“Pharma Bro” Martin Shkreli just got out of prison, but the battle over his scandal-scarred company is still raging. Last June, a group of activist investors seeking to wrest control of Shkreli’s pharmaceutical firm Turing failed — with the 39-year-old fraudster voting his shares from prison...

Goldman Sachs’ plan to pay a $30 million one-time bonus to Chief Executive David Solomon and a $20 million bonus to Chief Operating Officer John Waldron is “excessive,” proxy adviser Glass Lewis argued Friday. The shareholder advisory firm told Goldman GS, +2.30% shareholders they should vote against the executive pay package that contains the one-time gift bonuses...

Last month, it turned down a $17 billion takeover offer from a consortium of private equity investors, saying the deal undervalued the company. Later in the month, unhappy investors rejected the company’s $4.1 billion acquisition offer for the parent company of SurveyMonkey, Momentive. That’s a lot of turbulence...

Embracing diversity is good for business. More diverse companies, both at board level and throughout the workforce, can outperform on financial metrics such as return on equity and higher earnings per share. They can also generate higher returns compared to their indices, according to GS Sustain 2020. Moreover, embracing diversity is...

As the world continues to deal with the COVID-19 pandemic and the simultaneous economic evolution taking place, the dynamic labor market presents a wide array of risks and opportunities for any corporation. Many companies are accelerating the sophistication of their workforce strategies in order to survive the Great Resignation...

Disney CEO Bob Chapek saw his total compensation more than double in fiscal 2021 compared with 2020, to $32.5 million, according to a new SEC filing. The longtime Disney exec is about to enter the third and final year of his current contract as CEO. He took over for Bob Iger, who segued to a stint as executive chairman before wrapping up his four-decade run at Disney and ABC at the end of last month. Chapek’s pay puts him significantly below the level of many other media executives...

A few months after I graduated from Stanford’s business school in 2013, Theranos was generating buzz on campus—and not all of it was good. One evening, I found myself in a dinner party conversation with a group of some of the university’s brightest scientific minds...

WASHINGTON (Reuters) - The U.S. Securities and Exchange Commission (SEC) on Wednesday voted in favor of allowing investors who vote by proxy more freedom to choose their candidates during contested corporate board elections, as the agency’s Democratic leadership seeks to bolster the voting rights of shareholders...

(Reuters) - Exxon Mobil Corp board is debating whether to continue with several major oil and gas projects amid a global push from investors for fossil fuel companies to be more cost-conscious and green-energy friendly, WSJ reported on Wednesday. Activist investor Engine No. 1 in May shocked the oil-and-gas industry when three of its four nominees were elected to the board by Exxon shareholders, who were frustrated by weak returns and the company’s flagging attention to climate concerns...

Oct 5 (Reuters) - Carl Icahn holds a significant stake in Southwest Gas Holdings Inc (SWX.N) and is pushing the gas distribution company to abandon a potential acquisition and instead focus on improving its share price, a letter from the activist investor detailed on Tuesday. Southwest Gas has agreed to acquire Questar Pipeline Co, a gas transportation and storage business owned by Dominion Energy Inc (D.N), in an all-cash transaction...

A Manhattan federal judge has ruled that an activist investor can be sued for allegedly making false statements in a heated proxy fight that got two of its nominees elected to a firm’s board of directors. The decision, attorneys for plaintiff Enzo Biochem Inc. said, would give public companies a...

(Reuters) - Earlier this year, some of Mallinckrodt's creditors balked at the prospect of rewarding top executives of the bankrupt pharmaceutical company with bonuses when management was facing accusations of misconduct. But their complaints didn't persuade the judge overseeing the case, who ruled that the 12 executives could collect about $30 million in performance bonuses if they met certain goals...

Chief executives are being warned to “think twice before they tweet” after the boss of takeaway company Just Eat Takeaway was told his Twitter spat with Uber threatened to undermine the firm’s reputation. Jitse Groen this week became the latest in a growing list of chief executives to be rebuked by customers, investors and even regulators over ill-judged tweets...

Facebook spent more than $25 million on CEO Mark Zuckerberg in 2020. He collected a salary of $1. More than $23.4 million of that amount was for personal security for Zuckerberg and his family. The combined security for ten other top tech execs, including Sheryl Sandberg, was $23.3 million. See more stories on Insider's business page . Facebook spent more than $23.4 million on security costs for CEO Mark Zuckerberg in 2020, according to the company's annual executive compensation report ...

BP shareholders have voted down proposals for tougher emissions targets, which aims to limit global warming to well below 2C compared to pre-industrial levels. Eighty per cent voted against the measure, which wanted the oil giant to set short-and long-term targets on emissions and its use of energy products. The board had urged shareholders to vote against the proposals, which were put forward by Follow This, an activist investor...

An American lawyer on trial in Japan on charges related to reporting of former Nissan Chairman Carlos Ghosn’s compensation asserted his innocence Wednesday, testifying he acted legally and in Nissan's best interests. Greg Kelly, a former executive vice president at Nissan Motor Co., told the Tokyo District Court he was worried Ghosn might job-hop after taking a big pay cut in 2010, when Japan began requiring disclosures of high executive pay...

(Reuters) - Activist investor Elliott Management has a stake in Duke Energy Corp and is pushing the U.S. utility company to add directors to its board, the Wall Street Journal reported on Monday, citing people familiar with the matter. Hedge fund Elliott may also urge Duke Energy to sell some assets or make operational improvements to boost its stock price, the report said. (on.wsj.com/2RB2qcV) Elliott and Duke Energy did not immediately respond to Reuters requests for comment...

Roughly 57% of investor votes cast backed healthcare company Johnson & Johnson's (JNJ.N) executive pay for 2020, a low level of support for a proposal most shareholders usually rubberstamp..

ZURICH (Reuters) - Credit Suisse on Tuesday said it was replacing senior managers and reducing proposals for its 2020 dividend and executive compensation as it grapples with the estimated 4.4 billion Swiss franc ($4.69 billion) fallout from its relationship with Archegos Capital Management LP. Chief Risk Officer Lara Warner and investment banking head Brian Chin will both leave the bank in April, Switzerland’s second largest lender said...

(Reuters) - The activist investor leading a proxy fight to reshape Exxon Mobil Corp on Monday named the four directors it wants shareholders to remove at the oil company's upcoming annual general meeting. The investor, Engine No. 1, is a small fund that last year took on the top U.S....

Kohl’s Corp. has issued a statement in response to an activist investor group’s attempt to nominate five directors to its 12-member board. In an announcement this afternoon, the retailer said the nominees put forth by the group — composed of Macellum Advisors GP LLC, Ancora Holdings Inc., Legion Partners Asset Management LLC and 4010 Capital LLC — lack “critical relevant experience” and “meaningful digital experience.” It added that its own directors “outmatch” the investors’ slate of nominees...