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    1. Proxy Advisor Urges Exxon Shareholders to Vote to Oust CEO

      Proxy Advisor Urges Exxon Shareholders to Vote to Oust CEO

      HOUSTON (Reuters) - British proxy advisor Pensions & Investment Research Consultants Limited (PIRC) on Monday urged Exxon Mobil Corp shareholders to vote against the re-election of five directors, including Chairman and Chief Executive Darren Woods at Wednesday's annual general meeting. PIRC, a proxy firm that makes recommendations to shareholders, also suggested a no vote on re-electing Alexander Karsner, one of the directors put up by activist hedge fund Engine No. 1 last year...

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    2. Musk Wars with Twitter Over his Buyout Deal - on Twitter

      Musk Wars with Twitter Over his Buyout Deal - on Twitter

      Tesla CEO Elon Musk promised that taking over Twitter would enable him to rid the social media platform of its annoying “spam bots." Now he's arguing — without presenting any evidence — that there might be just too many of those automated accounts for the $44 billion deal to move ahead. The sharp turnaround by the world's richest man makes little sense except as a method to scuttle or renegotiate a deal that's becoming increasingly costly for Musk, experts said...

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    3. California Law Requiring Women on Company Boards Struck Down

      California Law Requiring Women on Company Boards Struck Down

      (Reuters) - A state court judge found California's law requiring publicly held companies to include women on their boards unconstitutional, dealing another blow to the state's push to diversify corporate leadership. Los Angeles Superior Court Judge Maureen Duffy-Lewis issued the decision on Friday in favor of three California taxpayers who sought to block enforcement of the law, according to a copy of the ruling...

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    4. Credit Suisse Shareholders Withhold Management Approval as Ire Grows

      Credit Suisse Shareholders Withhold Management Approval as Ire Grows

      (Reuters) - Credit Suisse shareholders on Friday rejected by a wide margin the board's proposal to discharge the beleaguered Swiss bank's management from liabilities for the 2020 financial year, as investor ire over a slew of costly missteps grows. The vote showed growing pushback over what has been described as a free-wheeling culture at Switzerland's second-biggest bank...

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    5. Barclays Buyback on the Ropes After Trading Blunder

      Barclays Buyback on the Ropes After Trading Blunder

      LONDON (Reuters) -Barclays has put its $1.25 billion share buyback plan on hold until talks with U.S. regulators over a major trading blunder have been resolved, piling early pressure on the British bank's new Chief Executive C.S. Venkatakrishnan. Barclays disclosed on March 28 that it had exceeded a U.S. limit on sales of structured products, triggering a loss and a potential restatement of its 2021 accounts...

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      Mentions: Barclays Buyback Bank
    6. Ventas Confirms End of Proxy Contest Following Withdrawal of Nominations by Land & Buildings

      Ventas Confirms End of Proxy Contest Following Withdrawal of Nominations by Land & Buildings

      Ventas, Inc. (NYSE: VTR) (“Ventas” or the “Company”) today confirmed that, with the 2022 Annual Meeting results imminent this week, Land & Buildings has withdrawn its nomination of proxy fight candidate Jonathan Litt, who Land & Buildings previously nominated to stand for election to the Ventas Board of Directors in connection with...

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    7. U.S. CEO Pay Soars 31% on Stock and Cash Awards, Study Finds

      U.S. CEO Pay Soars 31% on Stock and Cash Awards, Study Finds

      BOSTON (Reuters) - Median pay for top U.S. CEOs rose 31% last year to a record $20 million, a new study found, surging after a slight decline during the COVID-19 pandemic, as companies showered leaders with stock awards and cash bonuses. Chief executives receiving big pay increases included the leaders of tech giant Apple and semiconductor manufacturer Broadcom Inc,, according to the study released Monday by research firm Equilar...

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    8. Exxon, Chevron Paid Their CEOs Over $22 Million Each Last Year

      Exxon, Chevron Paid Their CEOs Over $22 Million Each Last Year

      HOUSTON (Reuters) - Exxon Mobil Corp and Chevron Corp paid their chief executives more than $22 million each last year, according to securities filings released on Thursday, the day after U.S. lawmakers accused oil companies of price gouging at a time of high gasoline prices. Exxon paid CEO Darren Woods $23.6 million last year, up from $15.6 million in 2020. Woods also received a $3.1 million cash bonus, the filing showed...

