Responding to the agency’s stern rebuke, Vas Narasimhan, the company’s executive, tried to reassure investors that Novartis did not intentionally deceive the F.D.A. while seeking approval for its $2.1 million gene therapy ...
Jamie Gamble spent most of his career as a partner at the law firm Simpson Thacher & Bartlett, which counts virtually every major company in the United States — including Facebook, General Motors, Google and JPMorgan Chase — among its clients. A longtime lawyer for the insurance giant American International Group, Mr. Gamble worked alongside Richard Beattie, Simpson Thacher’s chairman at the time, to advise A.I.G. during the financial crisis of 2008 and in the years of litigation that followed...
The initial public offerings of Lyft and Pinterest will give investors the chance to buy into young, fast-growing companies led by founders with ambitious visions. But to get a piece of that action, investors will have to give up something big: an equal say in how the companies are run...
SAN FRANCISCO — Alphabet’s board of directors agreed to pay a former top Google executive as much as $45 million when he resigned from the company in 2016 after being accused of groping a subordinate...
Shareholders haven’t been successful in holding companies accountable for data breaches. But that changed in the first month of 2019...
As a draft report prepared by CBS’s outside lawyers now makes clear, many of the company’s employees, including high-ranking executives and even members of its board, were aware of the former chief executive Leslie Moonves’s alleged sexual misconduct and subsequent efforts to conceal it...
The company, World Patent Marketing, used Matthew G. Whitaker’s position as a former federal prosecutor to threaten consumers who tried to get their money back, court documents show...
The board faces a difficult task in finding a new chief executive. Richard Parsons, the former interim chairman, had discussed the job with HBO’s Richard Plepler, according to two people. Mr. Plepler wasn’t interested...
The agency used a five-year-old cybersecurity rule for the first time to censure Voya. That should set off alarms for companies under its purview...
Under scrutiny for the hospital’s industry ties and compensation, Dr. Craig B. Thompson stepped down from two company boards...
For years, this column has highlighted the dearth of women on corporate boards and in executive positions. It has suggested all sorts of ways for investors and others to encourage — even force...
Walmart employee earning the company’s median salary of $19,177 would have to work for more than a thousand years to earn the $22.2 million that Doug McMillon, the company’s chief executive, was awarded in 2017...
That settlement had called for the replacement of Jeff Jacobson, the company's chief executive, and a majority of its board of directors . Instead, Xerox said, Mr. Jacobson and the current board will remain in place — though it acknowledged that the abrupt shift would probably raise many questions...
Let's say you volunteer to serve on the board of your New York co-op apartment, and conflicts arise. Legal threats follow. Just how much personal risk have you taken on? While most boards carry liability insurance for the directors and officers, would it protect you in the event of legal action? Or could you ...
Wynn Resorts has added three women to its board: Dee Dee Myers, who was a White House spokeswoman in the Clinton administration; Betsy Atkins, an advocate of stronger corporate governance ; and Wendy Webb, a former investor-relations chief for Disney. (Bloomberg). • Deutsche Bank's C.O.O. ...
Kobe Steel disclosed that some of its executives had known about fake quality data for years — in at least one case, for decades — and blamed a companywide focus on profitability and weak corporate governance . It also said that more customers bought the products in question than it had originally ...
Companies often try to keep digital breaches quiet. That’s something the S.E.C. would like to end, but its guidance may not go very far in changing how companies deal with the issue...
It is seeking to elect six nominees to Qualcomm's board of directors at the annual meeting, which had been scheduled for Tuesday. That would give it a majority on Qualcomm's board. The Committee on Foreign Investment in the United States, a government panel that scrutinizes deals by foreign ...
The lawsuit, which refers to Harvey Weinstein by his initials, says that the company's management and board of directors “were repeatedly presented with credible evidence of HW's sexual harassment” of company employees and interns “and his use of corporate employees and resources to facilitate ...
In an email exchange with me, Lucian Bebchuk, a Harvard law professor and an expert in corporate governance , asked why the board did not suspend Mr. Wynn from his position pending the investigation, or demand that he not interact with Wynn Resorts employees, a step that would have limited his ...
The settlement is an attempt by the Fed to impress upon banks that their boards of directors should be vigorous, independent watchdogs — and if they fail, there will be consequences. That reflects a shift from regulators' historically hands-off approach to corporate boards, and the boards' role is likely to ...
The Fed said the bank will replace four members of its 16-person board of directors by the end of the year, as part of an unusually direct and forceful action by the federal government over the affairs of a large company. The move by the Fed follows revelations over the last two years that the bank had ...
Dell, the world's largest privately held technology company, is under pressure to increase profits after its debt-laden, $67 billion acquisition of the data-storage ... "The board of directors follows sound corporate governance practices, and will continue to do so in connection with any potential transaction ...
Several members quit after the 31-person board chose to retain Wayne Pacelle. An investigation has uncovered multiple complaints against him, according to The Washington Post...