Those include an equity ownership stake in WeWork; the company's S-1 ... regulations and questions about the company's corporate governance...
With stocks pricey and the economy weakening, more CEOs and boards of directors will come under pressure to create value, including by breaking ...
Accounting sleuth Harry Markopolos believes GE is engaged in accounting fraud so vast that the storied conglomerate will soon be forced into bankruptcy. Markopolos was the lone person to sound the alarm on Bernie Madoff's Ponzi operation, and gained fame and credibility by turning out to be spectacularly right, raising fears he could be right about GE as well...
Cybersecurity expertise might be the key to a generous salary, according to a new ranking of company salaries.
Palo Alto Networks tops a list of the 25 highest paying companies in America from career site Glassdoor, coming in with a median salary of $170,929. That puts it ahead of Nvidia, where the average employee takes home $170,068 per year.
Here's how the rest of the Top 10 shakes out, with median total salaries listed...
Google employees have announced they are joining their big tech counterparts at Amazon and Microsoft in walking off the job on Sept. 20 to participate in the global climate strike.
The climate change protests are set to take place on Friday in 150 countries around the world, sending a message to leaders who are set to meet Monday, Sept. 23 for the 2019 Climate Action Summit. A second wave of protests is also scheduled for Sept. 27...
Disney CEO Bob Iger resigned from Apple’s board of directors earlier this week, Apple noted in a SEC filing the company made Friday.
The timing of Iger's departure from Apple's board comes as both the tech giant and the entertainment monolith both prepare to launch video streaming services this fall. The services, named Apple TV Plus and Disney Plus, appear to be in direct competition in the streaming video market...
It’s been a week for CEO letters. Yesterday, 145 chief executives wrote to Congress , urging lawmakers to pursue gun reform measures like stricter background checks and tougher ‘red flag’ laws...
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Elliott Management, the famously ruthless activist investor, is asking a variation of the question we’ve all been pondering lately regarding the likes of WeWork and Peloton...
Tesla Chief Executive Officer Elon Musk said he was involved in some discussions about the $2.6 billion acquisition of SolarCity in 2016, though he recused himself from a board vote approving the initial offer.
Musk made the disclosure when he was questioned under oath by lawyers for pension and investment funds that claim he duped investors into backing the buyout of the solar-energy company that was founded by his cousins and where he was the chairman and largest shareholder...
Before its collapse and liquidation in the late 1980s and early 1990s, Eastern Airlines was one of the nation’s “Big Four” carriers. Now it could be taking to the skies again...
You’d be hard-pressed to find a company more committed to using the so-called public cloud than Capital One. America’s seventh-biggest bank by revenue has spent years winding down its data centers—from eight in 2014 to zero planned by the end of 2020—and relying on the on-tap resources of Amazon Web Services for computing and data storage...
GE may now be wishing it could take back a string of stock buybacks.
One of the charges leveled by accounting sleuth Harry Markopolos in his explosive report, "General Electric: A Bigger Fraud Than Enron," is that GE was buying back tons of stock with cash desperately needed to sustain its failing long-term care business...
Disney is supposed to be in the business of making magic—but not with its numbers.
A former senior financial analyst for the Walt Disney Company has filed multiple claims with the Securities and Exchange Commission about the company's accounting practices, according to a report by MarketWatch...
The setting is ironic for a late-afternoon cocktail with Anand Giridharadas, the self-appointed scourge of well-meaning plutocrats everywhere. The author of the biting 2018 book Winners Take All: The Elite Charade of Changing the World has suggested the bar at the Big 4 Restaurant in San Francisco's Huntington Hotel, where he is staying. And so we sip drinks amid the dark wood paneling and white tablecloths of a redoubt that quietly screams plutocracy...
“One-share, one-vote is a bedrock tenet of good corporate governance as far as most long-term shareholders are concerned.” Twenty votes per share, ...
For Milton Friedman, it was simple. “There is one and only one social responsibility of business,” the Nobel economist wrote in 1970: to “engage in activities designed to increase its profits.” Companies must obey the law. But beyond that, their job is to make money for shareholders...
Who's right, the sleuth who exposed Bernie Madoff's gigantic Ponzi scheme, or GE's prestigious board and highly-regarded CEO, a team lauded on Wall Street for making great progress in rescuing and reforming the battered conglomerate?
In his flame-throwing report released on August 16, titled "General Electric, A Bigger Fraud Than Enron," Harry Markopolos––the forensic accountant who nailed Madoff––accuses GE of engaging in $38 billion in accounting fraud...
General Electric Co. tumbled the most since 2008 after a prominent financial examiner working with a short seller accused the company of “accounting fraud.” GE Chief Executive Officer Larry Culp called the claims “market manipulation—pure and simple.”...
Overstock shares fell for a third day Wednesday as investors reacted to statements by Chief Executive Officer Patrick Byrne that he was a part of federal investigations related to the 2016 election...
Verizon will sell the image-centric blogging website Tumblr to Automattic, owner of the blogging tools suite WordPress, according to the Wall Street Journal. The terms of the sale were not disclosed, but Axios reports the amount was "well below" $20 million...
So-called unicorn tech startups just keep on proliferating. July saw a dozen privately owned firms cross the $1 billion-plus threshold—more than any other month this year, per Pitchbook data. By August, there were 62 new unicorns minted in 2019, more than the 51 inducted by that time in 2018, or the 33 crowned by then in 2017....
The former vice president of marketing and communications for Tinder has filed suit against the company’s former CEO and the site’s owners over an alleged sexual assault.
Rosette Pambakian alleges Gregory Blatt made unwanted sexual comments toward her at a company party in December 2016 and groped her breasts and upper thighs without consent in front of other coworkers. She further accuses the company of firing her when she reported the incident...
As a few friends and I were settling a dinner bill last night, I noticed a Capital One credit card peeking out amid a table-full of taco scraps and emptied margarita glasses.
"Uh, oh," I remarked. “Who’s got the Capital One card? Are you pissed?"
The owner revealed himself, yet he was oblivious to the week’s news. I informed him: A hacker had gotten her hands on personal information for more than 100 million of the bank's customers and credit card applicants...
So many people have made claims in the data-breach settlement against consumer credit rating agency Equifax that, according to the Federal Trade Commission, each claimant is now likely to get “nowhere near” the $125 payout that was initially promised to victims in lieu of free credit monitoring. The FTC outlined the problem in a blog post on July 31st, just days after the settlement was reached and the claims process was launched...