1. Articles from BLOOMBERG NEWS

    73-96 of 147 « 1 2 3 4 5 6 7 »
    1. Activist Litt Pitched a Split Plan to Brookdale

      Activist Litt Pitched a Split Plan to Brookdale

      (Bloomberg) -- Activist investor Jonathan Litt made his case to split Brookdale Senior Living Inc. into a real estate investment trust and senior-housing operator to members of the company’s management, according to people familiar with the matter. Litt’s Land & Buildings Investment Management, which owns a 3.2 percent stake in Brookdale, has been pushing the company to explore ways to unlock the value of its real estate since 2016...

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    2. Ghosn’s Deferred Pay Ballooned After Shift in Rules

      Ghosn’s Deferred Pay Ballooned After Shift in Rules

      (Bloomberg) -- Carlos Ghosn’s deferred income ballooned over the past eight years as he sought to downplay his compensation in front of shareholders, a practice that was a focus of the investigation that led to the car titan’s arrest, according to people familiar with the probe. Japan started requiring executive pay be made public in 2009 amid investor backlash against high salaries...

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    3. Ghosn’s a Victim of the Nissan World He Made

      Ghosn’s a Victim of the Nissan World He Made

      (Bloomberg Opinion) -- You reap what you sow. As the auto world makes sense of Carlos Ghosn’s sudden fall from grace at Nissan Motor Co., one thing is clear: The legendary executive was a victim of dismal corporate governance at the company he sat atop for decades. Allegations against Ghosn include under-reporting his income in securities filings and making personal use of company assets...

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    4. Breaking News: Campbell Soup Reaches Deal to End Proxy Fight With Activist Loeb

      Breaking News:  Campbell Soup Reaches Deal to End Proxy Fight With Activist Loeb

      (Bloomberg) -- Campbell Soup Co. reached a settlement in its proxy battle with Dan Loeb, agreeing to give the activist investor two seats on the company’s board as well as a say in choosing a new chief executive officer. The agreement allows Loeb’s Third Point to appoint independent directors Sarah Hofstetter and Kurt Schmidt to the board and expands the board’s size to 14 from 12...

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    5. Campbell Gets Fuel in Fight With Activist After Sales Beat Estimate

      Campbell Gets Fuel in Fight With Activist After Sales Beat Estimate

      (Bloomberg) -- Campbell Soup Co. reported “improved trends” for its soup business and posted sales and profit that outpaced estimates, giving the company firmer footing in its battle with activist investor Dan Loeb. Net sales of $2.69 billion exceeded analysts’ estimate, while adjusted profit of 79 cents was well above the expected mark. Key Insights The results won’t help Loeb, who’s trying to replace the company’s board...

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    6. Telecom Italia Is Said Ready to Name Luigi Gubitosi as CEO

      Telecom Italia Is Said Ready to Name Luigi Gubitosi as CEO

      (Bloomberg) -- Telecom Italia SpA is set to name former Merrill Lynch banker Luigi Gubitosi as its new chief executive officer after Amos Genish was ousted this week by allies of an activist shareholder, according to people familiar with the matter. The 10 directors who are backed by Elliott Management Corp. agreed on Gubitosi during a conference call they held Saturday, the people said, asking not to be named since the discussions are confidential...

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    7. Barclays Faces Expulsion From European Blue-Chip Index on Brexit Bloomberg

      Barclays Faces Expulsion From European Blue-Chip Index on Brexit Bloomberg

      (Bloomberg) -- The steepest annual decline in Barclays Plc’s shares in seven years is putting the British bank in danger of losing its coveted place in the Stoxx Europe 50 index. The lender, which has come under pressure from an activist investor to shrink its trading business, has lost about 17 percent of its market value this year as Brexit-related fears weigh on U.K. banks...

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    8. Dell Is Near Deal to Win Support of Tracking Stock Holders -

      Dell Is Near Deal to Win Support of Tracking Stock Holders -

      (Bloomberg) -- Dell Technologies Inc. is close to agreeing a deal with some of the top shareholders of its tracking stock that would guarantee their support for the company’s plan to return to the public markets, according to people familiar with the matter. The improved terms under deliberation would include an increased cash component and could value the tracking stock, known as DVMT, at about $120 to $130 per share, said the people, who asked not to be identified as the details aren’t public...

