1. Articles in category: BoardNews

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    1. WeWork CEO Adam Neumann Sold Some of His WeWork Stake

      WeWork CEO Adam Neumann Sold Some of His WeWork Stake

      Today, we learn that WeWork CEO Adam Neumann has cashed out more than $700 million from the company ahead of its IPO via a mix of stock sales and debt, according to The Wall Street Journal. He has reportedly sold some of his stake in the company and borrowed against some of his holdings.The story notes that Neumann recently set up a family office to invest the proceeds and has begun to hire financial professionals to run it....

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      Mentions: WeWork Adam Neumann
    2. 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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    3. Bramson Bids Goodbye to Electra, Sherborne's Welker to Join Board

      Bramson Bids Goodbye to Electra, Sherborne's Welker to Join Board

      LONDON (Reuters) - Activist investor Edward Bramson is resigning from the board of Electra to focus on other commitments after leading a four-year transformation of the British private equity firm. Bramson, who has served as a director since 2015, was also the company's Chief Executive between 2016 and 2017, and was chiefly responsible for a sweeping overhaul of the firm's investment portfolio and governance...

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    4. UK: De La Rue Hits Back at Activist Investor's Threat to Oust Chairman

      UK:  De La Rue Hits Back at Activist Investor's Threat to Oust Chairman

      D e La Rue has hit back at activist investor Crystal Amber’s threats to oust the banknote and passport printer’s chairman at next week’s annual meeting as “precipitous and destabilising” for the company. Crystal Amber - De La Rue’s third-biggest investor with a 6.3pc stake - warned the company on Tuesday it would call a special meeting unless chairman Philip Rogerson stepped down on or before the July 25 annual meeting...

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    5. India: Anand Mahindra to Ban Plastic Bottles from Boardrooms, Takes Advice from Twitter

      India:  Anand Mahindra to Ban Plastic Bottles from Boardrooms, Takes Advice from Twitter

      Mahindra Group Chairman Anand Mahindra has said he would ban plastic bottles from corporate boardrooms, after a Twitter user pointed them out in a photo of a meeting shared by him. Anand Mahindra replied to a woman who pointed out the plastic bottles at a boardroom meeting in the picture. "The K.C.M.E.T scholarship selections are amongst the most energising engagements in my calendar...

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    6. Hedge Fund Elliott Buys Stake in Saga

      Hedge Fund Elliott Buys Stake in Saga

      (Reuters) - Activist investor Elliott has taken a position in Britain's Saga Plc , less than a month after the specialist tourism and insurance firm warned that discounting was taking a heavy toll on its tours business. Elliott Capital Advisors disclosed a 5.14% stake in Saga as at July 12, a filing showed on Wednesday...

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    7. Uber Will Tie Executive Compensation to Meeting Diversity Goals

      Uber Will Tie Executive Compensation to Meeting Diversity Goals

      Uber’s workforce may still be mostly white men, but the company says it is taking new measures to diversify its staff, especially managerial roles. The newly public ride-hailing company released on Monday its latest diversity report, which included a breakdown of its US workforce by race or ethnicity and gender. White men still make up the majority (30.1%) of its staff, a pattern that is even more evident in leadership, tech, and leadership in tech roles...

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    8. HomeStreet Comes to Terms with Activist Investor

      HomeStreet Comes to Terms with Activist Investor

      After sparring for months with HomeStreet (NASDAQ: HMST ), Blue Lion Capital agrees to sell all of its 1,692,401 shares of HomeStreet common stock to the company for $31.16 per share. Per-share price represents a 5.9% premium to HomeStreet's closing price of $29.43 yesterday. Blue Lion agrees to certain standstill provisions for three years...

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    9. Vodafone CEO Takes $1.6 Million Bonus Cut After Share Slide

      Vodafone CEO Takes $1.6 Million Bonus Cut After Share Slide

      The move heads off a potential showdown with investors at the company’s annual shareholder meeting on July 23. Institutional Shareholder Services, one of the most influential proxy advisers, had recommended that Vodafone shareholders reject the company’s remuneration report. Vodafone’s decision reflects growing scrutiny over high executive pay...

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    10. Jeffrey Epstein Was the Sole Director of Private Equity Guru Leon Black's Family Foundation for More than a Decade. Epstein Stayed on Even After Pleading Guilty to Soliciting Prostitution.

      Jeffrey Epstein Was the Sole Director of Private Equity Guru Leon Black's Family Foundation for More than a Decade. Epstein Stayed on Even After Pleading Guilty to Soliciting Prostitution.
      • Jeffrey Epstein, the financier charged with sex trafficking minors, was the sole director for private equity giant Leon Black's family foundation for more than a decade, tax filings seen by Business Insider reveal. Epstein stayed on even after pleading guilty to soliciting prostitution.
      • Black co-founded $247 billion Apollo Global Management. He and his wife started a foundation in 1998 that donates to groups including a charter school network and religious organizations...
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      Mentions: Jeffrey Epstein
    11. Breaking News: Deutsche Bank is Cutting 18,000 Jobs, Exiting the Stock Sales and Trading Business, and Shuffling Leadership in a 'radical transformation'

      Breaking News:  Deutsche Bank is Cutting 18,000 Jobs, Exiting the Stock Sales and Trading Business, and Shuffling Leadership in a 'radical transformation'
      • Deutsche Bank announced that as part of a "radical transformation," it's cutting 18,000 jobs by 2022.
      • The bank says it's dropping its stock sales and trading unit, and creating a new "Corporate Bank" to focus on commercial and corporate clients.
      • The bank also announced that Chief Regulatory Officer Sylvie Matherat and retail head Frank Strauß will be leaving the company...
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      Mentions: Deutsche Bankl
    12. Superdry Moves to Fill Boardroom Seats after Dunkerton's Bruising Battle

      Superdry Moves to Fill Boardroom Seats after Dunkerton's Bruising Battle

      The company said Helen Weir will become senior independent director and Alastair Miller will be the chair of the audit committee." data-reactid="23">The company said Helen Weir will become senior independent director and Alastair Miller will be the chair of the audit committee. "Since becoming Chairman in April it has been a priority of mine to restore the Board to full strength and these appointments are a big step in that direction," said Chairman Peter Williams...

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      Mentions: Superdry
    13. Broadcom Is in Advanced Talks to Acquire Symantec

      Broadcom Is in Advanced Talks to Acquire Symantec

      (Bloomberg) -- Broadcom Inc. is in advanced talks to buy cybersecurity firm Symantec Corp., according to people familiar with the matter, seeking a further expansion into the more profitable software business.Broadcom could reach an agreement to buy the Mountain View, California-based company within weeks, said the people, who asked to not be identified because the matter isn’t public...

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      Mentions: Broadcom Symantec
    14. Sen. Elizabeth Warren Calls on ex-FDA Chief Gottlieb to Resign from Pfizer’s Board, says it ‘smacks of corruption’

      Sen. Elizabeth Warren Calls on ex-FDA Chief Gottlieb to Resign from Pfizer’s Board, says it ‘smacks of corruption’

      Sen. Elizabeth Warren on Tuesday called on the former head of the Food and Drug Administration, Scott Gottlieb, to resign from Pfizer’s board of directors, saying the appointment months after leaving the agency “smacks of corruption.” “This kind of revolving door influence-peddling smacks of...

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    1-24 of 9582 1 2 3 4 ... 398 399 400 »
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