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    1. On Shareholder Vote Reforms, BlackRock Sits on the Fence

      On Shareholder Vote Reforms, BlackRock Sits on the Fence

      BlackRock Inc declined to back or reject a regulatory proposal to reform the shareholder resolution process in a long-awaited letter distributed on Thursday, seeking instead a middle ground on a hotly contested, politicized issue. The letter provided by a spokesman for the world's largest asset manager was just one of thousands of comments filed with the U.S. Securities and Exchange Commission (SEC)...

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    2. JPMorgan Chase: CEO James Dimon's Compensation Rises to $31.5 Million -

      JPMorgan Chase: CEO James Dimon's Compensation Rises to $31.5 Million -

      JPMorgan Chase & Co. paid its chief executive, James Dimon, $31.5 million for his work in 2019, a 1.6% boost, as the bank set fresh records in profit and stock price. The pay includes $6.5 million in cash, including salary and bonus, and $25 million in stock grants that would be earned over the coming years, depending on the bank's performance...

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    3. BlackRock Built 5% Stake in Ex-Toshiba Unit at Centre of Takeover Battle-Filing

      BlackRock Built 5% Stake in Ex-Toshiba Unit at Centre of Takeover Battle-Filing

      BlackRock Inc has built a 5.12% stake in Toshiba Machine , a former Toshiba Corp subsidiary that has been targeted by Japan's most prominent activist investor, according to a regulatory filing by the U.S. asset manager. The revelation by BlackRock on Wednesday came a day after veteran activist investor Yoshiaki Murakami launched an up to $235 million hostile bid for control of the molding company...

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      Mentions: Takeover Japan stake
    4. Carl Icahn Urges U.S. SEC to 'rethink' Proposed Rule Change for Proxy Advisers

      Carl Icahn Urges U.S. SEC to 'rethink' Proposed Rule Change for Proxy Advisers

      Billionaire activist investor Carl Icahn on Monday urged the U.S. Securities Exchange Commission (SEC) to rethink a proposed rule change for proxy adviser firms, saying it would make activist investing "even more difficult and expensive to practice." The SEC earlier this month put forward new rules that would require proxy adviser firms to give companies a chance to review proxy materials before they are sent to shareholders...

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    5. Court Tosses Carl Icahn's Lawsuit Seeking Occidental Acquisition Records

      Court Tosses Carl Icahn's Lawsuit Seeking Occidental Acquisition Records

      Activist investor Carl Icahn will not have access to Occidental Petroleum Corp's Anadarko takeover records to support his proxy fight against the oil firm's board, a Delaware court judge ruled on Thursday. Icahn sued Occidental in Delaware Court of Chancery last May seeking financial records and details of its negotiations with Anadarko. He has since committed to a proxy fight to appoint new management and accelerate asset sales to repay debt taken on with the $38 billion deal...

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    6. Papa John International: New CEO Shakes Up Top Management; CFO to Leave

      Papa John International: New CEO Shakes Up Top Management; CFO to Leave

      Papa John's International Inc said on Wednesday its finance head would leave the company next year as new Chief Executive Officer Rob Lynch made a slew of top level changes to turn around the pizza chain's stuttering business. Lynch, who was previously president of Arby's Restaurant Group Inc, took over the top job in August and was tasked by activist investor Starboard Value to improve Papa John's sales, which have been dented by the negative publicity surrounding its founder John Schnatter...

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    7. Elliott Pushes Japan's Unizo to Accept $1.6 Billion Blackstone Bid

      Elliott Pushes Japan's Unizo to Accept $1.6 Billion Blackstone Bid

      TOKYO (Reuters) - Unizo Holdings' top shareholder Elliott Management pushed the Japan hotel operator to accept a $1.6 billion tender offer from Blackstone Group, warning it would take "all available measures" if it fails to do its "fiduciary duty". Activist investor Elliott's warning comes after Unizo had previously rebuffed an offer from Blackstone. The buyout group this week ratcheted up its pursuit of the company by launching the buyout offer, to which Unizo is still deciding its response...

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    8. Boeing: New Chairman Is a Boardroom Force Familiar With Crises

      Boeing: New Chairman Is a Boardroom Force Familiar With Crises

      Boeing Co.'s boardroom shakeup puts David Calhoun, a powerful behind-the-scenes figure, in position to control the aerospace giant's response to the 737 MAX crisis, one of the most fraught episodes in the company's history. Senior officials at some Boeing customers said they found the move to appoint Mr. Calhoun chairman, unveiled Friday, reassuring amid the MAX's prolonged grounding following two deadly crashes...

