Transocean said shareholders voted out Chairman Michael Talbert at the annual meeting and backed a nominee of Carl Icahn to the board.» Read More
Transocean said shareholders voted out Chairman Michael Talbert at the annual meeting and backed a nominee of Carl Icahn to the board.
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.
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.
Hess and Elliott Management ended a long-running proxy feud, settling on a mix of new directors and putting a battle over the company's strategy behind them.
*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.
It's "nonsensical" to split the role of chairman and CEO at JPMorgan Chase when Jamie Dimon has had such a strong track record, former board member Lawrence Bossidy tells CNBC.
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.
Brian Sullivan, CEO of CTPartners, asks whether the roles of CEO and board member should be split and highlights the importance of having female board members.
Brad Adams, Senior Director and Head of Research at CEB says slowdown worries continue to be the biggest risk in Asia. He talks about ways companies can navigate regional risks.
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.
JPMorgan chief Jamie Dimon is seeking advice from Lloyd Blankfein as he wrestles with the fallout from a big trading loss. Not long ago, he was the one offering guidance.
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.
Stephen Cohen, CEO of the London-based Governance for Owners, could cast the deciding votes as to whether JP Morgan's Jamie Dimon continues his dual role as CEO and chairman.
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.
Hess plans to split the roles of chief executive and chairman, countering efforts by an activist investor to shake up management at the oil and gas producer.
Jamie Dimon's roles as chairman and CEO should not be divided, a management expert tells CNBC, citing JPM's "incredible return" since last year's "London Whale" fiasco.
Former Enron CEO Jeffrey Skilling would be out of prison in 2017—more than 10 years early—under a proposed sentencing agreement submitted to a judge in Houston.
David Eaton, Vice President of Glass Lewis, explains his firm's call for JPMorgan to split Jamie Dimon's dual Chairman-CEO role.