Quotient Technology Inc. (NYSE: QUOT) (“Quotient” or the “Company”), the leading digital media and promotions technology company, today announced that it has appointed Kimberly Anstett to the Company’s Board of Directors...
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...
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...
(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...
(Reuters) - BP shareholders on Thursday backed the energy company's climate strategy, while fewer investors than last year supported a resolution filed by an activist group urging faster action to battle climate change...
(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...
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...
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...
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...
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...
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...
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...
Kadant Inc. (NYSE: KAI), a global supplier of technologies and engineered systems, today announced the expansion of the board of directors from six to seven directors and the appointment of Rebecca Martinez O’Mara to its board of directors...
(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...
(Reuters) - Credit Suisse executives took home less pay in 2021, its annual report showed on Thursday, as top managers saw bonuses slashed by nearly two-thirds over a series of scandals and a 1.65 billion Swiss franc ($1.78 billion) annual loss...
Sensei Biotherapeutics, Inc.(NASDAQ: SNSE), an immunotherapy company focused on the discovery and development of next-generation therapeutics for cancer, today announced the appointment of William (Bill) Ringo, MBA, as chair of its 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...
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...
Employers Holdings, Inc., (NYSE: EIG) today announced the appointment of Alex Perez-Tenessa to the Board of Directors, effective March 2, 2022...
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...
In addition to Mr. Frommer and Ms. Weisberg, the Company's Board of Directors now consists of Joanna Bloor, Brad Justus, and Lorraine Hendrickson as its independent members...
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%...
LONDON (Reuters) -Glencore will set aside $1.5 billion for probes into bribery and market manipulation, which it expects to resolve in 2022, it said on Tuesday, as it announced record earnings from booming raw materials prices. It also promised a $4 billion payout to its investors...
(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...