 19) criticizing the role of large index managers misrepresents State Street Global Advisors’ core investment mission. We engage with companies not to force arbitrary political or social “values” on them, but rather to promote long-term value for millions of investors saving for the future in a world that has become increasingly obsessed with the short term...
Britain’s accounting watchdog is in the strange position of updating the country’s corporate governance code while simultaneously fighting for its life.The Financial Reporting Council is reeling from the collapse of Carillion Plc earlier this year. The construction firm’s demise exposed a host of governance failings: auditors missed red flags in the accounts, the board failed to challenge management, and investors waved through fat pay packets and juicy dividends...
Discussing information security with your board of directors can be a challenge all its own...
As the share of all income going to the top 1 percent has risen over the past four decades, so has the share of top incomes coming from labor income relative to capital income. The rise in labor income is mainly due to the explosion in executive compensation over the same period—mostly because of the increase in executives being paid with stocks, options, and bonuses...
Elon Musk has come to his senses and apologised for his ugly and baseless slur against a British cave explorer who played a key role in the rescue in Thailand. The Tesla founder couldn’t resist taking a final dig at Vernon Unsworth – he said the diver had told “several untruths and suggested I engage in a sexual act with the mini [submarine]” – but at least Musk acknowledged he has nobody to blame but himself. “The fault is mine and mine alone,” he said in a tweet...
... GE's long and steep decline, where was the company's board of directors ? ... GE's board had another major structural defect: It lacked a finance ...
