1. Articles from reuters.com

  2. 145-168 of 249 « 1 2 ... 4 5 6 7 8 9 10 11 »
    1. Boardroom Excess? British Companies Stick with Bonus Plans Despite Criticism

      Boardroom Excess? British Companies Stick with Bonus Plans Despite Criticism

      Company News 16am EDT Boardroom excess? British companies stick with bonus plans despite criticism * Pressure grows to ditch long-term incentive plans * Most firms have renewed plans for three years * Some investors cautious on blanket ban By Simon Jessop LONDON, April 13 Pressure on British companies to ditch a common performance-related bonus scheme blamed for generating excessive executive pay has not stopped many firms from planning to stick with such schemes for another three years, a Reuters analysis shows. In theory so-called long-term incentive plans (LTIPs) aim to legitimately encourage management success in boosting shareholder returns. Yet a series of corporate ...

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    2. Bombardier Family Mulls New Blood on Board

      Bombardier Family Mulls New Blood on Board

      Bombardier Inc's controlling family has discussed governance and board succession in the wake of an executive pay uproar, with some family members wanting new blood for its representatives on the board, the grandson of the company founder told Reuters in an interview. The plane and train maker set off protests, most recently near Bombardier's Montreal headquarters on Sunday ...

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      Mentions: Succession
    3. Furniture Retailer Rent-A-Center Adopts Poison Pill

      Furniture Retailer Rent-A-Center Adopts Poison Pill

      Furniture retailer Rent-A-Center adopts poison pill Rent-A-Center Inc ( RCII.O ) said on Tuesday it adopted a stockholder rights plan, or a so-called "poison pill", a month after activist investor Engaged Capital LLC stepped up efforts to push the furniture retailer to sell itself. Engaged Capital, which owns a 12.9 percent stake in Rent-A-Center, last month nominated five candidates for election to the retailer's board of directors...

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    4. Buffalo Wild Wings Adds Activist Investor Marcato's Nominee to Slate

      Buffalo Wild Wings Adds Activist Investor Marcato's Nominee to Slate

      Buffalo Wild Wings Inc on Monday nominated Sam Rovit, who is part of activist shareholder Marcato Capital Management LP's four-member slate, to stand for election to its board. Marcato, which is led by activist hedge fund manager Mick McGuire, officially launched a proxy fight against the company in February. Rovit is chief executive officer of CTI Foods...

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    5. Activist Investor Sarissa Targets Three Innoviva Board Seats

      Activist Investor Sarissa Targets Three Innoviva Board Seats

      Activist investor Sarissa Capital Management LP said on Monday it intends to nominate only three candidates for election to the board of drug company Innoviva Inc ( INVA.O ). Innoviva said last week that Sarissa Capital had nominated four directors to replace a majority of the drug company's board. Sarissa Capital is a hedge fund run by Alex Denner, billionaire investor Carl Icahn's former healthcare lieutenant. The fund has a stake of 2.72 percent in Innoviva, according to Reuters data...

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    6. CSX Extends Director Deadline as Activist Seeks CEO Ouster

      CSX Extends Director Deadline as Activist Seeks CEO Ouster

      CSX Corp has extended the director nomination deadline for its board of directors, giving the U.S. railroad company more time to reach an agreement with an activist investor and industry veteran Hunter Harrison. CSX said the deadline would be extended to Feb. 24 from Friday, in a sign that the two sides remain in talks but have more details to hammer out...

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    7. Autodesk CEO, Two Investor-Nominated Directors to Step Down

      Autodesk CEO, Two Investor-Nominated Directors to Step Down

      Software maker Autodesk Inc said Chief Executive Carl Bass would step down and two board members nominated by activist investor Sachem Head Capital would resign. Autodesk in March reached a settlement with two activist investors - Eminence Capital LP and Sachem Head Capital - and appointed three directors to its board to avoid a proxy fight...

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    8. Buffalo Wild Wings Issues Statement in Response to Marcato

      Buffalo Wild Wings Issues Statement in Response to Marcato

      Company News 09pm EST BRIEF-Buffalo Wild Wings issues statement in response to Marcato Feb 6 Buffalo Wild Wings Inc : * Buffalo Wild Wings Inc issues statement in response to Marcato * Buffalo Wild Wings - "has engaged numerous times, in person and telephonically, with Marcato since learning of its investment in Buffalo Wild Wings" * Buffalo Wild Wings-governance committee of board will review Marcato's nomination notice in accordance with company's corporate governance guidelines...

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    9. Elliott Nominates 5 Directors in Proxy Fight Aimed at Arconic

      Elliott Nominates 5 Directors in Proxy Fight Aimed at Arconic

      Arconic Inc. is facing a proxy fight from its largest shareholder after Elliott Management on Tuesday nominated five directors to serve on the company's board. Elliott, the hedge fund and activist investor, said that Arconic needed to pursue a change of leadership, taking aim at the company's CEO, Klaus Kleinfeld, who engineered Arconic's spin off from Alcoa Corp. last year...

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    10. Despite Dimon's Criticism, JPMorgan Funds Closely Track ISS on Executive Pay

      Despite Dimon's Criticism, JPMorgan Funds Closely Track ISS on Executive Pay

      JPMorgan Chase & Co Chief Executive Jamie Dimon has been no fan of Institutional Shareholder Services and once called investors "lazy" if they cast votes in corporate elections based on recommendations from the leading proxy adviser or its rival. But JPMorgan itself turns out to be a close follower of ISS, at least when it ...

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    11. U.S. Banks Gear up to Fight Dodd-Frank Act's Volcker Rule

      U.S. Banks Gear up to Fight Dodd-Frank Act's Volcker Rule

      Big U.S. banks are set on getting Congress this year to loosen or eliminate the Volcker rule against using depositors' funds for speculative bets on the bank's own account, a test case of whether Wall Street can flex its muscle in Washington again. In interviews over the past several weeks, half a dozen industry lobbyists said they began meeting with legislative staff after the U.S. election in November to discuss matters including a rollback of Volcker, part of the Dodd-Frank financial reform that Congress enacted after the financial crisis and bank bailouts. Lobbyists said they plan to ...

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      Mentions: Dodd-Frank
    12. Viacom Chair Emeritus Sumner Redstone to Step Down from Board

      Viacom Chair Emeritus Sumner Redstone to Step Down from Board

      Technology 57am EST Viacom Chair Emeritus Sumner Redstone to step down from board Sumner Redstone, executive chairman of CBS Corp. and Viacom, arrives at the premiere of 'The Guilt Trip' in Los Angeles December 11, 2012. REUTERS/Fred Prouser/File Photo Viacom ( VIAB.O ) Chairman Sumner Redstone will step down from the board of directors after the company's annual meeting in February, according to a company filing Friday...

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    145-168 of 249 « 1 2 ... 4 5 6 7 8 9 10 11 »
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