As part of the agreement, the Board of Directors has appointed two new independent directors, Gerardo I. Lopez and Robert A. Steele, effective immediately. Additionally, the company intends to nominate Bridget Ryan Berman from Starboard's slate, who has been mutually-agreed upon by Starboard ...
(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...
The group has an online petition demanding that Wells Fargo fire its board of directors and CEO Tim Sloan, pay restitution to customers affected by the bank's scandals, and not interfere with employees' efforts to unionize. CCI is also critical of Wells Fargo for its refusal to sever ties with the National Rifle ...
The median Walmart worker’s salary was $19,177 — 0.015% of the CEO’s salary. The ratio to McMillon’s total compensation was 1,888 to 1. Under a 2015 rule mandated by the Dodd-Frank Act, companies are now required to report their CEO pay in comparison to the median worker...
April 20, 2018 - The Board of Directors of McKesson today released its response to a request from the International Brotherhood of Teamsters, a McKesson stockholder, that the Board perform an investigation into senior management's and the Board's oversight of McKesson's compliance with its legal and regulatory obligations relating to the distribution of opioids. An independent investigation was performed by a Special Review Committee (SRC) of the Board composed of ...
Companies implementing change for gender equality is something Kate Hudson would get behind, the American actress and businesswoman said...
Activist investor Jana Partners disclosed a 9.1 percent stake in Pinnacle Foods and said it would seek talks with the company on a range of subjects...
(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...
Federal regulators are poised to impose a $1 billion penalty on Wells Fargo for a variety of alleged misdeeds, the New York Times reports...
Emboldened by last year’s successful campaigns against excessive executive pay, some of the world’s biggest investors are shifting their focus to women -- or the lack thereof -- on corporate boards...
Wynn Resorts has added three women to its board: Dee Dee Myers, who was a White House spokeswoman in the Clinton administration; Betsy Atkins, an advocate of stronger corporate governance ; and Wendy Webb, a former investor-relations chief for Disney. (Bloomberg). • Deutsche Bank's C.O.O. ...
...who has owned stock in AutoNation since 2000, was rejected by 72 percent of shareholders. Chevedden is an activist shareholder who makes proposals at the nation’s largest companies. He has had some success in getting proposals approved. He couldn’t immediately be reached for comment after the vote because he was not at the meeting. The proposal was made in person by Heather Mar, who did not otherwise identify herself....
Bloomberg | Apr 19, 2018 Procter & Gamble Co. agreed to buy Merck KGaA’s consumer-health business for 3.4 billion euros (US$4.2 billion) to bolster growth, betting that vitamins and decongestants can hasten its comeback...
Before Yahoo was swallowed up by Verizon, it was a struggling internet company led by CEO Marissa Mayer, trying to bring back its glory days...
ZURICH (Reuters) - Activist investor RBR Capital Advisors, which last year called for Credit Suisse to be broken up, does not hold any registered shares in the bank, both parties said on Wednesday...
(Reuters) - Shire ( SHP.L ), the $47 billion (£33.1 billion) rare disease drugmaker being stalked by Japan’s Takeda Pharmaceutical ( 4502.T ), faces fresh criticism over its executive pay policy from a leading investor advisory group as a crunch week approaches...
Elaine Wynn, the ex-wife of toppled casino CEO Steve Wynn is urging the company's board of directors to hold off on making any big decisions ... I am also the Company's co-founder, with an interest in fully restoring its reputation and in transforming it into a corporate governance leader,” Elaine Wynn ...
Both the substance of the proposed value-destroying transaction and the conflict-tainted process by which it was hatched are an insult to long-suffering Xerox shareholders and make a mockery of well-established corporate governance norms. Fuji - with the able assistance of Xerox CEO Jeff Jacobson ...
The acrimonious fight over the future of Xerox Corp. looks set to worsen after two of its largest shareholders, activist investor Carl Icahn and Darwin Deason, released a report alleging widespread corporate governance failures in the way the company negotiated its $6.1 billion sale to Fujifilm Holdings Corp...
LONDON (Reuters) - Shareholders should reject the executive pay plans of Britain’s biggest bank HSBC ( HSBA.L ), a leading shareholder advisory group said on Tuesday...
One in 10 of Britain’s biggest firms falling short on boardroom gender targets Oil giant BP is among 35 companies being taken to task for failing to meet gender targets (Nick Ansell/PA) 0 comments Oil giant BP and retailer Sports Direct are among 35 of the UK’s biggest companies being taken to task for failing to meet targets to increase the number of women in the boardroom...
STAMFORD, Conn., Corporate Board Member, a division of Chief Executive Group and a market leader in board education, along with Spencer Stuart, a global, senior executive search firm, have released the results of the 15th annual What Directors Think survey, which reflects the opinions of more than 200 directors at publicly traded U.S. companies...
HOUSTON, April 17, 2018 (GLOBE NEWSWIRE) -- Whitestone REIT (NYSE: WSR) (“Whitestone” or the “Company”) announced today that its Board of Trustees and management team has sent a letter to shareholders in connection with Whitestone’s upcoming 2018 Annual Meeting of Shareholders to be held on May 17, 2018...