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    1. CBS Boss Moonves Reportedly Tried to Silence Sex Assault Allegations With TV Roles — and his $120 Million Severance is in Jeopardy

      CBS Boss Moonves Reportedly Tried to Silence Sex Assault Allegations With TV Roles — and his $120 Million Severance is in Jeopardy
      • A damning New York Times report says that Les Moonves tried to silence a woman who accused him of sexual assault with a TV role at a CBS show so she would keep quiet.
      • Moonves, who was then working for Warner Bros., allegedly forced Bobbie Phillips to perform oral sex on him in 1995.
      • Moonves acknowledged that encounter but told The Times and CBS investigators that the oral sex was consensual...
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    2. Breaking News: Unilever CEO Paul Polman is Retiring

      Breaking News:  Unilever CEO Paul Polman is Retiring
      • Unilever Chief Executive Paul Polman is retiring after 10 years at the top of the company.
      • His annoucement comes less than two months after investors revolted against a plan to move the company's consumer goods group's headquarters to the Netherlands.
      • Polman will be succeeded by Alan jope, the head of the company's beauty business...
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    3. Microsoft's Surprising Comeback Over Apple is the Outcome of Two New CEOs With Radically Different Gameplans

      Microsoft's Surprising Comeback Over Apple is the Outcome of Two New CEOs With Radically Different Gameplans
      • Microsoft briefly overtook Apple this week as the world's most valuable company.
      • The development speaks volumes about investors' faith in the respective companies' futures and the leaders driving each company there.
      • While Tim Cook has demonstrated that he's a great manager for Apple, he's repeatedly shown he's "not a product person," and he's left shareholders wondering about the company's next act....
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    4. Airbnb Poaches Amazon Exec as its New CFO as the $31 Billion Startup Preps for IPO

      Airbnb Poaches Amazon Exec as its New CFO as the $31 Billion Startup Preps for IPO
      • Airbnb, which is poised to go public in the second half of 2019, has a new chief financial officer.
      • Dave Stephenson joined Airbnb after 17 years at Amazon.
      • He replaces Laurence Tosi, who left the CFO role in February after reportedly disagreeing with CEO Brian Chesky over the future of the company.

      Airbnb has a new chief financial officer, the company announced Monday...

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    5. Alphabet Chairman Admits that Google will have to Break Its Core Values if it Wants to Launch a Search Engine in China

      Alphabet Chairman Admits that Google will have to Break Its Core Values if it Wants to Launch a Search Engine in China
      • The chairman of Google's parent company, Alphabet, has said that anybody who does business in China "compromises some of their core values."
      • Google is working on plans to return to the Chinese market with a censored search engine after an eight-year hiatus.
      • John Hennessy said Google needs to balance ethical compromises with the possibility that a better search engine could improve quality of life for Chinese citizens...
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    6. Carlos Ghosn Set to Remain as Renault CEO as Probe into Alleged Wrongdoing Expands

      Carlos Ghosn Set to Remain as Renault CEO as Probe into Alleged Wrongdoing Expands
      • Carlos Ghosn, arrested Monday, is set to remain head of French car giant Renault.
      • Thierry Bolloré is set to take interim charge at the car maker as deputy CEO.
      • The probe into Ghosn's alleged wrongdoing has extended to bonus abuses.
      • Japanese prosecutors are considering widening their investigation into Nissan's alleged wrongdoing.

      Carlos Ghosn, the recently arrested head of major car brands Nissan, Mitsubishi Motors, and Renault looks set to stay on as CEO and Chairman of the French giant...

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    7. This London Fund Made a $113 Million Short Bet on Renault Before it Tanked 14%

      This London Fund Made a $113 Million Short Bet on Renault Before it Tanked 14%
      • Merian Investors placed a bet on Renault's shares falling on October 30, according to regulatory filings.
      • Renault's shares dropped as much as 14% Monday after its CEO was arrested over financial misconduct allegations.

      London-based Merian Investors, formerly Old Mutual Global Investors, made a sizeable bearish bet on Renault before the stock tumbled...

