The Allstate Corporation (NYSE: ALL) announced that Rich Hume, Chief Executive Officer of Tech Data Corporation (NASDAQ: TECD), has been elected to Allstate’s board of directors effective June 12. As of that date, the Allstate board will stand at 11 directors...
Occidental Petroleum Corp has been sued by investors who claim they suffered billions of dollars of losses because the heavily indebted company concealed its inability to weather plunging oil prices, after paying $35.7 billion to acquire Anadarko Petroleum Corp...
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...
Activist investor Starboard is withdrawing its nominations to eBay Inc's board after the e-commerce company appointed Walmart executive Jamie Iannone as its chief executive officer, the firms said on Thursday...
... industry to Benitec's Board of Directors . Mr. Smith currently serves as the Chief Financial Officer of Marinus Pharmaceuticals, Inc. (Nasdaq: MRNS), ...
He is a senior advisor to Stone Canyon Industries Holdings, JUST Capital, G100 and many organizations focusing on corporate governance and long ...
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...
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...
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...
ARDEN HILLS, Minn., March 19, 2020 (GLOBE NEWSWIRE) -- IntriCon Corporation (NASDAQ: IIN), a designer, developer and manufacturer of miniature interventional, implantable and body-worn medical devices, today announced the appointment of Heather Rider to the company’s Board of Directors...
Lamb Weston Holdings, Inc. (NYSE: LW) announced today the appointments of Robert J. Coviello, Senior Vice President, Sustainability and Government Affairs at Bunge Limited, and Robert A. Niblock, former Chairman, President and CEO of Lowe’s Companies, to its Board of Directors...
Simmons served as CEO of the maker of the TABASCO brand of pepper sauces from 2013 to 2019 and has served on its board since 1997...
Xerox Holdings Corp. said it is putting its campaign to take over HP Inc. on hold, a sign that the coronavirus pandemic is affecting deal making. The company said Friday it is postponing additional presentations, interviews with the press and meetings with HP shareholders...
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...
The biggest activist hedge funds are jumping on the wave of socially responsible investing. Elliott Management Corp., known for waging campaigns for share buybacks and executive change, suggested in its recent public letter to Evergy Inc. that the utility consider reducing its carbon footprint...
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...
In April last year, Bayer AG Chief Executive Werner Baumann was on defense. The architect of one of the most disastrous acquisitions in German corporate history, he had become the country's first chief executive to lose a vote of confidence by shareholders...
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)...
Britain's top companies are making too little progress in hiring people of colour to top jobs and end "all-white domains" in many boardrooms, a government-backed report said on Wednesday...
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...
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...
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...
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...
- Dundee Sustainable Technologies Inc. ("DST" or the "Corporation") (DST: CSE) is pleased to announce the appointment of Mr. Robert Sellars to the Board of Directors...