BoardNews -BoardProspects

Articles in category: BoardNews

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1. Campbell Heirs to Vote for Own Board, Third Point Calls Move a 'Stunt'
  
  Explore Channel NewsAsia 14 hours, 15 min ago BoardNews
  
  Campbell heirs to vote for own board, Third Point calls move a 'stunt' close breaking news Business Campbell heirs to vote for own board, Third Point calls move a 'stunt' Campbell Soup Co said on Wednesday that four key shareholders, all descendants of the company's former chairman John Dorrance, have formally aligned themselves against hedge fund Third Point LLC's plans to oust the embattled soupmaker's entire board...
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  Mentions: CEO Hedge Fund stake
2. Once Feared on Wall Street, Dodd-Frank’s Watchdog Is in Retreat
  
  Explore BNN Bloomberg 14 hours, 17 min ago BoardNews
  
  (Bloomberg) -- A key response to the 2008 financial crisis was setting up a super-group of regulators to protect the economy from another disastrous crash. But in the Trump era, flagging new dangers has taken a backseat to cutting constraints on business. The latest blow came Wednesday when the Financial Stability Oversight Council said it no long considered Prudential Financial Inc. so big and complex that the insurer’s failure could trigger a panic...
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  Mentions: Dodd-Frank Investment Management
3. Powerful Facebook Investors Just Co-Filed a Proposal to Take Down Mark Zuckerberg as Chairman
  
  Explore Business Insider 15 hours, 38 min ago BoardNews
  Four powerful institutional Facebook investors have co-filed a shareholder proposal calling for Mark Zuckerberg's dual role as CEO and chairman to be split.
  
  The proposal was originally filed by activist investor Trillium Asset Management and revealed by Business Insider in July after Facebook's brutal second quarter earnings...
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  Mentions: Management Investors CEO
4. Tesla Says Elon Musk Plans to Buy $20 Million Worth of Stock as Soon as Possible
  
  Explore Business Insider 17 hours, 30 min ago BoardNews
  Elon Musk plans to buy $20 million of Tesla stock, the company said in a filing Wednesday.
  
  The plans were announced the day after a judge approved Tesla and Musk's settlement with the US' top stock regulator.
  
  Tesla CEO Elon Musk plans to buy $20 million worth of the company’s stock on the open market "during the next open trading window," the company said in a regulatory filing Wednesday...
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5. Fujifilm Wins Appeal in Legal Battle with Xerox Over Aborted $6.1B Deal
  
  Explore Business Standard Oct 17 2018 BoardNews
  
  Japan's Fujifilm Holdings Corp has won an appeal in its legal battles with Xerox Corp, with a New York court overturning preliminary injunctions requested by an activist investor that had blocked their planned merger. Xerox in May scrapped a $6.1 billion deal with Fujifilm in a settlement with investors Carl Icahn and Darwin Deason that also handed control of the U.S. photocopier giant to new management...
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  Mentions: FujiFilm Xerox
6. Australia’s Most Obscene Salaries
  
  Explore News.com.au Oct 17 2018 BoardNews
  
  Tomorrow’s rally, which will be held in Perth, is one of a series planned for the country’s capital cities and regional centres in the coming weeks. They have been organised by the Australian Council of Trade Unions (ACTU) as part of its Change the Rules campaign, which aims to draw attention to “exorbitant CEO pay” and company profits compared to the “very low or non-existent” pay rises experienced by many Australians...
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  Mentions: Executive Compensation Investors CEO
7. US Regulators Lift Strict Oversight of Prudential
  
  Explore The Seattle Times Oct 17 2018 BoardNews
  
  WASHINGTON (AP) — A group of federal regulators on Wednesday lifted the strict government oversight imposed on big insurer Prudential Financial Inc. It was the last financial company still carrying the label that subjected it to special restrictions stemming from the 2008 financial crisis. The unanimous decision by the Financial Stability Oversight Council closed the books on its actions tagging selected big financial companies as potential threats...
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  Mentions: AIG crisis General Electric
8. Activist Investor Tries To Force Change At Oil Companies
  
