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    1. Tesla says Elon Musk Will Only Get Paid When the Company Performs Well

      Tesla says Elon Musk Will Only Get Paid When the Company Performs Well

      (Reuters) - Tesla Inc said on Tuesday Chief Executive Elon Musk will receive no guaranteed compensation of any kind, and that he will be paid only if the company and all of its shareholders do extraordinarily well.

      The compensation will be based on a combination of market capitalization and operational milestones, the electric carmaker said in a statement...

      Read Full Article
    2. Celgene is Buying Cancer Drugmaker Juno Therapeutics for $9 Billion

      Celgene is Buying Cancer Drugmaker Juno Therapeutics for $9 Billion
      • Celgene is acquiring Juno Therapeutics, a company developing personalized cancer treatments in a deal worth $9 billion.
      • It's the second deal in 2018 for the biotech giant, which has been under pressure from investors.
      • The highly personalized treatments Juno makes, called CAR T-cell therapy, are at the beginning of what some are calling "a big new field of medicine...
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    3. Larry Fink, CEO of $6.3 Trillion Manager BlackRock, Just Sent a Warning Letter to CEOs Everywhere

      Larry Fink, CEO of $6.3 Trillion Manager BlackRock, Just Sent a Warning Letter to CEOs Everywhere
      • BlackRock CEO Larry Fink on Tuesday sent a letter to CEOs of public companies outlining his expectation that they start accounting for their effect on society.
      • BlackRock, a $6.3 trillion asset manager, is doubling the size of its investor-stewardship program, which aims to engage with companies rather than rely on proxy voting.
      • "Society is demanding that companies, both public and private, serve a social purpose," Fink wrote...
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    4. Former Uber CEO Travis Kalanick Just Became an Actual Billionaire with $1.4 Billion in Cash, and he Plans to Start Giving it Away

      Former Uber CEO Travis Kalanick Just Became an Actual Billionaire with $1.4 Billion in Cash, and he Plans to Start Giving it Away
      • It's been a good day for the former Uber CEO Travis Kalanick.
      • A deal with perhaps the most powerful investor in tech, one that had been in the works for months, closed on Thursday.
      • That deal dropped a cool $1.4 billion in cash into Kalanick's pocket and will soon end a contentious lawsuit with his biggest investor, Benchmark.
      • Kalanick's first order of business is setting up a charitable foundation and donating a big chunk of his money to it, Business Insider has learned...
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      Mentions: CEO Uber SoftBank
    5. An Early Stage Startup Investor Made its Term Sheet Public to Increase Transparency in Tech Investment

      An Early Stage Startup Investor Made its Term Sheet Public to Increase Transparency in Tech Investment

      Forward Partners

      • British venture capital firm Forward Partners has published a detailed pre-seed term sheet.
      • The public term sheet means founders can learn what to expect from a funding deal.

      Early stage startup investor Forward Partners has published its pre-seed term sheet, giving entrepreneurs a detailed look at what they can expect from a funding deal.

      You can see the term sheet below...

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      Mentions: Investment IPO UK
    6. Apple Didn't Know That Activist Investors Wanted it it Take on Child Safety

      Apple Didn't Know That Activist Investors Wanted it it Take on Child Safety
      • Apple didn't know that two of its biggest investors, Jana Partners and the California State Teachers’ Retirement System, wanted it to take a bigger role in children safety.
      • Apple was given a heads-up call shortly before the investors publicly released a letter calling for changes, but the letter wasn't the result of previous talks or suggestions made privately to Apple...
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    7. Disney's Video Streaming Plans Mean Twitter's Jack Dorsey and Facebook's Sheryl Sandberg Have to Leave its Board

      Disney's Video Streaming Plans Mean Twitter's Jack Dorsey and Facebook's Sheryl Sandberg Have to Leave its Board

      The CEO of Twitter and COO of Facebook are leaving Disney's board due to conflicts of interest, as Disney gears up to launch a digital streaming service to rival Netflix.

      On Friday, the entertainment giant announced that chief operating officer Sheryl Sandberg and chief exec Jack Dorsey will not not be seeking re-election to its board...

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      Mentions: CEO Starbucks Twitter
    8. Walmart is Giving its Workers a Huge Pay Raise and a Cash Bonus of up to $1,000

      Walmart is Giving its Workers a Huge Pay Raise and a Cash Bonus of up to $1,000

      Walmart is raising hourly pay from $9 to $11 as a result of recent tax law changes.

