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    1. China Company Insiders Skim the Cream off Frothy Stock Market

      China Company Insiders Skim the Cream off Frothy Stock Market

      SHANGHAI (Reuters) - Senior executives of listed firms in China have stepped up the pace at which they are selling shares in their own companies, suggesting they may have doubts about whether their stock prices can go much higher. In May company insiders - senior executives or their relatives - sold a combined 1.68 billion shares, a tripling from April, and much more than in each of the previous months of this year, according to data compiled by Reuters...

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    2. Hedge Fund Billionaires Dan Loeb, Bill Ackman, and Carl Icahn Used to Fight, But Last Night they Gathered for a Historic Panel

      Hedge Fund Billionaires Dan Loeb, Bill Ackman, and Carl Icahn Used to Fight, But Last Night they Gathered for a Historic Panel

      Hedge fund titans Bill Ackman, Daniel Loeb, and Carl Icahn are all playing nice these days. The three high-profile activist investors spoke on a panel hosted by Institutional Shareholder Services (ISS) at the New York Athletic Club in Midtown Manhattan on Thursday evening. It was the first time all three of them were on a panel together. A source tells us the three fund managers all "played well in the sandbox. " The source added, "They were very polite and complimentary with one another...

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    3. Twitter's CEO Search is Pretty Much a Sham — Here's What's Really Going On

      Twitter's CEO Search is Pretty Much a Sham — Here's What's Really Going On

      Along with others, we were scratching our heads on Thursday when Twitter announced a convoluted CEO transition plan with the current CEO exiting, the company's founder returning as "interim CEO," and the board conducting a search to find the new CEO. None of the public explanations of this plan made any sense, so we asked ourselves and a source familiar with the situation what was really going on. Here's what's really going on...

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      Mentions: CEO Chairman
    4. This Chatter About Fiat Wanting to Merge with GM is a Win-Win for GM

      This Chatter About Fiat Wanting to Merge with GM is a Win-Win for GM

      This week, The Wall Street Journal reported that Fiat Chrysler CEO Sergio Marchionne was searching for investors to help him strong-arm a merger with General Motors. While this might not be the best idea for Fiat Chrysler, Citi analysts say it's good news for GM investors. "It’ll be interesting, but arguably either outcome could end up positive for GM shares," says the report...

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      Mentions: Investors CEO
    5. Now that Rupert Murdoch is out, here's the biggest question for Fox (FOXA)

      Now that Rupert Murdoch is out, here's the biggest question for Fox (FOXA)

      With Rupert Murdoch preparing to step down as CEO of 21st Century Fox, the next major question for the company is what happens to Roger Ailes, the leader of Fox News, the fantastically profitable cable network. Murdoch is handing the company to his son James and will remain as executive chairman. His other son, Lachlan, will be promoted to executive cochairman. At the same time, Chase Carey, the COO of the company also reportedly plans to leave...

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      Mentions: CEO Chairman
    6. Netflix Shareholders OK Share Increase, Company to Pursue Split

      Netflix Shareholders OK Share Increase, Company to Pursue Split

      LOS ANGELES (Reuters) - Netflix Inc shareholders on Tuesday approved a massive increase in the number of shares the company is authorized to issue, the first step toward a possible stock split. Chief Executive Reed Hastings said at the company's annual meeting that management will seek approval from the board of directors "in due course" to pursue a stock split, Netflix spokeswoman Anne Marie Squeo said...

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    7. A Perfect Example of How America Has Completely Forgotten What 'Shareholder Value' Really Means

      A Perfect Example of How America Has Completely Forgotten What 'Shareholder Value' Really Means

      After years of using the term "shareholder value" to mean everything from stock buybacks to firings of entire company boards, America has totally forgotten what it means. We now have a perfect example of how the concept has gotten out of control. Fiat Chrysler CEO Sergio Marchionne is reaching out to all the muscle he knows — the big shareholders, the activist hedge funds — to see if anyone will help him force General Motors to merge with his company...

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      Mentions: CEO SEC Chairman
    8. Almost Half of Salesforce Shareholders Voted Against CEO Marc Benioff's $39 Million Pay Package

      Almost Half of Salesforce Shareholders Voted Against CEO Marc Benioff's $39 Million Pay Package

      Salesforce's stock price is nearing an all time high, but shareholders don't seem too happy with the exorbitant pay packages its executives command. According to an SEC document filed Tuesday, nearly 47% of the total shareholders voted against Salesforce's executive compensation packages at its annual shareholders meeting held last week (the count does not include shares held by brokers who did not vote)...

