China's crackdown on bank pay is part of its so-called Common Prosperity campaign. Dreamstime Chinese President Xi Jinping’s latest directive for banks to cut “excessive” pay for executives is the latest sign of the breadth of his so-called Common Prosperity campaign, analysts say...
Frontier Airlines parent Frontier Group Holdings Inc. ULCC, +6.57% issued a letter to Spirit Airlines Inc. SAVE, +2.90% shareholders, urging them to support the air carriers' agreed upon merger deal...
Two years since Corporate America’s $50 billion promise to advance diversity, equity, and inclusion (DEI), the question on many people’s minds is whether companies have actually made progress toward their commitments. Have we seen noteworthy changes demonstrating impact ? Americans are looking for action. New survey research by JUST Capital and SSRS shows that 92% of Americans believe it is important for companies to promote racial diversity and equity in the workplace...
Zendesk shares rose after a report from The Wall Street Journal said the provider of cloud-based customer-service software was in settlement talks with activist investor Jana Partners that could include the departure of the company’s chief executive. The talks come after Zendesk (ticker: ZEN) said last week it plans to continue on as an independent public company after not finding a buyer...
Facebook parent Meta Platforms Inc. on Wednesday announced that the company handily defeated all shareholder proposals, an unsurprising result because it is majority controlled by founder and Chief Executive Mark Zuckerberg...
It is in the best interest of shareholders for companies to evaluate their board composition regularly, establish policies and processes to ensure board diversity, and disclose the composition of their boards of directors, write Michael Frerichs and John W. Rogers, Jr.,,
Shareholders in some of the world’s biggest tech companies will vote next week on top executives’ compensation, as influential advisory services urge them to fight the massive paydays...
US Foods Holding Corp. said Chief Executive Officer Pietro Satriano is stepping down and won't stand for re-election as a director at the 2022 annual shareholder meeting...
The leak of the draft Supreme Court opinion that purports to overturn Roe v. Wade has thrown corporations into the fray of one of the most polarizing issues in American society.
Expectations on corporations and CEOs to pick a side are rising...
In a filing Wednesday with the Securities and Exchange Commission, Berkshire Hathaway Inc. BRK.B, +2.45% BRK.A, +2.73% disclosed that a shareholder measure that would have removed him as chairman was overwhelmingly rejected...
Plug Power Inc.’s long-time Chief Executive Andrew Marsh recorded total compensation of more than $52 million in 2021, a year after the fuel-cell systems company’s losses widened sevenfold but the stock skyrocketed nearly 1,000%...
Takeovers are usually friendly affairs. Corporate executives engage in top-secret talks, with one company or group of investors making a bid for another business. After some negotiating, the companies engaged in the merger or acquisition announce a deal has been struck...
CalPERS, the country’s largest state public pension fund, disclosed Tuesday that it intends to vote for a Berkshire Hathaway shareholder proposal that would replace Warren Buffett as chairman...
He sits on several advisory boards and also serves as a director of the Council on Foreign Relations, a trustee of the Brookings Institution and as a ...
Shareholder activism has traditionally been associated with proxy fights for control of multi-billion-dollar corporations and aggressive hedge funds with a plan to break up conglomerates to fully leverage/maximize its growth potential...
Zendesk shareholders rejected a proposal to acquire Momentive Global, parent of Survey Monkey. David Paul Morris/Bloomberg Z endesk failed in its attempt to acquire Survey Monkey’s parent, Momentive Global , last week, and now the enterprise-software company is really feeling the pinch from investors...
Swedish activist investor Cevian Capital on Friday called for broad changes to Ericsson AB's corporate governance to restore credibility at the telecom gear maker following revelations of corruption-related misconduct and questionable payments made in Iraq...
Chipotle Mexican Grill Inc. said it has set environmental, social and governance goals this year that would be tied to its executives' compensation...
Carl Icahn wants to add two people of his choosing to the board of McDonald’s , which said in a statement on Sunday that it would evaluate his nominees. The activist investor nominated Leslie Samuelrich and Maisie Ganzler to stand for election at the 2022 annual meeting. McDonald’s has a 12-member board. Icahn is taking issue with the pork that McDonald’s (ticker: MCD) buys to make its sausage patties and other food items...
Activist investor Daniel Loeb, whose Third Point LLC counts Amazon.com Inc. as one of its biggest holdings, told investors on Wednesday that he sees roughly $1 trillion in untapped value at the e-commerce giant. Loeb said on a private call with the hedge fund’s investors that the market is failing to recognize the full value of Amazon’s AMZN, +1.02% two disparate businesses, its core e-commerce operation and its Amazon Web Services cloud unit, according to people familiar with the matter...
The U.S. Securities and Exchange Commission recently announced a new interpretation of its rules that would allow a company’s shareholders to vote on a much broader range of social policy proposals at the company’s annual meeting. Yet the SEC staff left the crucial question unanswered: How do we decide whether a social policy is “economically relevant” to a company’s business? Shareholder actions on environmental, social and governmental issues are certainly gaining steam...
Toshiba Corp. said Monday that it plans to hold an extraordinary shareholders meeting on March 24 to seek initial approval for its restructuring plan...
Shares in Clariant fell on Monday after the company said it would delay its 2021 earnings release amid an investigation into potential accounting irregularities...
Investors who own index funds and actively managed mutual funds long ago surrendered the voting of their shares to giant asset managers. But the titans appear ready to return this voting power to individual shareholders — which is where it belongs. If you own shares in a public company, you get to vote on key issues, such as who its directors are or a proposed merger with another company...