President Joe Biden has pledged to veto another change to the rules that dictate how much retirement-fund managers, including for 401(k)s and pensions, consider climate change, corporate board diversi...
Tag: Corporate governance
Nordstrom stock pulls back after rocketing on reported Ryan Cohen stake
Nordstrom Inc.’s stock pulled back before Monday after surging last week following a report that activist investor Ryan Cohen is taking a large stake in the retailer. The company’s stock, which ended ...
Who Decides How Woke Corporations Should Be?
Tumelo’s software takes fund managers out of the ideological crossfire, making it easier for common shareholders to have a say on diversity, the environment and workplace conditions. Georgia Stewart, ...
Amarin and ViewRay Stock See Action From Activist Investors
These disclosures are from 13Ds filed with the Securities and Exchange Commission. 13Ds are filed within 10 days of an entity’s attaining more than 5% in any class of a company’s securities. Subsequen...
Freshpet and Peabody Energy Stock See Action From Activist Investors
These disclosures are from 13Ds filed with the Securities and Exchange Commission. 13Ds are filed within 10 days of an entity’s attaining more than 5% in any class of a company’s securities. Subsequen...
Avaya Veers Toward Bankruptcy Filing
Avaya Holdings Corp. is nearing a chapter 11 bankruptcy filing to restructure its balance sheet as it looks to turn around its business and move past problems surrounding the company’s accounting, peo...
From Disney to Target, Boeing, CEO retirements are a thing of the past
SUN VALLEY, ID – JULY 13: (L-R) Bob Iger, chairman and chief executive officer of The Walt Disney Company, Dick Costolo, former chief executive officer of Twitter, Lachlan Murdoch, co-chairman o...
IRobot and Acrivon Stock See Action From Activist Investors
These disclosures are from 13Ds filed with the Securities and Exchange Commission. 13Ds are filed within 10 days of an entity’s attaining more than 5% in any class of a company’s securities. Subsequen...
Lions Gate Entertainment and New Relic Stock See Action From Activist Investors
These disclosures are from 13Ds filed with the Securities and Exchange Commission. 13Ds are filed within 10 days of an entity’s attaining more than 5% in any class of a company’s securities. Subsequen...
Evans Bancorp and Envestment Stock See Action From Activist Investors
These disclosures are from 13Ds filed with the Securities and Exchange Commission. 13Ds are filed within 10 days of an entity’s attaining more than 5% in any class of a company’s securities. Subsequen...
Macau Under Spotlight Amid U.S. Inspections of China-Based Audits
A recent agreement between Washington and China allowing U.S. accounting regulators to inspect China-based audits is raising questions about the role of unregistered auditors in the Chinese gambling e...
Carl Icahn, Others Clean Up on Musk’s Twitter About-Face
Elon Musk’s decision to end his war with Twitter isn’t just a big win for the social-media company, but also for some big-name investors like Carl Icahn. Mr. Icahn quietly amassed a Twitter stake of w...
What if Musk loses the Twitter case but defies the court?
Twitter TWTR, -2.97% wants a Delaware court to order Elon Musk to buy the social media service for $44 billion, as he promised back in April. But what if a judge makes that ruling and Musk balks? The ...
Audits of Chinese Companies Start to Face U.S. Inspections
Updated Sept. 22, 2022 3:45 pm ET Listen to article (2 minutes) U.S. regulators have started inspecting China-based audits, kicking off a monthslong process that will determine whether companies from ...
IRobot and Tabula Rasa Stock See Action From Activist Investors
Text size These disclosures are from 13Ds filed with the Securities and Exchange Commission. 13Ds are filed within 10 days of an entity’s attaining more than 5% in any class of a company’s securities....
Hill International and Rapid Micro Biosystems Stock See Action From Activist Investors
Text size These disclosures are from 13Ds filed with the Securities and Exchange Commission. 13Ds are filed within 10 days of an entity’s attaining more than 5% in any class of a company’s securities....
Alibaba and JD.com Stocks Are Rising. Let the U.S. Audits Begin.
Text size Investors in Alibaba and other U.S.-listed Chinese stocks crave regulatory clarity. Greg Baker/AFP via Getty Images Shares of Alibaba and JD.com were rising Wednesday following a report that...
