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Articles in category: BoardNews

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1. United Pilots Picket Board Meeting In Houston, Demanding Better Pay And Work-life Balance
  
  Explore houstonpublicmedia.org 17 hours, 8 min ago BoardNews
  
  It was a dreary morning with fog and rain, but that didn't stop hundreds of United Airlines pilots along with flight attendants and United aviation mechanics from marching silently downtown Houston. The United Airlines board of directors were meeting at the Four Seasons Hotel where the group of about 300 gathered in hopes of better employment contracts at a pivotal time for the industry...
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  Mentions: Board Meeting stock options Airlines
2. No. 2 Theranos Executive Is Sentenced to Nearly 13 Years for Fraud
  
  Explore The New York Times 17 hours, 14 min ago BoardNews
  
  Ramesh Balwani, the former chief operating officer of the failed blood testing start-up Theranos, was sentenced on Wednesday to nearly 13 years in prison for defrauding investors and patients about the company’s business and technology...
  
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  Mentions: Theranos Fraud Securities Fraud
3. Salesforce Executives Have Millions Of Reasons To Leave Amid Share-Price Plunge
  
  Explore forbes.com Dec 7 2022 BoardNews
  
  Co-CEO Bret Taylor put in his notice last week, saying he wanted to get back to his “entrepreneurial roots.” Stewart Butterfield, the founder of Slack, which was acquired by Salesforce two years ago, is leaving to spend more time with his family, according to a message viewed by CNBC. Two other members of the company brass, Gavin Patterson and Mark Nelson, put in their resignations last month...
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  Mentions: Founder Mark Nelson Slack
4. Salesforce Executives Have Millions Of Reasons To Leave Amid Share-Price Plunge
  
  Explore forbes.com Dec 7 2022 BoardNews
  
  Co-CEO Bret Taylor put in his notice last week, saying he wanted to get back to his “entrepreneurial roots.” Stewart Butterfield, the founder of Slack, which was acquired by Salesforce two years ago, is leaving to spend more time with his family, according to a message viewed by CNBC. Two other members of the company brass, Gavin Patterson and Mark Nelson, put in their resignations last month...
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  Mentions: Founder Mark Nelson Slack
5. An Activist Investor Takes on BlackRock Over E.S.G.
  
  Explore The New York Times Dec 7 2022 BoardNews
  
  A hedge fund sees BlackRock’s embrace of E.S.G. principles as a distraction, and it wants the money-management giant’s C.E.O., Laurence Fink, to step down...
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  Mentions: Management Hedge Fund Laurence Fink
6. Theranos Ex-President Sunny Balwani to Be Sentenced Wednesday
  
  Explore wsj.com Dec 6 2022 BoardNews
  
  Theranos Inc.’s former No. 2 executive could face an unusual white-collar criminal punishment: the possibility of being sentenced to a longer prison term than his boss, who was at the center of the fraud at her company, some criminal defense attorneys said...
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  Mentions: Attorneys Theranos Fraud
7. News Corp’s Special Committee of the Board of Directors Provides Update
  
  Explore yahoo.com Dec 6 2022 BoardNews
  
  News Corporation’s (“News Corp” or the “Company”) (Nasdaq: NWS, NWSA; ASX: NWS, NWSLV) Special Committee composed solely of independent and disinterested members of the News Corp Board of Directors (the “Special Committee”) formed to explore a potential combination with Fox Corporation (the “Proposed Transaction”) following receipt of letters from K. Rupert Murdoch and the Murdoch Family Trust, provided an update on the process in response to recent investor inquiries...
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  Mentions: Special Committee Nasdaq Rupert Murdoch
8. US Companies Face Backlash for Bypassing Investors on Top Pay
  
  Explore ft.com Dec 5 2022 BoardNews
  
  A growing number of US companies — including two backed by British entrepreneur Richard Branson — are expected to face fire from investors in the coming months over a once-obscure pay practice that has let them reward executives without consulting shareholders...
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  Mentions: CEO Pay Companies Investors
9. HMI Capital Sends Letter to Coupa Software’s Board of Directors Regarding Reported Engagement With Vista Equity Partners
  
  Explore yahoo.com Dec 5 2022 BoardNews
  
  HMI Capital Management, L.P. (together with its affiliates, “HMI” or “we”) today announced that it has sent the below letter to the Board of Directors (the “Board”) of Coupa Software Inc. (“Coupa” or the “Company”) (NASDAQ: COUP)...
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  Mentions: Management Nasdaq Shareholder Letter
10. Activist Who Called for Credit Suisse Break-Up Says Latest Overhaul Isn’t Enough
  
  Explore Financial News Dec 5 2022 BoardNews
  
  An activist investor who called for Credit Suisse's break-up five years ago said that the Swiss bank’s new overhaul "barely scratches the surface", and more needs to be done to turn it around...
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  Mentions: Bank Investor Activist
11. U.S. Railroad Investor Resolutions Urge Paid Sick Leave For Workers
  
  Explore reuters.com Dec 5 2022 BoardNews
  
  Investors have proposed shareholder resolutions at two U.S. railroads calling for paid sick leave for workers, an issue that nearly caused a national rail strike, and they could go to an advisory vote at shareholder meetings in the spring. On Friday President Joe Biden signed legislation to block a rail shutdown that could have devastated the American economy...
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  Mentions: economy Shareholder Investor
12. Exxon Mobil raises CEO pay
  
  Explore Yahoo! Finance Dec 5 2022 BoardNews
  
  Exxon Mobil Corp is raising the annual salaries of its top boss and other executives for the coming year, the top U.S. oil company said on Monday. Exxon Mobil's compensation committee approved an increase in the annual salary of Chief Executive Officer Darren Woods to $1.88 million from $1.70 million paid this year, it said in a filing on Monday...
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  Mentions: stock options Exxon Mobil Darren Woods
13. Coinbase CEO Brian Armstrong says it’s ‘baffling’ FTX’s Sam Bankman-Fried isn’t ‘in custody already’
  
  Explore fortune.com Dec 4 2022 BoardNews
  
  FTX founder Sam Bankman-Fried should be in custody by now, as far as Brian Armstrong is concerned. The Coinbase CEO said this week it’s “baffling to me why he’s not in custody already.”
  
