Activist investor Carl Icahn Opens a New Window. ripped his longtime nemesis Occidental Petroleum Opens a New Window. on Tuesday, criticizing the Houston-based company’s board of directors while offering praise for officials who facilitated Eldorado Resorts’ $17.3 billion deal to acquire the Caesars casino empire...
Axon Enterprises awarded its CEO one of the biggest compensation packages for a corporate executive worth $246 million...
Nissan proposed Friday adding Renault's chief executive, Thierry Bollore, to its board, as well as several outsiders, to strengthen its governance following the arrest of its former chairman, Carlos Ghosn...
The majority of the individuals who sit on the board were appointed in 2016 or later, and several assumed their positions in 2018. The group provides ...
A trio of activist investors thinks Bed Bath & Beyond Inc.'s business model has gotten sleepy and plans to give the big-box retailer a wake-up call...
The head of the Securities and Exchange CommissionOpens a New Window. has a simple takeaway from the agency’s ongoing feud with Tesla-founderOpens a New Window. Elon MuskOpens a New Window. over his use of Twitter: Sometimes 280 characters is not enough...
But even corporate titans like Buffett attempt to avoid overt political ... now sparked a debate inside C-suites and among corporate governance experts...
The Walt Disney Company has reworked CEO Bob Iger’s bonus compensation package, making it more difficult for the executive to earn his full stock-based award when his contract expires in 2021, according to...
Last February, the Fed imposed a growth cap on Wells Fargo until the bank demonstrably improved its corporate governance and replaced four ...
The Securities and Exchange Commission (SEC) filed a lawsuit on Thursday against Tesla CEO Elon Musk alleging securities fraud, according to court records...
The photocopier company has named John Visentin as CEO and also elected him to the position of vice chairman of the board. Visentin has spent decades in the technology sector as an executive at IBM and Hewlett-Packard...
In 2017 activist investors targeted companies with multibillion-dollar market capitalizations, but compared to 2016 activity cooled...
Elaine Wynn, in a filing on Tuesday, said she may engage in discussions with the company's shareholders, management and board regarding the “strategy, business, management, capital structure and allocation, corporate governance , and board composition” of Wynn Resorts. Wynn resigned as ...
It's now commonplace, it's more like the rule than the exception these days, which is a bad thing in terms of corporate governance , but what can you do. Snap was really unique in the sense that they gave public investors zero votes, which is just adding insult to injury. Whereas most companies, it's very ...
U.S. Consumers Could Suffer From Dodd-Frank, CFPB Changes Published April 19, 2017 Massive changes to the Consumer Financial Protection Bureau - or the financial reform law that established it - could hurt U.S. mortgage borrowers who use the agency to fight erroneous charges and foreclosures, according to Trulia, an online real estate marketplace.
High-end handbag and apparel maker Kate Spade & Co. is exploring a sale of the company, according to people familiar with the matter, after coming under pressure from an activist shareholder. The New York company is working with an investment bank and has contacted possible buyers, including other retailers, one of the people said. The process is at an early stage. As of Wednesday morning, Kate Spade had a market value of $1.9 billion. Its value has dropped amid a difficult retail environment...
Some major shareholders in HSBC want the bank to give greater reassurance on succession-planning for its chairman and chief executive, concerned that a timetable for replacing veterans Douglas Flint and Stuart Gulliver may be slipping ...
“If you’re sitting around a corporate board room these days, you know the top-lined growth rate is a struggle for most companies. So, inevitably, on the strategic list has to be: Could we do better if we combined with somebody else?” he said. As for whether the AT&T-Time Warner combination will receive ...
If you read the media reports, you’d think Wells Fargo’s outgoing CEO, John Stumpf, robbed the company blind and escaped with a whopping exit package: “ Disgraced Wells Fargo CEO John Stumpf set for $134M exit .” “ Wells Fargo CEO walks with $130 million .” “ Wells Fargo CEO Stumpf retires with $134M .” Continue Reading Below The Wall Street Journal actually pegs the figure at $120 million, but that’s neither here nor there...
U.S. Treasury's Lew Faults 'Bad Behavior' at Wells Fargo Published September 13, 2016 Print U.S. Treasury Secretary Jack Lew said on Tuesday federal regulators were correct to punish Wells Fargo & Co for setting up sham accounts without customers' knowledge, but stopped short of calling for a clawback of pay from the head of the unit where the wrongdoing took place...
When the activist fund Starboard launched an attack on Yahoo! ( YHOO ), it was just one of the many recent takeover targets. Continue Reading Below Noted activist investor Bill Ackman has launched attacks against Herbalife ( HLF ) and embattled drug company Valeant ( VRX ). Starboard previously launched attacks against Olive Garden's parent company ( DRI ). So what's the activist investor epidemic plaguing boardrooms?
Estate and trust planning is one of the oldest areas of the law, and the terminology that experts use to discuss trusts can be nearly incomprehensible to ordinary people.
Xerox Corp will split into two companies and give billionaire activist investor Carl Icahn three board seats on one of the companies, the Wall Street journal reported.
A dramatic drop in the final hour of trade put the Dow further away from its goal of ending the year on a positive note...