      • It's also offering employees a one-time cash bonus of up to $1,000, expanded maternity and parental leave benefits, and assistance with adoption expenses.
      • The changes will impact more than one million Walmart employees in the US.

      Walmart is raising starting wages for hourly employees to $11 and offering a one-time cash bonus of up to $1,000, the company said Thursday...

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      Mentions: CEO Walmart Pay Raise
    9. The first female big pharma CEO had the perfect response to a question about women in leadership

      The first female big pharma CEO had the perfect response to a question about women in leadership

      GlaxoSmithKline CEO Emma Walmsley made history in 2017, when she became the first woman to head up a major pharmaceutical company. 

      In her first company presentation at an industry conference as the CEO of GSK, Walmsley was asked about female leadership in the pharmaceutical industry. She responded not by talking about gender, but by running through how she thinks about her responsibilities as CEO. 

       

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    10. Warren Buffett says Bitcoin 'Definitely will Come to a Bad Ending'

      Warren Buffett says Bitcoin 'Definitely will Come to a Bad Ending'
      • "What's going on definitely will come to a bad ending," said Warren Buffett, Berkshire Hathaway's CEO, on cryptocurrencies.
      • Buffett told CNBC the firm will never have a position in cryptocurrencies.

      Berkshire Hathaway CEO Warren Buffett said Wednesday that the firm had no interest in jumping on the cryptocurrency bandwagon.

      "We don't own any, we're not short any, we'll never have a position in them," Buffett said in an interview on CNBC...

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    11. ‘These are bad facts for him’: Intel CEO's $24 Million Stock Sale Before Disclosing the Chip Flaw Could Trigger Lawsuits, SEC Inquiry (

      ‘These are bad facts for him’: Intel CEO's $24 Million Stock Sale Before Disclosing the Chip Flaw Could Trigger Lawsuits, SEC Inquiry (

      Institutional investors are talking to plaintiffs lawyers about potentially filing suit against Intel over CEO Brian Krzanich's massive stock sale in November.

      • Krzanich gained some $24 million by selling all the shares and options he was allowed to sell under a plan he put in place only the month before. His plan was put in place months after Intel was informed of a major security vulnerability in its chips...
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      Mentions: Investors CEO SEC
    12. 'The S&P 500 Has a 10% Correction:' Blackstone's Byron Wien Unveils His Big Surprises for 2018

      'The S&P 500 Has a 10% Correction:' Blackstone's Byron Wien Unveils His Big Surprises for 2018
      • Blackstone Vice Chairman and investing ace Byron Wien is out with his list of 10 "surprises" for 2018.
      • These predictions, he says, have a better-than-50% chance of happening, but the average investor assigns them only about a one-in-three chance.
      • The list, now in its 33rd year, includes a 10% stock market correction, populism worsening, and Republicans losing big in the midterm elections...
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    13. Benchmark Sold off $900 Million of its Uber Stock But Wanted to Sell More

      Benchmark Sold off $900 Million of its Uber Stock But Wanted to Sell More

       

      • Benchmark is selling nearly 15% of its stake in Uber to Softbank for about $900 million.
      • The deal is part of Softbank's effort to build up a big stake in ride-hailing giant Uber, by buying shares from existing shareholders and from Uber itself.
      • Softbank offered to buy shares from existing shareholders at a steep discount to Uber's most recent private valuation.  Even so, shareholders offered to sell Softbank more shares than it wanted to buy, including Benchmark....
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      Mentions: CEO Uber Japan
    14. Spotify has Reportedly Filed for its IPO in Secret

      Spotify has Reportedly Filed for its IPO in Secret

      Spotify in December confidentially filed with the Securities and Exchange Commission for its initial public offering, Axios reported.

      • Companies can file quietly to gauge interest from investors before deciding to publicize their IPO plans.
      • Earlier this week, Spotify was slapped with a $1.6 billion lawsuit for allegedly streaming thousands of songs without compensating the publisher.
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      Mentions: Investors SEC IPO
    15. Dominion Energy is Buying Scana Corp in a $14.6 Billion Deal

      Dominion Energy is Buying Scana Corp in a $14.6 Billion Deal

      Reuters/Gary Cameron

      • Dominion Energy will buy Scana Corp for $14.6 billion, including debt, in an all-stock deal.
      • Scana shareholders will receive 0.6690 Dominion shares for each share held.
      • The deal represents a 42.4% premium to Scana's closing price on Tuesday.

