Yet in the #MeToo era, more companies are adding similar policies or ... the director of a corporate governance center at the University of Delaware, ...
Intel CEO Brian Krzanich may walk away with $44.5 million after stepping down from the company following revelations that he had breached company policy by engaging in a past consensual relationship with an employee. That’s based on calculations of Krzanich’s severance agreements, disclosed in Intel’s 2017 proxy statement...
(Reuters) - Activist investor Land & Buildings on Thursday resumed its criticism of department store owner Hudson’s Bay Co ( HBC.TO ), urging it to correct its underperformance and extract value from its substantial real estate holdings...
Activist investor Jonathan Litt is again urging Hudson’s Bay Co. to explore ways to unlock the value of its real estate, arguing the owner of Saks Fifth Avenue should look to Macy’s Inc. for an example of how to improve shareholder value -- or even sell itself to its American rival...
AmTrust Financial Services Inc. AFSI, -0.68% said Thursday that shareholders approved its plan to be taken private by two New York families and a private-equity firm. The bid was initially challenged by activist investor Carl Icahn, who recently owned as much as a 9.4% stake in the company. Icahn said the first deal was “happening at the wrong price at the wrong time” and was an attempt by the families and firm to manipulate shareholders into voting for a deal that benefits only them...
BlackBerry Ltd. shareholders voted in favour of an executive pay package on Wednesday that could see chief executive officer John Chen earn more than US$400-million over the next five years. At its annual meeting in Waterloo, Ont., BlackBerry investors voted 90.6 per cent in favour of a compensation package that puts Mr. Chen in line for an additional US$90-million, on top of stock awards designed to be worth more than US$300-million granted when the CEO received a five-year contract extension in March. Open this photo in gallery BlackBerry Ltd. chief executive John Chen speaks at the ...
BlackBerry (BB) Reports Board of Directors Election Results ... 2018, were elected as directors to serve until the next annual meeting of shareholders ...
Disney has raised its offer for 21st Century Fox assets to $38 a share, or a total of $71.3 billion in cash and stock.
The increased offer comes after Comcast crashed Disney's attempt to buy the assets with a $65 billion bid of its own just one week ago, after the US Justice Department approved the AT&T-Time Warner merger...
(Reuters) - Activist investor Carl Icahn on Tuesday won a battle for control of SandRidge Energy, winning at least four of seven seats on the board of the U.S. shale producer that he wants to sell. FILE PHOTO: Billionaire activist-investor Carl Icahn gives an interview on FOX Business Network's Neil Cavuto show in New York, U.S., February 11, 2014...
McKesson CEO John Hammergren will take a 10 percent pay cut in fiscal 2018 as the company faces a shareholder lawsuit for allegedly failing to audit controls for opioid-based painkillers, according to Bloomberg . The lawsuit was filed in 2017 by shareholder Chaile Steinberg against former and current McKesson executives and directors...
Vintage, which originally offered $13 per share for Rent-A-Center last fall, made a $14-per-share proposal on June 12. Rent-A-Center said Monday its board had unanimously accepted an improved $15-per-share offer that represents a premium of 25% to the stock’s Friday close. The board “is confident [the proposal] maximizes value for stockholders while delivering a significant and immediate cash premium,” CEO Mitch Fadel said in a news release...
NEW YORK - Fujifilm Holdings Corp (4901.T) sued Xerox Corp (XRX.N) on Monday for well over $1 billion plus punitive damages, accusing it of succumbing to pressure from activist investors Carl Icahn and Darwin Deason in abandoning a proposed $6.1 billion merger...
FRANKFURT (Reuters) - Activist shareholder Elliott has raised its stake in German food processing equipment maker GEA Group ( G1AG.DE ) to 5.03 percent from 3.01 percent as of June 12, a regulatory filing by GEA showed on Monday. Elliott’s holding rose above 3 percent in October. Reporting by Maria Sheahan; Editing by Edward Taylor...
Mellanox Technologies is close to reaching a deal with activist investor Starboard Value over the composition of its board of directors...
When we told you in March of CEO John Chen’s lucrative contract extension at BlackBerry Ltd. − stock awards designed to be worth more than US$300-million − we also knew Mr. Chen was in line for a cash bonus, amount to be named later. Shareholders scouring the company’s proxy statement now know the number: Mr. Chen is in line for a possible US$90-million award, on top of the shares BlackBerry granted him...
When getting the Fearless Girl campaign ready for launch, the State Street Global Advisors marketing team was prepared for the worst...