Since Valeant and Pershing Square offered to buy Allergan on April 22, Allergan has consistently rejected their offer, saying it undervalues the company. "We believe Valeant and Pershing Square are conducting a fishing expedition for their own purposes and contrary to the best interests of Allergan stockholders," Allergan's spokesman said on Monday.» Read More
I am currently reporting on the ground from the Asia region, after spending last week in Europe. I am also hosting the CNBC Asia Business Leadership Awards show this Thursday, which will be broadcast live around the world.
Universal scrutiny has brought the need for a fundamental change in corporate culture. I define that change as the necessity of bringing the whole person into the management enterprise, not just the part of the person educated in business, writes the author.
The corporate glass ceiling remains firmly in place at companies based in California, according to a study released Wednesday.
High credit default rates and consumer debt will cause the US economy to recover at a slower pace than it did after previous economic downturns, said Steve Schwarzman, CEO of private equity firm The Blackstone Group.
American Express has seen a consistent improvement in write-off rates and 30-day past due, Kenneth Chenault, American Express chairman and Ceo, told CNBC Tuesday.
Of the 23 million small businesses in this country, 60-70% are family-owned. That’s where most of their problems start—with the rest of the family, writes author George Cloutier who has some tough love for family business owners.
It is abundantly clear that we are at the beginning of an economic recovery, with many positive signs from U.S. companies and from abroad. While the recession may have ended – officially – this is likely to be a jobless recovery.
The client worked for a Fortune 100 company, determined to change the leadership style of the top thousand executives. My job, as part of that change, was to facilitate a series of leadership workshops. The client expected the worst. These execs would resist everything - the change, the workshop, me.
Tom Staggs, the company's long-time Chief Financial Officer, will become Chairman of the Parks and Resorts division. The chairman of the Parks and Resorts division, Jay Rasulo will take his role of Chief Financial Officer.
U.S. President Barack Obama ranked at the top of the list of the world's most powerful people, according to Forbes.
For those of you in HR charged with hiring from a workforce of Americans whose parents never told them they were stupid for some boneheaded move—they just made "poor choices"—you can appreciate new survey results from CareerBuilder. The job Web site asked nearly 3,000 hiring managers for the most unusual requests they've received from employees.
In a memo to the company's employees, AIG CEO Robert Benmosche said Wednesday that he and the board remain "totally committed" to leading AIG.
How many of us, faced with a major challenge, begin with the assumption we should go it alone, ask Rodd Wagner and Gale Muller, Co-Authors of the new book, "Power of 2."
Robert McCann, UBS Wealth Management Americas CEO, successfully brought four former Bank of America-Merrill Lynch senior managers with him to UBS, but it will be difficult for him to poach any more talent from his former firm, sources close to the matter told CNBC.
Brook Barnes front page article in NY Times, “After Mickey’s Makeover, Look for a Little Less Mr. Nice Guy” is a dead ringer not only for a Mickey Mouse makeover, but for the majority of people in their business and personal lives.
Nearly a year after leaving Bank of America under a cloud of controversy involving massive losses, executive bonuses, and lavish office decorating, former Merrill Lynch CEO John Thain is set to emerge from his self-imposed seclusion Thursday at a hedge fund event in Greenwich, Conn.
Stocks for the long run no longer holds. Coming off a difficult decade for the returns of the S&P 500, pundits have cooled their outlook for future returns. This is consistent with the inside view, but is this thinking the makings of a bad decision?
Business air traffic is starting to stabilize, said Larry Kellner, CEO of Continental.
Anthony Viceroy, President of Global Operations, Porter Novelli writes, "Upon peering into its crystal ball late last year, the Economist dubbed 2009 "The Year of the CFO" — which sounds like a pretty exciting prospect for a guy like me. But in its article, the magazine went on to posit, “Recession, credit crunch and the increasingly complex nature of global companies will all play directly into the bean counter’s hands......that’s harsh"
Embattled Bank of America CEO Ken Lewis agreed to give up his $1.5 million salary and other compensation for 2009. Lewis will repay the bank the more than $1 million that's been paid to him so far this year.
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