1. 1-24 of 41 1 2 »
    1. Once Feared on Wall Street, Dodd-Frank’s Watchdog Is in Retreat

      Once Feared on Wall Street, Dodd-Frank’s Watchdog Is in Retreat

      (Bloomberg) -- A key response to the 2008 financial crisis was setting up a super-group of regulators to protect the economy from another disastrous crash. But in the Trump era, flagging new dangers has taken a backseat to cutting constraints on business. The latest blow came Wednesday when the Financial Stability Oversight Council said it no long considered Prudential Financial Inc. so big and complex that the insurer’s failure could trigger a panic...

      Read Full Article
    2. Why Did It Take an Activist So Long to Call Bt?

      Why Did It Take an Activist So Long to Call Bt?

      (Bloomberg Opinion) -- David Einhorn's decision to take a stake in BT Group Plc may provide just the boost needed to convince Britain's former national carrier to sell a stake in its traditional network. That probably won't satisfy the activist investor. When it became apparent back in May that BT was willing to at least consider selling a stake in its Openreach operation, CEO Gavin Patterson's goal seemed to be to fend off prospective activist investors and keep his job. He failed at both...

      Read Full Article
    3. GM Joins a Surge of S&P 500 Companies With Boards at Gender Parity

      GM Joins a Surge of S&P 500 Companies With Boards at Gender Parity

      (Bloomberg) -- It’s shaping up as a good year for gender parity at the largest U.S. companies -- but there’s still a long way to go. Wednesday’s appointment of Jami Miscik as a General Motors Co. director brings the number of Standard & Poor’s 500 companies with women in half or more of their board seats to at least 11 this year, from about six at the end of 2017, according to Bloomberg data...

      Read Full Article
    4. Stop Griping About Wall Street Compensation

      Stop Griping About Wall Street Compensation

      (Bloomberg Opinion) -- Nobody really roots for banks after what happened 10 years ago — except for maybe politicians in New York, who intuitively grasp that banks generate a lot of tax revenue. Bankers and traders aren’t the most sympathetic characters, but a lot of people have lost sight of the fact that a healthy banking system is central to a healthy economy and everyone’s well-being generally...

      Read Full Article
    5. Pressure Builds to Open Asia's All-Male Boardrooms to Women

      Pressure Builds to Open Asia's All-Male Boardrooms to Women

      (Bloomberg) -- Asia has long been a laggard in the global struggle to get more women on corporate boards. While countries in other parts of the world have adopted rules to integrate boardrooms, Asian regulators largely have been hands-off. And it shows, with high-profile Asian companies including China’s Tencent Holdings Ltd. and Japan’s SoftBank Group Corp. having all-male boards of directors...

      Read Full Article
    6. P&G Has Little to Show a Year After Investor Face-Off Bloomberg

      P&G Has Little to Show a Year After Investor Face-Off Bloomberg

      (Bloomberg Opinion) -- Last October, it felt like Procter & Gamble Co.'s annual meeting might end up being a turning point in the effort to revitalize the company behind brands such as Tide detergent and Crest toothpaste. Activist investor Nelson Peltz had been agitating for a spot on P&G's board as he called for a long list of changes, and the consumer-goods giant had spent big money to try secure enough votes to deny him a seat at the table...

      Read Full Article
    7. Undervalued Hexo Drawing Interest From Pot Rivals, Activist Says

      Undervalued Hexo Drawing Interest From Pot Rivals, Activist Says

      Hexo Corp., which sped up the race for cannabis-infused beverages by partnering with Molson Coors Brewing Co. in August, is attracting interest from competitors after an activist investor publicly urged it to consider a sale. Riposte Capital published a letter in September criticizing Hexo’s “severely depressed valuation” despite its joint venture with Molson Coors and its supply contract with Quebec, estimated to be worth $1 billion...

      Read Full Article
      Mentions: CEO Sale Bloomberg
    8. Dan Loeb Ramps Up Pressure on Campbell Soup, Urges Asset Sales

      Dan Loeb Ramps Up Pressure on Campbell Soup, Urges Asset Sales

      (Bloomberg) -- Dan Loeb, who’s seeking a complete overhaul of Campbell Soup Co.’s board, said the embattled snack maker could fetch as much as $58 per share in a sale and should consider offloading brands like Pop Secret and Pepperidge Farms Frozen Cakes, as he urges significant changes to help modernize the iconic American company...

      Read Full Article
    9. Litt Says Mack-Cali May Have Turned Away Unidentified Suitor

      Litt Says Mack-Cali May Have Turned Away Unidentified Suitor

      (Bloomberg) -- Activist investor Jonathan Litt says his hedge fund learned that a potential buyer was interested in making a fully financed bid for Mack-Cali Realty Corp. In a letter to the real estate investment trust’s board, Litt, the founder of Land & Buildings Investment Management, said the directors should consider the potential offer. Litt, saying his firm now owns more than 2 percent of Mack-Cali, didn’t identify the possible buyer in the Sept. 5 letter obtained by Bloomberg News...

      Read Full Article
    10. BMW’s First Profit Warning in Decade Adds Fuel to Board Tension

      BMW’s First Profit Warning in Decade Adds Fuel to Board Tension

      (Bloomberg) -- BMW AG’s first profit warning in a decade comes on top of existing leadership tension under Chief Executive Officer Harald Krueger, who’s tasked with reviving sales momentum and staving off encroaching competitors like Mercedes-Benz and Tesla Inc. Sluggish growth was a problem even before BMW slashed its outlook on Tuesday and said it would rein in expenses...

