The CEO of Victoria's Secret Lingerie is leaving the company, The Wall Street Journal reported on Wednesday.

Jan Singer, who has been with the company for two years, previously hailed from Nike and more recently Spanx, where she served as CEO for over a year..

• MoviePass parent company, Helios & Matheson Analytics (HMNY), announced Tuesday that it had canceled a special shareholders meeting regarding a vote on a proposed 1-for-500 reverse stock split.
• The meeting was postponed twice and then canceled because the company said it "does not expect to have the requisite stockholder votes to approve the proposed reverse stock split," according to an SEC filing...

Healthcare IT company Athenahealth reached an agreement with Veritas Capital and Elliott Management to be acquired in a $5.7 billion deal. The deal comes after a long-running push from Elliott for Athenahealth to sell itself. Under the two big investment firms, Athenahealth will be combined with Virence Health, a company Veritas acquired earlier this year. The Athenahealth saga is coming to a close...

• A federal grand jury on Thursday charged former Tesla employee Salil Parulekar with embezzling around $9.3 million from the automaker, the Department of Justice said in a press release.
• Parulekar, who worked in Tesla's supply management division, allegedly sent money meant for one supplier, Hota Industrial Manufacturing, to another supplier, Schwabische Automotive GmbH (SHW), in 2016 and 2017.
• Parulekar was charged with nine counts of wire fraud and one count of aggravated identity theft...

• Apttus is scrambling to calm employees and partners following allegations of misconduct by its former CEO.
• David Murphy, the chairman and interim CEO, told staff on Monday that he had to address the concerns with people like Salesforce CEO Marc Benioff.
• But now employees have a new concern: a potential parachute package worth $26.5 million for Apttus' chief operating officer, who is himself a contentious figure at the company...

• The Essilor Group, an ophthalmics company based in France, has an employee stock ownership plan (ESOP). Its employees are its largest group of shareholders.
• All employees, regardless of seniority, are eligible to purchase shares, and Essilor matches the investments up to a certain amount.
• Employees can also vote on company decisions through the employee shareholder association.
• Other companies, like Sears, have adopted ESOPs in the past — but it's not for every organization...

• Uber's board held a "marathon meeting" last week, Bloomberg reported, as the company grapples with its ties to Saudi Arabia in the wake of Washington Post journalist Jamal Khashoggi's murder.
• The Kingdom now reportedly owns more than 10% of the ride-hailing firm, which is eyeing an IPO as valuable as $120 billion next year...

• Steve Joyce has led Applebee's and IHOP on impressive comebacks since taking over as CEO of parent company Dine Brands in September 2017.
• Since Joyce took over, the Dollarita kicked off a cheap drinks revolution at Applebee's, while IHOP redefined what it means for a campaign to go viral with its polarizing IHOb name change.
• Joyce spoke with Business Insider last week about changing the company's culture, making comebacks, planning new brands for Dine, and much more...

• Citigroup's board has chosen John Dugan, the former head of the OCC, to be its next chairman, according to a company statement.
• Dugan will replace Mike O'Neill, who's leaving after hitting the mandatory retirement age of 72, on January 1.
• The choice of Dugan rather than Citi CEO Mike Corbat, also thought to be in the running for the role, preserves a split between the chairman and CEO positions that is relatively rare across Wall Street...

• It's become increasingly clear that Alphabet needs new leadership.
• The recent scandals and controversies and scandals at the company, most notably over its handling of sexual harassment allegations, have highlighted the shortcomings of its top leaders.
• CEO Larry Page, for example, hasn't made a public appearance in years.
• Behind the scenes, though, he and other top leaders have been enabling bad behavior among high-level employees, by all reports...

• Tesla has until the end of November to add two independent directors to its board, as per a $40 million settlement with the Securities and Exchange Commission.
• CtW Investments and elected officials from three states are urging the company to go above and beyond the legal requirements in order to protect investors.
• Five of Tesla's eight directors currently have close ties to CEO Elon Musk, the letter says, despite meeting the legal requirements for independence...

• BlackRock CEO Larry Fink said at the New York Times Dealbook Conference on Thursday that within five years, all investors will be using ESG (environmental, social, and governance) metrics.
• In January, Fink wrote in his annual letter to CEOs that all companies must outline their purpose.
• Fink explained his prediction is based on a demand from consumers and employees...

