1. Articles in category: BoardNews

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    1. Sarah A. Bany Steps Down from Columbia Sportswear Company's Board of Directors

      Sarah A. Bany Steps Down from Columbia Sportswear Company's Board of Directors

      PORTLAND, Ore.--(BUSINESS WIRE)-- Columbia Sportswear Company (Nasdaq:COLM, the “Company”), a leading innovator in active outdoor apparel, footwear, accessories, and equipment, today announced that Sarah A. Bany, a longtime director of the Company, notified the Board of Directors of the Company (the “Board”) on December 9, 2019 of her decision to resign from the Board, effective immediately, in order to focus on administering Gert Boyle’s estate...

       

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    2. Rolls-Royce’s Biggest Shareholder Leaves Board

      Rolls-Royce’s Biggest Shareholder Leaves Board

      Bradley Singer, the chief operating officer of the activist investor, stepped down on 9 December, after four years of joining Rolls-Royce board as non-executive director. “Since I joined the Board nearly four years ago, Rolls-Royce has undertaken many significant initiatives and faced challenges head-on,” Singer said. Rolls-Royce is now put back on “on a solid path forward,” Singer added...

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    3. Alphabet’s New Boss Means $2 Billion for Departing Founders

      Alphabet’s New Boss Means $2 Billion for Departing Founders

      (Bloomberg) -- Larry Page and Sergey Brin just got a $2 billion retirement gift from investors. The Google co-founders, who announced on Tuesday they were stepping down from day-to-day management of parent Alphabet Inc., added about $1 billion each to their net worth as of 10:15 a.m. in New York, after the firm’s shares rose 1.8%. They each own about 6% of the internet giant and still control Alphabet through special voting shares...

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    4. Dodd-Frank Whistleblower Claims are Arbitrable, Second Circuit Holds

      Dodd-Frank Whistleblower Claims are Arbitrable, Second Circuit Holds

      In a win for employers, the Second Circuit Court of Appeals recently held that whistleblower claims under the Dodd-Frank Act are arbitrable. Daly v. Citigroup Inc. , 939 F.3d 415 (2d Cir. 2019). The Second Circuit also held that a plaintiff’s failure to exhaust administrative remedies related to a Sarbanes-Oxley Act claim serves as a jurisdictional bar, warranting dismissal of the claim...

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    5. Wynn Resorts Reaches $41M Settlement on Shareholder Lawsuits

      Wynn Resorts Reaches $41M Settlement on Shareholder Lawsuits

      Wynn Resorts Ltd. has $41 million coming its way from a lawsuit settlement related to allegations against former chairman and CEO Steve Wynn. Shareholders began filing lawsuits against the company and its board of directors after the allegations of Steve Wynn’s sexual misconduct emerged in early 2018, claiming they devalued the company’s stock...

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    6. Catalyst Capital Tops Chairman-Led Group's Offer for Hudson's Bay

      Catalyst Capital Tops Chairman-Led Group's Offer for Hudson's Bay

      (Reuters) - Private equity firm Catalyst Capital Group Inc on Wednesday made a competing offer for Hudson's Bay Co that challenges the Canadian retailer's deal with a consortium led by its executive chairman, Richard Baker. Catalyst, which owns 17.5% of Hudson's Bay, has bid C$11 per share, topping Baker's C$10.30 per share offer in October and valuing the company at C$2.03 billion ($1.53 billion)...

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    7. Former Papa John’s CEO John Schnatter Blasts Pizza Company

      Former Papa John’s CEO John Schnatter Blasts Pizza Company

      In television interview, exiled founder criticizes brand leadership Nov 26, 2019 John Schnatter, former CEO of Papa John’s International Inc., added fuel Monday to his ongoing feud with the company he founded. In a nearly five-minute exclusive segment Monday with Louisville, Ky., television station WDRB, Schnatter said he’s eaten 40 pies in last 30 days. “And it’s not the same pizza,” he said in the interview, which also touched on the company’s controversies and ensuing leadership changes...

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    8. Activist Investor Takes Stake in CVS

      Activist Investor Takes Stake in CVS

      Activist investor Starboard Value LP has taken a stake in CVS Health Corp. and held talks with the drugstore-and-insurance giant’s management, according to people familiar with the matter. The stake appears to be relatively small and the people said the talks, held recently, are amicable. How much Starboard currently owns and what it has discussed with the company couldn’t be learned...

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