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    1. JPMorgan Shareholders Approve Executive Pay, With Protest

      JPMorgan Shareholders Approve Executive Pay, With Protest

      (Reuters) - JPMorgan Chase & Co said on Tuesday that only 71.64 percent of shareholder votes cast approved its executive compensation packages, marking a rare instance of criticism over the bank's top leaders pay. JPMorgan Chase also said all of its directors were elected, and that a shareholder proposal that the bank report annually on its global gender pay gap was voted down, according to preliminary tallies...

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    2. Carl Icahn Takes Small Stake in Occidental Petroleum, Amid Bidding War for Anadarko

      Carl Icahn Takes Small Stake in Occidental Petroleum, Amid Bidding War for Anadarko

      Activist investor Carl Icahn has taken a small stake in Occidental Petroleum, people close to the matter told CNBC on Friday. The company is in the middle of a rare bidding war for Anadarko Petroleum, having bid $38 billion for its smaller rival. Chevron had previously bid $33 billion for Anadarko. Shares of Occidental jumped 2% in extended trading Friday, immediately following the news...

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    3. Barclays Bats off Bramson as Activist Investor Concedes Defeat

      Barclays Bats off Bramson as Activist Investor Concedes Defeat

      Barclays has scored a victory against activist investor Edward Bramson, who has conceded defeat in his attempt to gain a seat on the British bank’s board. Mr Bramson – whose investment vehicle Sherborne Investors owns a 5.5% stake in Barclays – had been trying to muscle his way on to the top table, while also calling on the lender to curtail its investment arm and increase returns for investors...

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    4. Activist Investor Jeff Smith: There is a 'Huge' Value Opportunity in Cerner

      Activist Investor Jeff Smith: There is a 'Huge' Value Opportunity in Cerner

      Shares of Cerner are up 20% this year but the medical records company can still rise much further as it is still cheap, activist investor Jeff Smith said Tuesday. Smith, the CEO of Starboard Value, told CNBC's David Faber the company can expand its operating margins by about 3.5% if it meets certain targets the activist investor helped Cerner implement. "The market is not giving them credit for those targets. We believe those targets are achievable," Smith said...

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    5. Sony Shares Jump as Pressure From Activist Investor Dan Loeb Raises Prospect of Break-Up

      Sony Shares Jump as Pressure From Activist Investor Dan Loeb Raises Prospect of Break-Up

      One of Wall Street’s most powerful activist investors has trained his sights on Sony for the second time in six years, sending shares in the Japanese conglomerate up on the prospect of a break-up. Dan Loeb, the head of Third Point Capital, is planning to raise up to $1bn (£770m) to raise its stake in Sony and agitate for change, according to reports...

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    6. Activist Group Withdraws Resolution Challenging Shell Climate Policy

      Activist Group Withdraws Resolution Challenging Shell Climate Policy

      LONDON (Reuters) - An activist group said it has withdrawn a shareholder resolution calling on Royal Dutch Shell to change its climate policy after the oil and gas company reached a broad agreement with investors on the issue. The Anglo-Dutch energy company drew rare praise from investors and environmental activists in December when it set out plans to introduce industry-leading targets to reduce greenhouse gas emissions and link them to executive pay...

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    7. Elliott Hikes Stake in German 3D Printer SLM Solutions to 29 Percent

      Elliott Hikes Stake in German 3D Printer SLM Solutions to 29 Percent

      FRANKFURT (Reuters) - Activist investor Elliott has hiked its stake in German 3D printing firm SLM Solutions to 29.8 percent and is bringing in new supervisory board members following a series of profit warnings and a slump in the company's share price. SLM said in a statement on Thursday that Elliott would acquire all new shares from a capital increase, priced at 7.23 euros (£6.2) a share. SLM said it would reap 13 million euros in proceeds from the deal...

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    8. RBS Faces Shareholder Rebellion Over Chief Executive's Pension

      RBS Faces Shareholder Rebellion Over Chief Executive's Pension

      A shareholder rebellion is brewing before Royal Bank of Scotland’s annual general meeting as investor groups raise red flags over a pay policy that involves the chief executive receiving £350,000 per year in pension payments. The Investment Association (IA) and individual shareholder society ShareSoc have released reports raising concern over pension payments for the bank’s CEO, Ross McEwan, which are out of line with the rest of its workforce...

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    9. Barclays International CEO Tim Throsby to Leave as Part of Executive Overhaul

      Barclays International CEO Tim Throsby to Leave as Part of Executive Overhaul

      By Lawrence White LONDON (Reuters) - Barclays chief executive Jes Staley took direct control of its under-pressure investment bank on Wednesday, ousting the head of the business Tim Throsby in a surprise shake-up as he battles an activist investor. Staley is assuming oversight of the three Corporate and Investment Bank (CIB) divisions, banking, markets and corporate bank, in a move he said would help improve overall returns to more than the 7 percent achieved in 2018...

