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    1. Bill Ackman's Gains for the Year Got Wiped Out in a Matter of Weeks

      Bill Ackman's Gains for the Year Got Wiped Out in a Matter of Weeks

      Pershing Square Holdings, the $7.4 billion publicly-traded vehicle led by Bill Ackman, has erased all of its gains in a matter of weeks and is now down for the year. Ackman said in  an investor update : "However there has been significant volatility in the investment markets over the past few weeks, largely driven by the decline of the Chinese stock markets, and the fear that slowing growth in ...

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      Mentions: Investment
    2. Google Turns a Page With New Alphabet Parent

      Google Turns a Page With New Alphabet Parent

      Washington (AFP) - The surprise reorganization of Google under newly formed parent Alphabet gives the tech giant the ability to focus on its core business, while offering startup-like flexibility to its other projects. The announcement Monday of the new corporate structure was generally welcomed in Silicon Valley and on Wall Street, where Google shares shot up some 3.6 percent in early trade on the news...

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    3. Disclosing CEO-Worker Pay Gaps Makes No Sense for Wall Street Banks

      Disclosing CEO-Worker Pay Gaps Makes No Sense for Wall Street Banks

      The Securities and Exchange Commission this week adopted a new rule requiring public companies to disclose how much money CEOs earn in comparison to typical employees. Part of the Dodd-Frank financial reform act, the rule has been applauded by many, including The New York Times editorial board. The Times said the requirement could help shareholders make decisions on company performance based on things like morale and turnover...

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    4. Apple Spends $700,000 a Year to Keep Tim Cook Safe

      Apple Spends $700,000 a Year to Keep Tim Cook Safe

      Patently Apple pulled the figure from Apple's Schedule 14A report with the US Securities and Exchange Commission. In full, the report stated (emphasis our own): "This amount represents: (i) the Company's contributions to Mr. Cook's account under its 401(k) plan in the amount of $15,600; (ii) Company-paid term life insurance premiums in the amount of $2,520; (iii) vacation cash-out in the amount of $56,923; and (iv) security expenses in the amount of $699,133...

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      Mentions: stock options CEO
    5. Perrigo CEO Says No Easy Path for Mylan to Acquire Company

      Perrigo CEO Says No Easy Path for Mylan to Acquire Company

      (Reuters) - Perrigo Co Plc on Wednesday made a fresh case for rejecting a $34 billion offer from generic drugmaker Mylan NV and said Mylan's recent share price plunge reinforces Perrigo's intention to remain independent. Perrigo Chief Executive Joseph Papa, in his first comments on the unsolicited acquisition attempt since Israel's Teva Pharmaceutical Industries dropped its pursuit of Mylan in favor of another deal, reiterated that the $205 per share offer substantially undervalues Perrigo...

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      Mentions: acquisition CEO
    6. Analyst Implores Twitter to Hire a Permanent CEO Already

      Analyst Implores Twitter to Hire a Permanent CEO Already

      Memo to Twitter’s board: stop dragging your feet on finding a new CEO. That’s the message from SunTrust analyst Robert Peck, who says the Internet company needs to fill the vacant CEO office quickly if it hopes to win back investors’ favor and avoid more disruption to its business. Twitter’s stock has taken a beating in recent days, following an earnings conference call in which it acknowledged that user growth is stuck in a rut and the news of several high level employees jumping ship...

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      Mentions: CEO
    7. Top Wall Street Analyst Goes Off on BAI CEO Plan

      Top Wall Street Analyst Goes Off on BAI CEO Plan

      Bank of America is pitching a shareholder vote on combining the chief executive and chairman post. Mike Mayo, a banks analyst with CLSA and a leading voice on Wall Street, hates the idea. The bank elected chief executive Brian Moynihan as chairman in October last year. Investors expressed concerns over the move, and in May the bank agreed to let investors vote on the appointment...

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    8. Rising Profits at Big U.S. Banks Boost Executive Pay

      Rising Profits at Big U.S. Banks Boost Executive Pay

      (Reuters) - Top executives at big U.S. banks received fatter paychecks last year as profits rose, brokerage Keefe, Bruyette & Woods (KBW) said on Monday. Compensation for top executives rose 26 percent at these banks as reported earnings increased 2.6 percent on average on a per-share basis, KBW said, adding that the pay rise was consistent with the increase in profits...

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      Mentions: stock options
    9. We're Not the 'Corporate Raiders' of The 1980s

      We're Not the 'Corporate Raiders' of The 1980s

      Hedge fund manager Daniel Loeb, the founder of Third Point LLC, has hit back at the those taking aim at activist investing. Loeb, one of the most prominent activist investors of his generation, defended the strategy in his second quarter letter to investors. The strategy has generated bumper returns for investors over the years, but has recently faced criticism from the likes of Blackrock chief executive Larry Fink and Democratic presidential candidate Hillary Clinton...

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    10. 5 Things The Most Successful Executives Never Do

      5 Things The Most Successful Executives Never Do

      Every executive has his or her own style of leadership, and every executive has learned lessons about what works best for a company. But some behaviors will never result in success, no matter how many times you repeat them. Here are five things you should never do if you want to be an effective executive today. We've all shaken our heads at CEOs who fail to confront a problem and stick their heads in the sand...