  Explore WBUR Oct 16 2018 BoardNews
  
  Last week's report from the U.N. Intergovernmental Panel on Climate Change called for reducing investments in fossil fuels by about a quarter. That is an idea that oil companies have pushed back against. But one group is trying to pressure those companies to take action by buying up shares in them...
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  Mentions: Activist Investors Shell
9. As MoviePass Investors Rage Against Management, its Parent Company has Delayed a Crucial Shareholders Meeting
  
  Explore Business Insider Oct 16 2018 BoardNews
  MoviePass' parent company, Helios and Matheson Analytics, has postponed its special meeting of stockholders regarding the vote on a 1-for-500 reverse stock split to November 1.
  
  The meeting was originally scheduled for Thursday.
  
  MoviePass investors have voiced their displeasure with Helios and Matheson about the proposed reverse split on Twitter...
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  Mentions: Management Investors SEC
10. Dell Technologies: Maintains Plans To Go Public Despite Icahn Opposition
  
  Explore Stock Market Quotes and News Oct 16 2018 BoardNews
  
  (Reuters) - Dell Technologies Inc said on Tuesday it was sticking to its plans to go public by buying back its tracking stock, a day after activist investor Carl Icahn opposed the move. Icahn reported an increased 8.3 percent stake in Dell tracking stock on Monday, saying he intends to do everything in his power to thwart the computer manufacturer's plans. Dell in July announced a $21.7 billion cash-and-stock deal to buy back shares tied to its interest in software provider VMware...
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11. Activist Investor Icahn Takes Stake in Dollar Tree
  
  Explore Channel NewsAsia Oct 16 2018 BoardNews
  
  REUTERS: Billionaire activist investor Carl Icahn is accumulating a significant stake in discount chain Dollar Tree Inc , the New York Post reported on Tuesday. Icahn's plans for the stake were not immediately clear, the report...
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  Mentions: Carl Icahn Sale stake
12. Tesla Surges After Judge Approves Elon Musk's Settlement with SEC
  
  Explore Business Insider Oct 16 2018 BoardNews
  Tesla rallied Tuesday morning after a judge approved CEO Elon Musk's settlement over a fraud charge.
  
  The Securities and Exchange Commission sued Musk last month over allegations that he committed fraud when he said he had "funding secured" to take Tesla private.
  
  All eyes are on now on the company's third-quarter earnings report later this month...
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  Mentions: CEO SEC Tesla
13. GOP Rep. Sean Duffy Takes on Proxy Advisers: They're 'playing all sides of the field'
  
  Explore washingtonexaminer.com Oct 16 2018 BoardNews
  
  Congress is growing increasingly interested in the use of shareholder proposals to push corporations toward liberal or conservative policies, particularly the influence wielded over the process by advisory firms. By buying as little as $2,000 worth of shares, investors gain the right to introduce resolutions that direct a corporate board to take a certain action...
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  Mentions: Investors SEC ISS
14. Microsoft Co-Founder Paul Allen Dies of Cancer at Age 65
  
  Explore boardprospects.com Oct 16 2018 BoardNews
  
  Microsoft co-founder Paul Allen dies at 65 from CNBC.
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15. Telstra Shareholders Just Hit the Board with a New Australian Record 'First Strike' Vote Against Executive Pay
  
  Explore Business Insider Oct 16 2018 BoardNews
  
  Telstra shareholders have made it clear just how unhappy they are with the company’s executive remuneration policy. The Australian reports a staggering 62% of eligible shareholders voted against Telstra’s remuneration report at today’s annual general meeting. That’s a new record high in corporate Australia, beating the 61.4% of AMP shareholders who rejected the company’s executive remuneration report back in May...
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  Mentions: Executive Compensation Twitter AMP
16. Carl Icahn: Michael Dell Using 'Scare Tactics' on Dell Tracking Stock Holders
  
