BoardNews -BoardProspects

Articles in category: BoardNews

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1. Starboard Gauges Bristol-Myers Shareholder Support for Celgene Deal
  
  Explore Stock Market Quotes and News Feb 16 2019 BoardNews
  
  (Reuters) - Activist hedge fund Starboard Value LP has asked a proxy solicitor to probe the level of support among Bristol-Myers Squibb Co shareholders for the U.S. drug maker's $74 billion (57 billion pounds) deal to buy Celgene Corp, people familiar with the matter said on Friday. The acquisition would be the biggest pharmaceuticals deal ever and would unite two major sellers of cancer drugs. Starboard has not decided whether it would oppose the Celgene deal, the sources said...
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  Mentions: Hedge Fund acquisition Bristol-Myers Squibb
2. Nelson Peltz's Trian Fund Management Sells $120 Million in Procter & Gamble Stock
  
  Explore Financial Investment News Feb 15 2019 BoardNews
  
  Nelson Peltz’s Trian Fund Management has sold Procter & Gamble (ticker: PG) for the first time since Peltz joined the company’s board after a contentious election two years ago...
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  Mentions: Management Nelson Peltz Procter & Gamble
3. EBay Cuts 135 Jobs, Announces Reorganization Amid Investor Pressure
  
  Explore Home - San Jose Mercury News Feb 15 2019 BoardNews
  
  As an activist investor calls for big changes at eBay, the online commerce giant has announced a reorganization and laid off 135 employees this week...
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  Mentions: Activist Investors eBay
4. Govt Mulls Making Outside Director System Mandatory
  
  Explore the-japan-news.com Feb 15 2019 BoardNews
  
  Toshiba Corp., once regarded as a model of good corporate governance , was one of the first Japanese companies to appoint an external director...
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  Mentions: Corporate Governance Independent Director Toshiba
5. Icahn Bets on Caesars' Sale
  
  Explore Stock Market Today Feb 15 2019 BoardNews
  
  Caesars Entertainment Corp.'s ( CZR ) latest gamble could on be itself, according to a published report Thursday. Carl Icahn -- the billionaire activist investor -- is urging the casino company to "explore a sale," according to The Wall Street Journal report, which said the company had received two recent offers. An email to a Caesars' spokesperson seeking comment was not immediately returned...
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  Mentions: Carl Icahn Sale Wall Street
6. FedEx Announces COO's Exit Weeks After Being Named to Board of Directors
  
  Explore wmcactionnews5.com Feb 14 2019 BoardNews
  
  FedEx announces COO's exit weeks after being named to board of directors ... Company founder and chairman of the board Fred Smith has already ...
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  Mentions: Founder retire CEO
7. Stock Buyback Plan Announced by Cisco Systems (CSCO) Board of Directors
  
  Explore MarketBeat Feb 14 2019 BoardNews
  
  Cisco Systems (NASDAQ:CSCO) announced that its Board of Directors has initiated a share buyback plan, which permits the company to repurchase ...
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  Mentions: Cisco Nasdaq Buyback
8. Nestle Cuts the Meat in Bid to Build Healthier Food Giant
  
  Explore BNN Bloomberg Feb 14 2019 BoardNews
  
  (Bloomberg) -- Nestle SA put its ailing Herta lunch-meat business up for sale as Chief Executive Officer Mark Schneider tries to spark faster sales growth by transforming the world’s largest food company through acquisitions and divestments. The Swiss company’s shares rose as much as 3.7 percent to a record as it forecast improved sales and said that it expects to cede control of its dermatology unit by the middle of this year...
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  Mentions: Investors Samsung Sale
9. Yell All You Want About Stock Buybacks, They're Not Slowing Down
  
  Explore Bloomberg Feb 14 2019 BoardNews
  
  The buying spree is under growing attack as politicians are focusing on corporate governance as an election issue. Senator Marco Rubio (R-Fla.) ...
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  Mentions: Corporate Governance Buyback
10. PG&E's Activist Shareholder Has Chosen Its Own Board Nominees
  
  Explore Financial Investment News Feb 13 2019 BoardNews
  
  PG&E (ticker: PCG) may have filed for bankruptcy, but BlueMountain Capital is still lobbying for change at the company. The hedge fund and the embattled California utility are gearing up to make competing board changes at or before its annual shareholder meeting on May 21, where BlueMountain plans to put forward a brand new slate of directors. The fund said Wednesday it has selected those directors, and will announce its choices soon...
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  Mentions: bankruptcy PG&E AMP
11. A Former Apple Executive Was Just Accused of Insider Trading By The SEC
  
  Explore Business Insider Feb 13 2019 BoardNews
  Gene Levoff, who worked as Apple's Senior Director of Corporate Law and Corporate Secretary until September 2018, has been accused of insider trading by the SEC.
  
  The SEC's lawsuit suit, filed Wednesday morning, says Levoff exploited his positions to unlawfully trade Apple securities ahead of Apple's quarterly earnings announcements.
  
