Corporate Governance

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The Argument for IBM Firing Ginni Rometty

Ginni Rometty, the CEO of International Business Machines Corp. (NYSE: IBM), had little to say as the tech company produced horrible earnings: We are disappointed in our performance. We saw ...
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Sears Announces Rights Offer and Leasing Deal

Two announcements Monday morning from Sears Holdings Corp. (NASDAQ: SHLD) are intended to put some cash in the company’s coffers, but in quite different ways. Sears will commence a rights ...
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Walmart’s Mexico Chief to Leave Next Year

The CEO of Wal-Mart de Mexico, widely known as Walmex, the publicly traded arm of Wal-Mart Stores Inc. (NYSE: WMT), will step aside next year, according to reports. Scot Rank ...
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Gap to Hire More Seasonal Holiday Workers Than Walmart!

Gap Inc. (NYSE: GPS) may have recently said that star CEO Glenn Murphy would not renew his contract with the company and will retire in February, but Gap and its ...
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Herbalife Throws Distributors’ Websites Under the Bus

While nutrition and weight loss company Herbalife Ltd. (NYSE: HLF) says it is confident that the multi-level marketing firm won’t be shut down, it is not taking a lot of ...
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J.C. Penney Names Mike Ullman Succession Plan: Meet the New CEO

J.C. Penney Co. Inc. (NYSE: JCP) had its analyst meeting just last week, and CEO Mike Ullman said he would remain on as long as the company wanted him to. ...
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Analysts Take Very Mixed View of Sudden AMD CEO Change

Advanced Micro Devices Inc. (NYSE: AMD) has not handled very well to the sudden and unexpected news that Rory Read is stepping down as chief executive of AMD. While the ...
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Gap CEO to Depart — the Announcement

Stock down 9%: Gap Inc. today announced that Art Peck, the president of its Growth, Innovation and Digital division, has been selected by the Board of Directors to succeed Glenn ...
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CEO Change at AMD Announced Without Much Explanation

Advanced Micro Devices Inc. (NYSE: AMD) has made a significant, and somewhat unexpected, management change and succession plan. The processing and graphics company announced that Rory Read has stepped down ...
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Will Tesla Offer Used Cars?

Tesla Motors Inc. (NASDAQ: TSLA) is set to release its Model X crossover next year and a third new model (the Model D?) may follow the year after that. But ...
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RadioShack Long-Term Problems Kill Financing Optimism

Last Thursday, RadioShack Corp. (NYSE: RSH) reached an agreement with a group of lenders led by hedge fund Standard General to refinance some $590 million in RadioShack debt, giving the ...
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Hewlett-Packard Split: This Time Is Different?

The rumors that hit the wires this past weekend have been confirmed Monday morning. Hewlett-Packard Co. (NYSE: HPQ) has announced that it will separate into two new publicly traded companies: ...
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Rough Market Week Brings High-Profile Insider Buying

Despite the solid day on Friday due to a much higher than expected jobs report, the market had one of the worst weeks since the early August sell-off. Often insiders ...
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Insider Selling Jumps as Market Volatility Highest Since Summer

The good day on Friday notwithstanding, market volatility jumped this past week to the highest level in almost two months. The volatility indicator, or VIX as it is known, declined ...
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RadioShack Gets a Lifeline

Late Thursday night, Bloomberg reported that RadioShack Corp. (NYSE: RSH) had reached an agreement with a group of lenders led by hedge fund Standard General to refinance some $590 million ...
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