(Reuters) - Activist investor Elliott, which is currently stepping up its campaigns in Europe, is close to taking a stake in Thyssenkrupp ( TKAG.DE ), a source familiar with the matter said, increasing pressure on management to restructure the group...
BOSTON (Reuters) - Activist investor Keith Meister on Monday reunited with billionaire investor Carl Icahn and said in a regulatory filing that they may try to buy oil and gas producer Energen Corp...
NEW YORK (Reuters) - David Tepper’s Appaloosa Management and two of his funds received Federal Trade Commission clearance earlier this week that could clear the way for the billionaire to become an activist investor in drugmaker Allergan Plc....
JERUSALEM (Reuters) - Activist investor Elliott Advisors on Thursday urged the board of Bezeq Israel Telecom ( BEZQ.TA ) to appoint a new chief executive and consider implementing a share buy-back program...
(Reuters) - Shareholder advisory groups and a top-10 investor in Uniper ( UN01.DE ) have backed the utility’s management as it seeks to fend off calls for an investigation into whether it sought to block the sale of a major stake in the company...
May 15 (Reuters) - Criticism mounted over Tesla Inc board’s move to renominate three directors, including CEO Elon Musk’s brother Kimbal Musk, with proxy adviser Glass Lewis & Co on Tuesday opposing their re-election and seeking appointment of an independent chairman. Glass Lewis & Co said Tesla shareholders should vote against lead independent director Antonio Gracias, Kimbal Musk and James Murdoch, chief executive of Twenty-First Century Fox Inc.. .
HOUSTON (Reuters) - Shareholders of oil producer ConocoPhillips ( COP.N ) rejected a proposal at their annual meeting on Tuesday that would have linked executive compensation with U.S. accounting standards. FILE PHOTO: A Phillips66-owned Conoco gasoline station in St. Louis, Missouri January 14, 2015...
(Reuters) - Billionaire investor Carl Icahn has sold his stake in AIG ( AIG.N ), Forbes reported on Monday, ending a more than two-year association with one of the largest U.S. property and casualty insurers...
(Reuters) - SandRidge Energy ( SD.N ) said on Friday it would increase its board size to seven from five to allow investors to elect two of activist investor Carl Icahn’s nominees. An electronic display identifies the post that trades SandRidge Energy stock on the floor of the New York Stock Exchange, January 11, 2013...
May 3 (Reuters) - U.S. hedge fund Elliott is stepping up its activities in Europe, a Reuters review of data shows, as it sees more opportunities to unlock value for shareholders by pushing through management changes, company break-ups and merger deals. Filings with regulators show that eight of Paul Elliott Singer’s activist fund’s 15 ...
NEW YORK (Reuters Breakingviews) - Tesla is speeding toward capital-raise crunch time. The electric-car maker on Wednesday reported a loss of $710 million in the first three months of the year. It also experienced a slew of other problems, including annoying a regulator after disclosing information about a fatal crash and losing more key staff. A Tesla Supercharger station is shown in Cabazon, California, U.S. May 18, 2016...
ZURICH, May 2 (Reuters) - Meyer Burger’s shareholders dealt its directors an embarrassing blow on Wednesday when they rejected the loss-making Swiss technology company’s salary plans for 2017. Shareholders in Switzerland have a right to vote on executive pay under changes introduced in 2013, but although such rejections are rare Meyer Burger’s pay plan will still go ahead because its vote was non-binding...
BEVERLY HILLS, Calif. (Reuters) - The U.S. House of Representatives could vote in May on a bill easing bank rules adopted after the 2007-2009 global financial crisis, a leading Republican lawmaker said on Monday...
(Reuters) - Shareholders showed increased approval for Credit Suisse’s management pay on Friday while backing all compensation-related items at the banking group’s annual meeting. A year after shareholders railed against high executive pay, investors have been soothed by a change to its compensation scheme and a pickup in its turnaround. Shareholders voted in favour of the bank’s 2017 compensation report with 80.8 percent support, up from 57.98 percent the prior year...
DUBLIN (Reuters) - Most of Allied Irish Banks’ (AIB) ( AIBG.I ) institutional shareholders backed a proposal to introduce a deferred share plan for senior executives that the government used its majority shareholding to block last week. Chief Executive Officer of Allied Irish Bank Bernard Byrne looks on at the Allied Irish Bank Annual General Meeting in Dublin, Ireland April 27, 2017...
NEW YORK (Reuters) - United Airlines’ ( UAL.N ) chief executive decided to do without his 2017 annual bonus and the carrier’s board chairman will step down, United said in a regulatory filing on Monday, amid ongoing fallout surrounding its customer-service failures...
WASHINGTON/BOSTON (Reuters) - Wells Fargo & Co’s ( WFC.N ) disclosure of how its chief executive’s pay compares to the rest of its workforce has drawn criticism from some company employees ahead of the scandal-plagued bank’s annual shareholder meeting....
(Reuters) - Activist investor Elliott Management Corp on Monday proposed the addition of three independent members to the board of Hyundai Motor Group in a document laying out its agenda after taking a more than $1 billion stake in the carmaker...
(Reuters) - Proxy advisory firm Institutional Shareholder Services on Thursday recommended Crescent Point Energy Corp ( CPG.TO ) shareholders vote for activist investor Cation Capital’s two nominations to the oil and gas producer’s board...
LONDON (Reuters) - Royal Dutch Shell defended its ambition to cut carbon emissions on Monday, urging investors to oppose a shareholder resolution arguing that the oil and gas giant is not doing enough to meet international targets to tackle climate change...
(Reuters) - Activist investor Carl Icahn said on Monday that he plans to nominate five members to SandRidge Energy’s board. Billionaire activist-investor Carl Icahn gives an interview on FOX Business Network's Neil Cavuto show in New York, U.S. on February 11, 2014...
(Reuters) - A lawsuit is alleging that Xerox Corp ( XRX.N ) Chief Executive Officer Jeff Jacobson pursued a deal with Fujifilm Holdings Corp ( 4901.T ), even after Xerox’s board advised him to halt negotiations, the Wall Street Journal reported on Sunday. FILE PHOTO - Xerox chief executive officer, Jeff Jacobson, takes part in an interview on the floor of the New York Stock Exchange (NYSE) in New York, U.S., January 4, 2017...
HOUSTON (Reuters) - Exxon Mobil Corp ( XOM.N ) Chairman and Chief Executive Darren Woods’s compensation package rose about 4 percent last year to $17.5 million, his first year running the world’s largest publicly traded oil producer...
Proxy advisory firm Institutional Shareholder Services (ISS) on Friday recommended Wells Fargo & Co shareholders vote for all Wells Fargo board nominees at the bank’s annual meeting on April 24...
