 Your new post is loading...
Sumner Redstone's Viacom salary was eliminated on Wednesday, reflecting the board's increasing concern about corporate governance
On May 3, the SEC approved rule amendments that will make it easier for many private companies to remain private, and easier for some public financial companies to terminate their SEC reporting obligations. With the adoption of these amendments, the SEC has completed the rulemaking mandated by Congress under the JOBS Act of 2012.
Goldman Sachs $GS GS. Vote proxy AGAINST pay, compensation committee. FOR end end to accelerated vesting, bad vote counting and move to independent chair.
Venture capital surged to a new record in the first quarter while private equity investment contracted modestly on the back of declining oil and gas activity
A wide body of literature emphasizes that venture capitalists focus on young private companies, generally in high-tech industries. However, contrary to this notion, we find that 29% of the firms that were backed by VCs prior to the IPO received additional VC funding within the first five year
Activist investment firm Corvex Management LP disclosed a stake in Pandora Inc., expressing concern about its stock price and calling for the Internet radio company to consider a sale.
We recently published a paper on CEO compensation and value sharing between executives and shareholders. The paper is available here. CEO compensation is a controversial subject that evokes considerable debate on whether public company CEOs are paid correctly relative to corporate performance.
Corvex Management, the hedge fund run by Keith Meister, is pressing Pandora Media Inc.’s management to explore a sale, saying that the Web-radio provider hasn’t been able to boost returns for shareholders even though it has a “great product.”
Earlier this month, mega-cap oil refining corporation Phillips 66, also known for its Conoco and “76” gas stations, put forward an amendment to its charter, the central document establishing the internal rules of the corporation. The board of directors and management of Phillips 66 supported and recommended the change. At the company’s annual meeting, more than 98% of the votes cast were in favor of the amendment. But the amendment failed. The company’s charter is frozen.
While companies devote considerable effort to creating and managing social media presences, little is known about how they use social media to communicate financial information to investors. This report examines the use of social media by S&P 1500 companies to disseminate financial information and the response from investors and traditional media.
Even when big managers turn in underwhelming results, fees ensure they make a fortune.
|
Corporate information that moves stock-market prices has long sat at the center of modern securities regulation in the United States. The Great Depression-era securities laws at the foundation of the field require much mandatory disclosure of this type of information.
Employers preparing for a new federal overtime-pay regulation say the change will lead them to slow hiring, reduce workers’ hours and cut pay, bonuses and benefits.
On May 5, 2016, the Consumer Financial Protection Bureau (CFPB) released a 377-page notice of proposed rulemaking that would prohibit, going forward, banks and a variety of other companies from including in contracts arbitration clauses that would prevent consumers from filing or participating in class-action litigation.
In my article SPOE + TLAC = More Bailouts for Wall Street, which was recently published in the Banking & Financial Services Policy Report, I discuss a new strategy that the Federal Reserve Board (Fed) has proposed for dealing with failures of global systemically important banks (G-SIBs). My article points out a number of serious shortcomings in the Fed’s proposal and argues that significant reforms must be made before the plan is implemented.
The filing by the DOJ of a complaint in federal court on April 4, 2016 against ValueAct—claiming that ValueAct’s purchase of shares of two public companies violated the HSR Act’s notification and waiting period requirements and seeking $19 million in civil penalties (based on the $16,000 per day penalty provisions of the HSR Act)—has the potential to have an immediate impact on the tactics used by brand name “activist hedge funds,” such as ValueAct, to accumulate shares without prior notice to either the issuers in question or the market generally.
A group of hedge funds have formed a new lobbying arm to promote the benefits of shareholder activism across the U.S. economy, as U.S. politicians turn up the heat on activist investors.
Billionaire trader Carl Icahn sold out of several of his positions in the first quarter, moves that came as the investor has warned he’s pessimistic on the stock market.
Activist investor Voce Capital Management says management at FBR is being concentrated into fewer hands, and will soon be beyond the ability of investors to influence.
The SEC announces it has awarded more than $5 million to a whistleblower, its third highest award to date.
FirstEnergy's board of directors is facing four proposals Tuesday at the company's annual meeting from activist shareholders demanding to know how much the company spends on lobbying, what the financial risk of hanging onto old coal plants is and rule changes leading to more democratic elections of company directors. The results are non-binding but over time do often lead to significant changes.
Capital requirements are an important tool in the regulation of financial intermediaries. Leverage amplifies shocks to the value of an intermediary’s assets, increasing the chance of distress, insolvency, and costly bailouts. Following the recent financial crisis, prominent economists and policy makers have called for a substantial increase in capital requirements for financial intermediaries. Nevertheless, proposals to increase capital requirements face fierce and successful opposition from financial intermediaries, apparently driven by their private costs of capital requirements. Despite the central role of these costs in shaping the regulation, they have not been measured empirically.
U.S. hedge fund Livermore Partners wants Entertainment One Ltd to add directors with more industry and financial expertise, the fund's top executive said on Tuesday, in its latest bid to spur changes at the Canadian media company.
|
Scoop.it!
