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    1. Oil firm PDC Energy Gets Activist Challenge from Investor Kimmeridge

      Oil firm PDC Energy Gets Activist Challenge from Investor Kimmeridge

      (Reuters) - Kimmeridge Energy Management Company on Friday announced a stake in PDC Energy Inc and called on the Denver-based oil and gas producer to cut costs and return more cash to shareholders. In response, PDC Energy said it continued to focus on capital discipline and executing its operational and financial goals, and would update shareholders on its plans when it releases its 2018 earnings on Feb. 28...

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    2. Carl Icahn Says the Best Way Forward For Caesars Entertainment May Be a Sale

      Carl Icahn Says the Best Way Forward For Caesars Entertainment May Be a Sale

      Activist investor Carl Icahn has a 9.8 percent stake in Caesars Entertainment and believes the casino operator should explore a sale, according to a Securities and Exchange Commission filing released Tuesday. The filing, which confirms previous reports that Icahn has taken a stake in the company, said: "Shareholder value might be best served, and enhanced, by selling the company." Caesars shares jumped to their highs of the day after the filing. They were up 4.1 percent as of 1:04 p.m. ET...

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    3. Activist Fund Elliott Keeps up Pressure on Drinks Group Pernod

      Activist Fund Elliott Keeps up Pressure on Drinks Group Pernod

      (Reuters) - Activist investor Elliott kept up the pressure on French spirits group Pernod Ricard, welcoming this week's first-half results but calling for boardroom changes and better margins. Elliott, which has built a stake of just over 2.5 percent in Pernod Ricard, has called on the family-backed group to raise profit margins to bring them more into line with British rival Diageo...

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    4. CEOs are Opening Their Boardrooms to Hedge Fund 'White Squires' to Keep Other Activists Out

      CEOs are Opening Their Boardrooms to Hedge Fund 'White Squires' to Keep Other Activists Out

      When it comes to defending a company against an agitated investor, the devil you know may be better than the devil you don't. That's the recent mindset among corporations and investors alike when it comes to fending off potential intruders — and it's increasingly blurring the lines of how management views the role of activist investors. Case-in-point is Papa John's International...

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    5. Activist Investor Bramson Makes Bid for Barclays Board Seat

      Activist Investor Bramson Makes Bid for Barclays Board Seat

      LONDON (Reuters) - Activist investor Edward Bramson has submitted an application to join the board at Barclays, the British bank in which his fund vehicle Sherborne Investors holds a 5.1 percent stake. Sherborne invested in the lender in March 2018 with a view to making changes in its strategy and improving shareholder returns. Investors will vote at the bank's annual general meeting on May 2 on the proposal...

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    6. Elliott Says TIM Board Must Go Ahead with No Delay on Network Separation

      Elliott Says TIM Board Must Go Ahead with No Delay on Network Separation

      MILAN (Reuters) - Activist investor Elliott urged Telecom Italia's board to spin-off its fixed-line network, after Italy's telecoms regulator gave an initial thumbs-down to a Vivendi plan to create a wholly-owned subsidiary instead. AGCOM said on Sunday that the proposal drawn up by former Chief Executive Amos Genish, appointed when French media group Vivendi controlled Telecom Italia's (TIM) board, would not reduce the power TIM has got over the market...

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    7. Pernod Ricard says it is Seeking to Improve Governance

      Pernod Ricard says it is Seeking to Improve Governance

      PARIS (Reuters) - French family-backed spirits group Pernod Ricard , which is being targeted by activist investor Elliott, said it is striving to improve its governance and will communicate on future changes once they have been approved by its board. "We have not needed any external input as regards our continuous drive to seek to improve our governance," said a company spokesman to Reuters...

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    8. Last Day in the Office for Persimmon and Unilever CEOs After Year of Controversy

      Last Day in the Office for Persimmon and Unilever CEOs After Year of Controversy

      Persimmon boss Jeff Fairburn is to step down on Monday, bringing to a close a year of controversy over executive pay at the housebuilder. Last month he agreed to quit the FTSE 100 company because of the “distraction” over his controversial £75 million pay-packet, which he said was hurting his and the company’s reputation. The bumper bonus sparked outcry among politicians and shareholders, and was rejected by 48.5% of Persimmon investors in April as they vented their anger over the deal...

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      Mentions: Investors Unilever UK
    9. Barclays Rebuffs Bramson Bid for Boardroom Seat

      Barclays Rebuffs Bramson Bid for Boardroom Seat

      Barclays (LSE: BARC.L - news ) has rejected an attempt by Edward Bramson, the activist investor, to gain a seat on the board of Britain's third-biggest bank, paving the way for an escalation in hostilities between them in 2019. Sky News has learnt that Mr Bramson raised the idea of Barclays granting Sherborne Investors a board seat several weeks ago, but was told that the lender regarded the move as being inappropriate...

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    10. BT Acts on Excessive Chief Executive Pay Following Massive Revolt

      BT Acts on Excessive Chief Executive Pay Following Massive Revolt

      BT is to overhaul the way it sets executive pay after the telecoms giant suffered a revolt over outgoing boss Gavin Patterson’s bumper £2.3 million remuneration. The firm said that, following a rebellion in which 34% of investors rejected its remuneration report in July, it spent time engaging with shareholders...

