Articles in category: BoardNews

1. Elon Musk Says he has No Plans on Stepping Down as Chairman and CEO of Tesla

   Explore Business Insider 23 hours, 57 min ago BoardNews

   

   • Tesla CEO Elon Musk says he has no plans to relinquish his dual role as chairman and CEO.
   • Musk is under intense scrutiny by the US Securities and Exchange Commission and is facing lawsuits over his tweets last week about taking his company private.

   Elon Musk has no plans to relinquish his dual role as chairman and chief executive officer of Tesla, he said in an interview with the New York Times on Thursday...

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   Mentions: CEO SEC Tesla

2. Starboard Eyes Symantec Board Seats After Taking Stake

   Explore Yahoo Finance Aug 16 2018 BoardNews

   

   (Reuters) - Hedge fund Starboard Value LP has nominated five directors to Symantec's board after taking a 5.8 percent stake in the cybersecurity firm, it said on Thursday, upping pressure for moves to improve performance...

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   Mentions: Technology Activist Investors Hedge Fund

3. The CMO of $30 Billion Financial Giant State Street Says to be Successful, You Have to be the CEO of Your Own Brand

   Explore Business Insider Aug 15 2018 BoardNews

   

   • In the eyes of the world "Fearless Girl" — the bronze statue of a defiant girl in front of the Wall Street bull — is the biggest marketing coup in recent history. Not for Hannah Grove.
   • In this interview with Business Insider CEO Henry Blodget, the State Street CMO talks about how Fearless Girl represents a call for greater governance and stewardship by women...

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   Mentions: CEO Google State Street

4. Tesla's Board Scrambles to Control a Chief Executive Who Some Directors Think is Out of Control

   Explore CNBC.com Aug 15 2018 BoardNews

   

   Some members of the board have grown alarmed by what they see as Mr. Musk’s erratic behavior, the New York Times reports...

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   Mentions: Goldman Sachs Twitter Uber

5. Britain's CEO Pay Climbs 11% in One Year — as Working Wages Flatline

   Explore Yahoo Finance Aug 15 2018 BoardNews

   

   The pay of FTSE 100 bosses surged 11 percent in the past year, pushing their median pay up to nearly £4 million ($5.1 million), according to a report which also found full-time employees received a 2 percent rise over the same period. More The pay of FTSE 100 bosses surged 11 percent in the past year, pushing their median pay up to nearly £4 million ($5.1 million), according to a report which also found full-time employees received a 2 percent rise over the same period...

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   Mentions: Executive Compensation CEO Royal Mail

6. Elon Musk's Tesla Tweets Could Spark a Fight With the Sec | Wired

   Explore wired.com Aug 15 2018 BoardNews

   

   Elon Musk and His Fight With the SEC For the SEC—which, like many enforcement agencies, enjoys making headlines with shows of force—investigating Elon Musk's tweet about taking Tesla private could be an easy win. Joshua Lott/Getty Images UPDATE: On Wednesday, August 15, the Fox Business Network reported that Tesla received subpoenas from the US Securities and Exchange Commission. The Wall Street Journal and New York Times later confirmed the reports.

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   Mentions: Corporate Governance CEO SEC

7. Members of Tesla's Board of Directors are Lawyering up as Crisis Around Elon Musk Deepens

   Explore Business Insider Aug 15 2018 BoardNews

   

   • Some members of Tesla's board of directors are hiring lawyers to protect themselves in the ongoing fallout from CEO Elon Musk's public declarations about taking the company private.
   • Fellow board members are also urging Musk to cool it with the public statements about a go-private deal, according to a New York Times story published Tuesday night.
   • By all appearances, Musk has ignored that advice...

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   Mentions: CEO SEC Twitter

8. Tesla’s new Model 3? Three board members to evaluate any take-private deal

   Explore Home - San Jose Mercury News Aug 15 2018 BoardNews

   

   A production associate works on a Tesla Model 3 at the Tesla factory in Fremont, Calif. on Wednesday, July 18, 2018. (Ray Chavez/Bay Area News Group) By Rex Crum | | Bay Area News Group PUBLISHED: August 14, 2018 at 7:59 am | UPDATED: August 14, 2018 at 6:20 pm They might not be the Model 3, but three of Tesla’s independent board directors could soon be at the center of the latest drama involving the electric carmaker.

