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    1. Exclusive: Eastman Kodak Top Executive Got Trump Deal Windfall On An 'understanding'

      Exclusive: Eastman Kodak Top Executive Got Trump Deal Windfall On An 'understanding'

      (Reuters) - Eastman Kodak Co on Monday granted its executive chairman options for 1.75 million shares as the result of what a person familiar with the arrangement described as an "understanding" with its board that had previously neither been listed in his employment contract nor made public...

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    2. How Moderna Execs are Cashing in on COVID-19 Vaccine Stock Speculation

      How Moderna Execs are Cashing in on COVID-19 Vaccine Stock Speculation

      (Reuters) - Biotech firm Moderna Inc could reap tens of billions of dollars in sales and stock appreciation if it wins the race for a COVID-19 vaccine. If it loses, the early-stage company’s value could crash. In the meantime, the firm’s chief executive is pocketing millions of dollars every month by selling shares that have tripled in price on news of Moderna’s development progress, a Reuters analysis of corporate filings shows...

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    3. Tesla Becomes World's Most Valuable Carmaker Without Making a Profit

      Tesla Becomes World's Most Valuable Carmaker Without Making a Profit

      Tesla becomes world's most valuable carmaker without making a profit Rob Davies More Tesla has overhauled Japanese rival Toyota to become the world’s most valuable automotive company. Despite never having made a profit, the billionaire Elon Musk’s electric car manufacturer has been tipped by some pundits to achieve a valuation of more than $1tn (£800bn) as demand for electric vehicles soars...

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      Mentions: Twitter Tesla Nasdaq
    4. Nissan Boss Quits as Carlos Ghosn Pay Scandal Deepens

      Nissan Boss Quits as Carlos Ghosn Pay Scandal Deepens

      The boss of Nissan , Hiroto Saikawa, has quit after admitting he received dubious income, broadening a scandal that led to the arrest of his predecessor Carlos Ghosn last year on charges of financial misconduct. Nissan’s board said on Monday it has accepted Mr Saikawa’s resignation following allegations that he had been improperly overpaid by tens of millions of yen (hundreds of thousands of pounds)...

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    5. Passport Maker De La Rue Replaces Chairman After Activist Pressure

      Passport Maker De La Rue Replaces Chairman After Activist Pressure

      Passport and bank-note maker De La Rue has appointed a new chairman as it looks to steady the ship following activist pressure. It has announced that Kevin Loosemore will join the company from FTSE 100 firm Micro Focus, taking over from Philip Rogerson who will leave the firm after seven years. The departure of Mr Rogerson follows attacks from activist investor Crystal Amber, which said he had “overseen the destruction” of shareholder value in a July statement...

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    6. BlackRock Takes Aim at CEOs Serving on Other Companies' Boards

      BlackRock Takes Aim at CEOs Serving on Other Companies' Boards

      NEW YORK (Reuters) - BlackRock Inc is stepping up opposition to U.S. CEOs who sit on more than one corporate board beside their own, arguing that working as a director takes increasingly more time, a report from the world's largest asset manager showed on Tuesday. BlackRock cast votes against 94 chief executives running for re-election to corporate boards outside of their own in this year's proxy season, up from 32 last year, according to the report...

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    7. Is US Capitalism Really Abandoning the 'Greed is Good' Mantra?

      Is US Capitalism Really Abandoning the 'Greed is Good' Mantra?

      Milton Friedman will be spinning in his grave at the heresy perpetrated by the US Business Roundtable. For the thick end of five decades US capitalism has been run along Friedmanite lines – namely that businesses are there to make money for their shareholders. No charitable giving, no diversity awareness. No green audits. Just making money. Period. Now some of the highest paid on the planet have appeared to ditch the idea of shareholder primacy...

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    8. Clariant CEO Exits Abruptly, Renewing Turmoil at Swiss Group

      Clariant CEO Exits Abruptly, Renewing Turmoil at Swiss Group

      ZURICH (Reuters) - Ernesto Occhiello had three tasks when he became Clariant's boss last September: restore calm after an activist investor uprising, oversee a tie-up with Saudi Basic Industries <2010.SE> and keep the peace with Chairman Hariolf Kottmann. Just 10 months later, Occhiello has quit as chief executive "for personal reasons with immediate effect", the specialty chemicals maker said on Wednesday, raising speculation the Italian failed on at least one of those fronts...

