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    1. Acreage Shareholder Supports Canopy Deal Amid Opposition

      Acreage Shareholder Supports Canopy Deal Amid Opposition

      (Bloomberg) -- One of Acreage Holdings Inc.’s earliest shareholders has come out in favor of its sale to Canopy Growth Corp. as the target company’s shares languish well below the offer price. Cresco Capital Partners LLC, which has owned Acreage since 2015, said the New York-based cannabis firm’s association with Canopy will give it a capital boost even before the closing of the deal, which is contingent on U.S. legalization...

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    2. Texas Land Bank Proxy Fight Turns Ugly as Dissident Nominee Sued

      Texas Land Bank Proxy Fight Turns Ugly as Dissident Nominee Sued

      (Bloomberg) -- Texas Pacific Land Trust postponed a special shareholders meeting and sued the activist investor vying for a trustee job, the latest twist in an increasingly acrimonious proxy fight. The meeting, previously scheduled for June 6, has been called off until further notice to give investors "the opportunity to cast a fully informed vote,’’ Trustee David E. Barry said Tuesday in a statement...

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    3. Wall Street Pay Proposal Being Negotiated by SEC, Bank Regulator

      Wall Street Pay Proposal Being Negotiated by SEC, Bank Regulator

      (Bloomberg) -- The latest effort to impose restrictions on Wall Street bonuses is advancing as key regulators review a draft of new limits, according to Joseph Otting, head of the Office of the Comptroller of the Currency. Otting told members of the House Financial Services Committee at a Thursday hearing that a proposal written by his agency has been shared with the Securities and Exchange Commission...

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    4. Allianz Wins Shareholder Backing for Changes to Executive Pay

      Allianz Wins Shareholder Backing for Changes to Executive Pay

      (Bloomberg) -- Allianz SE won shareholder approval for its new policy on management-board pay, avoiding the sort of investor backlash seen at some European firms in recent years. The German insurer proposed increasing the importance of fixed salary and long-term incentives in its first changes to remuneration policy since 2010. The plan passed easily at the firm’s annual general meeting on Wednesday with 92% of the votes cast...

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    5. Deutsche Bank Execs Under Fire After Shareholder Adviser Reports

      Deutsche Bank Execs Under Fire After Shareholder Adviser Reports

      (Bloomberg) -- Deutsche Bank AG’s next challenge after the breakdown of merger talks with Commerzbank AG may be its own angry shareholders. ISS and Glass Lewis -- the world’s biggest shareholder advisory firms -- are recommending investors vote against backing Deutsche Bank’s management and supervisory board at its annual general meeting on May 23. The firms pointed to the shares, which lost about 40 percent over the past year, as well as the bank’s continued legal and business challenges...

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    6. Papa John's Sales Fall Less Than Expected Under New Chairman

      Papa John's Sales Fall Less Than Expected Under New Chairman

      Papa John’s International Inc.’s (PZZA.O) sales topped analyst estimates, indicating the pizza seller is getting its mojo back under new management. Comparable sales in North America fell 6.9 per cent last quarter, beating projections for a 7.3-per-cent fall and slowing the recent pace of declines. The results are the first under new chairman Jeffrey Smith. The chain is pushing to bolster its advertising, and in March brought in a new global marketing head from Subway Restaurants...

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    7. Asia's Longest-Serving Directors Can Be Found in the Philippines

      Asia's Longest-Serving Directors Can Be Found in the Philippines

      (Bloomberg) -- Family-led enterprises are common across Asia yet the Philippines takes such control to the extreme. Philippine companies have the region’s oldest directors and the longest board tenures as owners and their trusted advisers keep tight hold on the reins of banking, property and retail giants. This has implications in the region’s push for greater board diversity...