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    9. Special Report: Index Funds Invest Trillions But Rarely Challenge Management

      Special Report: Index Funds Invest Trillions But Rarely Challenge Management

      (Reuters) - Index funds now control half the U.S. stock mutual fund market, giving the biggest funds enormous power to influence decisions and demand better returns at the companies in which they invest trillions of dollars. But the leading U.S. index fund firms, BlackRock Inc, Vanguard Group and State Street Corp, rarely use that clout...

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    10. AT&T Boss Met Activist

      AT&T Boss Met Activist

      AT&T Inc.'s chief executive met this week with the activist investor who is pressing the company to rethink its strategy and sell off more assets, according to people familiar with the matter. AT&T boss Randall Stephenson and Jesse Cohn, the portfolio manager at Elliott Management Corp. who challenged the telecom veteran, met Tuesday in New York for an introductory conversation, the people said...

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    11. Icahn Opposes New Directors Chosen by Occidental CEO

      Icahn Opposes New Directors Chosen by Occidental CEO

      HOUSTON (Reuters) - Activist investor Carl Icahn, who has launched a proxy fight to win seats on Occidental Petroleum's board, said on Wednesday he opposed efforts by the Houston-based company to name new directors without picking from his slate. Icahn cited a Bank of America Merrill Lynch analyst's report published on Monday that Quote: d CEO Vicki Hollub as saying the oil producer's board planned to make governance changes, including the appointment of two "qualified" directors...

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    12. Applied Industrial Technologies : Elects Two New Board Members

      Applied Industrial Technologies : Elects Two New Board Members

      Applied Industrial Technologies (NYSE: AIT) today announced that Madhuri A. Andrews, Senior Vice President, Chief Digital and Information Officer of Jacobs Engineering Group Inc., and Mary Dean Hall, Senior Vice President, Chief Financial Officer and Treasurer of Quaker Houghton, have been elected to its Board of Directors. “We are very pleased to welcome Madhuri and Mary as new Board members,” said Peter C. Wallace, the Company’s Chairman...

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      Mentions: Management risk MBA
    13. Elliott Urges Scout24 to Sell Car Listings Arm, Increase Buyback

      Elliott Urges Scout24 to Sell Car Listings Arm, Increase Buyback

      FRANKFURT (Reuters) - U.S. activist investor Elliott has urged German classifieds group Scout24 to sell its car listings business and ramp up a share buyback program to boost returns to investors. By Alexander Hübner Elliott, which owns more than 7% of Scout24, accused the German company's Chief Executive, Tobias Hartmann, of showing a lack of ambition and urged his management team to take immediate remedial action...

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    14. Hudson's Bay Special Panel Says Chairman Baker's Bid Inadequate

      Hudson's Bay Special Panel Says Chairman Baker's Bid Inadequate

      (Reuters) - A special panel of Hudson's Bay Co reviewing a C$1.74 billion take-private bid for the retailer, proposed by Chairman Richard Baker and a group of shareholders, said the offer was inadequate based on an initial analysis. The Baker-led consortium, owning 57% of Hudson's Bay, had offered to buy the struggling retailer for C$9.45 per share in June...

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    15. Carl Icahn Formally Seeks to Replace Four Occidental Petroleum Directors

      Carl Icahn Formally Seeks to Replace Four Occidental Petroleum Directors

      Billionaire investor Carl Icahn has filed a formal solicitation statement with the U.S. Securities and Exchange Commission, taking another step in seeking to replace four directors at Occidental Petroleum , alleging the company's board mismanaged its $38 billion deal to buy Anadarko Petroleum...

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    16. Del Frisco Restaurant to be Taken Private by L Catterton for $267.3 Million

      Del Frisco Restaurant to be Taken Private by L Catterton for $267.3 Million

      (Reuters) - Del Frisco's Restaurant Group Inc said on Monday it agreed to be bought by private equity firm L Catterton for $267.3 million (209.7 million pounds), ending a six-month-long battle with its third largest investor which has been pushing for a sale. Del Frisco's, which owns Eagle Steak House and Frisco's Grille chains, said its shareholders will receive $8 per share, which represents a premium of 18.9% to Friday's close. Including debt, the deal is valued at $650 million...

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    17. Axalta Coating: Announces Board Changes

      Axalta Coating: Announces Board Changes

      PHILADELPHIA , June 24, 2019 /PRNewswire/ -- Axalta Coating Systems Ltd. (NYSE: AXTA) , a leading global supplier of liquid and powder coatings, today announced that Charlie Shaver has resigned as Chairman of its Board of Directors, effective June 30, 2019 , to focus on other professional commitments. The Board of Directors has appointed current Independent Presiding Director Mark Garrett as its new Chairman. Mr. Garrett also serves as Chairman of Axalta's Strategic Review Committee...

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