Facebook Inc. has always had one absolute leader, cemented by a share class structure that maintained Mark Zuckerberg’s voting control even when he sold millions of shares. Some investors grumbled, but most were happy to stay quiet as the stock surged. This week’s plunge upended that dynamic, increasing calls for changes at the top. “It’s never an issue until things go wrong,” said Pivotal Research Group analyst Brian Wieser...

Activist investor Paulson & Co. Inc. has nominated a slate of eight directors to replace the entire board of Canadian miner Detour Gold Corp. The hedge fund run by billionaire John Paulson, which said it owns a 5.4 percent stake in Toronto-based Detour, has formally called for a meeting of shareholders to elect its slate no later than Sept. 28...

Now that’s how to answer an activist investor. Nestle SA, under pressure from Dan Loeb’s Third Point, on Thursday reported first-half sales growth that beat analysts’ expectations...

Twitter Thyssenkrupp AG Chief Executive Officer Heinrich Hiesinger resigned days after the company inked a deal for a European steel joint venture that faced fierce investor opposition. “Today I informed the Supervisory Board that I would like to step down from my position,” Hiesinger said in a statement on Thursday. Hiesinger’s leadership at Thyssenkrupp had been marked by criticism for the company’s declining revenue, rising costs and a declining stock price...

Deutsche Bank said the U.S. business “has made significant investments to improve its capital planning capabilities as well as controls and infrastructure.” The unit is still making progress and working with regulators, according to a statement posted on the web. The U.S. unit of Germany’s largest bank was the only firm to fail the second round of this year’s stress tests, which were established as part of the Dodd-Frank overhaul of financial regulations...

Activist investor Jana Partners and its affiliates stand to make about $144 million on their investment in Pinnacle Foods Inc. , after the packaged-food company agreed to be acquired by Conagra Brands Inc. for $8.1 billion. The New York-based hedge fund, run by Barry Rosenstein, disclosed a 9.5 percent position in Parsippany, New Jersey-based Pinnacle on April 19...

The activist firm affiliated with union pension funds pointed to the director's leave as emblematic of poor leadership and weak corporate governance...

The criticisms are a setback for the group’s heir apparent -- Vice Chairman Euisun Chung -- as he prepares for Korea’s biggest proxy fight since Samsung Group narrowly defeated a controversial merger of two units nearly three years ago...

With a half-billion-dollar pay package for 2017, Evan Spiegel claims the crown of an elite group of corporate leaders. Spiegel, 27, got the $504.5 million package when Snap Inc., the firm he co-founded in college, went public last year, making him the highest-paid executive of a publicly traded U.S. company, according to the Bloomberg Pay Index...

... SA to take control of Telecom Italia SpA's board after shareholders supported the U.S. activist investor's call to improve its corporate governance and push for asset sales, ... Shareholder advisory firms Institutional Shareholder Services Inc. and Glass Lewis & Co. also recommended Elliott's board slate...

Wells Fargo & Co. ’s leaders deserve fatter paychecks after a tough year, according to investors...

London Stock Exchange Group Plc’s directors should be prepared to confront “behavioral and performance issues” among management, according to a review that absolved its board of blame in the acrimonious departure of former Chief Executive Officer Xavier Rolet. Rolet abruptly left LSE in November amid a battle between the 217-year-old bourse’s board and activist investor TCI Fund Management , which wanted Rolet’s contract extended and sought to oust Chairman Donald Brydon instead...

Emboldened by last year’s successful campaigns against excessive executive pay, some of the world’s biggest investors are shifting their focus to women -- or the lack thereof -- on corporate boards...

Bloomberg | Apr 19, 2018 Procter & Gamble Co. agreed to buy Merck KGaA’s consumer-health business for 3.4 billion euros (US$4.2 billion) to bolster growth, betting that vitamins and decongestants can hasten its comeback...

For most of the past decade, Cheryl Miller has spent her days trying to put more cars on America’s roads—first as the treasurer and now as the chief financial officer of AutoNation Inc. , the largest auto retailer in the U.S. And for the past year she’s been working on behalf of another of the country’s biggest companies, Tyson Foods Inc. , as one of the newest members of its board of directors...

The acrimonious fight over the future of Xerox Corp. looks set to worsen after two of its largest shareholders, activist investor Carl Icahn and Darwin Deason, released a report alleging widespread corporate governance failures in the way the company negotiated its $6.1 billion sale to Fujifilm Holdings Corp...

The benefits of running a large public company go well beyond paychecks and stock awards. Take Mark Zuckerberg , who crisscrossed the U.S. last year to attend a rodeo in Fort Worth, Texas, speak with Muslim students in Dearborn, Michigan, and fish salmon in Alaska, all part of a personal challenge to meet and talk with regular people...

A 9.1 percent pay increase for new William Hill Plc Chief Executive Officer Philip Bowcock threatens to spark a shareholder rebellion at the U.K. bookmaking group. Institutional Shareholder Services Inc. , the advisory group that normally commands as much as 25 percent of shareholder support for its resolutions ahead of company annual general meetings, has advised William Hill investors to vote against the company’s remuneration report at its coming annual meeting...

DowDuPont Inc. finally landed buyers for its country club, several years after activist investor Nelson Peltz blasted the golf and tennis playground as a symbol of corporate excess. The club became a flash point for Peltz’s Trian Fund Management in its failed 2015 proxy fight for seats on the board of DuPont, which subsequently merged with Dow Chemical...

Activist investors have the power to get more women on corporate boards, should they choose to use it. Elliott Management Corp. called this week for operational changes and a board overhaul at data-management software company Commvault Systems Inc...

Akzo Nobel Sells Chemicals Unit to Carlyle for $12.5 Billion By Dutch company to focus on paints, coatings after sale Chemicals business also attracted bids from Apollo, Advent Akzo Nobel NV is selling its specialty chemicals unit to U.S. private equity firm Carlyle Group for 10.1 billion euros ($12.5 billion) in a deal set to transform the Dutch company into a supplier of paints and coatings...

Compensation in all its excesses for top corporate executives is a hardy perennial for astonishment, outrage and fruitless demands for reform. I have said more than once that many, indeed, most , chief executive officers at publicly traded U.S. companies are wildly overpaid . But some recent research adds some nuance that deserves a closer look...

Real estate is still largely a man’s world, but companies with women on the board are the ones rewarding investors. Wells Fargo & Co. analysts Jeffrey Donnelly and Dori Kesten examined the gender makeup of boards of 165 U.S. real estate investment trusts from 2006 to 2017...

Billionaire investor Bill Ackman has a new company in his sights...