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Subway Restaurants said Suzanne Greco is stepping down as chief executive officer and will be replaced on an interim basis by Trevor Haynes, who heads up the sandwich chain’s business development.
In my article, Busy Directors and Firm Performance: Evidence from Mergers, forthcoming in the Journal of Financial Economics, I study directors’ concurrent service on boards of multiple companies. More than 20% of directors in S&P1500 companies hold multiple board seats and nearly 85% of S&P1500 firms share at least one director with other S&P1500 firms.
We were shareholder activists once. For two years, we conducted an activist campaign at Tejon Ranch, the largest private landowner in California and a publicly traded company. We wrote about our adventure nearly a year ago in The Atlantic, but as we thought more about our interaction with Tejon Ranch’s managers, we realized there were valuable lessons that we wanted to share with the corporate leaders who are likely to confront the risk of an activist campaign.
Convenience store giant Alimentation Couche-Tard Inc. has always been a discreet company, even though it’s been publicly traded for the past 32 years. The Laval, Quebec, firm didn’t organize its first investor day until this past January. Executives don’t hold live conference calls for earnings—analysts must submit questions in advance.
Apple Inc lavished cash on its shareholders like no company in history in the first three months of the year and it intends to keep doing so, making the iPhone maker’s investors the clearest winners yet from last year’s sweeping U.S. corporate tax cuts.
Xerox Corp. said its chief executive, Jeff Jacobson, is resigning in a settlement with two of the company’s biggest investors, Carl Icahn and Darwin Deason, a pact that shakes up the majority of the board and puts its transaction with Fujifilm Holdings Corp. at risk.
The board of directors at Acorda Therapeutics has docked the pay of CEO Ron Cohen for a series of missteps that hobbled the drug maker last year
The merits of some mergers make for a close case, but the proposed merger between the mobile carriers Sprint and T-Mobile, which would create a new telecommunications behemoth, is not one of them.
Constellation Software Inc., the Toronto tech company whose stock has risen sixfold in the past five years, is the last firm in the S&P/TSX 60 index to bring a woman on to its board of directors, after yielding to pressure from investors.
Executive pay regulation in the United States leads to a litany of unintended and mainly harmful consequences, according to a new paper by Kevin J. Murphy of University of Southern California’s Marshall School of Business and Michael C. Jensen of the Harvard Business School.
The billionaire chief executive of WhatsApp, Jan Koum, is planning to leave the company after clashing with its parent, Facebook, over the popular messaging service’s strategy and Facebook’s attempts to use its personal data and weaken its encryption, according to people familiar with internal discussions.
The crisis engulfing Australian wealth manager AMP Ltd. deepened, with Catherine Brenner resigning as chairman after the company admitted misleading the regulator, which may lead to criminal charges.
An influential shareholder advisory group has piled pressure on Paul Achleitner, chairman of the supervisory board at Deutsche Bank, saying shareholders should push for a process to find his successor.
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The embattled political consulting firm Cambridge Analytica announced on Wednesday that it would cease most operations and file for bankruptcy amid growing legal and political scrutiny of its business practices and work for Donald J. Trump’s presidential campaign.
Major investment adviser wants shareholders to vote against new Volkswagen board appointments, and an independent and analytical review of the carmaker’s plan to improve its culture and governance.
At April’s annual meeting, General Electric’s leadership got an earful from retirees, employees and shareholders about the company’s financial woes, with one investor calling the once preeminent Blue Chip company an “embarrassment.”
As the clock ticks down to legalization of recreational marijuana, the Financial Post’s Mark Rendell spoke to the CEOs of Canada’s four largest publicly traded licensed producers about how they’re preparing their businesses for the new regime. The following interviews happened in March and have been edited for space.
The recent press revelations about Nike’s hostile culture toward women throw up questions about the sportswear company’s corporate governance model.
In a political climate where public opinion can turn on a dime, boards of directors need to consider a new business risk – “social risk.” Case in point, Delta Air Lines. After discontinuing its one-time discount to National Rifle Association members flying to the organization’s annual meeting, the airline faced intense positive and negative feedback.
U.S. activist fund Elliott Management has begun a legal dispute with South Korea over a controversial 2015 merger of two Samsung affiliates after Elliott lost a proxy battle to block it, a South Korean government official said on Tuesday.
Algorithms trained on mountains of Chinese data may soon be making decisions that deeply affect the lives of people in the US.
Ontario’s Liberal government took direct aim at Hydro One Ltd.’s “unjustifiably generous” compensation Monday, forcing the electrical transmission utility’s board to revisit pay packages for senior executives.
Almost 50 years ago, a Canadian Senate report declared that a basic income “is an idea whose time has come.” Ever since, the idea has resurfaced every so often, with support that spans the political spectrum.
The TD Bank Group has become the first Canadian bank to join the Canadian Institute for Cybersecurity — a centre for cyber technology research at the University of New Brunswick in Fredericton.
Friday is showdown day between the activists who want board and management change at Crescent Point Energy and those who argue the current group needs more time.
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Scoop.it!