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   Mentions: SEC Goldman Sachs Twitter

9. Meet the 3 Tesla Board Members Set to Decide on Elon Musk's Go-Private Plan

   Explore Business Insider Aug 14 2018 BoardNews

   

   • Tesla's board of directors has formed a special committee to examine CEO Elon Musk's preference to take the company private, according to a statement on the electric-car maker's website.
   • Three independent board members — Brad Buss, Robyn Denholm, and Linda Johnson Rice — will sit on the special committee.
   • While Musk has not yet presented a formal proposal to take Tesla private, he will need the committee's approval before such a move can occur...

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   Mentions: Technology CEO Special Committee

10. Tesla's board forms a Special Committee to Evaluate Going Private

    Explore CNBC.com Aug 14 2018 BoardNews

    

    Musk publicly floated the possibility of a buyout last week, and the company has been offering updates and added context in the days since...

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    Mentions: Technology CEO SEC

11. Billionaire Carl Icahn Has Changed his Mind on Cigna's $52 Billion Purchase of Express Scripts

    Explore Business Insider Aug 14 2018 BoardNews

    

    • Carl Icahn has dropped his fight to stop health insurer Cigna’s purchase of Express Scripts, a pharmaceutical company.
    • Last week, Icahn said he would try and solicit proxy votes to block the $52 billion deal.
    • Icahn told CNBC that blocking the deal would be impossible and "there’s no point in fighting just to fight."

    Activist investor Carl Icahn has reversed his position on US health insurer Cigna’s purchase of pharmaceutical subscription company Express Scripts...

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    Mentions: Management Carl Icahn ISS

12. Tesla forms special committee to consider going private

    Explore Chicago Tribune Aug 14 2018 BoardNews

    

    An Australian telecom executive, the leader of a cosmetics company, and the former finance chief of Elon Musk 's solar-power company are now in charge of deciding Tesla Inc. 's fate. The board of the electric-car maker formed a special committee to evaluate its chief executive officer's proposal to take the company private, a day after he revealed more on who will advise him and help fund the potential deal.

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    Mentions: CEO Special Committee Goldman Sachs

13. Tesla Shareholders Launch Class-Action Suit on Musk Tweet ...

    Explore boardprospects.com Aug 14 2018 BoardNews

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    Mentions: Tesla Bloomberg Elon Musk

14. Some of Tesla's Board Members Were Reportedly 'Totally Blindsided' by Elon Musk's Tweet About Going Private

    Explore Business Insider Aug 14 2018 BoardNews

    

    • Elon Musk's decision to tweet that he was considering taking Tesla private reportedly caught the company's own board of directors off-guard, The New York Times reported Monday night.
    • That August 7 tweet caused Tesla's stock to skyrocket to $380 per share that day.
    • In the days that followed, the SEC got involved, reportedly investigating Musk's online musings about taking the company private.
    • The fallout from that tweet follows an extended run of public missteps by the Tesla CEO...

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    Mentions: CEO SEC Twitter

15. Activist Elliott Management Pushes for Outright Sale of Nielsen, Source Says

    Explore CNBC.com Aug 13 2018 BoardNews

    

    Elliott, the firm founded and led by billionaire Paul Singer, says it has economic exposure to about 8.4 percent of Nielsen's shares and indicates it intends to push for a sale...

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    Mentions: Management KKR private equity firms

16. Dean Foods Tweaks Executive Pay Plan After Cutting Profit Forecast

    Explore BNN Bloomberg Aug 13 2018 BoardNews

    

    (Bloomberg) -- Dean Foods Co., the largest U.S. milk bottler, cut its profit forecast last week. A day later, it amended an incentive compensation plan for senior executives, severing a link between earnings and some of their potential bonus payments...

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    Mentions: Executive Compensation Dean Foods

17. Brookdale Activist Wants More Change

    Explore Home | Nashville Post Aug 13 2018 BoardNews

    

    An activist Brookdale Senior Living shareholder last week took the company to task for blocking corporate governance changes and called for it to sell ...

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    Mentions: Investment Activist Investors Corporate Governance

18. Tesla Surges After Elon Musk offers Details About his 'Funding Secured' Tweet

    Explore Stock Market Data Today Aug 13 2018 BoardNews

    

    • Tesla CEO Elon Musk wrote in a blog post Monday that he left a meeting on July 31 with "no question that a deal with the Saudi sovereign fund could be closed."
    • The blog post offers new details into Tesla's plan to go private at $420 per share, which the billionaire announced last week, saying funding had been secured.
    • Shares initially surged to an all-time high, before wiping out all their gains as lawyers said the tweet may have broken securities laws and reports of the SEC investigating...