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    8. Facebook's Mark Zuckerberg Isn't Accountable to Anyone, so it's Time Congress Took Away the Source of his Power

      Facebook's Mark Zuckerberg Isn't Accountable to Anyone, so it's Time Congress Took Away the Source of his Power
      • Facebook's string of scandals over the last several years have highlighted the poor job Mark Zuckerberg has done running the company — and his lack of accountability.
      • The social networking giant's stock structure gives Zuckerberg near-absolute control over it, because the shares he holds get far more votes than those held by ordinary investors...
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      Mentions: Investors SEC Google
    9. MoviePass' Owner Lost $130 Million Last Quarter, as it Saw a 'Significant Decline' in Subscribers and 2 More Board Resignations

      MoviePass' Owner Lost $130 Million Last Quarter, as it Saw a 'Significant Decline' in Subscribers and 2 More Board Resignations
      • MoviePass' owner, Helios & Matheson Analytics (HMNY), reported a loss of $130 million for the three months ending September 30, according to its third-quarter filing with the Securities and Exchange Commission.
      • It also noted that MoviePass has suffered a "significant decline" in subscriptions due to unpopular changes.
      • Two board members resigned in October the day after HMNY announced that it was planning to branch off MoviePass into its own publicly traded company...
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    10. Mark Zuckerberg's Spectacular Failure of Leadership Shows Why Some Facebook Investors are Desperate to Fire Him

      Mark Zuckerberg's Spectacular Failure of Leadership Shows Why Some Facebook Investors are Desperate to Fire Him
      • The New York Times exposé on Facebook's crisis management exposes a spectacular failure in leadership from CEO Mark Zuckerberg.
      • The report suggests he was at best uninterested in some of the scandals that engulfed his company, and at worst, complicit in exacerbating them.
      • It's red meat to powerful investors who want to oust Zuckerberg as chairman...
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    11. MoviePass' Parent Company Has Canceled a Long-Delayed Shareholders Vote, as it Tries Desperately to Stay on the Nasdaq

      MoviePass' Parent Company Has Canceled a Long-Delayed Shareholders Vote, as it Tries Desperately to Stay on the Nasdaq
      • 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...
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    12. A Healthcare Company That Fought an 18-Month Battle with an Activist Investor Just Struck a $5.7 Billion Deal to End The Fight

      A Healthcare Company That Fought an 18-Month Battle with an Activist Investor Just Struck a $5.7 Billion Deal to End The Fight

      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...

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      Mentions: Athenahealth
    13. A Former Tesla Employee Was Charged With Embezzling $9.3 Million From the Company

      A Former Tesla Employee Was Charged With Embezzling $9.3 Million From the Company
      • 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...
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    14. Thoma Bravo, Apttus's New Owner, Turns to Damage Control with Partners like Salesforce and Faces Questions Over an Exec’s $26 Million 'Parachute Package'

      Thoma Bravo, Apttus's New Owner, Turns to Damage Control with Partners like Salesforce and Faces Questions Over an Exec’s $26 Million 'Parachute Package'
      • 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...
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    15. At $49 Billion Company Essilor, Employees are the Largest Shareholders — and The CEO Says That's the Best Way To Do It

      At $49 Billion Company Essilor, Employees are the Largest Shareholders — and The CEO Says That's the Best Way To Do It
      • 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...
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      Mentions: ESOP
    16. Uber's Board Reportedly Held a 'Marathon Meeting' as it Grapples With its Ties to Saudi Arabia

      Uber's Board Reportedly Held a 'Marathon Meeting' as it Grapples With its Ties to Saudi Arabia
      • 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...
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    17. How the CEO Behind Applebee's and IHOP Pulled off a Shocking Turnaround in Just a Year

      How the CEO Behind Applebee's and IHOP Pulled off a Shocking Turnaround in Just a 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...
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      Mentions: Technology risk plane
    18. Citigroup Just Made a Big Decision About its Board of Directors That is Rare Across Wall Street

      Citigroup Just Made a Big Decision About its Board of Directors That is Rare Across Wall Street
      • 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...
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    19. It's Become Increasingly Clear That Alphabet, Google's Parent Company, Needs New Leadership (GOOGL, Goog)

      It's Become Increasingly Clear That Alphabet, Google's Parent Company, Needs New Leadership (GOOGL, Goog)
      • 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...
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    20. A $774 Billion Investment Giant is Ramping Up Calls for a Tesla Board Shakeup — One That Goes far Beyond What the SEC Wants

      A $774 Billion Investment Giant is Ramping Up Calls for a Tesla Board Shakeup — One That Goes far Beyond What the SEC Wants
      • 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...
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    21. BlackRock CEO Larry Fink Says Within The next 5 Years all Investors will Measure a Company's Impact on Society, Government, and the Environment to Determine its Worth

      BlackRock CEO Larry Fink Says Within The next 5 Years all Investors will Measure a Company's Impact on Society, Government, and the Environment to Determine its Worth
      • 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...
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    22. Here's Who Will Get Richer When IBM Buys Red Hat for $34 Billion

      Here's Who Will Get Richer When IBM Buys Red Hat for $34 Billion
      • 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...
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      Mentions: SEC IBM Vanguard
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