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    9. Potbelly Announces Additions to its Board of Directors

      Potbelly Announces Additions to its Board of Directors

      Potbelly Corporation (NASDAQ: PBPB) ("Potbelly" or the "Company"), the iconic neighborhood sandwich shop, today announced the addition of two new members to its Board of Directors: David Pearson, former Chief Financial Officer of Vonage and seasoned investment banker; and Jill Sutton, former Chief Legal Officer and General Counsel of United Natural Foods, Inc...

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    10. Alexandria Real Estate Equities : Elects Cynthia Feldmann to Board of Directors

      Alexandria Real Estate Equities : Elects Cynthia Feldmann to Board of Directors

      Alexandria Real Estate Equities, Inc. (NYSE: ARE), an urban office REIT and the first, longest-tenured and pioneering owner, operator and developer uniquely focused on collaborative life science, agtech and technology campuses in AAA innovation cluster locations, today announced that the Board of Directors has elected Cynthia L. Feldmann as an independent director...

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    11. Consortium Including Elliott in Talks to Buy Nielsen for $15B

      Consortium Including Elliott in Talks to Buy Nielsen for $15B

      (Reuters) - A consortium of private-equity firms including Elliott Management is in talks to buy TV ratings company Nielsen Holdings for about $15 billion including debt, the Wall Street Journal reported on Monday. Shares of Nielsen surged more than 35% on the news. Financing discussions with a number of banks are progressing and a takeover deal could be completed within weeks, the report said, citing people familiar with the matter...

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    12. Intercontinental Exchange Announces the Election of Marti Tirinnanzi to the ICE Board of Directors

      Intercontinental Exchange Announces the Election of Marti Tirinnanzi to the ICE Board of Directors

      Intercontinental Exchange, Inc. (NYSE: ICE), a leading global provider of data, technology and market infrastructure, today announced that its Board of Directors has elected Marti Tirinnanzi as a new Director, effective March 4, 2022...

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    13. McDonald's, Icahn Fight Puts Spotlight on Pig Welfare

      McDonald's, Icahn Fight Puts Spotlight on Pig Welfare

      March 3 (Reuters) - Billionaire activist investor Carl Icahn has drawn attention to the use of metal enclosures to house pregnant pigs in a dispute with McDonald's Corp over its pork suppliers' animal-welfare practices. McDonald's last month said it would remove the enclosures, known as gestation crates, from its U.S. supply chain by 2024, pushing back a 10-year goal it set in 2012...

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    14. Can Delaware Corporate Shareholders Waive Breach Of Fiduciary Duty Claims?

      Can Delaware Corporate Shareholders Waive Breach Of Fiduciary Duty Claims?

      In Manti Holdings, LLC v. The Carlyle Group Inc. , (Del. Ch. Feb. 14 2022 ) , the Delaware Court of Chancery analyzed whether a stockholder in a Delaware corporation can waive claims against corporate directors for breach of fiduciary duties. The short answer is no. Or, maybe more precisely, not yet and not without a clear waiver. The Manti plaintiffs were Authentix common stockholders...

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    15. Coca-Cola Ties Some Executive Compensation to Diversity, Green Issues

      Coca-Cola Ties Some Executive Compensation to Diversity, Green Issues

      Coca-Cola Co. on Wednesday said its board's Talent and Compensation Committee approved new performance measures for executives to include certain social and environmental goals. The company said it will now include goals to promote employee diversity, equity and inclusion, which will make up 10% of executives' 2022 annual incentive. Net operating revenue, growth and operating income growth will equally comprise the remaining 90%...

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    16. Activist Shareholder Quarz Objects to Terms of $3B Singapore REIT Merger

      Activist Shareholder Quarz Objects to Terms of $3B Singapore REIT Merger

      (Reuters) - Activist investor Quarz Capital Management said it is opposed to the terms of a proposed S$4.2 billion ($3.1 billion) merger of two Temasek-linked Singapore real estate investment trusts, saying the target firm was significantly undervalued. It is urging Mapletree North Asia Commercial Trust (MNACT) to negotiate an improved offer from Mapletree Commercial Trust (MCT), according to a Feb. 9 open letter reviewed by Reuters...

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