  “The DOJ or somebody should be able to make—just based on his public statements, I think there’s a very open and shut case for fraud,” Armstrong said at the a16z crypto Founder Summit on Tuesday. He added, “I’m not an expert on this, but the people I talk to seem to agree on that...
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  Mentions: Fraud Bloomberg Canada
14. Florida Pulls $2 Bln from BlackRock in Largest Anti-ESG Divestment
  
  Explore reuters.com Dec 2 2022 BoardNews
  
  Florida's chief financial officer said on Thursday his department would pull $2 billion worth of its assets managed by BlackRock Inc (BLK.N), the biggest such divestment by a state opposed to the asset manager's environmental, social and corporate governance (ESG) policies...
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  Mentions: Environmental, Social and Governance, ESG Boards of Directors BlackRock
15. Sam Bankman-Fried Blames ‘Huge Management Failures’ for FTX Collapse
  
  Explore The New York Times Dec 2 2022 BoardNews
  
  Mr. Bankman-Fried spoke at The New York Times’s DealBook conference, in his first public appearance since his crypto exchange imploded...
  
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16. Sam Bankman-Fried Interviewed Live About the Collapse of FTX
  
  Explore boardprospects.com Dec 1 2022 BoardNews
  
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17. Salesforce Co-CEO Bret Taylor to Step Down
  
  Explore wsj.com Dec 1 2022 BoardNews
  
  Salesforce Inc. (CRM 5.65% increase) said co-CEO Bret Taylor is leaving a year after he was elevated to run the business-software provider alongside Chairman Marc Benioff , ending the company’s second experiment in recent years with dual leadership. Mr. Taylor, 42, will vacate the position Jan. 31, Salesforce said Wednesday. Mr. Benioff will become sole chief executive again and continue to serve as company chairman...
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  Mentions: Leadership Salesforce CEO
18. China Steps up Corporate Governance Watch on Financial Institutions
  
  Explore Stock Market Quotes and News Nov 30 2022 BoardNews
  
  China said on Wednesday it will bring more types of companies under the measures to oversee corporate governance at financial institutions by its banking and insurance regulator in an effort to prevent systemic risks. It will include rural cooperative banks, financial asset management companies, financial leasing companies and consumer finance companies to the scope of supervision, according to the revised measures released by the China Banking and Insurance Regulatory Commission on its website...
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  Mentions: Management Companies Boards
19. Hedge fund Engine Capital Urges Univar to Consider Sale, Other Options
  
  Explore reuters.com Nov 30 2022 BoardNews
  
  U.S. hedge fund Engine Capital on Wednesday urged Univar Solutions Inc (UNVR.N) to consider a sale or other strategic options, days after Germany's Brenntag SE (BNRGn.DE) said it was in preliminary talks to buy the chemicals distributor...
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  Mentions: Hedge Fund Sale Engine Capital
20. ‘No Cooperation’: How Sam Bankman-Fried Tried to Cling to FTX
  
  Explore The New York Times Nov 30 2022 BoardNews
  
  Emails and text messages show how lawyers and executives struggled to persuade the 30-year-old entrepreneur to give up control of his collapsing crypto exchange...
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21. Argo Group Mails Letter to Shareholders Setting the Record Straight on Capital Returns’ Many Naïve and False Claims
  
  Explore yahoo.com Nov 29 2022 BoardNews
  
  Argo Group International Holdings, Ltd. (NYSE: ARGO) (“Argo” or “the Company”) today announced that it is mailing a letter to shareholders in connection with its 2022 Annual Meeting of Shareholders urging all Argo shareholders to vote the BLUE proxy card “FOR” ALL seven of Argo’s highly qualified director nominees. The Annual Meeting will be held on December 15, 2022, and shareholders of record as of October 26, 2022 are entitled to vote at the meeting...
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  Mentions: Annual Meeting NYSE Argo Group
22. Silgan Holdings Announces Corporate Governance Updates
  
  Explore businesswire.com Nov 29 2022 BoardNews
  
  Silgan Holdings Inc. (NYSE:SLGN), a leading supplier of sustainable rigid packaging for the world’s essential consumer goods products, announced today that it entered into a new amended and restated stockholders agreement with its co-founders, D. Greg Horrigan and R. Philip Silver...
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  Mentions: NYSE Silgan Holdings Stockholders
23. AMC Networks CEO Christina Spade Steps Down After Taking Over in September
  
  Explore hollywoodreporter.com Nov 29 2022 BoardNews
  
  AMC Networks said on Tuesday that CEO Christina Spade “has stepped down from her role” without giving details about the reason. The news came as a surprise as Spade had only taken over the role as of Sept. 9. A successor wasn’t immediately named...
  
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  Mentions: AMC Entertainment Resignation Steps down
24. Here’s the Latest on the FTX Collapse
  
  Explore The New York Times Nov 28 2022 BoardNews
  
  FTX, one of the world’s largest cryptocurrency exchanges, collapsed with stunning speed this month. A run on deposits left the company owing customers $8 billion, setting off a chain of events that has shaken the crypto world and driven investigations by the Securities and Exchange Commission and the Justice Department...
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  Mentions: cryptocurrency FTX
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