1. Articles in category: BoardNews

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    1. More Than a Dozen Bankrupt Companies Committed to Paying Millions in Bonuses

      More Than a Dozen Bankrupt Companies Committed to Paying Millions in Bonuses

      More than a dozen companies that have filed for bankruptcy during the pandemic have committed to paying millions in bonuses to their executives as many Americans are jobless, Bloomberg News reported . Of the about 100 major companies that have filed for bankruptcy since the beginning of the coronavirus pandemic, 19 of them have committed to paying a total of $131 million in retention and performance bonuses, both before and after filing for bankruptcy, according to Bloomberg’s analysis...

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    2. Ackman’s Blank Check Company Raises IPO Target to $4 Billion

      Ackman’s Blank Check Company Raises IPO Target to $4 Billion

      Pershing Square Tontine Holdings, the blank check company backed by billionaire investor Bill Ackman , has increased the size of its initial public offering by $1 billion to $4 billion, the largest ever IPO by a special purpose acquisition company, or SPAC. The firm plans to go public with 200 million units at $20 each, according to a regulatory filing on Monday. A SPAC uses IPO proceeds and borrowed funds to acquire a company, typically within two years...

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    3. Ted Baker Faces Investor Revolt Over Executive Pay, Times Says

      Ted Baker Faces Investor Revolt Over Executive Pay, Times Says

      (Bloomberg) -- Ted Baker Plc is facing a revolt against controversial plans to increase executive pay as the company fights for survival, the Sunday Times reported. Institutional Shareholder Services Inc. recommended that investors vote down the retailer’s remuneration policy at its annual general meeting next week, the paper reported. The advisory firm says the company’s decision to increase executive salaries and bonuses is not justified...

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    4. SoftBank Governance Reforms Stop Short of Vision Fund

      SoftBank Governance Reforms Stop Short of Vision Fund

      (Reuters) - SoftBank Group Corp has no plans to increase board oversight of its $100 billion Vision Fund, two sources said, disregarding calls from activist investor Elliott Management and signalling governance reforms have stopped short of the fund. In recent months Chief Executive Masayoshi Son has met other Elliott demands, from launching a 2.5 trillion yen ($23 billion) buyback - vital ...

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    5. Advisory Firm Urges Tesla Shareholders to Oust Musk From Board

      Advisory Firm Urges Tesla Shareholders to Oust Musk From Board

      Tesla ‘s stock may have hit an all-time high , trading at $1,113 as of Wednesday morning, while the company’s market cap is up to over $200 billion, making it the most valuable car company in the world. However, one firm that advises shareholders is calling for the firm to remove CEO Elon Musk from the company’s board, due to the potential exposure to lawsuits...

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    6. Tesla No Longer Even A Growth Company; Going Bankrupt: Shortseller

      Tesla No Longer Even A Growth Company; Going Bankrupt: Shortseller

      Stanphyl Capital letter to investors for the month ended June 30, 2020, discussing their short thesis for Tesla Inc (NASDAQ: TSLA ) and other positions in several small-cap stocks. For June 2020 the fund was down 3.9% net of all fees and expenses. By way of comparison, the S&P 500 was up 2.0% while the Russell 2000 was up 3.5%. Year-to-date 2020 the fund is down 7.0% while the S&P 500 is down 3.1% and the Russell 2000 is down 13.0%...

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    7. How Moderna Execs are Cashing in on COVID-19 Vaccine Stock Speculation

      How Moderna Execs are Cashing in on COVID-19 Vaccine Stock Speculation

      (Reuters) - Biotech firm Moderna Inc could reap tens of billions of dollars in sales and stock appreciation if it wins the race for a COVID-19 vaccine. If it loses, the early-stage company’s value could crash. In the meantime, the firm’s chief executive is pocketing millions of dollars every month by selling shares that have tripled in price on news of Moderna’s development progress, a Reuters analysis of corporate filings shows...

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    8. Former L'Oréal Executive Appointed Coty's Third CEO This Year

      Former L'Oréal Executive Appointed Coty's Third CEO This Year
      • Coty Inc. is getting its third new CEO this year: longtime L'Oreal veteran Sue Nabi.
      • Nabi served as president of both L'Oreal and Lancome and also founded the skincare business Orveda.
      • She replaces Peter Harf, who will stay on as the brand's executive chairman.
      • Visit Business Insider's homepage for more stories.
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    1-24 of 10356 1 2 3 4 ... 430 431 432 »
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