1. Articles in category: BoardNews

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    1. Facebook Investors Want to Seize a Golden Opportunity to Fire Mark Zuckerberg as Chairman

      Facebook Investors Want to Seize a Golden Opportunity to Fire Mark Zuckerberg as Chairman
      • A second Facebook investor wants Mark Zuckerberg out as chairman.
      • Zuckerberg controls Facebook thanks to the way the company's stock is structured, meaning he has final say on the future direction of the company.
      • That's frustrating for activist investors who watched the Cambridge Analytica scandal wipe $60 billion off the firm's market cap over the past few weeks.
      • Now is a golden opportunity for those investors to gang up and call for Zuckerberg to step down...
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    2. Lawsuit Alleges Xerox CEO Disregarded Board in pursuing Fuji Deal

      Lawsuit Alleges Xerox CEO Disregarded Board in pursuing Fuji Deal

      (Reuters) - A lawsuit is alleging that Xerox Corp ( XRX.N ) Chief Executive Officer Jeff Jacobson pursued a deal with Fujifilm Holdings Corp ( 4901.T ), even after Xerox’s board advised him to halt negotiations, the Wall Street Journal reported on Sunday. FILE PHOTO - Xerox chief executive officer, Jeff Jacobson, takes part in an interview on the floor of the New York Stock Exchange (NYSE) in New York, U.S., January 4, 2017...

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    3. Unilever Faces Shareholder Revolt Over Executive Pay

      Unilever Faces Shareholder Revolt Over Executive Pay

      Unilever faces a stand-off with shareholders over executive pay next month, after two influential shareholder advisory firms urged investors to reject the consumer goods giant's proposals. Unilever is attempting to swap its 'base salary' for a consolidated 'fixed pay' structure, which would mean it could hand larger pay rises and bonuses to its executives...

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    4. London Stock Exchange Finds New CEO at Goldman Sachs

      London Stock Exchange Finds New CEO at Goldman Sachs

      London Stock Exchange Group hired Goldman Sachs Group ’s David Schwimmer to run the 217-year-old bourse, ending a months-long search for a CEO by appointing another investment banker. He will join the group on Aug. 1 following a 20-year career at Goldman Sachs (gs) , the exchange said in a statement on Friday. Schwimmer, 49, takes up one of the most high-profile jobs in the City of London and is currently based in New York...

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    5. William Hill CEO’s 9% Raise Slammed by ISS Advisory Group

      William Hill CEO’s 9% Raise Slammed by ISS Advisory Group

      A 9.1 percent pay increase for new William Hill Plc Chief Executive Officer Philip Bowcock threatens to spark a shareholder rebellion at the U.K. bookmaking group. Institutional Shareholder Services Inc. , the advisory group that normally commands as much as 25 percent of shareholder support for its resolutions ahead of company annual general meetings, has advised William Hill investors to vote against the company’s remuneration report at its coming annual meeting...

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    6. Doug Ford Vows to Fire Hydro One CEO, Board if Elected

      Doug Ford Vows to Fire Hydro One CEO, Board if Elected

      Ontario PC Leader Doug Ford is vowing to fire the head of Hydro One, and its entire board if he's elected premier in June. Ford made the announcement Thursday morning, calling President and CEO Mayo Schmidt, Premier "Kathleen Wynne's $6-Million dollar man," referring to his yearly salary and bonuses, which now add up to $6.2 million. "This board and this CEO are laughing themselves to the bank," Ford said...

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    7. Cbs Ceo Les Moonves Could Make up to $280 Million if Shari Redstone Fires Him Over Embattled CBS-Viacom Merger

      Cbs Ceo Les Moonves Could Make up to $280 Million if Shari Redstone Fires Him Over Embattled CBS-Viacom Merger
      • CBS CEO Leslie Moonves could reportedly make up to $280 million if he is fired over an embattled potential merger between CBS and Viacom, Bloomberg reported.
      • CNBC reported on Wednesday that Shari Redstone, the controlling shareholder of CBS and Viacom, was "likely" to remove Moonves as the head of CBS if merger negotiations between CBS and Viacom fell through.
      • Moonves' contract entitles him to $150 million if he is fired before its expiration in 2021, Bloomberg reported...
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      Mentions: CEO Merger Bloomberg
    8. AutoNation Shareholders to Vote on Proposal to Split Chair and CEO Roles

      AutoNation Shareholders to Vote on Proposal to Split Chair and CEO Roles

      Instead of focusing on corporate governance , AutoNation chooses to “attack the person who is proposing the amendment,” he said. There has been some pushback from the SEC on shareholder proposals, with the regulatory agency issuing a legal brief suggesting some restrictions. The SEC declined to ...

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    9. Ready to Rumble, Ironwood? Activist Investor Alex Denner Suits up for Board-Seat Bid

      Ready to Rumble, Ironwood? Activist Investor Alex Denner Suits up for Board-Seat Bid

      Activist investor Alex Denner is back at it in biopharma. Just a few months after playing a pivotal role in Sanofi’s Bioverativ acquisition, he has set his sights on Ironwood Pharmaceuticals. The Massachusetts drugmaker on Monday said it had received word from Denner’s Sarissa Capital Management, which held 1.92 million Ironwood shares at the end of 2017, that it intended to nominate Denner for Ironwood’s board...

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    10. ICICI Bank faces risk to its reputation after allegations against CEO Chanda Kochhar: Fitch

      ICICI Bank faces risk to its reputation after allegations against CEO Chanda Kochhar: Fitch

      The global ratings agency said it is doubtful about the strength of corporate governance at the private bank, PTI reported. “An investigation into allegations that India's ICICI Bank extended a loan with a potential conflict of interest raises questions over the bank's governance and creates reputational risks ...

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