WILMINGTON, Del (Reuters) - A Delaware judge on Friday struck down Williams Cos’ “poison pill” that the energy company adopted early last year as a defense against a possible takeover in the wake of a sharp drop in oil prices...
As You Sow today released its seventh annual The 100 Most Overpaid CEOs: Are Fund Managers Asleep at the Wheel? report, focusing on how pension and financial fund managers hold companies accountable for excessive compensation...
WASHINGTON (Reuters) - The U.S. securities regulator should think more "creatively and broadly" about tackling issues of race and gender diversity, including by potentially revisiting public companies' disclosure requirements, the agency's acting chair said on Thursday...
GameStop Corp.'s finance chief was forced out of his role as activist investor Ryan Cohen pushes for a digital transformation of the ailing videogame retailer, people familiar with the matter said...
SEC announced settled charges against an Oklahoma-based gas exploration and production company, Gulfport Energy Corporation, and its former CEO, Michael G. Moore, for failing to properly disclose as compensation certain perks provided to Moore, as well as failing to disclose certain related person transactions...
SAN RAMON, Calif. (AP) — A trust representing more than 80,000 victims of deadly wildfires ignited by Pacific Gas and Electric's rickety electrical grid is suing nearly two dozen of the utility's former executives and board members for alleged dereliction of their duty to ensure the equipment wouldn't kill people...
The chair and four other members of the Texas power grid operator’s board are resigning after blackouts left millions across the state without electricity and heat during a deep freeze last week...
Legislation requiring public companies to disclose information about the diversity of their corporate boards and senior management was introduced Tuesday in the Senate by Sen. Bob Menendez, D-N.J., the highest ranking Latino in Congress...
(Bloomberg) -- Jim Bell, the GameStop Corp. finance chief who is being pushed out after less than two years on the job, won’t be leaving empty-handed. The executive will get $15.8 million when he departs, which is set for next month, and he could earn millions more from equity in coming years if activist investor Ryan Cohen can pull off a turnaround of the video-game retailer...
NEW YORK (Reuters) - Two organizations representing people with disabilities asked Nasdaq Inc on Tuesday to be more inclusive in the exchange operator's proposal to require all of its listed companies to adopt new rules related to board diversity...
Shareholders approved Apple's recommended proposals, shot down two that it recommended against, and asked a range of questions at the company's annual shareholder meeting. During the online-only meeting, stockholders voted on the election of directors to Apple's Board. The shareholders approved all nominees, which included James Bell, Tim Cook, Al Gore, Andrea Jung, Art Levinson, Ron Sugar, and Sue Wagner...
Activist investor Jeffrey Smith, chief executive officer, chief investment officer and co-founder of Starboard Value LP, discusses Starboard Value Acquisition Corp.'s agreement to take Cyxtera Technologies public in a $3.4 billion SPAC deal. He speaks with Bloomberg's Ed Hammond on "Bloomberg Markets: The Close."...
Nissan's former CEO appeared in a Tokyo court on Wednesday in the trial of Greg Kelly, a former aide to Carlos Ghosn facing charges of financial misconduct. Kelly is the only person currently on trial in Japan in connection with the Ghosn saga after the auto tycoon jumped bail in late 2019 and escaped to Lebanon, where he remains an international fugitive...
Jonathan Duskin of Macellum Capital, the lead activist investor in a new campaign against off-mall department store Kohl's, has a message for Kohl's long-tenured board and often too optimistic management team: it's well beyond time to slash costs to help improve shareholder returns...
Exxon Mobil Corp has already upped its climate plans, only three months into an activist investor’s campaign to force change inside the company. Now the group, Engine No. 1, is pushing the oil giant to set a new goal: net-zero greenhouse gas emissions by 2050. Engine No. 1 released a letter on Monday reiterating its call for Exxon to overhaul its board of directors by adding four new members who have the expertise to steer the company towards climate neutrality...
Combined company will be third-largest publicly held global provider of retail colocation and interconnection services, with 61 data centers in 29 markets around the world, serving more than 2,300 leading enterprises, service providers, and government agencies...
A group of activist investors has a big stake in Kohl’s Corp. and is attempting to take control of the department-store chain’s board, according to people familiar with the matter...
(Bloomberg) -- Lucid Motors Inc. is nearing a deal to go public through a merger with a blank-check company started by investment banker Michael Klein that could be announced early next week, according to people familiar with the matter. The combined entity will be valued at as much as $15 billion, the people said, asking not to be identified because the matter is private...
By Paresh Dave (Reuters) - Alphabet Inc's Google will evaluate the performance of its vice presidents and above on team diversity and inclusion starting this year, the company said on Friday in one of several responses to concerns about its treatment of a Black scientist. Timnit Gebru, co-leader of Google's ethical artificial intelligence research team, said in December that Google abruptly fired her after she criticized its diversity efforts and threatened to resign...
All-male boards are now a thing of the past across the FTSE 350, The 30% Club revealed today. The group, which is headed up by female business leaders from around the world, has campaigned to see more women on boards of major companies since 2010. Ann Cairns, global chair of The 30% Club and executive vice-chair of Mastercard, said: “The eradication of all-male boards across Britain’s 350 biggest companies is cause for celebration, particularly at a time when Covid-19 threatens progress in women’s equality. “However, there is still lots more work to be done to make sure all-male ...
McDonald's is undergoing an overhaul to its workplace culture, including tying executive pay to diversity goals. The company is looking to increase the percentage of women in senior roles among other initiatives. CBS Los Angeles has the details. Copyright © 2021 CBS Interactive Inc. All rights reserved...
(Reuters) - Amundi, Europe's biggest asset manager, said on Thursday it would seek more specifics from companies at upcoming shareholder meetings about their plans to reduce emissions. The move is the latest by a major asset manager to challenge companies over their plans to transition to a low-carbon economy, ahead of the next round of global climate talks this year when countries are set to debate tougher targets...
CHICAGO -- Boeing said Wednesday that two of its directors are retiring, a sign of further change on the company's board as it faces a shareholder lawsuit alleging weak overview during the 737 Max crisis...
Governance watchdogs say a firmer response is needed after Sonic Automotive’s David Smith was charged with assaulting a woman...