      Read Full Article
      Mentions: Leadership CEO Tesla
    11. Nielsen Draws Interest From Blackstone and Carlyle -

      Nielsen Draws Interest From Blackstone and Carlyle -

      (Bloomberg) -- Nielsen Holdings Plc, the consumer-data giant weighing a sale under pressure from an activist investor, has drawn interest from suitors including Blackstone Group LP and the Carlyle Group LP, according to people familiar with the matter. The two private equity firms are considering submitting bids for the company, said the people, who asked to not be identified because the matter isn’t public...

      Read Full Article
    12. World's Largest Wealth Fund Says Companies Pay CEOs All Wrong

      World's Largest Wealth Fund Says Companies Pay CEOs All Wrong

      (Bloomberg) -- Norway’s $1 trillion sovereign wealth fund last year sent a clear message to big U.S. companies: You should rethink how CEOs are paid. But 18 months after publishing its contrarian views on executive compensation, there’s scant evidence the fund that owns 1.4 percent of the world’s publicly traded stock is taking directors of major American firms to task...

      Read Full Article
    13. Nestle Puts Skin-Health Unit Up for Possible $8 Billion Sale -

      Nestle Puts Skin-Health Unit Up for Possible $8 Billion Sale -

      (Bloomberg) -- Nestle SA Chief Executive Officer Mark Schneider took another step toward sharpening the food giant’s portfolio, putting the company’s skin-care business with sales of 2.7 billion Swiss francs ($2.8 billion) on the block. The maker of Nescafe and KitKat said Thursday it opened a strategic review of its skin-health unit that should be complete by mid-2019. A sale could fetch as much as 8 billion francs, estimates Alain Oberhuber, an analyst at MainFirst...

      Read Full Article
      Mentions: CEO Starbucks Sale
    14. Calpers Ups Pressure on Companies Over Executive Pay, Harassment -

      Calpers Ups Pressure on Companies Over Executive Pay, Harassment -

      (Bloomberg) -- The largest U.S. public pension fund is taking a tougher line over executive compensation. The California Public Employees’ Retirement System voted against pay programs this year at 43 percent of the 2,145 U.S. public firms it owns stakes in, up from 18 percent in 2017, the system said Monday. One reason is closer scrutiny, said Simiso Nzima, investment director for corporate governance...

      Read Full Article
    15. We Never Learned From Lehman

      We Never Learned From Lehman

      (The Bloomberg View) -- Bloomberg Opinion marks the 10th anniversary of Lehman’s bankruptcy with a collection of columns from around the world. Read more. Ten years ago, amid a worsening subprime mortgage crisis, the U.S. government did what few have dared: It allowed a major global investment bank, Lehman Brothers Holdings Inc., to file for bankruptcy...

      Read Full Article
    16. Trillion-Dollar Investors Don’t Mind Billion-Dollar CEO Awards Bloomberg

      Trillion-Dollar Investors Don’t Mind Billion-Dollar CEO Awards Bloomberg

      (Bloomberg) -- Some of the world’s biggest money managers backed two unprecedented executive awards this year, emboldening other corporate boards to make colossal bets on their CEOs. Funds run by BlackRock Inc., Fidelity and T. Rowe Price Group Inc. cast votes in favor of special grants for Tesla Inc. Chief Executive Officer Elon Musk and Axon Enterprise Inc.’s Rick Smith, regulatory filings show...

      Read Full Article
    17. Carl Icahn Still Opposes Dell Deal on Valuation Concerns

      Carl Icahn Still Opposes Dell Deal on Valuation Concerns

      (Bloomberg) -- Dell Technologies Inc., one of the world’s largest closely held technology companies, will likely face an up uphill battle convincing at least one vocal investor that its $21.7 billion plan to go public is fair for shareholders. Dell’s earnings release Thursday marks one of investors’ last opportunities to see whether Dell is on track to meet its robust sales expectations before a vote on the company’s cash-and-stock offer for its tracking stock, DVMT, in October...

      Read Full Article
    18. Imagine If Shareholders Didn’t Come First

      Imagine If Shareholders Didn’t Come First

      (Bloomberg Opinion) -- U.S. Senator Elizabeth Warren has proposed a bill -- the Accountable Capitalism Act -- that would require large companies to create corporate charters that take account of the interests of workers, customers and communities in addition to shareholders. To enforce this dictum, it would give each company’s employees the power to elect 40 percent of the corporate directors. Right now, U.S. corporations are set up to maximize the value of their shareholders....

      Read Full Article
    19. Why U.S. Corporate Boards Don’t Include Workers

      Why U.S. Corporate Boards Don’t Include Workers

      (Bloomberg Opinion) -- In Germany, it’s considered perfectly normal that half the members of corporate boards are representatives of the corporation’s employees. In the U.S., where Senator Elizabeth Warren recently proposed 40-percent worker representation, it seems like a radical idea.Why the difference? Those employee board seats in Germany are required by a 1976 law, and in the U.S. corporations could put worker representatives on their boards if they wanted to...

      Read Full Article
    20. Campbell Soup Rises on Reports Loeb Has Stake and Seeks Action

      Campbell Soup Rises on Reports Loeb Has Stake and Seeks Action

      (Bloomberg) -- Shares of Campbell Soup Co. rose in after-hours U.S. trading on reports that Daniel Loeb’s Third Point LLC has acquired a stake and is pressing for a turnaround at the 149-year-old company. Third Point has a stake of at least $300 million in the soup maker, The Wall Street Journal reported Tuesday, citing a person familiar with the matter. The holding amounts to more than 2.5 percent of Campbell’s stock, the Journal said...

      Read Full Article
      Mentions: CEO stake Wall Street
    1-24 of 41 1 2 »
  1. Categories

    1. BoardProspects Features:

      BoardBlogs, BoardKnowledge, BoardMoves, BoardNews, BoardProspects Announcements, BoardProspects CEO, CEO Blog, In the News, Partner Publications, Sponsored Content