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    8. Investor Revolt at Bayer to Escalate After CEO Keeps His Job

      Investor Revolt at Bayer to Escalate After CEO Keeps His Job

      (Bloomberg) -- The shareholder rebellion at Bayer AG is poised to worsen after its supervisory board ignored an unprecedented no-confidence vote against the leadership of Chief Executive Officer Werner Baumann. Several top investors of the German chemicals and drugs giant are frustrated with directors’ decision to back Baumann and his strategy that led to the $63 billion takeover of Monsanto, according to people familiar with the matter...

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    9. Norwegian Oil Giant Bends to Investor Pressure on Climate

      Norwegian Oil Giant Bends to Investor Pressure on Climate

      (Bloomberg) -- Equinor ASA is the latest large oil company to bow to a major investor group that is pushing corporations to take more robust action on climate change. The Norwegian state oil giant has agreed to align its business model with the goals of the 2015 Paris climate accord, and will review its corporate lobbying policy and the carbon intensity of its products, the company said in a statement. It will also link executive pay to climate-related targets...

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    10. Bed Bath & Beyond Spruces Up Its Board But Needs an Overhaul

      Bed Bath & Beyond Spruces Up Its Board But Needs an Overhaul

      (Bloomberg Opinion) -- In the face of pressure from an activist investor coalition, Bed Bath & Beyond announced a bit of spring cleaning on Monday. The retailer said five of its board members would depart, including the chain’s co-founders, Warren Eisenberg and Leonard Feinstein. Five new directors have been appointed to replace them, and board member Patrick Gaston has been named independent chairman...

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      Mentions: Opinion Amazon CFO
    11. Barclays Hits Back at Activist’s ‘Misleading’ Criticisms

      Barclays Hits Back at Activist’s ‘Misleading’ Criticisms

      (Bloomberg) -- Barclays Plc escalated its war of words with the activist shareholder who is seeking radical changes to the lender’s existing strategy, saying his plans to cut back the investment bank are “unclear and based on multiple factual errors.” The British bank said it strongly opposes Edward Bramson’s appointment to its board, according to a statement on Thursday...

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    12. TransAlta Board Nominees Win Glass Lewis Support Amid Proxy Threat

      TransAlta Board Nominees Win Glass Lewis Support Amid Proxy Threat

      TransAlta Corp. won support for its board nominees from a prominent shareholder advisory firm that noted two activist investors threatening a proxy fight haven’t filed the paperwork with regulators for their own candidates. Glass Lewis & Co. said it believed there was no substantial issue with any of the Alberta utility’s 12 nominees, including two affiliated with Brookfield Asset Management Inc., related to the asset manager’s $750 million TransAlta investment announced last month...

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    13. Verint Rejects Neuberger Berman's Call to Replace Directors

      Verint Rejects Neuberger Berman's Call to Replace Directors

      (Bloomberg) -- Verint Systems Inc. has rejected Neuberger Berman Group’s call to replace three of its directors after the software company’s improved financial outlook and share price allowed it to push back on the investor’s demand for an overhaul. Neuberger Berman, which holds 2.6 percent of Verint, nominated the directors for election at the company’s 2019 annual general meeting...

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    14. UBS Shareholders Urged to Reject Pay Proposal for Top Executives

      UBS Shareholders Urged to Reject Pay Proposal for Top Executives

      (Bloomberg) -- UBS Group AG investors should reject the bank’s compensation report, shareholder adviser Glass Lewis said, citing high fines in a legal dispute and a generally lackluster performance of bank shares. UBS had proposed a pay package that included 14.1 million francs ($14 million) in compensation for Chief Executive Officer Sergio Ermotti for last year...

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    15. Carlos Ghosn Casts a Dark Shadow Over Corporate Japan

      Carlos Ghosn Casts a Dark Shadow Over Corporate Japan

      (Bloomberg Opinion) -- Activist investors are circling Japan Inc., creating momentum for change in the country’s boardrooms. While you’d hope that the Carlos Ghosn saga would help in that effort, it may in fact slow things down. The latest episode in Ghosn’s downfall came on Monday, as shareholders in Nissan Motor Co. voted to remove him as a director...