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    Mentions: Investment CEO SEC

19. Jefferies Poaches Influential Activist Defense Head From Credit Suisse

    Explore eFinancialCareers Aug 13 2018 BoardNews

    

    ... advising companies on contentious M&A transactions, proxy fights and corporate governance issues into one of the more well-known on Wall Street...

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    Mentions: Corporate Governance Credit Suisse Bill Ackman

20. Activist Elliott Management to Push Nielsen Holdings to Sell

    Explore wsj.com Aug 13 2018 BoardNews

    

    Activist investor Elliott Management Corp. has taken a big stake in Nielsen Holdings PLC and plans to push the TV-ratings company to sell itself. The New York hedge fund owns more than 8% of Nielsen, worth at least $640 million, people familiar with the matter said Sunday. Elliott, which has been launching campaigns at a blistering pace this year, could unveil the new effort as soon as Monday. Multiple...

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    Mentions: Management Hedge Fund Elliott Management

21. Tesla CEO Musk Taunts Short Sellers Amid Legal Scrutiny

    Explore boardprospects.com Aug 12 2018 BoardNews

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    Mentions: CEO SEC Tesla

22. California May Mandate a Woman in the Boardroom, But Businesses are Fighting It

    Explore TechCrunch Aug 12 2018 BoardNews

    

    California is moving toward becoming the first state to require companies to have women on their boards –assuming the idea could survive a likely court challenge. Sparked by debates around fair pay, sexual harassment and workplace culture, two female state senators are spearheading a bill to promote greater gender representation in corporate decision-making...

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    Mentions: Board Governance Board Diversity Twitter

23. Icahn Dealt Another Blow as Glass Lewis Supports Cigna Deal

    Explore BNN Bloomberg Aug 11 2018 BoardNews

    

    (Bloomberg) -- Another prominent shareholder advisory firm has come out in support of Cigna Corp.’s $54 billion takeover of pharmacy benefits manager Express Scripts Holding Co., dealing another blow to activist investor Carl Icahn’s efforts to block the transaction...

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    Mentions: Carl Icahn Amazon Takeover

24. Satya Nadella Unloads 30% of his Microsoft Common Stock in Biggest Sale as CEO

    Explore CNBC.com Aug 11 2018 BoardNews

    

    Microsoft's chief made a big stock sale on Friday as the company's shares neared an all-time high...

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    Mentions: CEO Sale Microsoft

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People in the News

1. (20 articles) Elon Musk
2. (11 articles) SEC
3. (11 articles) Carl Icahn
4. (9 articles) Les Moonves
5. (6 articles) Shari Redstone
6. (5 articles) John Schnatter
7. (5 articles) Leadership
8. (4 articles) Special Committee
9. (3 articles) Executive Compensation
10. (3 articles) John Paulson
11. (3 articles) Diversity
12. (3 articles) Mark Zuckerberg

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1. (20 articles) Tesla
2. (15 articles) AMP
3. (14 articles) Twitter
4. (13 articles) CBS
5. (12 articles) Bloomberg
6. (9 articles) Facebook
7. (8 articles) Cigna
8. (8 articles) Express Scripts
9. (7 articles) Viacom
10. (7 articles) Snap
11. (7 articles) Goldman Sachs
12. (7 articles) Papa John's

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1. (72 articles) CEO
2. (14 articles) Management
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5. (9 articles) Corporate Governance
6. (9 articles) Investment
7. (7 articles) Hedge Fund
8. (2 articles) Annual Meeting
9. (2 articles) Public Companies
10. (1 articles) Audit Committee
11. (1 articles) Opinion
12. (1 articles) Investor Relations

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1. (50 articles) Board of Directors
2. (30 articles) stake
3. (18 articles) Wall Street
4. (13 articles) acquisition
5. (12 articles) Women
6. (9 articles) crisis
7. (9 articles) Founder
8. (9 articles) stock options
9. (8 articles) lawsuit
10. (8 articles) investigation
11. (7 articles) Europe
12. (6 articles) sexual harassment