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      Mentions: stake Bloomberg Dell
    9. Ousted Telecom Italia CEO Says He Was Misled by ‘Dysfunctional’ Board

      Ousted Telecom Italia CEO Says He Was Misled by ‘Dysfunctional’ Board

      (Bloomberg) -- Amos Genish says he was duped. Sent on a business trip to Asia over the weekend, the Telecom Italia SpA chief executive officer learned on a hastily summoned conference call in the early hours of Tuesday in Europe that he was out of his job. Genish was canned by a board stacked with representatives from Elliott Management Corp., the activist investor that had become increasingly weary of the former army captain turned executive...

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    10. Telecom Italia CEO Ousted in Surprise Dawn Coup by Elliott Board -

      Telecom Italia CEO Ousted in Surprise Dawn Coup by Elliott Board -

      (Bloomberg) -- The sun had yet to rise over Milan when Telecom Italia SpA’s board gathered for a conference call Tuesday morning. Dialing in thousands of miles away was Chief Executive Officer Amos Genish, who had spent the last few days in South Korea and China for business. By the time the meeting wrapped up just before 9 a.m., he was out of his job. Genish was voted out by the board members representing activist investor Elliott Management Corp., who make up 10 of the 15 directors...

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    11. Who Is Telecom Italia's CEO and Why Is His Job On the Line?

      Who Is Telecom Italia's CEO and Why Is His Job On the Line?

      (Bloomberg) -- Telecom Italia SpA Chief Executive Officer Amos Genish has held onto his job even as the stock lost a third of its value since his appointment last year. Then last week the former phone monopoly shocked investors with a $2.3 billion writedown and scrapped a key debt-reduction target. Talk of Genish’s imminent downfall has surfaced repeatedly since his main backer Vivendi SA lost control of the board to activist investor Elliott Management Corp. and its allies in May...

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      Mentions: Telecom Italia
    12. All-Male Boards at Top U.K. Firms Come Closer to Extinction

      All-Male Boards at Top U.K. Firms Come Closer to Extinction

      (Bloomberg) -- All-male boards at the U.K.’s biggest companies are nearing extinction, a sign that government efforts to increase gender parity are paying off. Just five companies in the FTSE 350 Index have no women at the top table, down from eight in 2017, according to data from the annual Hampton-Alexander Review that will be released in full Tuesday. The number has fallen dramatically since 2011 when 152 boards were men-only...

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    13. Activist Blue Harbour Discloses New Stake in Jack in the Box

      Activist Blue Harbour Discloses New Stake in Jack in the Box

      (Bloomberg) -- Activist investor Blue Harbour Group disclosed a new stake in restaurant chain Jack in the Box Inc. and may push for changes at the company. Greenwich, Connecticut-based Blue Harbour owns a 6.8 percent stake in the fast-food company and believes it is undervalued, according to a regulatory filing. The investor thinks Jack in the Box made the right decision to sell Qdoba Restaurant Corp. and divest a majority of its remaining company-owned units...

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      Mentions: stake Bloomberg Jana
    14. Symantec CEO Weighs in on Takeover Talk, Starboard

      Symantec CEO Weighs in on Takeover Talk, Starboard

      (Bloomberg) -- Symantec Corp.’s shares have slumped this year amid an internal accounting investigation and waning consumer interest in antivirus software for personal computers. Activist investor Starboard Value LP secured three board seats in a deal with the Mountain View, California-based company in September. Last week, the stock surged after a report that private equity firm Thoma Bravo had approached the cybersecurity company about a potential takeover...

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    15. Barclays Raider Bramson Lobbying Non-Executive Directors

      Barclays Raider Bramson Lobbying Non-Executive Directors

      (Bloomberg) -- Barclays Plc’s activist investor Edward Bramson is stepping up a campaign to shrink the trading business by drumming up support among the British lender’s non-executive directors, according to a person familiar with the matter. Bramson, who has also been courting fellow shareholders in California, New York and London in recent weeks, has told some that he has the firepower to increase his stake of about 5 percent, the person said...

