THREE SHAREHOLDER groups, thought to be linked to Gazprom, the Russian oil and gas giant, last week took control of BorsodChem, ousting five of the seven members of its board. The three groups--Vienna Capital Partners VCP together with its ...
US shareholder rights groups lashed out at new corporate governance rules issued by the Nasdaq stock market on Friday, the first such changes issued since Enron's collapse. The new Nasdaq rules cover two main areas: the rights of shareholders to vote US shareholder rights groups lashed...
After hearing from a growing contingent of disgruntled shareholder groups calling for his resignation, Harry Gruber, CEO at Kintera Inc., gave up his roles as chairman of the board and president on Feb. 9. But that may not be enough to satisfy the ...
Byline: Joe Truini Dell Computer Corp. has collected more than 70 tons of scrap electronics during the first two stops of its five-city national tour as shareholder groups push initiatives to encourage computer makers to develop recovery and ...
SEOUL, Dec 4 Asia Pulse - Two minor Hyundai Elevator (KSE:017800) shareholder groups today announced their intention to seek a court injunction against the company's earlier decision to make a rights offering against their interests. SEOUL, Dec 4 Asia Pulse - Two minor Hyundai...
Molson Inc and Adolph Coors Company have finally completed the transaction that will see them merge to become the world's fifth largest brewer. "Molson Coors Brewing Company is a new global brewing company with the operating scale and balance sheet strength to be a major player in the continuing consolidation...
It doesn’t take a scientific survey to know there are lots of unhappy stockholders in America this spring – plunging share prices. These days, however, shareholders don’t have to wait for the annual meeting to vent their frustrations. There is no way to be certain that the results were not...
By Joseph R. Perone, The Star-Ledger, Newark, N.J. Knight Ridder/Tribune Business News By Joseph R. Perone, The Star-Ledger, Newark, N.J. Knight Ridder/Tribune Business News
Employee ownership is a hot issue these days. Headlines tout the pros and cons of stock options in a volatile market. On Capitol Hill a congressional subcommittee considers legislation creating "super stock options" that would reduce the taxes employees pay on the options they exercise. The measure would no doubt...
Global energy demand will grow 40% between this year and 2020, and 60% of the demand that year will be satisfied by oil and gas, according to ExxonMobil. Oil and gas will remain the oil giant's investment focus, a stance that angers shareholder groups Global energy demand...
Ever since the Enron-era scandals, boards have been becoming more independent, better-organized and tougher on management. Without a doubt, much of that has been necessary. But the great risk is that boards overshoot their core mission and discourage executives from taking risks. This is the heart of...
Wal-Mart Chief Executive Lee Scott and his management team have made a courageous decision--to spend $860 million to acquire the remaining shares of Seiyu Ltd., the Japanese retailer, that the American company doesn't already own. Wal-Mart has previously spent more than $1 billion to acquire a 51 percent stake in...