President Donald Trump said on Monday that China is ready to come back to the negotiating table and the two countries will start talking very seriously.Politicsread more
The escalating trade war between Washington and Beijing dominated discussions at the G-7 gathering in France.Politicsread more
China's state media is putting up a brave front as the country's trade war with the U.S. escalated sharply over the weekend.China Economyread more
The latest round of tariff announcements in the last few days means that by the end of the year, essentially all Chinese goods exported to the U.S. will be subject to duties.China Economyread more
U.S. stock futures surged Monday morning after President Trump said China is ready to come back to the negotiating table following a phone call Sunday and the two countries...Marketsread more
As Washington and Beijing continue to up the ante in their protracted trade fight, the potential of a recession in the U.S. is now "the biggest concern," according to Standard...US Economyread more
Tensions stemming from the U.S.-China trade war escalated sharply over the last few days, with much happening as Asian markets were shut down for the weekend.China Economyread more
Clouding the G-7 gathering, which represents the world's major industrial economies, are the tit-for-tat tariffs between Washington and Beijing.Politicsread more
Neither the U.S. nor China wants to be seen as the party that derailed trade talks, says William Reinsch of Center for Strategic and International Studies.World Economyread more
China said Friday it will be resuming 25% duties on U.S. autos, and a further 5% on auto parts and components.Asia Marketsread more
World leaders, environmental groups and celebrities have publicly decried the vast swaths of forest being destroyed by the fires.World Newsread more
Amazon's share price jumped more than 60 percent over the past year, but some stakeholders say the company is in need of better governance measures.
At Amazon's annual shareholder meeting on Wednesday, an activist group called SumOfUs plans to fly a plane overhead with a banner reading, "Bezos Needs a Boss." The gimmick is in support of a proposal calling for Amazon to separate the roles of CEO and chairman.
Jeff Bezos, Amazon's founder and the richest person in the world, holds both positions.
"There is a clear conflict of interest when a corporation's board of directors, which is responsible for overseeing the CEO and representing shareholders, is chaired by that same CEO," Lisa Lindsley, capital markets advisor for SumOfUs, said in a statement.
In a separate letter, SumOfUs wrote that Bezos' dual role at Amazon "weakens" its governance and harms shareholder value. Instead, the company should hire an independent board chair to provide "a balance of power" between the CEO and the board, it said.
"The chairman runs the board," the letter said. "How can the CEO be his own boss?"
An Amazon representative wasn't immediately available for comment.
Bezos' position isn't entirely unusual, particularly in tech. Facebook's Mark Zuckerberg and Salesforce's Marc Benioff are both company founders who also serve as CEO and chairman. But SumOfUs said that separating the roles is "the norm" in Europe, and 51 percent of S&P 500 companies also split those positions.
In a proxy filed last month, Amazon's board recommended that investors reject the proposal, claiming that Bezos' current dual role is an asset to the company. It's hard to argue from a shareholder return perspective. The stock has more than doubled since the end of 2016, and Amazon is now the world's second most valuable publicly traded company, behind only Apple.
"The Board believes that Mr. Bezos' role in founding Amazon and his significant ownership stake in the company positions him well to work with the board on the key policy and operational issues that will help the company operate in the longterm interests of shareholders," it said.
Amazon has dealt with a number of protests at its annual shareholder meeting. Last year, for example, a group of Prime Air pilots held a protest demanding higher wages.