Top lawyer, HR chief informed some Microsoft directors they told billionaire co-founder that his emails with female employee were inappropriate...
The fast-growing e-commerce business of luxury retailer Saks Fifth Avenue is aiming to go public soon at a valuation roughly triple what it was pegged at earlier this year, in a sign of the boom times for online department-store sales...
Archer Aviation Inc. is years from producing its only planned product, a four-passenger electric air taxi that the main U.S. regulator hasn’t yet certified. It hasn’t generated any revenue. Still, the co-founders of this three-year-old company got a huge payday last month, a $99 million special stock award that stands to quadruple if Archer hits other milestones—thanks to a compensation package they negotiated before it listed publicly on Sept. 17...
Female managers are often told they just need to demand more pay; research shows they are undermined by being given smaller roles...
An activist shareholder has taken a stake in Macy’s Inc. and is urging the famed retailer to spin off its fast-growing e-commerce business, according to people familiar with the matter. Jana Partners LLC on Wednesday sent a letter to the company’s board prodding it to separate the online unit, which has about $8 billion in annual revenue, the people said...
Moves come as insurance broker seeks to rebound from collapse of its planned merger with Aon PLC...
The Securities and Exchange Commission proposed a rule that would require money managers to disclose more information on how they use their voting power. When investors buy a mutual fund and exchange-traded fund from an asset manager, the money manager votes on shareholder proposals on behalf of the investors. Shareholder votes extend from issues from executive compensation to a company’s efforts to address climate change...
Bulk of criminal charges against founder Elizabeth Holmes allege she defrauded financial backers that include high-profile figures...
Activist hedge fund Starboard Value LP has a more-than-8% stake in Huntsman Corp. and plans to agitate for change at the chemicals producer, according to people familiar with the matter...
Federal securities regulators have launched a wide-ranging investigation into Activision Blizzard Inc., including how the videogame-publishing giant handled employees’ allegations of sexual misconduct and workplace discrimination, according to people familiar with the investigation and documents viewed by The Wall Street Journal...
The Covid-19 pandemic has supercharged the role of chief information officers, accelerating a shift from backroom technicians to front-office decisionmakers, as companies’ operations are increasingly shaped by technology...
Invesco Ltd. is in talks to merge with State Street Corp.’s asset-management business, people familiar with the matter said...
Aside from Jeff Bezos, Mark Zuckerberg and members of Walmart Inc.’s Walton family, no individual has earned more from selling stock in their company over the past year than a used-car magnate from Arizona...
The U.S. Securities and Exchange Commission awarded about $114 million in total to two whistleblowers, including one who provided independent analysis to the regulator that helped substantially advance investigations, the SEC said. With the latest awards, the SEC whistleblower program has paid out more than $1 billion to 207 whistleblowers since issuing its first award in 2012, the agency said. That marks a milestone for the SEC whistleblower program created by the 2010 Dodd-Frank Act...
Median pay for board members held steady at $310,000 at the biggest 100 companies...
Dambisa Moyo wrote the book “How Boards Work” to explain what corporate board members do. She turns to her own personal board of directors for advice on how to do it better. The Zambian-born economist currently serves as a director for three companies: manufacturer 3M Co., energy giant Chevron Corp. and publisher Condé Nast. That assignment, she said, is different than it was just a decade ago. Board members not only have to handle activist fights, acquisitions and questions of succession...
When in doubt, go after corporate fat cats. Sensitive to criticism that existing revenue and cost measures won’t fully pay for their proposed $3.5 trillion spending plan , Congressional Democrats have their eyes on lavish executive compensation as a source of revenue. One proposal is an excise tax on companies that buy back a “significant” amount of their own stock. Another would target companies that pay bosses a high multiple of average employee compensation...
Activist hedge fund Elliott Management Corp. has a more than $1 billion stake in Citrix Systems Inc. and wants the software company to take action to boost its lagging stock price, according to people familiar with the matter...
MOSCOW—Health-food provider JSC VkusVill and stock exchange PJSC SPB Exchange are preparing for initial public offerings in the U.S. this year or early next, according to people familiar with the companies, the latest in a string of Russian corporations joining the global IPO rush...
Europe’s largest banks have pledged to phase out financing carbon dioxide emissions by 2050. But an activist group supported by big shareholders says the lenders aren’t doing enough to meet their goals...
WASHINGTON— Kraft Heinz Co. KHC -0.67% will pay $62 million to resolve a regulatory investigation that accused the food giant of manipulating expenses during a period when it embarked on an aggressive cost-cutting campaign...
Chevron Corp. is preparing to defend itself against a potential challenge from activist investors like the one that roiled Exxon Mobil Corp. earlier this year, according to people familiar with the matter...
U.S. prosecutors and the onetime Silicon Valley star’s lawyers are scrutinizing a pool of nearly 200 to find 17 jurors...
