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Under the plan, eligible employees who want to exit the company will be offered pay and benefits package, Calhoun said in a memo.
Germany is in talks to provide Lufthansa (LHAG.DE) with billions of euros in state aid and could take a stake in the airline, which has grounded more than 90% of its fleet due to the coronavirus pandemic, people close to the matter said.
German listed companies will be asked to suspend dividend payments to qualify for assistance designed to ease the impact of the coronavirus crisis.
As a result of the COVID-19 pandemic, a number of public companies have seen their market capitalization and value of their common stock decline precipitously. Fortunately for many companies who are not currently facing an activist attack, director nomination and business matter proposal deadlines for annual meetings have passed for the current proxy season.
No area is immune from the effects of the current COVID-19 crisis, including shareholder activism. For shareholders contemplating or already conducting an activist type campaign at a company, COVID-19 leads to logistical impediments and shifts in timing and strategy, but, importantly, also creates opportunities for savvy investors.
Sector’s shares have lost a quarter of their value in March
T-Mobile US Inc (TMUS.O) said on Wednesday it officially completed the merger with Sprint Corp (S.N) and the combined company will now operate under the T-Mobile name.
The chief executives of two major Canadian banks say they expect to have ample capital to absorb shocks from the coronavirus pandemic, and do not plan to cut dividends or lay off staff this year.
In 2014, luxury firms LVMH Moët Hennessy, Louis Vuitton, and Hermès signed a truce, ending a long and arduous battle popularly known as the “handbag war.” The melee erupted in October 2010, when the fashion giant controlled by Bernard Arnault disclosed it had amassed a 17 percent stake in Hermès, which would eventually grow to over 22 percent.
Sanjay Mehrotra stocked up on raw materials and devised a ‘Red Team, Blue Team’ approach to keep the chip maker’s production lines humming
No area is immune from the effects of the current COVID-19 crisis, including shareholder activism. For shareholders contemplating or already conducting an activist type campaign at a company, COVID-19 leads to logistical impediments and shifts in timing and strategy, but, importantly, also creates opportunities for savvy investors.
President says it should be ‘VERY BIG & BOLD’ with focus on jobs, infrastructure
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Scooped by
Institut sur la gouvernance (IGOPP)
March 31, 2020 10:16 AM
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Overall merger volume has come to a virtual standstill in the past two weeks
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Under the plan, eligible employees who want to exit the company will be offered pay and benefits package, Calhoun said in a memo.
Because even thriving companies can be killed in a matter of weeks by a recession of the magnitude now confronting the world, advanced-economy governments have reacted in a remarkably similar fashion to the COVID-19 crisis. But extending liquidity lifelines to private businesses and supporting idled workers assumes a short crisis.
Chairman-CEO Brian Roberts and other top executives at Comcast will donate 100% of their salaries to charities supporting COVID-19 relief efforts as the media giant commits $500 million to support employees with continued pay and benefits, according to a memo Roberts sent to staff on Wednesday.
The Coronavirus (COVID-19) pandemic is expected to continue for up to 18 months. With the extraordinary impact the pandemic is already having on companies and markets around the world today, Glass Lewis has been scenario planning in order to consider how this will impact governance and broader ESG issues in the present and future.
World’s biggest asset manager joins Neuberger Berman in seeking slice of growing market
Finance minister calls for time-limited collective response to economic impact of crisis
The Bank of Canada is likely to buy about $200-billion of government debt after announcing its first quantitative-easing program, which would nearly triple the amount of assets on the central bank’s balance sheet, bond strategists estimate.
Dollarama said sales rose in the first few weeks of the current quarter, but that was followed by lower traffic after Canadians were told to stay home
As pharmaceutical companies work to develop potential vaccines and treatments for COVID-19, they are operating under extreme pressure—as well as the restrictions on movement and interaction that are affecting all of us. We asked Dr. Greg Licholai, a lecturer at Yale SOM and chief medical information officer at PRA Health Sciences, about the progress toward bringing new drugs to patients.
Companies from FedEx Corp. to Facebook Inc. are finding that more business isn’t always good for business when it comes to coronavirus.
Coronavirus pandemic prompts copier maker to walk away from challenging merger attempt
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Scooped by
Institut sur la gouvernance (IGOPP)
March 31, 2020 10:17 AM
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The chances are, though, that it will not be taken
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Scoop.it!