• IBM announced on Sunday it would acquire the open source software company Red Hat for $190 per share, for a total deal value of about $34 billion.
• The acquisition stands to be a significant payday for Red Hat's top executives and shareholders.

• Red Hat President Jim Whitehurst could make over $72 million from the deal.
• Red Hat's top insTitutional shareholder, Vangaurd Group, holds Red Hat stock now valued in the deal at $3.5 billion...

• Oracle founder, CTO, and executive chairman Larry Ellison defended Tesla CEO Elon Musk during an analyst meeting on Thursday and said Tesla is his second-biggest investment, Bloomberg reports.
• Ellison reportedly criticized media coverage of Musk, who has attracted controversy in recent months.
• "He’s landing rockets on robot drone rafts in the ocean," Ellison reportedly said. And you’re saying he doesn’t know what he’s doing. Well, who else is landing rockets?..

• Two Sears board directors have hired an investment bank to look into deals made by the company's former CEO Eddie Lampert before the company filed for bankruptcy.
• The directors are questioning the ways the company separated its real-estate and Sear's businesses under Lampert's watch.
• The directors say that doing so caused Sears to lose several valuable assets. They are consulting with the investment bank on whether Lampert's actions constituted legal actions against him...

• BlackRock, CalPERS and other influential governance critics are asking two stock exchanges for more fairness in voting rights.
• A group representing funds and firms petitioned the New York Stock Exchange and NASDAQ on Wednesday to limit companies' trading if they have unequal voting structures.

A group that represents big funds like BlackRock and the California State Teachers' Retirement System is seeking to limit what it deems unequal voting rights at public companies...

• Sears is about to find itself in a dire cash situation, according to court filings reported by Bloomberg.
• The company is relying on a $300 million bailout from former CEO Eddie Lampert. Without this, it could be forced to liquidate in as soon as two weeks from now.
• The department store has been closing stores and losing money for years. It has stayed afloat thanks to Lampert bailing it out with billions of dollars in loans through his hedge fund, ESL Investments...

The parent company of MoviePass gave another indication Thursday that it's struggling to convince shareholders to back its plan to reverse-split its stock for the second time in four months.

Helios and Matheson, which bought a controlling stake in the subscription movie ticket service last year, has hired a second firm to help it collect investor votes, it announced..

• Helios and Matheson, the parent company of MoviePass, is seeking to boost its share price through another reverse-split of its stock.
• Two of the major research firms that offer investors advice on shareholder votes back the reverse-split proposal.
• Even so, investors appear dubious of it.
• They have good reason to oppose it — it would free the company up to issue billions of new shares of stock after it's already massively diluted shareholders...

• Four powerful institutional Facebook investors have co-filed a shareholder proposal calling for Mark Zuckerberg's dual role as CEO and chairman to be split.
• The proposal was originally filed by activist investor Trillium Asset Management and revealed by Business Insider in July after Facebook's brutal second quarter earnings...

• Elon Musk plans to buy $20 million of Tesla stock, the company said in a filing Wednesday.
• The plans were announced the day after a judge approved Tesla and Musk's settlement with the US' top stock regulator.

Tesla CEO Elon Musk plans to buy $20 million worth of the company’s stock on the open market "during the next open trading window," the company said in a regulatory filing Wednesday...

• MoviePass' parent company, Helios and Matheson Analytics, has postponed its special meeting of stockholders regarding the vote on a 1-for-500 reverse stock split to November 1.
• The meeting was originally scheduled for Thursday.
• MoviePass investors have voiced their displeasure with Helios and Matheson about the proposed reverse split on Twitter...

• Tesla rallied Tuesday morning after a judge approved CEO Elon Musk's settlement over a fraud charge.
• The Securities and Exchange Commission sued Musk last month over allegations that he committed fraud when he said he had "funding secured" to take Tesla private.
• All eyes are on now on the company's third-quarter earnings report later this month...

• Eddie Lampert sent an email to Sears employees on Monday announcing the company's bankruptcy filing.
• "I’ve decided to step down as CEO," Lampert wrote. "Know that this does not change my commitment to Sears Holdings, and I will continue to be actively involved as chairman of the board of directors."
• Lampert attributed the company's bankruptcy filing to "a difficult retail environment, unsatisfactory operating performance, and legacy liabilities impacted by historically low interest rates."...