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    1. U.S. Markets Watchdog to Finalize Rules on Shareholder Voting Advice

      U.S. Markets Watchdog to Finalize Rules on Shareholder Voting Advice

      WASHINGTON (Reuters) – The U.S. securities regulator on Wednesday voted to finalize new restrictions on firms that advise investors on how they should vote in corporate elections, following a years-long battle between corporate lobbyists and governance activists over the proposed rules. The Securities and Exchange Commission did, however, walk back the most contentious part ...

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    2. Debt-stricken Chesapeake Energy to Advance Incentive Executive Pay

      Debt-stricken Chesapeake Energy to Advance Incentive Executive Pay

      NEW YORK (Reuters) – Chesapeake Energy Corp said it would prepay a total of $25 million in incentive compensation to 21 top executives to ensure they are motivated, even as it prepares to file for bankruptcy protection to tackle its nearly $9 billion debt pile. The Oklahoma City-based company, co-founded by late wildcatter and outspoken natural gas proponent Aubrey McClendon ...

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    3. Emerson Says Will Not Pursue a Break-Up Following Internal Review

      Emerson Says Will Not Pursue a Break-Up Following Internal Review

      Reuters) – Emerson Electric Co told investors on Thursday it would not pursue a break-up following a review it launched last year into whether to separate its industrial automation operations from its air-conditioning business. Breaking up Emerson was one of the demands made by hedge fund D.E. Shaw & Co LP ...

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    4. Bayer Seeks Glyphosate Litigation Advice as Elliott Reveals Stake

      Bayer Seeks Glyphosate Litigation Advice as Elliott Reveals Stake

      (Reuters) – Chemicals giant Bayer, under pressure from activist shareholders, said on Wednesday it has hired an external lawyer to advise its supervisory board and has set up a committee to help resolve a multi-billion dollar glyphosate litigation issue. Bayer has seen its share price tumble in the wake of its $63 billion acquisition of Monsanto, which ...

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    5. ISS Says Renegotiating Dell Tracking Stock Offer Would Be Best Option

      ISS Says Renegotiating Dell Tracking Stock Offer Would Be Best Option

      (Reuters) – Shareholder advisory firm Institutional Shareholder Services Inc (ISS) said on Friday that Dell Technologies Inc should renegotiate an offer to acquire a tracking stock tied to is virtualization software subsidiary VMWare Inc. Several hedge funds, including Elliott Management Corp and Canyon Capital Advisors LLC, as well as activist investor Carl ...

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      Mentions: Management IPO ISS
    6. Exxon Shareholders Approve Climate Impact Report in Win for Activists

      Exxon Shareholders Approve Climate Impact Report in Win for Activists

      DALLAS (Reuters) – Exxon Mobil Corp’s chief executive said on Wednesday the company would reconsider how it communicates the risks its faces from climate change after shareholders approved a measure calling for increased transparency. The non-binding proposal passed with 62 percent of ballots cast in ...

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    7. High-Profile Snap Stakeholders Revealed in Filings

      High-Profile Snap Stakeholders Revealed in Filings

       NEW YORK/BOSTON (Reuters) – Some of the biggest U.S. mutual and hedge funds, including Daniel Loeb’s Third Point and Daniel Och’s Och-Ziff Capital Management , owned stakes in Snap Inc , parent of the wildly popular Snapchat messaging app, at the end of March, regulatory filings on Friday showed. The filings provide the first definitive snapshot on who bought Snap shares when it went public ...

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    8. Volkswagen Pleads Guilty in U.S. Court in Diesel Emissions scandal

      Volkswagen Pleads Guilty in U.S. Court in Diesel Emissions scandal

      A U.S. flag flutters in the wind above a Volkswagen dealership in Carlsbad, California, U.S. May 2, 2016. REUTERS/Mike Blake/File Photo March 10, 2017 By Nick Carey and David Shepardson DETROIT/WASHINGTON (Reuters) – Volkswagen AG pleaded guilty on Friday to three felony counts as part of a $4.3 billion settlement reached with the Justice Department in January over the automaker’s massive diesel emissions scandal. VW general counsel Manfred Doess made the plea on the company’s behalf after he ...

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    9. Pershing Square, Nine Others Hit With SEC ‘Pay to Play’ Violations

      Pershing Square, Nine Others Hit With SEC ‘Pay to Play’ Violations

      WASHINGTON (Reuters) – Billionaire investor Bill Ackman’s hedge fund paid $75,000 to settle civil “pay-to-play” charges with the Securities and Exchange Commission after running afoul of campaign contribution and money management rules. Pershing Square Capital Management, which invests roughly $11.6 billion for a number of state pension funds and wealthy ...

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    1-24 of 30 1 2 »
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