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    10. Domino’s Top Trio to Topple Amid Franchisee Unrest

      Domino’s Top Trio to Topple Amid Franchisee Unrest

      The three most senior board members at Domino’s Pizza Group are all preparing to step down amid a deepening row with franchisees which has helped wipe hundreds of millions of pounds off the company’s share price. Sky News can reveal that Domino's has begun a formal search to replace Helen Keays, who has served on the board for nearly eight years, including the last three as senior independent director...

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    11. Vivendi Responds to Elliott Appeal to Telecom Italia Investors

      Vivendi Responds to Elliott Appeal to Telecom Italia Investors

      PARIS (Reuters) - French media conglomerate Vivendi responded on Monday to an appeal by Elliott to Telecom Italia (TIM) shareholders, saying the activist investor was not working for the benefit of all shareholders, but only for itself. Vivendi said in a statement that it saw itself as a long-term investor in TIM, and had no other intention other to put in place a neutral board...

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    12. Hyundai Mobis to Spend $2.3 Billion on Shareholder Returns, Name Heir Apparent as New CEO

      Hyundai Mobis to Spend $2.3 Billion on Shareholder Returns, Name Heir Apparent as New CEO

      (Reuters) - Hyundai Mobis Co Ltd, under pressure from activist investor Elliott Management Corp to address its excess capital and governance structure, announced a smaller-than-sought 2.6 trillion won (£1.76 billion) shareholder return package. The de facto holding company of South Korea's top automaker Hyundai Motor rejected a 2.5 trillion won dividend demanded by Elliott and also new board members it recommended, a source familiar with the matter said...

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    13. Oil firm PDC Energy Gets Activist Challenge from Investor Kimmeridge

      Oil firm PDC Energy Gets Activist Challenge from Investor Kimmeridge

      (Reuters) - Kimmeridge Energy Management Company on Friday announced a stake in PDC Energy Inc and called on the Denver-based oil and gas producer to cut costs and return more cash to shareholders. In response, PDC Energy said it continued to focus on capital discipline and executing its operational and financial goals, and would update shareholders on its plans when it releases its 2018 earnings on Feb. 28...

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    14. Carl Icahn Says the Best Way Forward For Caesars Entertainment May Be a Sale

      Carl Icahn Says the Best Way Forward For Caesars Entertainment May Be a Sale

      Activist investor Carl Icahn has a 9.8 percent stake in Caesars Entertainment and believes the casino operator should explore a sale, according to a Securities and Exchange Commission filing released Tuesday. The filing, which confirms previous reports that Icahn has taken a stake in the company, said: "Shareholder value might be best served, and enhanced, by selling the company." Caesars shares jumped to their highs of the day after the filing. They were up 4.1 percent as of 1:04 p.m. ET...

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    15. Activist Fund Elliott Keeps up Pressure on Drinks Group Pernod

      Activist Fund Elliott Keeps up Pressure on Drinks Group Pernod

      (Reuters) - Activist investor Elliott kept up the pressure on French spirits group Pernod Ricard, welcoming this week's first-half results but calling for boardroom changes and better margins. Elliott, which has built a stake of just over 2.5 percent in Pernod Ricard, has called on the family-backed group to raise profit margins to bring them more into line with British rival Diageo...

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    16. CEOs are Opening Their Boardrooms to Hedge Fund 'White Squires' to Keep Other Activists Out

      CEOs are Opening Their Boardrooms to Hedge Fund 'White Squires' to Keep Other Activists Out

      When it comes to defending a company against an agitated investor, the devil you know may be better than the devil you don't. That's the recent mindset among corporations and investors alike when it comes to fending off potential intruders — and it's increasingly blurring the lines of how management views the role of activist investors. Case-in-point is Papa John's International...

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    17. Activist Investor Bramson Makes Bid for Barclays Board Seat

      Activist Investor Bramson Makes Bid for Barclays Board Seat

      LONDON (Reuters) - Activist investor Edward Bramson has submitted an application to join the board at Barclays, the British bank in which his fund vehicle Sherborne Investors holds a 5.1 percent stake. Sherborne invested in the lender in March 2018 with a view to making changes in its strategy and improving shareholder returns. Investors will vote at the bank's annual general meeting on May 2 on the proposal...

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    18. Elliott Says TIM Board Must Go Ahead with No Delay on Network Separation

      Elliott Says TIM Board Must Go Ahead with No Delay on Network Separation

      MILAN (Reuters) - Activist investor Elliott urged Telecom Italia's board to spin-off its fixed-line network, after Italy's telecoms regulator gave an initial thumbs-down to a Vivendi plan to create a wholly-owned subsidiary instead. AGCOM said on Sunday that the proposal drawn up by former Chief Executive Amos Genish, appointed when French media group Vivendi controlled Telecom Italia's (TIM) board, would not reduce the power TIM has got over the market...

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    19. Pernod Ricard says it is Seeking to Improve Governance

      Pernod Ricard says it is Seeking to Improve Governance

      PARIS (Reuters) - French family-backed spirits group Pernod Ricard , which is being targeted by activist investor Elliott, said it is striving to improve its governance and will communicate on future changes once they have been approved by its board. "We have not needed any external input as regards our continuous drive to seek to improve our governance," said a company spokesman to Reuters...

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