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      Mentions: Leadership CEO
    11. Now Deutsche Bank is Freezing Executive Bonuses

      Now Deutsche Bank is Freezing Executive Bonuses

      Deutsche Bank is planning to freeze bonuses for all management board members, reports Reuters' Kathrin Jones. The freeze is reportedly being enacted while a German regulator investigates the bank's role in the "Libor" interest rage rigging scandal. Deutsche Bank in April reached a $2.5 billion settlement over accusations that it helped rig the London Interbank Offered Rate, a benchmark interest rate used around the world and calculated based on the interest rates set by all the major banks in London. On Thursday, The Wall Street Journal reported that Deutsche Bank had lost records of internal chat conversations that ...

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      Mentions: Management CEO
    12. There's a Billionaire Hedge Fund Manager in the New Google CFO's Wall Street Fanclub

      There's a Billionaire Hedge Fund Manager in the New Google CFO's Wall Street Fanclub

      Billionaire hedge fund manager Leon Cooperman, the founder of $10 billion Omega Advisors, is super bullish on Google and its new CFO. The 72-year-old investor said in his fund's second-quarter letter that he snapped up a position in the tech giant in mid-April. He bought in when Google was trading at $602 per share. They're currently trading above $655, which represents a return of almost 9% in a little over three months...

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      Mentions: Hedge Fund
    13. Hubspot Just Fired a Top Exec Over a Scandal Involving an Upcoming Book About the Company

      Hubspot Just Fired a Top Exec Over a Scandal Involving an Upcoming Book About the Company

      Two top executives are gone from HubSpot after several of the company's top executives became embroiled in a book scandal. HubSpot fired Mike Volpe, its chief marketing officer, after he violated the company's code of ethics, according to a press release from the inbound-marketing company. Volpe was let go "in connection with attempts to procure a draft manuscript of a book involving the Company," the statement said. Former VP of marketing Kipp Bodnar will be taking over as CMO, replacing Volpe...

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      Mentions: Ethics CEO SunTrust
    14. Toshiba is Cutting the Pay of its Interim CEO by 90% Over the Company's Accounting Scandal

      Toshiba is Cutting the Pay of its Interim CEO by 90% Over the Company's Accounting Scandal

      TOKYO (Reuters) - Toshiba Corp said it would slash its interim chief executive's monthly salary for the next two months by 90 percent, including previously announced cuts, following revelations of improper accounting at the Japanese conglomerate. The company said on Wednesday it would reduce Masashi Muromachi's monthly salary by 50 percent on top of the 40 percent cut already in place...

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      Mentions: CEO
    15. CEO of Cloud Computing Company Citrix is Out and He's Giving his Board Seat to an Activist Investor

      CEO of Cloud Computing Company Citrix is Out and He's Giving his Board Seat to an Activist Investor

      (Reuters) - Cloud-computing company Citrix Systems Inc said Chief Executive Mark Templeton would retire and separately said it had agreed to give activist investor Elliott Management a board seat. The company's shares rose 3.7 percent to $72.21 in trading after the bell on Tuesday. Elliott, whose affiliated funds own about 7.5 percent of Citrix's stock, has agreed to customary standstill, voting and other provisions for at least a year, Citrix said...

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    16. Proctor & Gamble Has Found its Next CEO

      Proctor & Gamble Has Found its Next CEO

      (Reuters) - Procter & Gamble Co will replace Chief Executive A.G. Lafley with company veteran David Taylor in a widely expected appointment that could be announced as soon as Thursday, the Wall Street journal reported. The move by P&G, the world's largest household products maker, is pending a board meeting scheduled for Tuesday, the WSJ said, citing a person familiar with the matter...

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      Mentions: CEO
    17. Cisco's John Chambers Spent His Last Month as CEO Flying Around Europe Warning That 40% of Companies Will Die

      Cisco's John Chambers Spent His Last Month as CEO Flying Around Europe Warning That 40% of Companies Will Die

      On Monday, Cisco's 20-year CEO John Chambers officially retires from the corner office to become executive chairman. He keeps saying that he's not going to be secretly still running the company (though many people inside Cisco don't fully believe that, yet). His role, he says, will be "wing man" to new CEO Chuck Robbins. It appears Chambers means that quite literally...

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      Mentions: CEO SunTrust
    18. AT&T Just Got the Green Light to Buy DirecTV in $48.5 Billion Deal

      AT&T Just Got the Green Light to Buy DirecTV in $48.5 Billion Deal

      WASHINGTON (Reuters) - AT&T's proposed $48.5 billion purchase of DirecTV has cleared its final regulatory hurdle as the U.S. Federal Communications Commission voted on Thursday to approve the merger, according to people familiar with the votes. At least three of the five FCC commissioners have voted in favor of the deal with conditions, according to the sources, who spoke anonymously because the votes have not yet been made public...

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      Mentions: SunTrust
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