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    1. Former Uber CEO Travis Kalanick Just Became an Actual Billionaire with $1.4 Billion in Cash, and he Plans to Start Giving it Away

      Former Uber CEO Travis Kalanick Just Became an Actual Billionaire with $1.4 Billion in Cash, and he Plans to Start Giving it Away
      • It's been a good day for the former Uber CEO Travis Kalanick.
      • A deal with perhaps the most powerful investor in tech, one that had been in the works for months, closed on Thursday.
      • That deal dropped a cool $1.4 billion in cash into Kalanick's pocket and will soon end a contentious lawsuit with his biggest investor, Benchmark.
      • Kalanick's first order of business is setting up a charitable foundation and donating a big chunk of his money to it, Business Insider has learned...
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      Mentions: CEO Uber SoftBank
    2. Vanguard's Chairman Says Cryptocurrencies Pose an ‘Idiosyncratic Risk’

      Vanguard's Chairman Says Cryptocurrencies Pose an ‘Idiosyncratic Risk’
      • Vanguard Group chairman F. William McNabb said Thursday that the ongoing cryptocurrency boom worries him “a little bit.”
      • "If something’s too good to be true, it probably is," he told Bloomberg TV.

      Vanguard Group chairman F. William "Bill" McNabb remains hesitant about the cryptocurrency craze, he told Bloomberg TV on Thursday...

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    3. PPL Corporation Names Former Brown-Forman Executive to its Board of Directors

      PPL Corporation Names Former Brown-Forman Executive to its Board of Directors

      ALLENTOWN, Pa. , Jan. 18, 2018 /PRNewswire/ -- PPL Corporation ( NYSE: PPL ) announced today that Phoebe A. Wood , an executive with three decades of international, financial and operational management experience, will join the company's board of directors. Wood, currently the principal of investment firm CompaniesWood, has been elected to the PPL board, effective January 18, 2018...

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    4. NYSE Dividend Notification Changes Effective February 1st

      NYSE Dividend Notification Changes Effective February 1st

      On February 1, 2018, the amendments to the New York Stock Exchange Listed Company Manual adopted in August 2017 become effective. These amendments will require listed companies to notify the NYSE at least 10 minutes before a company announces any dividend or stock distribution or the fixing of a record date for any dividend or stock distribution, even if the announcement is made outside of market hours...

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      Mentions: Dividend NYSE
    5. Mellanox Confirms Receipt of Director Nominations from Starboard Value

      Mellanox Confirms Receipt of Director Nominations from Starboard Value

      Further, Mellanox is strongly committed to best-in-class corporate governance and is recognized by ISS governance analysis as possessing the best governance profile, including the highest board structure score, amongst its peers. The Mellanox Board takes its fiduciary duties seriously, is strongly ...

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    6. Activist Investors Take Aim at Journeys’ Parent Company

      Activist Investors Take Aim at Journeys’ Parent Company

      Genesco Inc. has joined a growing list of publicly traded firms attracting activist shareholder interest in the current retail climate. In a filing with the U.S. Securities and Exchange Commission on Tuesday, investment firms Legion Partners Asset Management LLC and 4010 Capital LLC disclosed their intent to drive change at Genesco, which has seen some unevenness in recent months...

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    7. Homology Medicines Appoints Matthew R. Patterson to Board of Directors

      Homology Medicines Appoints Matthew R. Patterson to Board of Directors

      BEDFORD, Mass., Jan. 17, 2018 /PRNewswire/ -- Homology Medicines, a genetic medicines company, announced today the appointment of Matthew R. Patterson, Co-Founder, President and Chief Executive Officer of Audentes Therapeutics, to Homology's Board of Directors . Mr. Patterson is a biotech ...

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    8. Cornerstone OnDemand (CSOD) to Separate Chairman and CEO Roles, Declassify its Board

      Cornerstone OnDemand (CSOD) to Separate Chairman and CEO Roles, Declassify its Board

      Cornerstone will separate the chairman of the board and CEO roles and move to declassify its board of directors . Additionally, long-tenured directors Mark Baker, Hal Burlingame and Joe Payne announced their plans to retire from the board. The company plans to separate the chairman and CEO roles ...

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    9. Ericsson Flags $1.77 Billion Write-Down

      Ericsson Flags $1.77 Billion Write-Down

      Ericsson AB's costly turnaround continues.

      The Swedish telecommunications-equipment maker said it expects to write down another 14.2 billion Swedish kronor ($1.77 billion) in assets, as it struggles to retool itself in the face of slowing sales and nimbler Chinese rivals. It is the latest in a series of charges amounting to more than $5 billion over the past two years.

      Over that period, Ericsson has replaced its chief executive and chairman, shed thousands of jobs and racked up quarterly losses. It has also tussled with an activist investor, who ultimately won a role picking board members...

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    10. Rethinking Stakeholder Engagement for the New Millennium

      Rethinking Stakeholder Engagement for the New Millennium

      What does stakeholder engagement mean in the 21 st century? How has the topic gained such traction over the past few years? What is the role of the compliance professional in stakeholder engagement? How does increased stakeholder engagement help to make companies stronger, more efficient and, most critically, more profitable?..

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    11. SandRidge to Meet with Investor Icahn to Quell Rising Tensions

      SandRidge to Meet with Investor Icahn to Quell Rising Tensions

      HOUSTON, Jan 17 (Reuters) - SandRidge Energy Inc is expected to meet with activist investor Carl Icahn on Wednesday over his demands for a board shake-up and other governance changes, part of a bid by the U.S. shale oil producer to quell tensions with its largest shareholder and most outspoken critic. Icahn said in December he was considering a proxy contest to remove some or all of SandRidge’s directors...

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    12. Chief Executive Opens the Door to GE Breakup

      Chief Executive Opens the Door to GE Breakup

      Could the sun finally be setting on the General Electric empire? Chief executive John Flannery on Tuesday raised the prospect of ending GE’s long life as one of the world’s best-known industrial conglomerates by floating the idea of spinning off one or more of its remaining three core businesses into separately traded companies. The breakup of the company born in Thomas Edison’s labs is one of the more radical ...

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      Mentions: Management CEO crisis
    13. US Bancorp (USB) Names CEO Andy Cecere Chairman of the Board; Richard Davis to Retire

      US Bancorp (USB) Names CEO Andy Cecere Chairman of the Board; Richard Davis to Retire

      U.S. Bancorp (NYSE: USB), parent company of U.S. Bank, the fifth largest commercial bank in the United States, announced today that Andy Cecere, President and Chief Executive Officer (CEO), has been named Chairman of the Board of Directors , effective at the Annual Meeting of Shareholders in April ...

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