When Geisha Williams took over PG&E in 2017, she was stunned to learn she was the first Latina CEO of a Fortune 500 company. There hasn't been another since. Hispanic and Latina women make up just 1.6% of senior executives in the nation’s largest companies, according to a USA TODAY analysis of the S&P 100...
Tesla’s board of directors is encouraging shareholders to vote against annual reporting on discrimination and harassment, additional reporting on child labour, against collective bargaining, and against an annual report on Board diversity...
EA CEO Andrew Wilson stands on stage at a video game showcase contemplating his next million. The CEO of Madden maker Electronic Arts is set to rake in $19.8 million in total compensation for his company’s strong performance in 2021. That’s about half of what it was for 2020 after EA’s Board of Directors cracked down on exorbitant bonuses in the face of shareholder backlash, but still several hundred times more than what some of EA’s lowest-paid employees make during this time of record inflation. “For fiscal year 2022, the annual total compensation of our ...
(Reuters) -In an unusual rebuke for Jamie Dimon, CEO of JPMorgan Chase & Co, shareholders on Tuesday clearly disapproved of the special $52.6 million stock option award directors gave him last year to stay on the job for at least five more years. In an advisory say-on-pay referendum, only 31% of votes cast endorsed JPMorgan executive payments for 2021, according to a preliminary count announced at the company's annual meeting...
Chemical company American Vanguard Corp. (NYSE: AVD) faces activist Cruiser Capital Cruiser Capital nominated three directors for election at upcoming meeting AVD repeatedly rejects resignations from directors who reach age 75 for multiple years...
(Bloomberg) -- Activision Blizzard Inc. shareholders approved the company’s $69 billion sale to Microsoft Corp on Thursday, but Wall Street is betting that Biden antitrust enforcers could unravel one of the largest mergers in U.S. history...
Carnival Corporation’s CEO Arnold Donald is stepping down on August 1, the Miami-based company announced Tuesday at Seatrade, the industry’s largest global conference , in Miami Beach. Donald, a New Orleans native, navigated the world’s largest cruise company through the worst of the pandemic. He will be replaced by Josh Weinstein, 48, Carnival’s chief operations officer, who has worked for the pioneering cruise enterprise for 20 years...
Tesla CEO Elon Musk is offering to buy Twitter, saying the social media platform he has criticized for not living up to free speech principles needs to be transformed as a private company. Twitter Inc. said in a regulatory filing on Thursday that Musk, currently the company’s biggest shareholder, has proposed buying the remaining shares of Twitter that he doesn’t already own at $54.20 per share, an offer worth more than $43 billion...
Tech giant HP won a multibillion-dollar lawsuit Friday against a British businessmen it accused of fraud after purchasing his software company Autonomy a decade ago. The decision by the U.K.'s High Court also removes a hurdle for the potential extradition to the U.S. of Autonomy's founder, British entrepreneur Michael Lynch...
U.S. companies are coming under intense pressure to diversify their executive ranks, with shareholders more than doubling their formal demands for audits and increased scrutiny on hiring and promotions...
(Reuters) - U.S. corporations are fighting harder this year to keep activist shareholder proposals off the ballot at their annual meetings, partly because of a proliferation of investor demands for racial justice reforms. The trend shows the high stakes for the acting head of the U.S. Securities and Exchange Commission, who in a pair of speeches this week outlined reviews of the shareholder proposal process and voting disclosures...
(Reuters) - Wall Street may be facing an uncomfortable four years after President-elect Joe Biden's team confirmed on Monday it planned to nominate two consumer champions to lead top financial agencies, signaling a tougher stance on the industry than many had anticipated. Gary Gensler will serve as chair of the Securities and Exchange Commission (SEC) and Federal Trade Commission member Rohit Chopra will head the Consumer Financial Protection Bureau (CFPB)...
TOKYO (Reuters) - Carlos Ghosn hid part of his compensation at Nissan because he feared the French government would force him out of Renault if it discovered how much he earned, an executive at the Japanese carmaker told a Tokyo court on Thursday...
(Reuters) - Black employees make up just 4% of Tesla Inc's American leadership roles and 10% of its total workforce in the country, the electric carmaker has disclosed in its first U.S. diversity report. Women comprise 17% of the company's U.S. leadership roles - directors and vice presidents - and 21% of the overall workforce, according to the report. The figures for Asian, Black and Hispanic people combined are 33% and 60%...
The COVID-19 pandemic has brought substantial layoffs to Walt Disney Co.'s massive theme park operations and other units. The Burbank-based company said Tuesday that it would lay off 28,000 domestic employees at its parks, experiences and products division, which includes Disneyland Resort and Disney California Adventure Park in Anaheim and Walt Disney World in Orlando, Fla...
Fluor Corporation (NYSE: FLR) announced today that the company named Teri P. McClure as a director effective October 1, 2020...
DaVita Inc. (NYSE: DVA) announced today that its Board of Directors appointed a new independent director, Ms. Paula A. Price , to join the Board, effective September 1, 2020...
CBIZ, Inc. (NYSE: CBZ) ("the Company"), a leading provider of financial, insurance and advisory services, today announced the appointment of Haag Sherman as independent director to the Company's Board of Directors, effective August 6, 2020...
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...
The typical pay package for CEOs at the biggest U.S. companies topped $12.3 million in 2019, and the gap between the boss and their workforces widened further, according to AP’s annual survey of executive compensation...
Apple ( AAPL ) investors on Wednesday rejected several shareholder proposals, including one that would have linked executive pay to environmental sustainability and another that would have required the tech giant to provide annual reports on its policies on freedom of expression. The tech giant’s board — which includes former vice president Al Gore, BlackRock co-founder Susan Wagner, and Apple CEO Tim Cook — had recommended a vote against both proposals...
Former Nissan chief Carlos Ghosn said Tuesday he had fled to Lebanon to escape injustice in Japan, where he was on bail awaiting trial on financial misconduct charges. The auto tycoon's abrupt departure was the latest twist in a rollercoaster journey that saw him fall from boardroom to detention centre and it sparked questions over an embarrassing security lapse in Japan...
Elon Musk testified in a defamation lawsuit that "people think I have a lot of cash. I actually don't," despite an estimated $26.5 billion net worth...
New York (AFP) - Computer and printer maker HP on Sunday reiterated its rejection of Xerox's $33 billion takeover bid, saying the sum "significantly undervalues" the company. A tie-up would unite two firms with storied histories: Xerox was founded in 1906 and became a household name with its copy machine...