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    11. Vivendi Calls for the Replacement of Five of Telecom Italia's Board Members

      Vivendi Calls for the Replacement of Five of Telecom Italia's Board Members

      PARIS/MILAN (Reuters) - French media giant Vivendi called on Friday for the replacement of five of Telecom Italia's board members put forward by U.S. activist fund Elliott, citing a "substantial lack of independence". The move is the latest twist in a months-long battle between Vivendi, which holds a stake of around 24 percent in Telecom Italia (TIM), and Elliott over how to revive Italy's biggest phone group, an underperforming business saddled with 25 billion euros (£22.48 billion) of debt...

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    12. Activist Investor Elliott Faces Hostility Over Pernod Ricard Stake

      Activist Investor Elliott Faces Hostility Over Pernod Ricard Stake

      Current and former chief executives of mining giant BHP, Dulux paints maker Akzo Nobel (Amsterdam: AKZA.AS - news ) , electronics group Samsung and the consumer goods group Nestlé will know exactly how Alexandre Ricard feels today. All have been targeted in the recent past by Elliott Advisors, the aggressive US activist investor, which on Wednesday announced it had built a stake of more than 2.5% in Pernod Ricard (TLO: RI-U.TI - news ) - the French drinks giant behind The Glenlivet scotch whisky, Jameson Irish whiskey, Ballantine's scotch whisky, Beefeater gin, Martell cognac and Kahlua liqueur - where he is chairman and......

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    13. UK: McAdam to Retire as Rentokil and United Utilities Chair

      UK:  McAdam to Retire as Rentokil and United Utilities Chair

      Two FTSE-100 companies with a combined market value of almost £11bn are kicking off the search for new chairs as John McAdam, the veteran industrialist, prepares to step down after more than a decade at the helm. Sky News has learnt that both Rentokil, the pest control and facilities management group, and United Utilities (LSE: UU.L - news ) , the water company, have begun hunting successors to Mr McAdam, who joined both companies in 2008...

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      Mentions: Management LSE NYSE
    14. Soul-Searching is in Order for Nissan's Board After Ghosn Allegations, Governance Experts Say

      Soul-Searching is in Order for Nissan's Board After Ghosn Allegations, Governance Experts Say

      Turmoil at Japan's Nissan Motor surrounding allegations of impropriety by ousted chairman Carlos Ghosn raises questions about the oversight role of the company's board of directors, corporate governance experts said this week. Ghosn, long seen as a superstar of the global auto industry, was arrested last month after allegedly under reporting compensation and misusing assets...

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    15. Japan Slides in Key Asia Corporate Governance Ranking, Ties With India

      Japan Slides in Key Asia Corporate Governance Ranking, Ties With India

      (Reuters) - Japan slid three places to seventh in a widely watched ranking of corporate governance in Asia, tying with India but languishing behind the likes of Thailand and Malaysia. The fall is part of a biennial survey by the Asian Corporate Governance Association (ACGA) and CLSA, the Asia-focused brokerage, and comes as governance in Japan is in the spotlight following the arrest last month of Nissan...

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    16. United Technologies to Announce its Intention to Separate into 3 Companies

      United Technologies to Announce its Intention to Separate into 3 Companies

      United Technologies announced late Monday that it intends to separate into three companies: United Technologies, Otis and Carrier. The company also said it has completed its acquisition of Rockwell Collins and combined that business with UTC Aerospace Systems to form Collins Aerospace Systems. That unit will be part of the United Technologies company after the split...

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    17. Fixing GE's Massive Debt Pile is 'Critical' to Corporate America, Analyst Says

      Fixing GE's Massive Debt Pile is 'Critical' to Corporate America, Analyst Says

      How General Electric (GE) resolves its debt problem will be "critical" to the wider Investment Grade (IG) market, an analyst said Monday. The General Electric Company has witnessed an exodus of investment from both its equity stock and corporate debt as its future has been called into question. The U.S. behemoth has piled on the debt in recent years as it looked to buy companies, pay off its pension deficit and buy back shares...

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    18. Bernie Sanders Targets Walmart: Bill Would Block Stock Buybacks Unless Workers Get $15 Minimum Wage

      Bernie Sanders Targets Walmart: Bill Would Block Stock Buybacks Unless Workers Get $15 Minimum Wage

      In his latest broadside against big business, Sen. Bernie Sanders, I-Vt., is introducing a bill Thursday that would prevent large companies from buying back stock unless their employees are paid at least $15 an hour. The proposal is aimed squarely at the nation's largest bricks-and-mortar retailer: Walmart, which announced earnings Thursday that beat analysts' expectations though revenue missed forecasts...

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      Mentions: Amazon Walmart Disney
    19. UK: Shake-up Aims to Give Workers More Power in the Boardroom

      UK:  Shake-up Aims to Give Workers More Power in the Boardroom

      Lucy Burton The Prime Minister used a keynote speech in 2016 to pledge that employees will join directors in boardrooms and be given a say in how businesses operate. - AP More Britain’s bosses must prove that they have listened to workers’ views under a long-awaited package of reforms aimed at rebuilding trust in UK business...

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