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    9. Deutsche Bank Just Purged its Leadership and Appointed a New CEO

      Deutsche Bank Just Purged its Leadership and Appointed a New CEO

      FRANKFURT (Reuters) - Germany's largest lender Deutsche Bank purged its leadership on Sunday, appointing Briton John Cryan as chief executive to replaceAnshu Jain just two weeks after Jain was given more power to reorganize the bank. Deutsche Bank has struggled to restore an image tarnished by a raft of regulatory and legal problems which include probes into alleged manipulation of benchmark interest rates, mis-selling of derivatives, tax evasion and money laundering...

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      Mentions: Leadership CEO
    10. Goldman Sachs Calls Record Stock Buybacks a 'Questionable use of Cash'

      Goldman Sachs Calls Record Stock Buybacks a 'Questionable use of Cash'

      Stock buybacks have surged this year, and in April, companies announced plans to spend a record $133 billion on buying their own shares. When a company buys back its own stock — instead of using that money to invest in equipment, employees, or buying another company — it implies that companies think their shares are undervalued and that there is nothing else to do with that money...

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    11. Top Twitter Investor: Mark Zuckerberg would LOVE the opportunity to own Twitter and improve it (FB, Twtr)

      Top Twitter Investor: Mark Zuckerberg would LOVE the opportunity to own Twitter and improve it (FB, Twtr)

      Chris Sacca, one of Twitter's largest shareholders, thinks there are a lot of big companies interested in buying Twitter. Speaking with Emily Chang at Bloomberg, he said, "I think Google would love to buy Twitter. " And if Google wants Twitter, then Sacca says Mark Zuckerberg at Facebook would "not let Twitter go to Google without putting in a bid, there is just no way. " Sacca says Zuckerberg thinks Twitter is blowing it...

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      Mentions: CEO Chairman
    12. The Real Reason Celebrities Show Up to Wal-Mart's Shareholders Meeting

      The Real Reason Celebrities Show Up to Wal-Mart's Shareholders Meeting

      Reese Witherspoon stood before thousands of screaming Wal-Mart workers Friday and led a "USA" chant at the company's annual shareholders meeting. She spoke lovingly of the world's largest retailer, saying Wal-Mart is "redefining retail" and delivering "miracles" to mothers all across the country with services like click-and-collect grocery shopping. Witherspoon, who was the host of Friday's event in Fayetteville, Arkansas, wasn't paid for her appearance...

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      Mentions: Chairman
    13. Wal-Mart Elects New Chairman

      Wal-Mart Elects New Chairman

      Walton, 70, is part of Wal-Mart's founding family and has served as chairman since 1992. Wal-Mart also said it was realigning the composition of its board committees so that most of the independent directors will serve on at least two committees. Investors have been pushing hard for changes in how the world's No. 1 retailer governs itself, seeking to install an independent chairman...

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      Mentions: Investors Chairman
    14. SEC Probing Whether Activist Investors Secretly Acted Jointly

      SEC Probing Whether Activist Investors Secretly Acted Jointly

      (Reuters) - The U.S. Securities and Exchange Commission is investigating whether some activist investors secretly acted jointly to target companies, one hedge fund industry source said. The SEC's enforcement division recently opened multiple investigations and sent requests for information to a number of hedge funds, The Wall Street Journal reported earlier, citing people familiar with the matter...

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    15. ISS Recommends Google Shareholders Withhold Vote for Three Directors

      ISS Recommends Google Shareholders Withhold Vote for Three Directors

      (Reuters) - Proxy adviser Institutional Shareholder Services (ISS) has recommended that Google Inc's shareholders withhold votes for all three directors on the company's compensation committee, saying "mega grants" provided to the executive chairman and chief business officer were "problematic". Google, which holds its annual meeting later on Wednesday, awarded Executive Chairman Eric Schmidt $100 million in restricted stock units last year...

