1. 1-24 of 60 1 2 3 »
    1. Lawyer Says Kelly Innocent of Ghosn Pay Scheme

      Lawyer Says Kelly Innocent of Ghosn Pay Scheme

      TOKYO (AP) — The chief lawyer for Greg Kelly, an American on trial in Japan on charges of under-reporting Nissan former Chairman Carlos Ghosn’s compensation, says his client was merely trying to prevent Ghosn from going to a rival automaker. “Greg has no motive at all to commit such a crime,” Yoichi Kitamura said Friday at his Tokyo office. At the time, Kelly, then a Nissan executive vice president, was making good money, had a successful career and moreover, was a lawyer...

      Read Full Article
    2. Blackstone CEO Schwarzman Took Home $610.5 Million in 2020

      Blackstone CEO Schwarzman Took Home $610.5 Million in 2020

      By Chibuike Oguh (Reuters) - Blackstone Group Inc Chief Executive Stephen Schwarzman pocketed at least $610.5 million in 2020 from dividends and compensation, more than any other private equity executive and up 20% from last year despite the impact of the COVID-19 pandemic, regulatory filings showed. The majority of the windfall stemmed from Schwarzman's 19.3% stake in Blackstone...

      Read Full Article
    3. Google to Evaluate Executive Performance on Diversity, Inclusion

      Google to Evaluate Executive Performance on Diversity, Inclusion

      By Paresh Dave (Reuters) - Alphabet Inc's Google will evaluate the performance of its vice presidents and above on team diversity and inclusion starting this year, the company said on Friday in one of several responses to concerns about its treatment of a Black scientist. Timnit Gebru, co-leader of Google's ethical artificial intelligence research team, said in December that Google abruptly fired her after she criticized its diversity efforts and threatened to resign...

      Read Full Article
    4. Once a 'stonk,' Hertz Reveals Dilemma Companies Face in Reddit Frenzy

      Once a 'stonk,' Hertz Reveals Dilemma Companies Face in Reddit Frenzy

      By Jessi(Reuters) - Months before the irrational trading in GameStop Corp, there was Hertz Global Holdings Inc. Operating under bankruptcy protection last spring once the COVID-19 pandemic wiped out its business, the car-rental giant confronted an extraordinary situation: Its stock price was skyrocketing for no apparent reason...

      Read Full Article
    5. Danone's Faber Says Not 'dogmatic' About CEO-Chairman Role

      Danone's Faber Says Not 'dogmatic' About CEO-Chairman Role

      PARIS (Reuters) - Emmanuel Faber, the chief executive and chairman of French food group Danone, told the weekly Journal du Dimanche that he did not hold a "dogmatic" view as to whether the role should be split in two. Faber is facing calls from activist investor Bluebell Capital Partners to step down after it took a stake in the company late last year. Danone shares fell 27% in 2020 and the company had been touted as a prime target for an activist fund...

      Read Full Article
    6. Former Ripple Board Member Tapped to Lead Biden’s Occ:

      Former Ripple Board Member Tapped to Lead Biden’s Occ:

      Michael S. Barr, a former U.S. Treasury Department official and onetime member of Ripple’s board of advisers, is likely to become the next Comptroller of the Currency, the Wall Street Journal reported Wednesday. If named and confirmed by the U.S. Senate, Barr will succeed Brian Brooks, the former Coinbase executive who served as Acting Comptroller for the last half of 2020. Barr is currently a dean at the University of Michigan Ford School of Public Policy...

      Read Full Article
    7. Activist Investor Reveals Stake in Box

      Activist Investor Reveals Stake in Box

      Is it the pent-up energy coming off the extended holiday weekend, or the several intriguing news items coming down the pike after market close? Either way, trading is quite lively in the after-hours scene tonight. Here are two big reasons why. Turkey gazing at the camera. More Image source: Getty Images. Starboard boxes itself in Noted activist hedge fund Starboard Value is now a major shareholder in tech stock Box (NYSE: BOX)...

