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    1. Mark Zuckerberg Asserts Control of Facebook, Pushing Aside Dissenters

      Mark Zuckerberg Asserts Control of Facebook, Pushing Aside Dissenters

      In December, Facebook Inc.'s top brass gathered at Mark Zuckerberg 's more than 700-acre, beachfront estate in Kauai, Hawaii, for an unusual board meeting to discuss how to redirect the company after years of turmoil. Changes came, but they weren't what everyone expected, according to people familiar with the gathering. Within months, Facebook announced the departure of two directors, and added a longtime friend of Mr. Zuckerberg's to the board...

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    2. Activists Lay Down Their Arms as Companies Cope With Coronavirus Spread

      Activists Lay Down Their Arms as Companies Cope With Coronavirus Spread

      Being a shareholder activist investor isn't such a good look right now. Executives are struggling to keep their companies afloat and their workers employed as the coronavirus spreads, and activists' demands in many cases seem less pertinent than they did just a few weeks ago. That's led many of the investors to walk away from campaigns or settle them early...

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    3. Occidental Nears Deal With Activist Icahn on Proxy Battle

      Occidental Nears Deal With Activist Icahn on Proxy Battle

      U.S. oil and gas producer Occidental Petroleum Corp is nearing an agreement with activist investor Carl Icahn to halt a proxy battle in return for board seats, according to a person familiar with the matter. The agreement could put an end to a bitter fight over Occidental's ill-timed purchase of rival Anadarko Petroleum last year, a bet on the continued growth of U.S. shale...

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    4. Boards Are More Likely to Review Temporary Succession Plan Amid Pandemic

      Boards Are More Likely to Review Temporary Succession Plan Amid Pandemic

      Temporary succession planning could become a more pressing issue in the coming weeks, as companies prepare for the possibility of executive absences related to the coronavirus pandemic, governance experts say. Finance chiefs, long seen as a steady hand within an organization, are likely contenders to temporarily fill a chief executive or chairman post if needed...

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    5. Disney Shareholders Approve Executive Compensation by Narrow Margin

      Disney Shareholders Approve Executive Compensation by Narrow Margin

      Walt Disney Co. shareholders approved a referendum outlining former Chief Executive Robert Iger's compensation for 2019, with less support than the previous year's vote. At the company's annual meeting Wednesday, the nonbinding resolution on executive compensation, including Mr. Iger's $47.5 million package, passed with about 53% of shareholder votes. The same resolution was accepted at 2019's meeting with 57% voting in favor...

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    6. HP to Buy Back $15 Billion in Stock to Battle Xerox Takeover Bid

      HP to Buy Back $15 Billion in Stock to Battle Xerox Takeover Bid

      HP Inc. pledged to buy $15 billion worth of stock, with at least $8 billion of that in the first year, to tackle a hostile takeover from Xerox Holdings Corp. HP called Xerox's proposal "a fundamentally flawed value exchange" that "created an irresponsible capital structure" and overstates potential savings and productivity gains from merging the companies...

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    7. On Shareholder Vote Reforms, BlackRock Sits on the Fence

      On Shareholder Vote Reforms, BlackRock Sits on the Fence

      BlackRock Inc declined to back or reject a regulatory proposal to reform the shareholder resolution process in a long-awaited letter distributed on Thursday, seeking instead a middle ground on a hotly contested, politicized issue. The letter provided by a spokesman for the world's largest asset manager was just one of thousands of comments filed with the U.S. Securities and Exchange Commission (SEC)...

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    8. JPMorgan Chase: CEO James Dimon's Compensation Rises to $31.5 Million -

      JPMorgan Chase: CEO James Dimon's Compensation Rises to $31.5 Million -

      JPMorgan Chase & Co. paid its chief executive, James Dimon, $31.5 million for his work in 2019, a 1.6% boost, as the bank set fresh records in profit and stock price. The pay includes $6.5 million in cash, including salary and bonus, and $25 million in stock grants that would be earned over the coming years, depending on the bank's performance...

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    9. BlackRock Built 5% Stake in Ex-Toshiba Unit at Centre of Takeover Battle-Filing

      BlackRock Built 5% Stake in Ex-Toshiba Unit at Centre of Takeover Battle-Filing

      BlackRock Inc has built a 5.12% stake in Toshiba Machine , a former Toshiba Corp subsidiary that has been targeted by Japan's most prominent activist investor, according to a regulatory filing by the U.S. asset manager. The revelation by BlackRock on Wednesday came a day after veteran activist investor Yoshiaki Murakami launched an up to $235 million hostile bid for control of the molding company...

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      Mentions: Takeover Japan stake
    10. Carl Icahn Urges U.S. SEC to 'rethink' Proposed Rule Change for Proxy Advisers

      Carl Icahn Urges U.S. SEC to 'rethink' Proposed Rule Change for Proxy Advisers

      Billionaire activist investor Carl Icahn on Monday urged the U.S. Securities Exchange Commission (SEC) to rethink a proposed rule change for proxy adviser firms, saying it would make activist investing "even more difficult and expensive to practice." The SEC earlier this month put forward new rules that would require proxy adviser firms to give companies a chance to review proxy materials before they are sent to shareholders...

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    11. Court Tosses Carl Icahn's Lawsuit Seeking Occidental Acquisition Records

      Court Tosses Carl Icahn's Lawsuit Seeking Occidental Acquisition Records

      Activist investor Carl Icahn will not have access to Occidental Petroleum Corp's Anadarko takeover records to support his proxy fight against the oil firm's board, a Delaware court judge ruled on Thursday. Icahn sued Occidental in Delaware Court of Chancery last May seeking financial records and details of its negotiations with Anadarko. He has since committed to a proxy fight to appoint new management and accelerate asset sales to repay debt taken on with the $38 billion deal...

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    1-24 of 121 1 2 3 4 5 »
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