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    16. Jamie Dimon is a Billionaire (JPM)

      Jamie Dimon is a Billionaire (JPM)

      According to the Bloomberg Billionaires index, Dimon, the CEO of JPMorgan, joins his mentor Sandy Weill as one of the few banking executives to become a billionaire. Bloomberg writes that Dimon derives a bit less than half of his $1.1 billion net worth — $485 million — from his stake in JPMorgan, with the rest of his net worth coming from an investment portfolio spurred by his sale of Citigroup stock in the 1990s...

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      Mentions: Investment CEO
    17. Exclusive: Hedge Funds to Macy's: Sell Your Real Estate

      Exclusive: Hedge Funds to Macy's: Sell Your Real Estate

      NEW YORK (Reuters) - Several hedge funds have asked U.S. department store company Macy's Inc to consider options for its real estate, including selling some major sites and then leasing them back, according to several sources close to the matter. The push is in line with real estate decisions by some other major retailers that have been beneficial to their stock prices...

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      Mentions: Management CEO
    18. Dan Loeb Turned $3 Million into a $17.5 Billion Hedge Fund Empire in 20 Years — Here's His Fabulous Life

      Dan Loeb Turned $3 Million into a $17.5 Billion Hedge Fund Empire in 20 Years — Here's His Fabulous Life

      Hedge fund manager Daniel Seth Loeb founded Third Point LLC on June 1, 1995 with $3.4 million in capital. The then-33-year-old had money from only five investors—all friends and family—and his own capital. Today, the billionaire activist investor oversees around $17.5 billion in assets. Since those early days, he has made a reputation for himself as a formidable money manager. As one fund manager recently put it, "he's one of the best investors of our generation...

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    19. Here's Everything Plus500 Investors Were Angry About at Today's AGM

      Here's Everything Plus500 Investors Were Angry About at Today's AGM

      Management at troubled spreadbetting company Plus500 got blasted by investors today at the company's annual general meeting in London. The Israel-based but London-listed company froze thousands of customers' trading accounts at its UK operation last week after a review by the financial watchdog, the Financial Conduct Authority, found its anti-money laundering checks weren't up to scratch...

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    20. Global Lower Rate Environment Harmful to Investors: BlackRock CEO

      Global Lower Rate Environment Harmful to Investors: BlackRock CEO

      (Reuters) - Lowering interest rates around the world to boost the global economy has reached a point where it is now "quite harmful" to clients, including pension funds and insurers, BlackRock Inc Chairman and Chief Executive Officer Laurence Fink said on Wednesday. The "low rate environment is having a profound impact on how they're going to operate," Fink said at the Annual Bernstein Strategic Decisions Conference on Wednesday...

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    21. BlackBerry to Buy Up to 12 Million Shares for Cancellation

      BlackBerry to Buy Up to 12 Million Shares for Cancellation

      (Reuters) - Canadian smartphone maker BlackBerry Ltd said it plans to buy back 12 million shares, sending its stock up nearly 2 percent in extended trading in the United States. BlackBerry, which has not repurchased any outstanding securities in the last one year, said it would present a new employee share purchase program and propose an increase in its equity incentive plan at its annual meeting next month...

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      Mentions: Stock Market
    22. A Morgan Stanley Wealth Manager's Affair With a Client Could Cost the Bank $400 Million

      A Morgan Stanley Wealth Manager's Affair With a Client Could Cost the Bank $400 Million

      A high-flying Morgan Stanley investment adviser, Ami Forte, has the bank facing an enormous fine, a source says. The fine would be the result of a lawsuit filed against the bank by the widow of a multimillionaire client. The widow is Lynnda Speer, who was married to Roy Speer, cofounder of the Home Shopping Network. He died in 2012. Now Lynnda Speer says the bank overcharged her husband while he was alive. To complicate matters, there is this: Roy Speer and Forte were having an affair...

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      Mentions: Investment Chairman
    23. Goldman Sachs Asks Shareholders to 'like' Tech Push in San Francisco

      Goldman Sachs Asks Shareholders to 'like' Tech Push in San Francisco

      SAN FRANCISCO (Reuters) - In Goldman Sachs Group Inc's latest move to bolster its street cred as a cool, tech-savvy bank, it is holding its annual shareholder meeting in San Francisco on Thursday. Goldman has been one of the top investment banks handling mergers and IPOs for the tech sector since the dot-com boom of the 1990s. But more recently, the bank has been trying to mold itself into a tech firm of sorts, too...

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