      (Reuters) - Dominion Energy Inc said on Wednesday it would buy troubled utility Scana Corp in an all-stock deal worth about $14.6 billion, including debt.

      Read Full Article
      Mentions: Chairman
    16. Warren Buffett Has Won his $1 Million Bet Against the Hedge Fund Industry

      Warren Buffett Has Won his $1 Million Bet Against the Hedge Fund Industry
      • In 2007, Warren Buffett entered a million-dollar bet with fund manager Protégé Partners that the S&P 500 would beat a basket of hedge funds over the next decade.
      • His S&P 500 index fund compounded a 7.1% annual gain over 10 years, beating an average increase of 2.2% by the basket of funds selected by Protégé Partners.
      • The prize money will go to Girls Inc. of Omaha.
      • Buffett took issue with hedge funds' high fees and their promise of outperforming the market...
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    17. Bill Ackman Just \Took a $200 Million Hit to His Reputation

      Bill Ackman Just \Took a $200 Million Hit to His Reputation
      • Billionaire investor Bill Ackman and his firm Pershing Square, along with Valeant Pharmaceuticals, will pay just under $300 million to settle an insider-trading suit over their attempt to buy pharmaceutical firm Allergan in 2014.
      • Ackman will pay the lion's share, contrary to a previous agreement he struck with Valeant.
      • This is yet another in a series of missteps that have been tarnishing Ackman's reputation since he partnered with Valeant...
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    18. Netflix Grants CEO Reed Hastings $28.7 Million in Company Stock Options for 2018

      Netflix Grants CEO Reed Hastings $28.7 Million in Company Stock Options for 2018

       

      • Netflix will give its CEO Reed Hastings $28.7 million in company stock options for 2018.
      • Hastings received $21 million in stock options from Netflix in 2017.
      • His base annual salary will drop from $850,000 to $700,000.
      • Hastings' net worth is estimated at $2.2 billion.

      Reed Hastings, Netflix’s chairman and CEO, is set to receive $28.7 million in company stock options for 2018 in addition to an annual salary of $700,000...

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      Mentions: Investors CEO SEC
    19. SoftBank Will Buy at Least 15% of Uber Shares at a Huge Discount from the Original $69 Billion Valuation

      SoftBank Will Buy at Least 15% of Uber Shares at a Huge Discount from the Original $69 Billion Valuation
      • Employees and shareholders have agreed to sell at least 15% of Uber to SoftBank.
      • SoftBank will buy the shares at a 30% discount.
      • SoftBank may also invest $1 billion in Uber at the company's original $69 billion valuation.

      SoftBank is buying as much of 15% of Uber shares at a whopping 30% discount, as first reported by the Wall Street Journal...

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      Mentions: CEO Uber crisis
    20. Apple's Board Says that Tim Cook has to Fly Private from now on 'in the Interests of Security and Efficiency'

      Apple's Board Says that Tim Cook has to Fly Private from now on 'in the Interests of Security and Efficiency'

      Apple CEO Tim Cook is now required by Apple's board of directors to fly on private aircraft, even for personal travel.

      • Apple says it's for security and safety reasons.
      • Tim Cook racked up $93,109 in personal travel costs for Apple in 2017, which counts as part of his compensation package.
      • Cook made $12,825,066 in total compensation at Apple in 2017.
      Read Full Article
    21. Barclays Will Take a $1.3 Billion Writedown Because of US Tax Reform

      Barclays Will Take a $1.3 Billion Writedown Because of US Tax Reform
      • Barclays will take a $1.3 billion writedown because of US tax reform.
      • The bank says the tax overhaul will cause its tier 1 capital to fall by about 20 basis points.

      (Reuters) - Barclays expects to take a writedown of about 1 billion pounds ($1.34 billion) on its annual post-tax profit as a result of the U.S. tax overhaul, the bank said in a statement on Wednesday...

      Read Full Article
      Mentions: Barclays Tax Reform
    1-24 of 1007 1 2 3 4 ... 40 41 42 »
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