Corporate Governance - Page 2

Venezuela Nationalizes GM Plant, Company Quits the Country

General Motors Co. (NYSE: GM) has shut down operations in Venezuela following the government's seizure of the GM plant in Carabobo on Wednesday. In a statement, the company said it ...
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Kleinfeld Out as Chairman, CEO of Arconic

The high-tech engineering and manufacturing firm hived off from Alcoa last year, Arconic Inc. (NYSE: ARNC), announced Monday morning that Chairman and CEO Klaus Kleinfeld has resigned both positions, along ...
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SEC Issues Charges Against Underwriter for Gatekeeper Failures

The U.S. Securities and Exchange Commission (SEC) recently announced that an Arizona-based brokerage firm, its CEO and its former underwriter’s counsel have agreed to settle charges related to municipal bond ...
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Boeing Creates Venture Fund, Invests in 2 Aerospace Firms

Joining a stampede of established, large-cap firms, Boeing Co. (NYSE: BA) announced Wednesday morning that the company has created an "innovation cell" to invest in a variety of "potentially transformative ...
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Can Tronc Hit Its Revenue Goal of $1.6 Billion?

In the midst of a battle between its two largest shareholders, the critical question of whether Tronc Inc. (NASDAQ: TRNC) can reach its 2017 revenue guidance of $1.6 billion has ...
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SEC Halts Chicago Firm’s Fraud Targeting Seniors

The U.S. Securities and Exchange Commission (SEC) recently announced an emergency asset freeze and temporary restraining order against a Chicago-based investment adviser and his financial management company. The firm is ...
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SEC Uncovers Boiler Room Scheme in Florida Firm

The U.S. Securities and Exchange Commission (SEC) recently announced charges against a Florida-based company, its chief executive and its top sales agent in regards to conducting a boiler room scheme that ...
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Gannett Share Price Shows Doubts About New Tronc Bid

Gannett Co. Inc.'s (NYSE: GCI) share price has stayed relatively steady since a battle broke out between the two largest shareholders of Tronc Inc. (NASDAQ: TRNC), which Gannett tried to ...
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Why Iger’s Contract Extension With Disney Matters

In a filing this morning with the U.S. Securities and Exchange Commission (SEC), Walt Disney Co. (NYSE: DIS) said it has extended Chairman and CEO Robert Iger's contract from a ...
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Stock Market Ignores War Between Big Tronc Shareholders

There is a war for control of newspaper publisher Tronc Inc. (NASDAQ: TRNC). It pits Tronc's two largest shareholders against one another. Whether or not the speculation about the fight ...
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Analyst Sees Little Impact as Google Advertisers Suspend YouTube Ads

Alphabet Inc. (NASDAQ: GOOGL) is caught in a bind between some major advertisers and some of the content creators it depends on to attract a younger audience. Telecom giants AT&T ...
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Tronc Vice Chair Soon-Shiong to Leave Board

Tronc Inc.'s (NASDAQ: TRNC) Vice Chairman Patrick Soon-Shiong will not stand for reelection, according to a list of directors in the current company proxy statement. The statement also shows he ...
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Chipotle Board to Lose 4 More Directors

Under pressure from activist investor Bill Ackman and his Pershing Square Capital Management fund, Chipotle Mexican Grill Inc. (NYSE: CMG) in December expanded its board of directors from nine to 12 ...
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Silicon Valley Insider Trader Busted Ahead of Failed Merger

The U.S. Securities and Exchange Commission (SEC) recently announced that an auditor based out of Silicon Valley has agreed to settle insider trading charges. He is being accused of trading ...
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Is Valeant Finished Now That Ackman Is Out of the Picture?

Valeant Pharmaceuticals International Inc. (NYSE: VRX) saw its shares hit a multiyear low on Tuesday after it was announced that Bill Ackman would be selling off his stake in the ...
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