Tether Says Audit Is Still Months Away as Crypto Market Falters
This year’s slump in digital assets is pressuring crypto companies to show investors that their money is safe. So far, they haven’t delivered. Many crypto companies lack the basic financial guardrails...
China’s GigaCloud Goes Public in U.S., Bucking Delisting Trend
E-commerce company GigaCloud Technology made its debut on the Nasdaq Stock Market on Thursday, a rare instance of an initial public offering by a Chinese company in the U.S. as the two countries head ...
Elon Musk Says Only Two Things Could Make Him Leave Tesla
Elon Musk enjoys and cultivates celebrity status as the CEO of Tesla (TSLA) – Get Tesla Inc. Report. He is the rare CEO since Apple’s (AAPL) – Get Apple Inc. Report Steve Jobs to r...
SEC Adds Alibaba to List of Chinese Companies Facing Delisting
NEW YORK—The U.S. Securities and Exchange Commission on Friday added Alibaba Group Holding to a list of Chinese companies at risk of being delisted from the U.S. exchanges if their auditors can’t be i...
Meta Scrutinizing Sheryl Sandberg’s Use of Facebook Resources Over Several Years
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Carl Icahn Dropping Proxy Fight Over Pig Treatment at Kroger
Carl Icahn is dropping a proxy fight focused on the treatment of pregnant pigs at grocery-chain Kroger Co. after concluding he is likely to lose as he did a similar fight at McDonald’s Corp. last mont...
Opinion: Dump Buffett as Berkshire’s chairman? That’s exactly what’s wrong with so many shareholder proposals this year
This coming weekend, Warren Buffett hosts his famed annual meeting of Berkshire Hathaway BRK.A, -1.66% BRK.B, -1.87% shareholders in Omaha, Neb. The event is expected to draw tens of thousands live an...
Jack Dorsey Follows Elon Musk in Dropping CEO Title (For Something Ridiculous)
Inflation may be burning up the charts. Twitter’s (TWTR) – Get Twitter, Inc. Report fate may be hanging in the balance. The world may be lurching towards a once unthinkable confrontation...
Twitter Bid: Musk and Dorsey Form Unexpected Alliance
Elon Musk and Jack Dorsey appreciate each other and do not hide it. You could even say they are buddies. The two billionaires have many things in common. They are both bitcoin evangelists. Tesla (TSL...
Elon Musk May Have Nasty Surprises for Twitter Soon
Investors have become accustomed to Elon Musk, Tesla’s (TSLA) – Get Tesla Inc Report chief executive, making spectacular announcements. He has a knack for surprising them when they least...
Elon Musk Is Suddenly Twitter’s Largest Shareholder: Here’s a List of the Top 10 Holders
In 2021, billionaire CEO Elon Musk reached several milestones across Tesla, SpaceX and Starlink. WSJ reporters Rebecca Elliott and Micah Maidenberg break down some of his biggest moments in 2021 and w...
Soft landing? Activist investor Carl Icahn sees ‘recession or even worse’ ahead for the U.S.
“I really don’t know if they can engineer a soft landing.” That was activist investor Carl Icahn, pouring cold water on recent comments by Federal Reserve Chairman Jerome Powell who said that despite ...
Women gain ground in the boardroom, holding 29% of director seats in 2022
Thomas Barwick | Stone | Getty Images Less than a third of corporate board seats are now held by women, despite evidence that has shown that gender diversity in boardrooms can lead to higher credit ra...
Carl Icahn Exits Occidental Petroleum After Nearly Three Years
Carl Icahn exited a big bet on Occidental Petroleum Corp. , selling the last of what was once a roughly 10% stake in the oil-and-gas producer as its shares surge. Mr. Icahn, who had been cutting the p...
FedEx stock enjoys biggest one-day gain in 36 years after raising dividend more than 50% in agreement with activist investor
FedEx Corp. stock soared 14.4% Tuesday for the biggest one-day gain in about 36 years, after the company raised its quarterly dividend by 53% as part of a new agreement with activist investor D.E. Sha...