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    16. P&G to Reorganize Structure in Move That Might Make Nelson Peltz Proud

      P&G to Reorganize Structure in Move That Might Make Nelson Peltz Proud

      (Bloomberg) -- Procter & Gamble Co. said Thursday it will simplify its corporate structure, a move likely to please activist investor and board member Nelson Peltz, who spent much of last year agitating for a reorganization to goose innovation and recapture sales. Key Insights The plan, announced at an investor day in Cincinnati, includes cost savings, better packaging and consumer communication, and a restructuring into six industry-based business units from 10...

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    17. Some Directors Forget How Many Boards They Sit On in Hong Kong

      Some Directors Forget How Many Boards They Sit On in Hong Kong

      (Bloomberg) -- Hong Kong legislator Abraham Shek sits on so many corporate boards that he sometimes can’t keep track of the exact number. Shek in an interview said he’s on "15 or 16 myself" and rejected any suggestion that this could leave him over-extended. “Some people are very efficient in reading documents,” he said...

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    18. Shell, Total Are Big Oil Standouts as Investors Can Track Carbon

      Shell, Total Are Big Oil Standouts as Investors Can Track Carbon

      (Bloomberg) -- Royal Dutch Shell Plc and Total SA are the only companies among the 10 biggest oil and gas producers in the world which disclose how their carbon emissions will decline over time, according to the first analysis of its kind by managers overseeing more than $9 trillion of funds. The Anglo-Dutch and French majors are the only companies among Big Oil to have set long-term plans to significantly reduce their carbon intensity -- or the level of emissions per unit of energy produced...

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    19. Dell Contacts DVMT Investors to Discuss Terms of Deal

      Dell Contacts DVMT Investors to Discuss Terms of Deal

      (Bloomberg) -- Dell Technologies Inc. has reached out to investors to determine what it would take to win their support for its plans to return to the public markets, a person familiar with the matter said. Shareholders, including activist investor Carl Icahn, have balked at the terms of Dell’s proposed deal to take the technology giant public through a $21.7 billion deal involving a tracking stock...

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    20. Takeda Pushes Back as Group Seeks to Stop $62 Billion Shire Deal

      Takeda Pushes Back as Group Seeks to Stop $62 Billion Shire Deal

      (Bloomberg) -- Takeda Pharmaceutical Co. Chief Executive Officer Christophe Weber pushed back against dissident shareholders seeking to stop the Japanese drugmaker’s acquisition of Shire Plc, saying he won’t release minutes of boardroom discussions. A group including members of Takeda’s founding family opposes the planned $62 billion acquisition of the U.K.-listed biotech firm, which would rank as the biggest overseas takeover by a Japanese company...

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    21. BlackRock Is Sick of Excuses for Corporate Boards Lacking Women

      BlackRock Is Sick of Excuses for Corporate Boards Lacking Women

      (Bloomberg) -- BlackRock Inc. isn’t buying excuses from companies that say they can’t find women to fill diverse slots on boards. The world’s biggest asset manager earlier this year sent letters to companies in the Russell 1000 index with fewer than two women on their boards, asking them to explain their lack of progress. Some of the responses were surprising, said Michelle Edkins, the firm’s global head of stewardship...

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    22. Dan Loeb's Third Point Funds Slump in October as Markets Tumble

      Dan Loeb's Third Point Funds Slump in October as Markets Tumble

      (Bloomberg) -- Dan Loeb’s Third Point posted losses in its funds last month, joining an array of firms that struggled in October’s market rout. The Third Point Offshore Fund dropped 6.9 percent last month, bringing its loss this year to 6.3 percent, according to an investor letter seen by Bloomberg News. The firm’s Third Point Partners LP fund also fell by a similar magnitude, bringing its loss for the year to 5.9 percent...

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    73-96 of 147 « 1 2 3 4 5 6 7 »
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