In a significant development, CalPERS, the biggest U.S. public pension fund, said it will vote for a shareholder proposal to replace Warren Buffett as Berkshire Hathaway Inc’s chairman; he will however continue to remain as its CEO. In a regulatory… Read More ›
On Monday, in a statement Royal Dutch Shell proposed that the pay of its directors should be more closely linked to group’s climate performance and cut off the link between bonuses and liquefied natural gas (LNG) production volumes. The development… Read More ›
According to a report from the Wall Street Journal, a group of activist investors who have a stake of around 9.5% in Kohl’s Corp is attempting to take control of the department store chain’s board. The activist investors include Ancora… Read More ›
With Impala Asset Management saying it will try and place two directors at Harley-Davidson Inc, America’s oldest and best-known motorcycle maker is facing a battle with one of its investors. Impala Asset Management, run by Robert Bishop, which owns 1.9… Read More ›
Google Inc’s Chief Executive Sundar Pichai is set to replace Larry Page as Alphabet Inc’s CEO. Page and Sergey Brin will continue to distance themselves from playing an active role in the management of the company they co-founded 21 years… Read More ›
Given Renault’s stake in Nissan, Jean-Dominique Senard, Renault’s chairman, will be joining Nissan’s board. On Wednesday, the Financial Times reported citing sources with knowledge of the discussions at hand, Nissan Motor Co Ltd’s independent committee on governance is likely to… Read More ›
The arrest and the subsequent extradition to the United States is one of several headwinds facing Huawei. Countries across the world are taking steps to bar the usage of Huawei’s equipment from their core existing and future mobile operations. In… Read More ›
Both, France and Japan, have indicated that they are ready to stabilize and conslidate the alliance between Renault and Nissan. On Wednesday, French Finance Minister Bruno Le Maire stated, the consolidation of the alliance between France’s Renault and Japan’s Nissan… Read More ›
Xerox found “material deviations” between the audited Fuji Xerox financial statements and unaudited statements that was provided to it earlier. In a significant development, Xerox Corp stated it was in the process of ending its planned $6.1 billion deal with… Read More ›
Its Chairwoman and legal counsel have resigned with immediate effect. Analysts expect more heads to roll in the coming weeks. On Monday, following damaging revelation of inappropriate behavior at AMP, Australia’s largest-listed wealth manager, Catherine Brenner, its chairwoman and Brian… Read More ›
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