      Read Full Article
    8. This Billionaire Activist Just Loaded Up on Beaten-Down Cloudera

      This Billionaire Activist Just Loaded Up on Beaten-Down Cloudera

      When billionaire activist investor Carl Icahn makes a move, investors usually listen. The activist investor and head of Icahn Enterprises (NASDAQ: IEP) has had a sterling track record over the past 20 years, and is known for making purchases of beaten-down stocks, then shaking up management teams to unlock value. Icahn doesn't always "go activist," however. For instance, Icahn made a lot of money in Netflix when he invested after its Qwikster debacle, without making any management changes...

      Read Full Article
    9. Del Frisco's Buyout Deal Is a Bittersweet Activist Investor Victory

      Del Frisco's Buyout Deal Is a Bittersweet Activist Investor Victory

      Engaged Capital has developed quite a reputation as an effective activist investor. After successfully advocating for the sale of companies including Jamba Juice and Outerwall, the activist set its sights on steakhouse operator Del Frisco's (NASDAQ: DFRG) . In December 2018, Engaged Capital published a letter to Del Frisco's board of directors in which it disclosed a 9.9% ownership stake and advocated for the company to sell itself. The activist got what it wanted...

      Read Full Article
    10. FirstGroup to Sell Greyhound as it Bows to Activist Investors

      FirstGroup to Sell Greyhound as it Bows to Activist Investors

      FirstGroup has announced it will break up its business, sell Greyhound, and possibly withdraw from UK rail, in the face of pressure from major shareholders . The Aberdeen-based transport group said it would spin off its profitable UK First Bus operations, as it announced surging revenues but still made a £97m pretax loss...

      Read Full Article
    11. Is the Lowe's Turnaround Thesis Busted?

      Is the Lowe's Turnaround Thesis Busted?

      Activist investor Bill Ackman, who runs Pershing Square Holdings (LSE: PSH) , has a large stake in Lowe's (NYSE: LOW) . Along with fellow activist investor D.E. Shaw, Ackman shook up company management last year when he installed ex- J.C. Penney CEO Marvin Ellison at the helm, with the goal of improving operating metrics against better-performing rival Home Depot . Ellison took over at the home-improvement giant last July, but apparently, things are off to a rockier-than-anticipated start...

      Read Full Article
      Mentions: Management stake LSE
    12. LionsGate is Still Interested in Selling Starz to CBS — Then Might Have to Merge with MGM to Stay Relevant

      LionsGate is Still Interested in Selling Starz to CBS — Then Might Have to Merge with MGM to Stay Relevant

      It's the great media paradox: while the amount of content expands, the number of traditional media companies keeps shrinking. CBS is expected to continue talks in the coming weeks with Lions Gate about buying Starz, the premium entertainment network LionsGate owns, according to people familiar with the matter...

      Read Full Article
      Mentions: Amazon stake Viacom
    13. SAP CEO Welcomes 'Fantastic' Activist Shareholder Elliott

      SAP CEO Welcomes 'Fantastic' Activist Shareholder Elliott

      (Reuters) - SAP CEO Bill McDermott on Tuesday welcomed a $1.3 billion (993 million pounds) investment by activist investor Elliott, saying the U.S. hedge fund group was aligned with his goal of expanding margins by driving top-line growth. "They have been a fantastic investor. I am very proud they have chosen SAP," McDermott told reporters on Tuesday at Sapphire Now, SAP's annual U.S. user conference in Orlando, Florida...

      Read Full Article
    1-24 of 60 1 2 3 »
  1. Categories

    1. BoardProspects Features:

      BoardBlogs, BoardKnowledge, BoardMoves, BoardNews, BoardProspects Announcements, BoardProspects CEO, CEO Blog, Competitor Corner, In the News, Member Report, Partner Publications, Question of The Week, Sponsored Content