BoardNews -BoardProspects

Articles in category: BoardNews

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1. JP Morgan chief Jamie Dimon Becomes Best-Paid Bank Boss For Fifth Year
  
  Explore This is Money 21 hours, 39 min ago BoardNews
  
  Dimon has been running JP Morgan since 2005 and was credited with guiding it through the financial crisis relatively unscathed, building what he described as a 'fortress balance sheet'. But he has been rocked by a series of scandals in recent years. JP Morgan lost £4.3billion after trades by the so-called 'London whale' Bruno Iksil turned sour in 2012. Dimon initially dismissed the mounting losses at the bank's London offices as a 'tempest in a teapot'...
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  Mentions: Investment Jamie Dimon Barclays
2. JPMorgan Chase: CEO James Dimon's Compensation Rises to $31.5 Million -
  
  Explore Stock Market Quotes and News Jan 23 2020 BoardNews
  
  JPMorgan Chase & Co. paid its chief executive, James Dimon, $31.5 million for his work in 2019, a 1.6% boost, as the bank set fresh records in profit and stock price. The pay includes $6.5 million in cash, including salary and bonus, and $25 million in stock grants that would be earned over the coming years, depending on the bank's performance...
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  Mentions: JPMorgan Morgan Stanley stock options
3. Goldman Sachs Will No Longer Do IPOs for Companies With All-Male Boards
  
  Explore New York Post Jan 23 2020 BoardNews
  
  Boards packed with bros don’t get IPOs. That’s the new policy at Goldman Sachs, whose chief executive David Solomon said the Wall Street giant won’t take any company public unless it has at least one “diverse” board member...
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  Mentions: Board Diversity IPO Goldman Sachs
4. Australia's Westpac Hires Former Barclays Chairman to Tide Over Crisis
  
  Explore Yahoo! Finance Jan 23 2020 BoardNews
  
  (Reuters) - Australia's Westpac Banking Corp on Thursday named a former Barclays boss as chairman, entrusting veteran banker John McFarlane to help steer it through the fallout of a massive money-laundering scandal...
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  Mentions: Investors Credit Suisse Citigroup
5. Companies Adopt Rooney Rule, Add Women and Minorities to Boards as Midwest Investors Diversity Initiative Gains Momentum
  
  Explore GlobeNewswire Jan 23 2020 BoardNews
  
  (GLOBE NEWSWIRE) -- The Midwest Investors Diversity Initiative (“MIDI”), an 11-member institutional investor coalition with more than $750 billion in assets under ...
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  Mentions: Investment Investors Governance Committee
6. Tesla Poised to Hit $100 Billion Market Cap, Setting Elon Musk up for a Huge Payday
  
  Explore CNBC.com Jan 22 2020 BoardNews
  
  Elon Musk would earn the first tranche of at least $346 million in Tesla shares if its market capitalization stays at $100 billion...
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  Mentions: Delaware General Motors Tesla
7. BlackRock Built 5% Stake in Ex-Toshiba Unit at Centre of Takeover Battle-Filing
  
  Explore Stock Market Quotes and News Jan 22 2020 BoardNews
  
  BlackRock Inc has built a 5.12% stake in Toshiba Machine , a former Toshiba Corp subsidiary that has been targeted by Japan's most prominent activist investor, according to a regulatory filing by the U.S. asset manager. The revelation by BlackRock on Wednesday came a day after veteran activist investor Yoshiaki Murakami launched an up to $235 million hostile bid for control of the molding company...
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  Mentions: Takeover Japan stake
8. Xerox to Nominate as Many as 11 Directors to HP's Board in Takeover Push
  
  Explore Channel NewsAsia Jan 22 2020 BoardNews
  
  Xerox Holdings Corp is preparing to nominate as many as 11 directors to HP Inc's board, the Wall Street Journal reported on Tuesday, as the company seeks to push its US$33.5 billion takeover offer for the personal computer maker. The company logo for Xerox is displayed on a screen on the floor of the New York Stock Exchange (NYSE) in New York, U.S., March 11, 2019...
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  Mentions: Takeover stake Wall Street
9. Goldman CEO Says Process on Canceled WeWork IPO 'worked'
  
  Explore Google Jan 21 2020 BoardNews
  
  The IPO was canceled after investors raised questions about WeWork's valuation and corporate governance arrangements that gave its co-founder ...
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  Mentions: Investors IPO WeWork
10. Shareholder Activist Readies Hostile Takeover of Toshiba Unit
  
  Explore ft.com Jan 20 2020 BoardNews
  
  Japan’s most famous family of shareholder activists has threatened to hit a leading Toshiba subsidiary with a hostile takeover bid later this week, upping the stakes in a pivotal corporate governance battle...
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  Mentions: Takeover Bid hostile takeover Takeover
11. Hedge Fund Makes Huge Bet on Korean Governance Change
  
  Explore Yahoo! Finance Jan 20 2020 BoardNews
  
  (Bloomberg) -- A Seoul hedge fund is making a massive bet that hinges on changes in the chronic issue of South Korea’s corporate governance...
  
