1. Articles from sfgate.com

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    1. EBay Selling StubHub to Viagogo for $4.05 Billion

      EBay Selling StubHub to Viagogo for $4.05 Billion

      EBay is selling StubHub to ticket seller viagogo for $4.05 billion in cash. The transaction is part of a review that eBay undertook earlier this year following pressure from an activist investor. The San Jose, California-based company then said it was also reviewing options for its classified ads business. EBay Inc. bought StubHub in 2007 for $310 million. Both StubHub and the classifieds business each brought in less than 10% of eBay’s total revenue last year...

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      Mentions: EBay StubHub Viagogo
    2. PG&E Helped Fund the Careers of California Governor and his Wife. Now he Accuses the Utility of 'corporate greed.'

      PG&E Helped Fund the Careers of California Governor and his Wife. Now he Accuses the Utility of 'corporate greed.'

      California Gov. Gavin Newsom has accused his state's largest utility company of mismanaging funds he said it should have used to upgrade an aging electrical grid prone to deadly wildfires. But over the past two decades, Newsom, a Democrat, and his wife have accepted more than $700,000 from the Pacific Gas & Electric Co., its foundation and its employees ...

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      Mentions: PG&E
    3. CBS Chief Will Get $100 Million Severance and Still Keep his Job

      CBS Chief Will Get $100 Million Severance and Still Keep his Job

      CBS acting Chief Executive Officer Joe Ianniello is in line for a hefty haul when Viacom completes its proposed merger with the broadcast network. While he won't get to lead the combined entity, he'll collect $100 million severance and remain chief of CBS with a new contract entitling him to tens of millions of dollars more. The arrangement illustrates the extent of CBS's effort to persuade Ianniello, a 22-year company veteran, to support the tie-up without having a shot at the top job...

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    4. Marathon Petroleum Bows to Activist Push With Spinoff, CEO Exit

      Marathon Petroleum Bows to Activist Push With Spinoff, CEO Exit

      Marathon Petroleum Corp. buckled under pressure from shareholders and announced the spinoff of its retail fuel-station business and the departure of its Chairman and Chief Executive Officer, just five weeks after activist investor Elliott Management Corp. went public with demands for a radical overhaul of the company. Marathon confirmed the plan Thursday, along with a review of its pipeline business...

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    5. Purdue Pharma Paid CEO $9M in Year Before Bankruptcy

      Purdue Pharma Paid CEO $9M in Year Before Bankruptcy

      OxyContin maker Purdue Pharma paid its CEO $9 million and its board chairman nearly $4 million in the 12 months before the company's bankruptcy filing last month, according to recently filed financial documents. Five other board members overseeing the private company were paid a combined $3.7 million over that span. Purdue, a privately held company that usually does not disclose detailed financial information, had to make the information public as a part of its bankruptcy proceedings...

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    6. New York Doesn't Need a Smoking Gun to Win the Exxon Climate Trial

      New York Doesn't Need a Smoking Gun to Win the Exxon Climate Trial

      New York's $1.6 billion securities-fraud lawsuit against Exxon Mobil is scheduled to begin a second week of trial Monday, after a series of witnesses didn't provide any concrete evidence that the oil giant knowingly misled shareholders about its climate change accounting. Testimony by investors and employees did show a potential lack of clarity as to the difference between two measures of climate costs used by the energy giant...

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    7. Elliott Pushes for Sale of Hilton Grand Vacations

      Elliott Pushes for Sale of Hilton Grand Vacations

      Activist investor Elliott Management Corp. has built a position in Hilton Grand Vacations Inc. and has been advocating for a sale prior to the company putting itself on the block, according to people familiar with the matter. The New York-based hedge fund run by billionaire Paul Singer bought a stake of less than 5% in the time-share operator in July, said the people, who asked to not be identified because the matter isn't public...

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    8. Going Public? For Uber, Lyft and Others, Shutdown Slows IPOs

      Going Public? For Uber, Lyft and Others, Shutdown Slows IPOs

      WASHINGTON (AP) — The partial government shutdown is slowing plans by some companies to issue stock to the public and potentially cutting off a key source of capital for the financial markets. The shutdown, now in its fourth week, has all but darkened the Securities and Exchange Commission, the government agency that oversees the markets. Most of the SEC's 4,400-person staff is furloughed, including lawyers and other staffers who must approve corporate paperwork for initial public offerings...

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      Mentions: Investors SEC Uber
    9. Musk Suggests Tesla's New Chairwoman Won't Rein Him In

      Musk Suggests Tesla's New Chairwoman Won't Rein Him In

      NEW YORK (AP) — Tesla CEO Elon Musk dismissed the idea that the company's new chairwoman can exert control over his behavior. Robyn Denholm, an Australian telecommunications executive, was appointed chairwoman of Tesla's board last month, replacing Musk as part of as part of a securities fraud settlement with U.S. government regulators. But Musk said "it's not realistic" to expect Denholm to watch over his actions because he remains the electric car company's largest shareholder...

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      Mentions: SEC Tesla Fraud
    10. Facebook Users And Shareholders File Four Lawsuits Over Data Harvesting

      Facebook Users And Shareholders File Four Lawsuits Over Data Harvesting

      The lawsuit asks for financial restitution to the company as well as a court order requiring Facebook to improve its corporate governance and internal procedures. The data disclosure allegedly came about when a researcher invited Facebook users to sign up for a psychological survey in 2014, was able ...

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    11. Bonuses, Pay Deals Send College Executives’ Salaries Soaring

      Bonuses, Pay Deals Send College Executives’ Salaries Soaring

      Bonuses, pay deals send college executives’ salaries soaring 1 / 3 Back to Gallery The highest-paid college president in the nation quadrupled his pay in a single year to $4 million thanks to a hiring deal, according to a new survey of executive compensation at private universities. Nathan Hatch, president of Wake Forest University in North Carolina, earned slightly more than $1 million in 2014...

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    12. Verizon-Yahoo Deal Closes, Marissa Mayer Resigns

      Verizon-Yahoo Deal Closes, Marissa Mayer Resigns

      It’s official: Verizon finally buys Yahoo CEOs had tried and failed to fix Yahoo before Mayer, a first-time chief executive who formerly ran Google Maps and its local advertising business. “She will get a pass, because Yahoo has been such a difficult organization to grow,” said Jennifer Chatman, a UC Berkeley Haas School of Business professor...

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    1-24 of 28 1 2 »
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