Corporate governance - Vigil

An activist investor has a stake in Hasbro Inc and is supporting another activist already waging a proxy fight at the toy maker while it pushes the company to make further changes.

Credit Suisse Group AG shareholders revolted Friday, refusing to clear executives of legal liability from recent financial mishaps, even as the bank’s chairman and chief executive sought to reassure shareholders the institution can change its culture and turn a corner. 

The yield on the 10-year U.S. Treasury note logged its biggest monthly increase in more than a decade in April, lifted by mounting expectations for higher interest rates that have deepened the pain for debt investors. 

Tens of thousands of investors packed an Omaha arena Saturday to listen to Buffett and Berkshire’s vice chairmen answer questions at Berkshire’s annual meeting that was back in person for the first time since the pandemic began, but the turnout was likely smaller than when it used to regularly attract more than 40,000.

Investors in three Covid-19 vaccine makers on Thursday rejected shareholder proposals aimed at broadening global access to the shots.

The Bank of Canada is prepared to raise interest rates “forcefully if needed” to get inflation under control, Governor Tiff Macklem said Wednesday, doubling down on the message that Canadian households and businesses should brace for higher borrowing costs over the coming year.

Barclays has put its $1.25-billion share buyback plan on hold until talks with U.S. regulators over a major trading blunder have been resolved, piling early pressure on the British bank’s new Chief Executive C.S. Venkatakrishnan.

Guérard decided her leadership team needed to process what had happened in order to push past it. So the new CEO called for a day of “strategic reflection” in a meeting room on the fringes of Old Montreal. While other companies might have bonded over white-water rafting or paintball, Transat’s executives would participate in a verbal exchange she hoped would cement their renewed collaboration. In the end, they poured their hearts out in an act of corporate catharsis and washed it all down with a glass of wine.

Bank of Montreal spokesperson Jeff Roman said in an e-mail the bank has not yet named a replacement for Mr. Auerbach, and BMO Private Wealth’s senior leadership team will report on an interim basis to Deland Kamanga, group head of BMO Wealth Management.

« Guy Lafleur était déjà dans les plans de la Ville. Les grands Montréalais, on pense à eux même en amont », a indiqué la mairesse Valérie Plante lors d’une mêlée de presse, lundi matin, peu avant une séance du conseil municipal. « La réponse, c’est oui. C’est sûr qu’on va trouver une façon d’honorer la mémoire et le legs de M. Lafleur », a-t-elle assuré.

Now Mr. Poutanen is pursuing a higher goal – using AI to save lives. Mr. Poutanen is leaving TD to lead his latest startup, Signal 1 AI Inc. It is aiming to bring to market an artificial intelligence tool that will help hospitals predict which patients are at greatest risk of dying and need immediate intervention.

Canada’s largest airline said revenues rose to $2.6-billion from $729-million in the same period of 2021, as passengers shook off fears of COVID-19 and resumed flying, albeit in smaller numbers than in pre-pandemic days.

Most chief executive officers at large Canadian mining companies received pay raises in 2021, even as the industry’s performance was decidedly mixed.

Two of the world’s biggest convenience-store chains are discussing a deal that would combine BP gas stations, roadside Starbucks, Circle K minimarts and Cumberland Farms grocery stores among a handful of other retail brands.

In private meetings and coaching sessions over the past few weeks, top business leaders have been asking a version of the same question: How can we avoid becoming the next Walt Disney?

Amgen Inc. has been hit with a bill for more than $7 billion in unpaid taxes and penalties from the Internal Revenue Service, the company said Wednesday, the latest salvo in the company’s dispute over back taxes related to its operations in Puerto Rico.

Weibo, China’s equivalent of Twitter, told users on Thursday it would start to publish their IP locations on their account pages and when they post comments, in a bid to combat “bad behaviour” online.

Carvana Co.  financial troubles spilled over into debt markets this week when the online used-car dealer struggled to sell bonds and was forced to turn to Apollo Global Management Inc  for $1.6 billion to salvage the deal.

In a letter to Suncor’s board, Elliott says shareholders have seen their investment lag behind nearly all large-cap North American oil and gas companies.

The 67-year-old Mr. Donald has served as Carnival’s CEO since 2013 and steered the company through the Covid-19 pandemic, which upended the global cruise industry. His departure will leave the S&P 500 with just six Black CEOs among its ranks, according to data tracker MyLogicIQ.

Amazon’s dominance in e-commerce is unparalleled, but traditional retailer Walmart has been gaining ground for years. That script was flipped in India last week, as Amazon followed in the footsteps of a Walmart-owned domestic rival to enter the burgeoning social-commerce space by making a small acquisition.

The owners of JCPenney have made an offer to acquire archrival Kohl’s in a deal that could value the department-store chain at upwards of $8.6 billion, The Post has learned.

Jorg Kukies was here to follow up on a March meeting between Prime Minister Justin Trudeau and Chancellor Olaf Schulz, whom he serves as chief economic adviser. And when he sat down with The Globe and Mail, he suggested that the potential for Canada to provide the low-carbon energy source to Germany is so obvious, “it’s like Economics 101.”