1. Articles in category: BoardNews

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    1. Billionaire Investor Carl Icahn Dumped all of his Hertz Shares at an Almost $2 Billion Loss After the Car Rental Giant's Bankruptcy

      Billionaire Investor Carl Icahn Dumped all of his Hertz Shares at an Almost $2 Billion Loss After the Car Rental Giant's Bankruptcy

      Carl Icahn gives an interview on FOX Business Network in 2014 Reuters Carl Icahn dumped his 39% stake in Hertz at a loss of nearly $2 billion on Tuesday. The billionaire investor sold his 55.3 million shares for less than $40 million after the car-rental agency filed for bankruptcy last week, a financial filing showed . "I sold my equity position at a significant loss, but this does not mean that I don't continue to have faith in the future of Hertz," Icahn said in the filing...

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    2. Delaware Bankruptcy Court Rules that Shareholder Cannot Enforce “Golden Share” Blocking Right to Dismiss Bankruptcy Filed Without its Consent

      Delaware Bankruptcy Court Rules that Shareholder Cannot Enforce “Golden Share” Blocking Right to Dismiss Bankruptcy Filed Without its Consent

      As the COVID-19 pandemic continues to disrupt businesses and markets, and companies begin to look to bankruptcy courts for relief from the resulting liquidity and operational distress, the issue of creditor and shareholder “blocking rights” seems likely to become an important topic as parties attempt to protect their investments...

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    3. WeWork is Set to Vote on Adding 2 New Independent Board Members After Big Investors Suing SoftBank Unsuccessfully Tried to Stop It

      WeWork is Set to Vote on Adding 2 New Independent Board Members After Big Investors Suing SoftBank Unsuccessfully Tried to Stop It
      • WeWork's board is set to vote on Friday to add two temporary independent directors to the SoftBank-controlled board.
      • The duo, who bring deep business and legal expertise, would decide whether the current lawsuit against SoftBank can continue.
      • A pair of current board members – the only non-SoftBank-affiliated directors – contested the additions in court on Wednesday, arguing that the process would hurt WeWork's minority shareholders...
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    4. Influential Advisory Firm Urges Shareholders To Just Say No To Big Media And Big Tech Executive Pay Policies

      Influential Advisory Firm Urges Shareholders To Just Say No To Big Media And Big Tech Executive Pay Policies

      Institutional Shareholder Services, an influential de facto corporate watchdog, is advising stockholders to vote no on executive compensation for NetflixComcastand Google parent Alphabet at annual meetings this week and next, while slamming the pay criteria at Facebook...

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    5. GameStop Issues Investor Presentation Highlighting its Progress Driving Value for All Stockholders

      GameStop Issues Investor Presentation Highlighting its Progress Driving Value for All Stockholders

      GameStop Corp. (NYSE: GME) (the “Company”) today announced that it has filed a detailed investor presentation titled “Driving Value for All Stockholders,” highlighting GameStop’s significant recent refreshment of the Board and management, as well as leadership’s successful progress on executing the business transformation plan “GameStop Reboot.”...

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    6. Liberty Global Plays Down CEO’s Potential Nine-Figure Pay Packet

      Liberty Global Plays Down CEO’s Potential Nine-Figure Pay Packet

      (Bloomberg) -- Liberty Global Plc’s Chief Executive Officer Mike Fries is in line for as much as $123 million in compensation, filings ahead of its June 30 annual meeting show. The company was keen to call that gross figure misleading. Fries is able to bank about $50 million for the year finished 2019. About half of that is equity awards. The larger nine-figure number in the proxy filing includes unearned performance-related income rolled in from the next five years, the company said...

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    7. Mack-Cali Board Minority Accuses Colleagues of Ignoring Concerns

      Mack-Cali Board Minority Accuses Colleagues of Ignoring Concerns

      (Bloomberg) -- Four Mack-Cali Realty Corp. directors elected last year after a proxy fight with one of the company’s largest investors are going public with claims their views are being ignored as another boardroom battle comes to a head. The foursome is taking the unusual step of issuing a rebuke of the board’s old-guard majority, arguing they are disregarding concerns about the strategic direction of the real estate investment trust...

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    8. Starboard Delivers Open Letter to GCP Shareholders

      Starboard Delivers Open Letter to GCP Shareholders

      /PRNewswire/ -- Starboard Value LP (together with its affiliates, "Starboard"), one of the largest shareholders of GCP Applied Technologies Inc. ("GCP" or the "Company")(NYSE: GCP ), with an ownership interest of approximately 9% of the Company's outstanding shares, today delivered an open letter to GCP shareholders in connection with the Company's upcoming Annual Meeting of Shareholders...

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    9. Shell Policies on Directors' Pay and Carbon Emissions in Spotlight

      Shell Policies on Directors' Pay and Carbon Emissions in Spotlight

      Investors have signalled unease about Royal Dutch Shell’s boardroom pay policy at the company’s annual general meeting. Around seven per cent of votes cast opposed approval of the directors’ remuneration policy of the oil giant at the meeting. Chief executive Ban van Beurden’s total remuneration dropped by around £9m last year, from £17.8m in 2018, following a fall in the value of his performance-related awards...

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    10. Sony Poised To Buy Finance Unit for $3.7 Billion

      Sony Poised To Buy Finance Unit for $3.7 Billion

      Japanese electronics to entertainment giant Sony is expected to offer up to $3.7 billion (JPY400 billion) to take full control of its finance division. The move would shore up its profits. Sony president and chief executive Kenichiro Yoshida is scheduled to make an hour-long presentation on group strategy on Tuesday afternoon local time. The Nikkei newspaper said that the move to take private the finance division would be announced then...

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    1-24 of 10253 1 2 3 4 ... 426 427 428 »
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