1. Articles from wsj.com

  2. 1-24 of 256 1 2 3 4 ... 9 10 11 »
    1. ‘Stakeholder’ Capitalism Seems Mostly for Show

      ‘Stakeholder’ Capitalism Seems Mostly for Show

      By putting American workers through months of turmoil, the Covid-19 crisis has heightened expectations that large companies will serve the interests of all “stakeholders,” not only shareholders. The Business Roundtable raised such expectations last summer by issuing a statement on corporate purpose, in which the CEOs of more than 180 major companies committed to “deliver value to all stakeholders.”...

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    2. Boards Reset Executive Pay, Equity Grants During Market Rout

      Boards Reset Executive Pay, Equity Grants During Market Rout

      Many companies have cut executive compensation and made equity awards amid economic turmoil Amid volatile markets and economic contraction, companies have adjusted executive compensation, with salary cuts for top leaders often accompanied by new equity grants. As companies furloughed or laid off workers and cut other costs, many chief executives have had their base salaries cut for 2020 by anywhere from 50% to 100%...

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    3. Occidental Petroleum Reaches Truce With Activist Investor Carl Icahn

      Occidental Petroleum Reaches Truce With Activist Investor Carl Icahn

      In bid to turn around, the company is changing its board, cutting salaries and slashing capital budget Occidental Petroleum Corp., the largest oil producer in the giant Permian Basin, has ceded to activist investor Carl Icahn’s demands and announced deep spending cuts in a bid to survive the steepest crude-price plunge in decades...

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    4. Occidental Nears Settlement With Carl Icahn

      Occidental Nears Settlement With Carl Icahn

      Activist investor to get two board seats, approval of third, independent director Occidental Petroleum Corp. is nearing a truce with Carl Icahn that would conclude one of the highest-profile corporate clashes of the past year and usher the activist investor into the embattled oil producer’s board room as it seeks to recover from a series of setbacks...

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    5. The ‘Stakeholders’ vs. the People

      The ‘Stakeholders’ vs. the People

      Liberals claim they’re troubled by corporate power. So why are they working to expand it? ‘Stakeholder capitalism” is officially here. That’s the fashionable notion that companies should serve not only their shareholders, but also other interests and society at large. Last month Airbnb’s leaders announced a new mandate that the company “benefit all our stakeholders over the long term,” including through tying executive compensation to the company’s social goals...

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    6. The Deals and Dealmakers That Made the Year in M&A

      The Deals and Dealmakers That Made the Year in M&A

      This year was a big one for mergers and acquisitions, but it could have been even better. The value of deals announced globally reached $3.8 trillion through Dec. 27, making 2019 the fourth-best year on record for M&A. The combined value of deals fell just 4% short of last year’s total, according to Dealogic, as the appetite for megamergers reached a new high...

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    7. California Governor Threatens to Block PG&E Bankruptcy Exit

      California Governor Threatens to Block PG&E Bankruptcy Exit

      Democrat Gavin Newsom says changes needed before he will sign off on embattled utility’s proposed plan to exit chapter 11 California Gov. Gavin Newsom is demanding changes to PG&E Corp.’s plan to pay wildfire victims and exit bankruptcy, saying the company’s current proposal “falls woefully short” of a law outlining requirements that would allow the utility to receive state assistance...

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    8. Activist Investor Takes Stake in CVS

      Activist Investor Takes Stake in CVS

      Activist investor Starboard Value LP has taken a stake in CVS Health Corp. and held talks with the drugstore-and-insurance giant’s management, according to people familiar with the matter. The stake appears to be relatively small and the people said the talks, held recently, are amicable. How much Starboard currently owns and what it has discussed with the company couldn’t be learned...

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    1-24 of 256 1 2 3 4 ... 9 10 11 »
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