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    16. Barrick’s Deal-Making Chairman Awarded $12.9 Million in 2018

      Barrick’s Deal-Making Chairman Awarded $12.9 Million in 2018

      (Bloomberg) -- Barrick Gold Corp. boosted Executive Chairman John Thornton’s total compensation last year 67 percent to $12.9 million, rewarding the former investment banker for the company’s performance and his role in the merger with Randgold Resources Ltd. Thornton received a $9.74 million bonus on top of his $2.5 million salary, according to a regulatory filing Friday. He used most of the after-tax proceeds of the bonus to buy 215,000 Barrick shares, the filing said...

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    17. Mondelez in Advanced Talks for Campbell's Cookie Assets

      Mondelez in Advanced Talks for Campbell's Cookie Assets

      (Bloomberg) -- Mondelez International Inc., the maker of Oreo cookies and Cadbury chocolates, is in advanced talks to acquire international brands being sold by Campbell Soup Co., people familiar with the matter said. Mondelez is negotiating final terms of a purchase of Arnott’s Biscuits, the Australian maker of Tim Tam cookies, and Danish butter-cookie producer Kelsen Group, according to the people...

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    18. Nissan is Said to Have Paid Stanford Tuition for Ghosn Children

      Nissan is Said to Have Paid Stanford Tuition for Ghosn Children

      Nissan Motor Co. paid tuition for all four of ousted chairman Carlos Ghosn’s children when they attended Stanford University between 2004 and 2015, according to people familiar with the matter. The perk was part of Ghosn’s employment contract from 1999, when he was hired as chief executive officer of the Japanese carmaker, said one of the people, who asked not to be named because the information isn’t public...

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    19. Deutsche Bank U.S. Employees Said to Get Major Share of Bonuses

      Deutsche Bank U.S. Employees Said to Get Major Share of Bonuses

      (Bloomberg) -- Deutsche Bank AG employees in the U.S. received the lion’s share of bonuses, according to a person familiar with the matter, as the lender cut its pool to drive down costs. The amount set aside for 2018 fell to 1.9 billion euros ($2.2 billion) from 2.2 billion euros a year earlier, the lender said in its annual report. The investment bank division saw the biggest reductions, with a decline to 1.2 billion euros from 1.4 billion euros last year including severance pay...

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    20. Activist Investor Ubben Criticizes PG&E Board Selection Process

      Activist Investor Ubben Criticizes PG&E Board Selection Process

      (Bloomberg) -- Activist investor Jeff Ubben criticized PG&E Corp. for postponing its deadline for nominating board members for a fifth time as the bankrupt utility-owner negotiates with competing shareholder groups. Ubben, ValueAct Capital Management’s chief executive officer, is part of a slate of director candidates put forth by the hedge fund BlueMountain Capital Management LLC...

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    21. TVA Chief Is Front-Runner for Bankrupt PG&E's Ceo Job

      TVA Chief Is Front-Runner for Bankrupt PG&E's Ceo Job

      (Bloomberg) -- The person to lead California utility giant PG&E Corp. out of the biggest utility bankruptcy in U.S. history may be Bill Johnson, the outgoing chief of the federally operated Tennessee Valley Authority. Johnson is PG&E’s top pick for chief executive officer, people familiar with the situation said, while cautioning that the company hasn’t made a final decision and is still discussing the potential hire...

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    22. Australia Is Pushing for More Women in Boardrooms

      Australia Is Pushing for More Women in Boardrooms

      (Bloomberg) -- Australia is making a big gender equality push in the corporate sphere -- setting a target for women to hold 30 percent of board seats for S&P/ASX 300 companies by the end of 2021. The 30% Club Australia is kicking off a campaign for the targets on Friday, which is International Women’s Day. The push is focused on smaller-cap companies...

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      Mentions: BHP Bloomberg Women
    1-24 of 121 1 2 3 4 5 »
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