Theranos Inc.’s former No. 2 executive could face an unusual white-collar criminal punishment: the possibility of being sentenced to a longer prison term than his boss, who was at the center of the fraud at her company, some criminal defense attorneys said...
Salesforce Inc. (CRM 5.65% increase) said co-CEO Bret Taylor is leaving a year after he was elevated to run the business-software provider alongside Chairman Marc Benioff , ending the company’s second experiment in recent years with dual leadership. Mr. Taylor, 42, will vacate the position Jan. 31, Salesforce said Wednesday. Mr. Benioff will become sole chief executive again and continue to serve as company chairman...
In March 2022, the U.S. Securities and Exchange Commission proposed rules that would require public companies to make standardized disclosures on cybersecurity risk management, strategy, governance, and incident reporting...
“She is respected and well regarded by the board, so she has pull. She has the weight and the influence and the history with the board...
The Morgan Stanley executive and Walmart director overcame numerous hurdles during her career. Advisers offered guidance on good relationships and seeing the big picture...
Independent Franchise Partners, a London-based investment firm and one of the largest non-Murdoch holders of both News Corp and Fox, said it told a special committee of News Corp’s board last month that it thought a combination on its own would fail to realize the full value of the company. It believes any combination should be done in conjunction with the sale of some of News Corp’s most valuable business units...
The scale of concern among Tesla Inc. (TSLA -5.22%decrease) board members about how to keep Elon Musk‘s attention trained on the electric-vehicle maker loomed large during a weeklong trial over the chief executive’s pay package. A desire to motivate Mr. Musk to focus on Tesla triggered a months long pay negotiation that culminated in the shareholders’ approval of a 2018 CEO equity grant valued at roughly $48 billion at recent stock prices...
On a video call in early November, employees at Alameda Research dialed in to learn the fate of the trading firm, which was teetering on the brink. It was up to Caroline Ellison to deliver the bad news. Alameda was at the center of Sam Bankman-Fried‘s collapsing FTX empire. Ms. Ellison, who had just turned 28, was at the center of Alameda. And they were all in crisis...
The Securities and Exchange Commission ramped up its enforcement efforts in the last fiscal year, as the markets regulator focused its sights on prosecuting high-profile cases and imposing steep penalties for misconduct under the leadership of Chair Gary Gensler...
The former chief executive of Domino’s Pizza Inc. (DPZ -0.94% decrease) is joining Burger King parent Restaurant Brands (QSR -0.18% decrease) International Inc. as its executive chairman, and will take a stake in the company as it seeks to improve its operations...
London-based TCI, which said it owned Alphabet shares worth more than $6 billion, made the requests in a letter to Chief Executive Sundar Pichai on Tuesday, writing that it has been a significant shareholder since 2017...
Walmart Inc. has agreed to pay $3.1 billion to settle opioid-crisis lawsuits brought by several U.S. states and municipalities, adding to a landmark settlement with rival pharmacy chains...
A Tesla shareholder is asking Delaware’s business-law court to rescind Mr. Musk’s CEO pay package, which was approved in 2018 and is valued at around $52 billion at recent share prices. The plaintiff has alleged that Tesla’s board at the time failed to disclose key information about the deal and how it came together...
Keurig Dr Pepper Inc. (KDP 0.98% increase) said Ozan Dokmecioglu, who took the helm of the beverage maker at the end of July, has resigned as president, chief executive and a board member over violations of the company’s code of conduct...
The weekend arrest of Tyson Foods Inc. Chief Financial Officer John R. Tyson on public intoxication and criminal trespassing charges raises questions about how the controlling family will assess the 32-year-old’s ability to serve as finance chief of the publicly traded meat processor...
Companies are looking for new ways to get their directors up to speed—fast. In a rapidly changing political and business environment, board members have much more on their plates these days. They must figure out the impact of a host of novel challenges, everything from the Russia-Ukraine war to economic uncertainty to a heightened focus on environmental, social and governance issues...
Bed Bath and Beyond Inc.’s late finance chief Gustavo Arnal, who died by suicide in September, has been dropped from a shareholder lawsuit that had accused him of colluding with activist investor Ryan Cohen to artificially inflate the struggling home-goods retailer’s share price...
Before the Securities and Exchange Commission adopted a new rule last week on clawing back executive pay, the agency and federal prosecutors had begun ramping up efforts to recoup compensation from top executives whose companies run afoul of accounting rules or the law...
TuSimple (TSP 3.95%increase) Holdings Inc., a U.S.-based self-driving trucking company, faces federal investigations into whether it improperly financed and transferred technology to a Chinese startup, according to people with knowledge of the matter...
An investment firm founded by a former Carlyle Group Inc. (CG 5.13%increase); executive has acquired a minority stake in a South Korean tobacco conglomerate and is calling for a business overhaul and the spinoff of its ginseng business, according to a letter viewed by The Wall Street Journal...
An investment firm said in an open letter to Mark Zuckerberg on Monday that Meta (META -0.22%) Platforms Inc. should slash staff and pare back its metaverse ambitions, in a sign of rising discontent among shareholders...
A number of finance chiefs at some of the country’s biggest companies have left their jobs in recent weeks, an exodus that comes amid the pressures that high inflation and the Covid-19 pandemic have had on corporate balance sheets and the economic outlook...
Activist investor Starboard Value LP has a sizable stake in Splunk Inc. SPLK 0.69%▲ and plans to push the software maker to take action to boost its stock price, according to people familiar with the matter. Starboard’s stake is just under 5%, the people said. The hedge fund often targets software companies that could benefit from operational and margin improvements or be attractive takeover targets...
Days before the wildest business saga of the year would begin, a Delaware judge explained to a room full of lawyers how she viewed her job. Kathaleen McCormick, the chancellor of the state’s Court of Chancery, said that her goal was to be a “gracious judge” who listened to complex arguments and offered constructive feedback when these corporate litigators brought the country’s biggest deals to her courtroom...