1. Articles in category: BoardNews

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    1. WeWork Troubles Deepen as SoftBank Pulls Tender Offer

      WeWork Troubles Deepen as SoftBank Pulls Tender Offer

      SoftBank Group said it has terminated a $3 billion tender offer for additional WeWork shares agreed last year with shareholders. The move has drawn threats of legal action and plunging the floundering office space company further into crisis. The tech investment giant said in statement that given its duty to its shareholders it could no longer proceed with the deal...

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    2. Top Comcast, NBCUniversal and Sky Executives to Donate Salary Amid Crisis

      Top Comcast, NBCUniversal and Sky Executives to Donate Salary Amid Crisis

      Comcast chief Brian Roberts, NBCUniversal CEO Jeff Shell and other division leaders at Comcast will donate their salaries to coronavirus -related relief efforts as the world grapples with the devastating pandemic. In a memo sent to Comcast’s 190,000 employees worldwide on Wednesday. Roberts said the salary donations would also be made by Comcast CFO Mike Cavanagh, Comcast Cable chief Dave Watson and Sky CEO Jeremy Darroch...

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      Mentions: Twitter CFO crisis
    3. Office Depot, Inc. Announces Board Approval of Holding Company Reorganization

      Office Depot, Inc. Announces Board Approval of Holding Company Reorganization

      Office Depot, Inc. ("Office Depot" or the "Company") (NASDAQ: ODP), a leading integrated business-to-business distribution platform of business services and supplies, today announced that following the completion of its previously announced feasibility review, its Board of Directors approved proceeding with the implementation of a holding company reorganization...

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    4. Airlines Must Suggest Possible U.S. Compensation for Grants

      Airlines Must Suggest Possible U.S. Compensation for Grants

      WASHINGTON/CHICAGO (Reuters) - Airlines must suggest possible compensation in return for government cash assistance and agree to conditions that include not cutting pay or laying off employees through Sept. 30, the U.S. Treasury Department said in guidelines issued on Monday as it prepares to quickly hand out $25 billion...

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    5. Proxy Firm Wants Shaq Off Papa John’s Board for Missing Too Many Meetings

      Proxy Firm Wants Shaq Off Papa John’s Board for Missing Too Many Meetings

      When Papa John’s signed Shaquille O’Neal to a major partnership one year ago that included nine franchises and a board seat, it was seen as a major turning point for the brand. The company had spent $50 million in 2018 to scrub founder John Schnatter’s face from pizza boxes and delivery vans, and O’Neal, a high-demand product endorser, will clearly be the marketing face of the brand moving forward...

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    6. Activist Investor Makes New Push for HC2 Board to Remove Chief Falcone: Letter

      Activist Investor Makes New Push for HC2 Board to Remove Chief Falcone: Letter

      An activist investor is stepping up calls for the board of HC2 Holdings Inc to remove Chief Executive and Chairman Philip Falcone as the former hedge fund manager faces mounting legal and financial troubles." data-reactid="23">BOSTON (Reuters) - An activist investor is stepping up calls for the board of HC2 Holdings Inc to remove Chief Executive and Chairman Philip Falcone as the former hedge fund manager faces mounting legal and financial troubles...

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    7. Tegna Confirms Two Acquisition Offers Withdrawn Amid Coronavirus Upheaval

      Tegna Confirms Two Acquisition Offers Withdrawn Amid Coronavirus Upheaval

      Tegna confirmed Sunday that two suitors for the station group have recently withdrawn acquisition offers, citing the upheaval in the broader marketplace caused by the coronavirus crisis. Tegna ’s statement is the company’s first acknowledgement that it has received four unsolicited acquisition offers in recent weeks...

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    8. Bill Ackman to Trump: Launch 'the biggest infrastructure program of all time now'

      Bill Ackman to Trump: Launch 'the biggest infrastructure program of all time now'

      Billionaire investor Bill Ackman, the CEO of hedge fund firm Pershing Square Capital, is now calling on President Trump to unleash a massive infrastructure program to bolster the U.S. economy that's reeling from COVID-19. "Mr. President, why don't you launch the biggest infrastructure program of all time now? Roads, bridges, and other infrastructure involve outdoor work that allows for social distancing...

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    9. BP, Activist Shareholder to Jointly D Climate Resolution

      BP, Activist Shareholder to Jointly D Climate Resolution

      BP and climate-focused Follow This have agreed to jointly draft a shareholder resolution on BP’s climate goals for its 2021 AGM An activist group has withdrawn a shareholder resolution urging BP to adhere to the Paris climate agreement after the oil and gas company agreed to work together on a joint resolution...

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    10. MRAG Plans to Fight for Rockwell Medical Shareholders’ Right to Vote for New Directors and Improved Board Governance

      MRAG Plans to Fight for Rockwell Medical Shareholders’ Right to Vote for New Directors and Improved Board Governance

      NEW YORK, March 25, 2020 (GLOBE NEWSWIRE) -- Medical Resource Acquisition Group, LLC (MRAG), an investment company focused on facilitating the advancement of innovative healthcare companies, intends to ensure Rockwell Medical, Inc. (RMTI; NASDAQ) shareholders will not have their voting rights suppressed by the Rockwell Board of Directors...

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    11. Activist Investor Daniel Loeb Wants to Spin-Off Sony’s Sensor Division Into New Company

      Activist Investor Daniel Loeb Wants to Spin-Off Sony’s Sensor Division Into New Company

      It’s not like any of this is unexpected news. Just last June 2019 Daniel Loeb wrote in an open letter that, “Sony’s semiconductor business is dramatically underappreciated by the market despite its position as the global leader in image sensors with over 70% revenue market share of the smartphone image sensor market.

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      Mentions: Japan stake Sony
    12. SoftBank Says Moody’s Rating Is ‘Biased and Mistaken’

      SoftBank Says Moody’s Rating Is ‘Biased and Mistaken’

      Moody’s chopped its rating on SoftBank Group debt by two notches Wednesday. The move came as a surprise to the Japanese telecom giant, which responded by asking Moody’s to withdraw all of its ratings on the company , arguing that the ratings agency has “biased and mistaken views.” The spat comes at a surprising moment. SoftBank shares (ticker: SFTBY) have had a big run over the last few days, up 55% since Friday...

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