Corporate Governance

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Despite Stock Market Highs, 13 Major Dividend Cuts

Investors have a lot to cheer about these days. The bull market is now six years old, the major stock market averages have hit new all-time highs, and most major companies seem ...
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Jamie Dimon Readies J.P. Morgan Investors for Much Larger Dividends Ahead

Jamie Dimon, chief executive and chairman of JPMorgan Chase & Co. (NYSE: JPM), hosted the banking giant's 2015 investors day on Tuesday. While there were many comments defending the bank's ...
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Will New Darden CEO Turn Olive Garden Around?

Darden Restaurants Inc. (NYSE: DRI) announced Monday morning that interim CEO Eugene Lee has been permanently appointed to the role he has held since last October. Lee replaced Clarence Otis, ...
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Did GE Just Become More Activist-Friendly … or Activist-Minded?

General Electric Co. (NYSE: GE) is a company that is so large that it is likely never going to be a takeover candidate. There is a flip side or antithesis ...
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Old CEO, New CEO — Why Nothing Works for Petrobras Shareholders

Petróleo Brasileiro S.A. (NYSE: PBR), or Petrobras, is living up to the fears that investors should have had all along. When the stock rallied on rumors that Grace Foster would ...
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Petrobras Not Seen Better by Investors After CEO and Execs Resign

Petróleo Brasileiro S.A. (NYSE: PBR), or Petrobras, has confirmed the rumors that abounded on Tuesday. It turns out that CEO Grace Foster and five other top executives have resigned from ...
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Lululemon Founder Resigns From Board

Lululemon Athletica Inc. (NASDAQ: LULU) founder Chip Wilson announced on Monday that he is resigning from the company’s board of directors. Wilson resigned as chairman of the board in December ...
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IBM and Avon CEOs in Trouble

As earnings for the final quarter and full year 2014 are released, a second season has also started. Underperforming CEOs at large companies have started to get pushed out by their boards. ...
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CEOs of 2 of 24/7 Wall St.’s Worst-Run Companies Resign

The 24/7 Wall St. "America's Worst Run Companies" story is less than five weeks old. Already the CEOs of two of the eight companies on the list have either resigned ...
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Will Enterprise Discuss Layoffs, Costs or Future Distributions With Earnings?

Enterprise Products Partners L.P. (NYSE: EPD) is set to report its fourth-quarter earnings Thursday morning. The giant master limited partnership (MLP) has an infrastructure and toll road model in the ...
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10 Fired McDonald’s Workers File Civil Rights Lawsuit

In a federal civil rights lawsuit filed in the district court for western Virginia on Thursday, 10 former employees of McDonald’s Corp. (NYSE: MCD) are alleging a pattern of racial ...
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Can IBM CEO Ginni Rometty Survive?

International Business Machines Corp. (NYSE: IBM) board Presiding Director Michael Eskew and his fellow directors have a difficult decision ahead of them. Should they keep CEO Ginni Rometty for another year, or ...
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What Starboard Value Sees in Staples and Office Depot

Starboard Value has long called for the merger of office retailing giants Staples Inc. (NASDAQ: SPLS) and Office Depot Inc. (NASDAQ: ODP). The firm sent an open letter to The ...
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Why Disney CEO Makes $47 Million

The Walt Disney Co. (NYSE: DIS) filed a Schedule 14A definitive proxy statement after markets closed on Friday. The company’s annual meeting is scheduled for March 12, and one of ...
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Will Ocwen Survive Legal Onslaught?

Just when Ocwen Financial Corp. (NYSE: OCN) thought it had made it out of 2014 alive, reality checked back in. California regulators are currently looking to suspend the company’s mortgage ...
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