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2. Shari Redstone Alleges CBS CEO Threatened to Quit If Board Didn't Strip Redstones of Control
  
  Explore news.morningstar.com Jun 1 2018 BoardNews
  
  ...90% of directors to support such a move, a day before the CBS board held the vote. The outcome is now up to a Delaware judge. "Today's reactive complaint from NAI was not unexpected," CBS said in a statement. "The amende...
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  Mentions: CEO Special Committee Delaware
3. Shari Redstone’s Endgame for CBS and Viacom is Clear in a New Complaint
  
  Explore Recode May 29 2018 BoardBlogs
  
  ...ontrolling owner of CBS, has filed a complaint against the broadcaster and its chief executive Les Moonves in Delaware Chancery court, outlining her version of events in a saga that has pit the former allies against each...
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4. Redstones' NAI Says It Is No Longer Seeking CBS-Viacom Merger
  
  Explore BNN Bloomberg May 29 2018 BoardNews
  
  ...0342, Delaware Chancery Court (Wilmington). To contact the reporters on this story: Jef Feeley in Wilmington, Delaware at jfeeley@bloomberg.net;Nabila Ahmed in New York at nahmed54@bloomberg.net To contact the editors re...
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  Mentions: CEO Delaware Merger
5. Can Leslie Moonves’ Audacious Strategy Swing the Votes in CBS’ Favor?
  
  Explore variety.com May 24 2018 BoardBlogs
  
  ...rns about dual-class structures. Charles Elson, chair of the corporate governance center at the University of Delaware, has long argued against dual-class shares. “What this does is point out the whole problem of dual-cl...
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  Mentions: CEO hostile takeover Delaware
6. Navient Reelects Board at Annual Shareholder Meeting
  
  Explore GlobeNewswire May 24 2018 BoardNews
  
  ...nd millions of Americans achieve financial success through services and support. Headquartered in Wilmington, Delaware, Navient also employs team members in western New York, northeastern Pennsylvania, Indiana, Tennessee...
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7. Musk Keeping Board Buddy in Limbo Shows Tesla's Governance Gap
  
  Explore Bloomberg May 18 2018 BoardBlogs
  
  ... leave,” Charles Elson, director of the John L. Weinberg Center for Corporate Governance at the University of Delaware, said in a phone interview. “As a director, you are supposed to be minding the store. You are there t...
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  Mentions: Leadership Investment Corporate Governance
8. CBS Shares Plunge After Judge Says Redstone Can Challenge Voting Control Plan
  
  Explore CNBC.com May 17 2018 BoardNews
  
  ...A Delaware judge ruled in favor of National Amusements' bid to challenge a voting-control plan... National Amusements is controlled by the Redstone family, which has been trying to merge CBS and Viacom, both of...
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9. Blackwells Issues Open Letter to Supervalu Board of Directors in Response to Continued Value ...
  
  Explore businesswire.com May 17 2018 BoardNews
  
  ...he election of its slate of director nominees at the 2018 annual meeting of stockholders of Supervalu Inc., a Delaware corporation (the "Company"). BLACKWELLS STRONGLY ADVISES ALL STOCKHOLDERS OF THE COMPANY TO READ THE ...
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10. Tesla’s Board Keeps Facing Investor Grievances
  
  Explore The Washington Post May 9 2018 BoardBlogs
  
  ...d a chunk of those obligations are soon coming due. Tesla shareholders are challenging the acquisition, and a Delaware judge ruled in March that they had produced enough evidence showing the deal may have been flawed by ...
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  Mentions: Investment Corporate Governance Investors
11. Do Shareholders Need to Make a Demand Upon the Board of Directors Before Filing Suit on a Family-Owned Corporation’s Behalf?
  
  Explore National Law Review May 6 2018 BoardBlogs
  
  ...isinterested business judgment in responding to a demand upon the Companies to bring the action. Referring to Delaware law, the Court noted that in order to properly assert that a director is “interested” in the challeng...
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  Mentions: Delaware lawsuit Family-owned corporation
12. Xerox Appeals Ruling Blocking Fujifilm Deal
  
  Explore the-japan-news.com May 5 2018 BoardNews
  
  ...Charles Elson, professor of corporate governance at University of Delaware, said the confusing turn of events at Xerox give the activists more... Xerox Corp. on Friday appealed a New York court ruling to block ...
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13. Elon Musk Got Bored — and Shareholders Took the Hit
  
  Explore The Washington Post May 4 2018 BoardBlogs
  
  ..." in an earnings call, said Charles Elson, the director of a corporate governance center at the University of Delaware. Doing otherwise can "lessen analysts' confidence in your ability to lead the company forward," he sa...
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  Mentions: Investor Relations Leadership Corporate Governance
14. 'You're Not a Shareholder:' One Way Corporations Avoid Investor Opinions
  
  Explore washingtonexaminer.com May 1 2018 BoardBlogs
  
  ...ance — are not uncommon, said Charles Elson, director of the corporate governance center at the University of Delaware. "That said, I don't think it's a very good tack," he noted, comparing the move to a congress member ...
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15. Sears CEO Eddie Lampert is playing both sides. Is that ethical?
  
  Explore usatoday.com Apr 24 2018 BoardBlogs
  
  ...â said Charles Elson, director of the John L. Weinberg Center for Corporate Governance at the University of Delaware. The Sears CEO, who disclosed that he owns 49% of Sears Holdings through his hedge fund ESL, lined up...
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16. Shareholder Litigation in the Wake of the #MeToo Movement
  
  Explore Legal News, Lawyers, Law Firms Apr 13 2018 BoardBlogs
  
  ...d by using corporate funds to resolve the lawsuits. The Delaware Chancery Court dismissed the claims, and the Delaware Supreme Court affirmed, finding that plaintiff failed to plead particularized facts sufficient to ove...
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