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  Mentions: Hedge Fund Bloomberg aeyoung Engineering & Construction Co.
12. Japan Activist Investor Yoshiaki Murakami Makes Surprise Bid to Disrupt Toshiba Deal
  
  Explore Japan news, commentary, culture, sports Jan 20 2020 BoardNews
  
  Japan’s best-known activist investor, Yoshiaki Murakami, announced a tender offer for Toshiba Machine Co., one of the entities embroiled in a controversial takeover battle for NuFlare Technology Inc...
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  Mentions: Takeover Japan technology
13. Best Buy Board Investigates CEO Barry Over Allegation of Inappropriate Relationship
  
  Explore StarTribune.com Jan 20 2020 BoardNews
  
  Best Buy Co.’s board of directors is investigating allegations that chief executive Corie Barry had an inappropriate romantic relationship with a colleague who left the company a few months before she became its leader...
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  Mentions: Best Buy Allegations inappropriate relationship
14. Airbnb Imagines a ‘Stakeholder’ World
  
  Explore The New York Times Jan 17 2020 BoardNews
  
  Brian Chesky, Airbnb’s co-founder and C.E.O., spoke exclusively to Andrew last night about the company’s announcement today that it will think about all “stakeholders” when it comes to corporate governance, not just investors...
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  Mentions: Investors Airbnb Founder
15. Activist Shareholder Group Sells Entire Primo Water Stake
  
  Explore Winston Jan 16 2020 BoardNews
  
  It didn’t take long for the shareholder group pressuring Primo Water Corp.’s board of directors and management to cash out after the company announced Monday it was being bought in a deal valued at $755 million. Activist hedge-fund group Legion Partners LP of Beverly Hills, Calif., reported in a regulatory filing Wednesday it had sold its entire 9.1% stake, or 3.57 million shares, in Primo. Primo announced at 6:45 a.m. Monday it had agreed to be sold to Cott Corp., based in Mississauga, Ontario...
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  Mentions: Activist Investors Management stake
16. PG&E's War with Activist Elliott, Pimco May be Drawing to Close
  
  Explore San Francisco Chronicle Jan 16 2020 BoardNews
  
  The hard-fought battle that has kept the biggest utility bankruptcy in U.S. history dragging on for almost a year may finally be coming to an end...
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  Mentions: bankruptcy PG&E Elliott, Pimco
17. CFOs Dealt With a Record Number of Activist Investors in 2019
  
  Explore CFO: Corporate Finance News and Events Jan 16 2020 BoardNews
  
  Across the globe, a record 147 investors (up from 131 in 2018) launched new activist campaigns in 2019, including 43 “first-timers” with no prior activism history, according to Lazard’s annual shareholder activism review...
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  Mentions: Activist Investors Investors shareholder activism
18. Nissan Considers Scrapping Advisory Roles for Former Executives
  
  Explore Japan news, commentary, culture, sports Jan 16 2020 BoardNews
  
  Nissan Motor Co. may stop placing former executives in advisory posts as part of an overhaul to its corporate governance practices following the ousting of former Chairman Carlos Ghosn, sources said Wednesday...
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  Mentions: Nissan Motor Co. Board of Directors Nissan
19. Mandalay Bay, MGM Grand Sold to Joint Venture in $4.6B Deal
  
  Explore CFO: Corporate Finance News and Events Jan 15 2020 BoardNews
  
  Mandalay Bay, MGM Grand Sold to Joint Venture in $4.6B Deal MGM Resorts will lease both properties for an initial rent of $292 million. MGM Resorts International is selling Las Vegas properties MGM Grand and Mandalay Bay to a joint venture in a deal valuing the properties at $4.6 billion, the companies said. The joint venture includes investment firm Blackstone Group and real estate investment trust MGM Growth Properties...
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  Mentions: Investment Management Corvex Management
20. Kohl’s Is Getting A New CEO
  
  Explore fortune.com Jan 15 2020 BoardNews
  
  Kohl’s CEO Kevin Mansell is stepping down next year, ending a 10-year run at the helm of a retailer he helped turned into a behemoth but that has struggled of late. The company said on Tuesday that Mansell would step down in May and be replaced by Kohl’s chief merchant and chief customer officer Michelle Gass...
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  Mentions: Michelle Gass Kohl’s Kevin Mansell
21. Activists Cheer BlackRock's Landmark Climate Move But Call for Vigilance
  
  Explore theguardian.com Jan 15 2020 BoardNews
  
  Divestment decision by the world’s biggest fund manager called a breakthrough – but only a first step. In recent decades, environmentalists have grown used to disappointment when big companies and Wall Street pay lip service to concern over the climate crisis. On Tuesday, it looked like something might have changed...
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  Mentions: Goldman Sachs Amazon crisis
22. Musk Nears $346 Million Payday as Tesla Market Value Soars
  
  Explore The New York Times Jan 14 2020 BoardNews
  
  SAN FRANCISCO — Tesla Inc Chief Executive Elon Musk is coming close to earning the first $346 million tranche of options in a record-breaking pay package, after the electric vehicle maker's stock more than doubled in the last three months...
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  Mentions: Tesla PayDay Tesla Inc
23. BlackRock Joins $41 Trillion Investor Climate Campaign
  
  Explore Royal Dutch Shell plc .com Jan 14 2020 BoardNews
  
  Last year, BP agreed to report in detail on how its investments are compatible with the Paris climate agreement after shareholders supported a resolution proposed by the activist group. It has also extracted pledges from Royal Dutch Shell and commodities giant Glencore. “This announcement from BlackRock will lead to some uncomfortable shuffling in the board rooms of Big Oil…
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  Mentions: Shell Royal Dutch Shell Glencore
24. Instructure Says Activist Investor Trying to Derail $2 Billion Thoma Bravo Deal
  
  Explore reuters.com Jan 14 2020 BoardNews
  
  U.S. educational software company Instructure Inc (INST.N) said on Monday a certain activist investor was trying to derail its $2 billion deal with private equity firm Thoma Bravo...
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  Mentions: Private Equity Board of Directors Instructure Inc
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