Investment giant BlackRock Inc. will need to hit its staff-diversity targets and other sustainable-business goals to keep its corporate borrowing costs down...
Move over, Elon Musk and Tim Cook. There is a new name breaking into the list of the highest-paid chief executives: Chad Richison, the founder and CEO of payroll processor Paycom Software Inc...
Fred Ehrsam’s ties to Coinbase Global Inc. run deep: He co-founded the multibillion-dollar bitcoin exchange, was its president until 2017, owns millions of its shares and was part-owner of a company it bought last year...
Last quarter’s extreme stock-price moves resurfaced an age-old quandary for company executives: Can they exert any influence over their share price? Some company and investor-relations executives are attempting to steer a more stable course for their stock, and hope educating shareholders on the prospects of their company will help their cause. But their options are limited by what they don’t know, including who holds certain shares, as well as the dominance of passive investing...
More than a dozen companies in Europe, Canada and Australia have signed onto Chris Hohn’s “Say on Climate” initiative, according to data from Institutional Shareholder Services Inc...
FirstEnergy Corp. said Monday that Antonio Fernández will serve as chief compliance officer, effective April 12, as the Ohio utility works to put a bribery scandal behind it. Mr. Fernández, an industry veteran , will oversee the utility’s efforts to reform its ethics and compliance function as the company deals with multiple federal probes into the alleged bribery of an Ohio state lawmaker...
Readers will recall the many problems with Nasdaq’s recent proposal to add a board diversity provision to its listing rules for companies. Now comes the United Kingdom to see Nasdaq and raise its woke obligations. The Nasdaq plan would encourage companies listed on the exchange to maintain a quota of board members who are women or ethnic or sexual minorities. The U.S. stock exchange is trying to sweeten this unpopular pill by promising it would be optional...
Starbucks Corp. shareholders rejected the coffee company’s executive compensation proposal, a rare rebuke to a major U.S. company. The plan voted down by Starbucks shareholders Wednesday includes millions of dollars in bonus and retention pay for Starbucks’ chief executive, though the resolution was nonbinding and may not affect executives’ compensation...
FirstEnergy Corp. reached a deal with Carl Icahn that will give him two seats on the Ohio utility’s board and avert a potential proxy fight as the company looks to put a bribery scandal behind it...
Sen. Bernie Sanders is using his new perch as Budget Committee chairman to try to keep Congress focused on measures designed to improve worker pay and job conditions, even as related legislation including a $15-an-hour minimum wage has stalled...
Big U.S. companies are giving a more detailed picture of diversity in their ranks, with dozens of them publicly sharing gender or race breakdowns, many for the first time. Three-quarters of the workers at General Electric Co. were men. Half of senior executives at engine-maker Cummins Inc. were women. Chicken processor Tyson Foods Inc. said 25% of its U.S. workers were Black. At Chipotle Mexican Grill Inc., 38% of U.S. employees were Latinos...
Nasdaq recently submitted a proposal to the U.S. Securities and Exchange Commission focused on diversity of the boards of companies listed on our U.S. exchange. Our proposal establishes a recommended objective for companies to include at least two board members from diverse backgrounds. We asked that each company disclose anonymous aggregate data—self-disclosed by the directors—regarding their gender identity, race, ethnicity and sexual orientation...
Herbalife Nutrition Ltd. plans to overhaul its board as Carl Icahn winds down his eight-year involvement with the company and it looks to burnish its standing with other investors. Herbalife will add to its board Sophie L’Hélias, a corporate governance expert and the lead independent director of French luxury-goods company Kering; Kevin M. Jones, chief executive of cloud-computing firm Rackspace Technology Inc. ; and Don Mulligan, the former CFO of food conglomerate General Mills Inc., the nutritional-supplements maker plans to announce...
Herbalife Nutrition Ltd. 's new finance chief is working to change investors' view of the business after years of activist pressure, which abated in January when Carl Icahn —once its largest shareholder—sold a large chunk of his stake and relinquished his board seats. ... Shares rose 1.8% over the course of 2020...
GameStop Corp.'s finance chief was forced out of his role as activist investor Ryan Cohen pushes for a digital transformation of the ailing videogame retailer, people familiar with the matter said...
The chair and four other members of the Texas power grid operator’s board are resigning after blackouts left millions across the state without electricity and heat during a deep freeze last week...
A group of activist investors has a big stake in Kohl’s Corp. and is attempting to take control of the department-store chain’s board, according to people familiar with the matter...
Apollo Global Management Inc. has appointed former Securities and Exchange Commission Chairman Jay Clayton to the newly created role of lead independent director on its board...
When Boeing Co. BA 0.15% ’s board had its first formal meeting around seven weeks after the initial 737 MAX crash in late 2018, directors didn’t hold in-depth discussions about the jet’s safety, according to newly released details of internal company documents. Months later, Boeing’s current chief executive told journalists the company’s directors had moved quickly to address the accident, according to excerpts of company documents contained in a shareholders’ lawsuit...
Citigroup Inc. and Bank of America Corp. said Friday they had slashed their CEOs’ 2020 pay. At Citigroup, the bank cut Chief Executive Michael Corbat’s pay 21% to $19.04 million, citing a consent order that regulators slapped on the bank in October. The bank reduced other executives’ pay for the same reason, saying they shared responsibility for the problems...
Eli Lilly & Co. said it won’t try to claw back past pay from newly departed finance chief Joshua Smiley, but moved to take away his 2020 bonus and other incentive compensation following years of rule tightening around executive conduct and recuperation of funds at the drugmaker. Indianapolis-based Eli Lilly, known for drugs that treat diabetes, cancer and other diseases, Tuesday said Mr. Smiley resigned following allegations of an inappropriate personal relationship with an employee...
An activist investor is preparing to launch a proxy fight at trucking and logistics company Forward Air Corp. Ancora Holdings Inc. plans to nominate four directors to Forward Air’s 10-person board, including the company’s founder and its former chief financial officer, according to people familiar with the matter. The group holds a combined 6.3% stake in the Greeneville, Tenn., company, the people said...
Then-CEO Dennis Muilenburg focused on negative press following crashes, according to newly revealed communications...
Now the Grammy-winning singer is taking on a role that has become increasingly popular among entrepreneurial-minded celebrities: corporate director...