The pandemic and the movement for racial justice have tested corporate pledges to elevate social concerns alongside shareholder interests. A new study finds companies are failing to follow through...
Proxy advisory firm Glass Lewis said late on Tuesday it had recommended Tesla Inc's investors to vote in favor of re-electing Chairwoman Robyn Denholm after having earlier opposed her re-election in June...
BOSTON — Lawyer Steve Wolosky usually helps activist investors like Starboard Value take on corporate America. Now he is taking center stage himself, wading into a governance fight over a tool that limits how much stock unwanted investors can buy...
Under pressure to classify their freelance drivers as full-time employees, the ride-hailing companies are discussing another option...
Eight months had passed since McDonald’s fired its chief executive, Steve Easterbrook, for sexting with a subordinate. Mr. Easterbrook had apologized and walked away with tens of millions in compensation, and the fast-food chain had moved on under a new chief executive...
Well-timed stock bets have generated big profits for senior executives and board members at companies developing vaccines and treatments...
TOKYO — U.S. hedge fund Farallon Capital Management said on Wednesday it would vote for nominees to Toshiba Corp's board that are backed by activist funds, intensifying a proxy fight involving the Japanese industrial conglomerate...
SHANGHAI/BEIJING — Chinese regulators adopted shock and awe tactics on Saturday to target misbehaving shareholders of banks and insurers by naming and shaming 38 corporate investors for having "gravely" violated rules and laws in their first such exercise...
Corporate boards are handing out millions to top executives before their companies seek bankruptcy protection, and courts can’t do much about it...
Wirecard, a Germany company that soared in value in recent years as it provided a widening array of payment services around the world, was suddenly collapsing on Friday amid questions surrounding missing cash balances amounting to 1.9 billion euros, about $2.1 billion...
Glass Lewis said on Thursday that it urged Tesla Inc investors to vote against re-electing Chairwoman Robyn Denholm to the company's board, making it the second proxy advisory firm to oppose her appointment...
HCA Healthcare is one of the world’s wealthiest hospital chains. It earned more than $7 billion in profits over the past two years. It is worth $36 billion. It paid its chief executive $26 million in 2019...
SoftBank Vision Fund's head, Rajeev Misra, saw his total pay for the past business year more than double to 1.6 billion yen ($15 million), even as the fund's underperformance pushed SoftBank to a record $13 billion operating loss...
NEW YORK — JPMorgan Chase & Co shareholders voted to reelect each of the bank's board members, with each director receiving at least 84% of the shares voted, according to initial tallies...
SEOUL — Samsung Group heir Jay Y. Lee's vow to end dynastic succession at South Korea's biggest conglomerate following three generations of Lee family control sparked skepticism on Thursday...
The parent company of the New York Stock Exchange, which her husband runs, changed compensation terms to give Kelly Loeffler, a top executive, awards worth millions of dollars as she left for Congress...
BOSTON — Tegna shareholders re-elected all 12 directors to the U.S. regional TV station operator's board, handing victory to management and ending a months-long proxy contest with hedge fund Standard General, which had sought to replace four board members...
BOSTON — Two influential proxy advisory firms said Dine Brands Global Inc shareholders should reject a proposal to spin off its IHOP pancake house chain in a rebuke to activist investment firm JCP Investment Partnership which proposed the plan...
An investor group that owns almost one-quarter of GCP Applied Technologies is backing activist investor Starboard Value's plan to remove most of the chemical company's current board members, arguing the committee is not making the best decisions for the company or shareholders...
FRANKFURT — Bayer on Tuesday faces its second annual investor reckoning over its handling of a wave of U.S. lawsuits claiming its glyphosate-based weedkillers cause cancer...
Most activist shareholders have refrained from challenging the boards of U.S. companies during this season of annual shareholder meetings, as businesses reel from the economic fallout of the coronavirus outbreak...
When we cautiously return to normalcy, there will be a natural tendency to play the blame game about the reality that our economic system was not well positioned to absorb the effects of the pandemic without an enormous corporate bailout...
BOSTON — Starboard Value has nominated six directors to the board at Commvault, setting the stage for a second battle in two years between the U.S. data protection and data management software company and an activist hedge fund...
The Cambridge, Massachusetts-based chemical company is striking back at activist investor Starboard Value hours after the hedge fund announced on Thursday that it will push forward with its proxy fight and nominated eight directors...