A Delaware judge has sided with Elon Musk in a hefty lawsuit brought by Tesla shareholders, which accused the executive of coercing the electric vehicle company’s board into buying SolarCity back in 2016...
The war between Box’s current leadership and activist shareholder Starboard took a new turn today with a detailed timeline outlining the two groups’ relationship, thanks to an SEC filing and companion press release . Box is pushing back against a slate of board candidates put forth by Starboard, which wants to shake up the company’s leadership and sell it...
“Your board will never be the same.” With that prediction, Nigel Travis, board director and former CEO of Dunkin’ and Papa John’s, kicked off a recent discussion about the future of corporate governance with chief executives and current and aspiring board members...
When we leaked Palantir's S-1 IPO filing a week and a half ago, one of the more bizarre components that came out of that document was the company's corporate governance...
Uber has a new, independent board member, shows a new SEC filing: CEO Revathi Advaithi of 51-year-old Flex, which is among the world’s largest electronic manufacturers and competes against Taiwan’s Foxconn Technology...
The online publishing platform Medium said that it has added former San Francisco 49ers quarterback and civil rights advocate Colin Kaepernick to its board of directors...
Half a year after Devin Wenig stepped down as CEO, eBay is finally ready to name a permanent replacement. Following an appointment from the company’s board of directors, Jamie Iannone will step into the role as head of the company...
When activist investors Starboard Value took a 7.5% stake in Boxlast September, there was reasonable speculation that it would begin to try and push an agenda, as activist investors tend to do. While the firm has been quiet to this point, today Box announced that Starboard was adding three members to the 9 member Box board...
Pinterest is bringing on a new board member. The company announced today it’s appointed Gokul Rajaram, Caviar Lead at soon-to-go-public DoorDash to its Board of Directors and as a member of its Nominating and Corporate Governance Committee...
Workplace collaboration software business Slack (NYSE: WORK) has added Sheila Jordan, a senior vice president and chief information officer of Symantec, as an independent member of its board of directors. The hiring comes three months after the business completed a direct listing on the New York Stock Exchange...
Ask any venture capitalist about the most important ingredient to success in startups, and they’ll tell you it centers on founders who can persuade not only investors to part with some of their capital but, more important, who can convince people to leave what are often more stable jobs in order to build a company from scratch. Ryan Cohen certainly fits the description.
California is moving toward becoming the first state to require companies to have women on their boards –assuming the idea could survive a likely court challenge. Sparked by debates around fair pay, sexual harassment and workplace culture, two female state senators are spearheading a bill to promote greater gender representation in corporate decision-making...
Zozi fired its CEO earlier this year, but employees were only just informed of this fact last week, when the ousted CEO – who hadn’t been in the office for months – crashed an emergency Town Hall meeting scheduled the day after the company announced a series of layoffs, affecting nearly 40 percent of staff...
Andreessen in hot water for texts he sent Zuckerberg Posted Nintendo will pay you up to $20,000 to hack the 3DS Facebook’s board was sued earlier this year, with investors alleging that their interests were not adequately represented when Zuckerberg was permitted to sell most of his shares and still retain voting control of the company...
Harry Stebbings Crunch Network Contributor Harry Stebbings is the founder and host of The Twenty Minute VC , an independent podcast focused on venture capital...
These principles guide our proxy voting, which is one of the most important tasks we undertake as a long-term shareholder in support of our fiduciary duty to our members," said CalSTRS Director of Corporate Governance Anne Sheehan. "This action reflects how important board diversity, structure and overall effectiveness are to good corporate governance, which in turn is the keystone to long-term, healthy corporate performance."....
With the incessant talk about unicorns, it’s easy to lose sight of the opposite end of the investment funnel. What feeds the industry is not unicorns, but first venture round companies ...
The silver lining of Google’s diversity efforts Posted 13 TechCrunch stories you don’t want to miss this week Google has had big week around diversity. The company gifted a $2.8 million office space inside its New York City building to Black Girls Code, appointed Roger Ferguson, an African-American finance executive, to its board of directors and released its latest diversity report...
Technology companies, particularly those with an enterprise bent, appear to be coming under increasing pressure from activist investors who want to squeeze out profits at the cost of products and jobs. Last year EMC pressed by an activist investor eventually sold the company to Dell for $67 billion. Citrix is the latest company facing this issue –and from the same investor as it…
When the news broke in early October that Dell was planning on buying EMC for a whopping $67 billion, more than a few jaws dropped (including mine), but in the weeks since, reports have surfaced about multiple problems from tax issues to VMware’s plunging stock price and the post-deal creation of Virtustream. It’s too soon to say the deal is in jeopardy, but there are enough…
Mozilla’s leadership team has seen its fair share of changes recently and today the organization named Katharina Borchert as its new Chief Innovation Officer (a role once held by Mozilla’s current CEO Chris Beard). Borchert will start her new job in January. Most recently, Borchert was the CEO of Spiegel Online, the online arm of Germany’s influential Spiegel magazine, as…
It’s been a very busy few months for Timehop. The app, which provides users with a personal “today in history” memo by surfacing their photos and social networking posts from this day one year ago or more, is closing out the year with more than 12 million registered users, half of whom, some 6 million, open the app every single day. That’s double the number of both…
Investor and Silicon Valley kingpin Marc Andreessen is stepping down from eBay's board of directors after a six year tenure. Andreessen announced the move on Twitter — as he often does — noting that it had been “an absolute privilege” to work with eBay ...
With the birth of the new feminist narrative sweeping popular culture, it is bound to enter its awkward teenage phase. And just like a teenage mean girl, the new feminism is growing unwieldy before gracefully settling into something we can agree on. But before it makes it there, I hope it doesn’t tear us all down in the process. A few weeks ago at the TechCrunch Disrupt Hackathon in… Read More