  Levoff profited and avoided losses of approximately $382,000 through illegal insider trading that took place from 2015-2016, according to the SEC...
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  Mentions: SEC lawsuit Insider Trading
12. Bill Ackman's Pershing Square is up More Than 24% So Far This Year
  
  Explore Yahoo Finance Feb 13 2019 BoardNews
  
  Hedge fund manager Bill Ackman is on the comeback trail. His fund Pershing Square is up 24.7 percent in 2019 through Tuesday, according to the fund's website. The fund has made a number of headlines in the past year for new stakes in Starbucks and Hilton Worldwide Holdings...
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  Mentions: Hedge Fund Bill Ackman Starbucks
13. Diversity in the 'Man Cave': Boardrooms Gain Women as Minorities Lag
  
  Explore Channel NewsAsia Feb 13 2019 BoardNews
  
  In America's corporate boardrooms, diversity is making uneven progress - women increasingly are pulling up a chair while racial and ethnic minorities still rarely get seats at the table. Twenty-seven per cent of new directors at companies in the Russell 3000 Index were women during 2016-2018, up from 21 per cent in the previous three-year period, according to estimates by ISS Analytics in an analysis for Reuters News...
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  Mentions: Board Diversity Conference Diversity
14. Thyssenkrupp Bows to Activist Investor by Simplifying Organisation
  
  Explore SHARENET Feb 12 2019 BoardNews
  
  (Reuters) - Thyssenkrupp's decision to simplify its corporate structure marks a victory for activist investor Cevian as the German conglomerate strives to keep shareholders onboard with its broader restructuring plan...
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  Mentions: Activist Investors Nelson Peltz Procter & Gamble
15. Banning Buybacks Would Backfire and Lead to More Companies Going Private - Canaccord
  
  Explore CNBC.com Feb 12 2019 BoardNews
  
  If Congress limits the ability of companies to buy back shares, it would backfire and likely result in more companies taking themselves private through leveraged buyouts, a Wall Street research firm said. "Going private is essentially a 100 percent buyback," said Brian Reynolds, asset class strategist at Canaccord Genuity. He adds that CEOs are motivated to increase their companies' stock price...
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  Mentions: SEC crisis risk
16. Pernod CEO Calls Elliott Talks 'Cordial and Constructive'
  
  Explore Yahoo! Finance Feb 12 2019 BoardNews
  
  (Reuters) - French spirits group Pernod Ricard's CEO Alexandre Ricard on Tuesday described talks with activist investor Elliott as "confidential, but cordial and constructive". He said the talks centered around corporate governance and margin improvement...
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  Mentions: Corporate Governance Pernod Ricard CEO
17. Ghosn's Disputed Pay Triggers $83 Million Charge for Nissan
  
  Explore Bloomberg Feb 12 2019 BoardNews
  
  ... indictments by Tokyo prosecutors over alleged financial improprieties and an unflattering spotlight on both companies' corporate - governance ...
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  Mentions: Executive Compensation Nissan Carlos Ghosn
18. Only Half of PG&E's Board to Remain After Bankruptcy Filing
  
  Explore Yahoo! Finance Feb 11 2019 BoardNews
  
  (Bloomberg) -- PG&E Corp., which filed for bankruptcy last month, announced a boardroom shakeup that would bring back at most half of the current board members. No more than five of the utility owner’s 10 current board members will stand for re-election at its upcoming shareholders meeting, according to a statement Monday. The company wants mostly independent directors, and the new board will have 11 of them, it said.,..
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  Mentions: Management bankruptcy Bloomberg
19. CalSTRS Backs New Activist Hedge Fund Impactive with $250 Million
  
  Explore Yahoo! Finance Feb 11 2019 BoardNews
  
  (Reuters) - The California State Teachers' Retirement System (CalSTRS), the second largest U.S. pension fund said on Monday it made a $250 million investment with Impactive Capital, a new activist hedge fund that expects to start trading next month...
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  Mentions: Investment Hedge Fund ESG
20. PG&E Provides Update on Board Refreshment Process
  
  Explore businesswire.com Feb 11 2019 BoardNews
  
  SAN FRANCISCO--(BUSINESS WIRE)-- The Board of Directors (the “Board”) of PG&E Corporation (NYSE: PCG) (the “Company”) today provided an ...
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  Mentions: Corporate Governance Investors SEC
21. Daniel Loeb's Third Point exits Alibaba, Microsoft, and Netflix
  
  Explore Yahoo Finance Feb 10 2019 BoardNews
  
  Activist investor Daniel S. Loeb's hedge fund $17 billion Third Point LLC exited its positions in Alibaba ( BABA ), Microsoft ( MSFT ), and Netflix ( NFLX ) during the fourth quarter, according to the fund's latest 13-f filing . During the quarter, Third Point sold its 1.25 million shares of Netflix, 4.1 million shares of Microsoft, and 4.045 million shares of Chinese e-commerce giant Alibaba, the filing shows...
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  Mentions: Hedge Fund Alibaba Twitter
22. Bank of America Boosts CEO Brian Moynihan's Pay 15% to $26.5 Million After Record Profit Last Year
  
  Explore CNBC.com Feb 9 2019 BoardNews
  
  Bank of America CEO Brian Moynihan got a 15 percent raise, the biggest increase among bank chiefs to disclose pay so far, after the lender reported record earnings last year.
  
  Moynihan's compensation rose to $26.5 million from $23 million in 2017, according to a regulatory filing Friday. That includes a $1.5 million salary and $25 million in stock units, some of which are performance-based...
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  Mentions: Executive Compensation Goldman Sachs Jamie Dimon
23. Activist Funds Turn Attention to Banks as New Merger Wave Sets Up
  
  Explore Yahoo Finance Feb 8 2019 BoardNews
  
  Activists are circling the U.S. banking industry as lenders struggle to distinguish themselves amid increased competition. More Activist investors are turning their attention to the U.S. banking industry, which many see as ripe for a new merger wave as lenders struggle to distinguish themselves amid intensifying competition...
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  Mentions: Activist Investors Investors Citigroup
24. Upcoming Event: Maximize Your Board's Potential
  
  Explore Boardwise Feb 8 2019 BoardNews
  
  André van den Berg, Executive VP & CCO at Schiphol Group: “This program gives you relevant and up to date insight in what should make boards. New threats, new rules and continuous change as a business driver. The great thinkers in Harvard make you very aware of what should be on the mind of boards.”...
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  Mentions: Corporate Governance Harvard AMP
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