LONDON/ ZUG, Switzerland, May 16- A shareholder coup at newly merged commodities group Glencore Xstrata ousted its chairman and all former Xstrata directors on Thursday, replacing him with former BP boss Tony Hayward, excoriated for his role in the Gulf of Mexico oil spill.
LONDON/ ZUG, Switzerland, May 16- A shareholder coup at newly merged commodities group Glencore Xstrata ousted chairman Sir John Bond on Thursday, along with all other former directors from Xstrata, replacing him with former BP boss Tony Hayward.
*Elliott will support Hess's five nominees. May 16- Hess Corp will put three directors backed by hedge fund Elliott Management onto its board, settling a months-long feud over the oil company's governance and long-term strategy.
LONDON/ ZUG, Switzerland, May 16- Glencore Xstrata has appointed Tony Hayward as its interim chairman, a source with knowledge of the matter said, propelling the once "vilified" former BP chief executive into the limelight after an unexpected boardroom coup.
May 16- For years, JPMorgan Chase& Co Chairman and CEO Jamie Dimon and other executives have hand-picked new directors, in a practice that is now unusual for a major U.S. bank.
NEW YORK, May 13- Goldman Sachs Group Inc shareholders should vote against the Wall Street bank's executive compensation proposal because the board has "failed to link pay with performance," proxy advisory firm Glass Lewis said in a report on Monday.
May 13- Hess Corp offered hedge fund Elliott Management two seats on its board on Monday, but the activist investor rejected the proposal, calling it a "PR stunt." Hess agreed to strip longtime chief executive John Hess of his chairmanship last week in a bid to show improving corporate governance at the company.
May 10- John Hess is being stripped of his chairman duties at Hess Corp, as the oil and gas company scrambles to avoid an embarrassing defeat by an activist investor. Hess Corp said on Friday that it will separate the roles of chairman and chief executive immediately following its annual meeting next week.