  Explore CNBC.com Oct 15 2018 BoardNews
  
  Billionaire activist investor Carl Icahn said Monday that Michael Dell and the private equity firm Silver Lake are "manipulating" and "coercing" shareholders of the tracking stock of VMware into accepting their buyout offer. By using "scare tactics," Icahn claimed, Dell and Silver Lake are "literally stealing" $11 billion from shareholders in a plan to take Dell public again. Icahn contends Dell and Silver Lake are significantly undervaluing VMware, a software company, in order to make money...
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  Mentions: Carl Icahn stake Wall Street
17. 'I've decided to step down as CEO': Eddie Lampert sends email to Sears employees after the company files for bankruptcy (SHLD)
  
  Explore Business Insider Oct 15 2018 BoardNews
  Eddie Lampert sent an email to Sears employees on Monday announcing the company's bankruptcy filing.
  
  "I’ve decided to step down as CEO," Lampert wrote. "Know that this does not change my commitment to Sears Holdings, and I will continue to be actively involved as chairman of the board of directors."
  
  Lampert attributed the company's bankruptcy filing to "a difficult retail environment, unsatisfactory operating performance, and legacy liabilities impacted by historically low interest rates."...
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18. Carl Icahn to Oppose Dell’s Purchase of DVMT Tracking Shares
  
  Explore MarketWatch Oct 15 2018 BoardNews
  
  Carl Icahn is gearing up for another battle with Michael Dell. The activist investor, who fought Dell when he took his namesake computer company private in 2013, will challenge plans to take it public again. Icahn on Monday disclosed that he has boosted his stake in shares that track Dell Technologies Inc.’s DVMT, +3.01% interest in VMware Inc. VMW, +4.42% to 8.3%...
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19. CEOs of JP Morgan, BlackRock, and Blackstone Pull Out of Saudi Conference
  
  Explore CNBC.com Oct 15 2018 BoardNews
  
  J.P. Morgan Chase CEO Jamie Dimon, BlackRock CEO Larry Fink, and Blackstone CEO Stephen Schwarzman will not be attending an investment conference in Saudi Arabia later this month, CNBC has learned...
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  Mentions: Conference Investment CEO
20. Sears Holdings Files for Chapter 11 Bankruptcy
  
  Explore boardprospects.com Oct 15 2018 BoardNews
  
  Sears Holdings files for Chapter 11 bankruptcy from CNBC.
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21. Nokia Chairman Reopens Old Wounds with New Book
  
  Explore CIO News Oct 13 2018 BoardNews
  
  Nokia's chairman has pointed the finger at his predecessor over the mobile phone maker's fall from grace in a book that has reopened old wounds in Finland, where the company remains a source of national pride...
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22. UAW Health Care Trust Forfeits GM Board Seat with Stock Sale
  
  Explore Front Page Oct 12 2018 BoardNews
  
  DETROIT — The UAW's retiree health care trust no longer has representation on General Motors' board of directors . The UAW Retiree Medical ...
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  Mentions: CEO David Einhorn General Motors
23. The U.S. Has a New Highest-Paid CEO and He Made $103 Million Last Year
  
  Explore boardprospects.com Oct 12 2018 BoardNews
  
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  Mentions: Executive Compensation CEO Broadcom
24. UK: Top Firms Failing to Increase Number of Ethnic Minority Directors
  
  Explore theguardian.com Oct 12 2018 BoardNews
  
  The number of FTSE 100 company directors from ethnic minority backgrounds has declined in the past year, according to a progress report delivered by the government-backed campaign to boost boardroom diversity. Just 84 of the 1,048 director positions in the 100 biggest companies on the London Stock Exchange are held by a business leader from an ethnic minority, down from 85 last year, in the latest sign of stalling progress to make big companies more representative of the country at large...
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  Mentions: Diversity Barclays BHP
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