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    9. Bramson Bids Goodbye to Electra, Sherborne's Welker to Join Board

      Bramson Bids Goodbye to Electra, Sherborne's Welker to Join Board

      LONDON (Reuters) - Activist investor Edward Bramson is resigning from the board of Electra to focus on other commitments after leading a four-year transformation of the British private equity firm. Bramson, who has served as a director since 2015, was also the company's Chief Executive between 2016 and 2017, and was chiefly responsible for a sweeping overhaul of the firm's investment portfolio and governance...

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    10. Lloyds Boss a ‘Winner’ who Deserves his Pay Deal, Says Top Bank Executive

      Lloyds Boss a ‘Winner’ who Deserves his Pay Deal, Says Top Bank Executive

      A top executive at Lloyds Banking Group has claimed chief executive Antonio Horta-Osorio is a “winner” with “charisma” who deserves his controversial pension perks and pay deal. Stuart Sinclair, chair of the remuneration committee at Lloyds, told MPs that staff at the bank did not resent Mr Horta-Osorio’s pay deal, which last year saw him pick up a £6.27 million pay package and included a pension contribution of 33%. This compares with an average employee pension contribution of 13%...

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    11. Activist investor hedge fund buys stake in Ferguson

      Activist investor hedge fund buys stake in Ferguson

      A hedge fund run by veteran activist investor Nelson Peltz has bought a 6% stake worth around £736 million in plumbing group Ferguson. Trian said it believed Ferguson – previously called Wolseley – was “an attractive business that trades at a discount to comparable US peers” as it snapped up the holding. It added it has been in contact with Ferguson management and “looks forward to working with them to explore and implement initiatives that it believes can create long-term shareholder value”.

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    12. Tesco under fire over chief Dave Lewis’s ‘excessive’ £4.6m pay packet

      Tesco under fire over chief Dave Lewis’s ‘excessive’ £4.6m pay packet

      Tesco has come under fire for handing “excessive” pay to top boss Dave Lewis ahead of its annual meeting by an influential shareholder lobby group. Last month it was announced that Dave Lewis picked up a £4.6 million pay packet, months after 9,000 jobs were put at risk at the retail giant. Mr Lewis earned a £1.6 million bonus, on top of his £1.25 million base salary and £1.3 million through the company’s long-term share plans, Tesco’s annual report revealed.

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    13. Cloudera plummets 40% after CEO abruptly departs and company cuts forecast

      Cloudera plummets 40% after CEO abruptly departs and company cuts forecast

      Tom Reilly, chief executive officer of Cloudera Inc., stands during the company's initial public offering (IPO) on the floor of the New York Stock Exchange (NYSE) in New York. More Cloudera shares plunged more than 40% on Thursday after the company announcement that CEO Tom Reilly is leaving and lowered its 2020 revenue forecast.

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    14. AstraZeneca Plots Search for Next Chairman

      AstraZeneca Plots Search for Next Chairman

      AstraZeneca (AZ), the FTSE-100 pharmaceuticals group, is preparing a search for the successor to the chairman who helped it fend off Pfizer's £69bn takeover bid five years ago. Sky News has learnt that the drug-maker's board is at the early stages of planning to seek an eventual replacement for Leif Johansson, who has chaired AZ for seven years...

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    15. JPMorgan Shareholders Approve Executive Pay, With Protest

      JPMorgan Shareholders Approve Executive Pay, With Protest

      (Reuters) - JPMorgan Chase & Co said on Tuesday that only 71.64 percent of shareholder votes cast approved its executive compensation packages, marking a rare instance of criticism over the bank's top leaders pay. JPMorgan Chase also said all of its directors were elected, and that a shareholder proposal that the bank report annually on its global gender pay gap was voted down, according to preliminary tallies...

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    16. Carl Icahn Takes Small Stake in Occidental Petroleum, Amid Bidding War for Anadarko

      Carl Icahn Takes Small Stake in Occidental Petroleum, Amid Bidding War for Anadarko

      Activist investor Carl Icahn has taken a small stake in Occidental Petroleum, people close to the matter told CNBC on Friday. The company is in the middle of a rare bidding war for Anadarko Petroleum, having bid $38 billion for its smaller rival. Chevron had previously bid $33 billion for Anadarko. Shares of Occidental jumped 2% in extended trading Friday, immediately following the news...

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