 Your new post is loading...
Today is your last chance to vote for real proxy access at Whole Foods Market Inc. (WFM), unless you plan to attend the meeting in San Francisco tomorrow.
Many hedge funds follow a strategy of shareholder activism, acquiring a block of shares and then campaigning for changes in the target firm. Numerous studies have presented evidence that these campaigns can lead to both short- and long-run improvements in the values of target firms. In our paper, Obstructing Shareholder Coordination in Hedge Fund Activism, which has recently been made publicly available on SSRN, we examine hedge fund activism from a novel perspective. While prior literature has focused on the actions taken by the hedge fund activist in an attempt to increase firm value, it is silent on the impact of target firm defenses in response to activism. We attempt to fill this gap by examining defensive actions that target firms take in response to activism, with a particular focus on actions that impede coordination among shareholders.
A critical factor in how much chief executives are paid isn’t how well their share price performs or how long they run their company. It is who sits at the head of the boardroom table.
It took 16 pages but if there was any doubt that Manitoba was not in favour of a national securities regulator the message came through in the final paragraph
Joao Pedro Reinhard, who stepped down as a director of Colgate-Palmolive and Royal Bank of Canada, was charged last month in Canada with possession of cocaine
The ruling freed lawyers to learn more to support the claim that the 2010 raid on Level Global Investors had resulted from deliberate misrepresentations.
Ontario Securities Commission says its revenues will rise almost 14 per cent in its current fiscal year ending March 31
As United Continental Chief Executive Oscar Munoz gears up for a battle with two of his largest shareholders, he will be able to draw on a similar experience eight years ago, when he was a senior executive at U.S. railroad operator CSX.
In my February 1, 2016 note, The New Paradigm for Corporate Governance, I called attention to the growing evidence that the leading institutional investors were developing a new paradigm for corporate governance. In the new paradigm, these institutions would engage with a company and its independent directors to understand its long-term strategy and ascertain that the directors participated in the development of the strategy, were actively monitoring its progress and were overseeing its execution.
Yahoo Inc (YHOO.O) said it appointed two independent directors, returning the size of its board to nine people as it explores the sale of its core business amid pressure from activist investors.
Jeffrey Bezos, the billionaire founder of Amazon, sees his rocket company Blue taking tourists to space as soon as 2018
United Continental is facing an insurrection among its shareholders — led by the well-regarded former chief executive of Continental Airlines, Gordon M. Bethune.
|
RIA hands untied by Newground Social Investments and SEC's refusal to grant no-action letter to Baker Hughes. Trusted template for RIA help with resolutions
EconoTimes is a fast growing non-partisan source of news and intelligence on global economy and financial markets, providing timely, relevant, and critical insights for market professionals and those who want to make informed investment decisions.
Executive compensation experts were unpleasantly surprised by the settlement in late January of Espinoza v. Zuckerberg, a case challenging the reasonableness of stock awards to Facebook’s non-employee directors. [1] The facts surrounding this settlement create concern that unless a company has a shareholder-approved plan with meaningful limits on both the cash and equity compensation that can be awarded to non-employee directors in a year, it faces a risk of being sued, particularly where the actual amount of compensation gives plaintiffs’ lawyers a credible argument that pay is “above market.”
There are now more than 80 fintech companies in Canada, which have attracted investments of about $1 billion since 2010, according to PwC
Reinhard, 70, former chief financial officer of The Dow Chemical Co., joined RBC’s board in 2000 and served as in independent director
The average hedge fund posted tiny gains last month to beat the broader stock market index, according to new data released on Monday.
Bombardier has been snubbed by the Chicago Transit Authority for a major rail order.
Valeant Pharmaceuticals, scrutinized for its accounting and business practices, gave shareholder Pershing Square a seat on its board.
Concerns about executive pay packages have been raised by market participants and media for nearly the last three decades and, more recently, executive pay structures incentivizing risk-taking have been pointed out as a major cause for the 2008 financial crisis. In response to these concerns, the Securities and Exchange Commission (SEC) adopted a two pronged approach to both better inform investors about executive compensation decisions as well as to give shareholders a say on executives’ pay.
Pershing Square, run by activist investor Bill Ackman, bought a stake in Valeant last year when the drugmaker’s shares were on the rise
The Bank of Canada today announced that it is maintaining its target for the overnight rate at 1/2 per cent. The Bank Rate is correspondingly 3/4 per cent and the deposit rate is 1/4 per cent.
|
Scoop.it!
