Saturday May 18, 2013
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    Boardroom News
    Jobless Claims Jump
    May 17, 2013

    Initial unemployment benefit claims rose 32,000, the biggest jump since November.

    Corporations Urged to Adopt the Rooney Rule in Black Hiring
    May 17, 2013

    A group of 30 executives and directors is calling on corporations to agree to interview at least two black and Hispanic candidates before filling every top job and board position.

    JPMorgan Marshals Support for Dimon
    May 17, 2013

    JPMorgan Chase sent a letter to shareholders urging them to reject a proposal to split Jamie Dimon's chairman and CEO roles.

    Good Corporate Governance Cannot Be Legislated for, Survey Shows
    May 17, 2013

    A drive to encourage adoption of best practices is more effective than legislation, 77 percent of delegates of a corporate governance event being held in Dublin said.

    Golden Parachutes Face Clampdown
    May 17, 2013

    Golden parachute pay packages may face greater shareholder scrutiny in the EU if proposals to stem excessive rewards are enacted.

    Glass Lewis Tells Schwab Holders to Vote ‘No’ on Executive Pay
    May 17, 2013

    Glass Lewis & Co. urged Charles Schwab shareholders to vote against the company's executive-compensation plan, which they say is not sufficiently linked to performance.

    Ex-CEO Sues Tuesday Morning
    May 17, 2013

    Former Tuesday Morning CEO Kathleen Mason is suing the company, alleging she was discriminated against after developing breast cancer.

    Apple CEO Tim Cook to Propose Tax Overhaul
    May 17, 2013

    Apple CEO Tim Cook plans to propose a "dramatic simplification" of corporate tax laws in his testimony before Congress next week.

    Proposal to Overhaul Lease Accounting Revised
    May 17, 2013

    Accounting rulemakers issued a revised lease accounting proposal, aiming to require companies to require all but the shortest leases on their balance sheets as obligations akin to debt.

    China Cuts Red Tape as Premier Li Shows Stimulus Reluctance
    May 17, 2013

    A total of 117 investment projects will no longer need pre-approval from the Chinese economic planning agency.

    Japan PM Sets Targets in Latest Growth Strategy Tranche
    May 17, 2013

    By Kaori Kaneko TOKYO (Reuters) - The latest tranche of Japan's growth strategy will aim to triple infrastructure exports and double farm exports by 2020, as well as boost private investment, Prime Minister Shinzo Abe said on Friday. The governmen...

    How Elliott, Hess Settled Bitter Proxy Battle
    May 17, 2013

    Hess gave the activist hedge fund Elliott Management three board seats in exchange for the fund’s support of the company’s slate of five directors.

    BP Ex-CEO to Take Helm at Mining Giant
    May 17, 2013

    Mining and commodities trading giant Glencore Xstrata said it has appointed former BP Chief Executive Tony Hayward as its interim chairman until a permanent candidate can be found.

    Facebook’s Stock At Its IPO Anniversary
    May 17, 2013

    It has now been one year since Facebook CEO Mark Zuckerberg rang the bell to open trading on Nasdaq from Menlo Park, Calif., flanked by his cheering chief operating officer, Sheryl Sandberg, and a smiling Robert Greifeld, Nasdaq’s CEO, who was wearin...

    ABN AMRO Cuts 400 Jobs as Prepares for Eventual Sale
    May 17, 2013

    AMSTERDAM (Reuters) - State-owned Dutch bank ABN AMRO is to cut 400 jobs, about 2 percent of its workforce, as it prepares for an eventual sale. The bank, which on Friday posted first-quarter results hit by bad loans in its home market, said the cuts a...

    How An Online Reputation Can Hurt Your Job Hunt
    May 17, 2013

     This is a guest post by Chris Forman, CEO of the online job-search organizer StartWire. His last article for FORBES was "Make Your Age An Asset: 7 Job-Search Tips If You're Over 50."

    J.C. Penney Chief Restoring Old Strategies
    May 16, 2013

    The department store chain’s former chief executive, who is now its new chief executive, is reinstating old pricing and promotion policies to lure alienated customers back through its doors.

    Dell’s Profit Dives as Billionaire Battle Rages On
    May 16, 2013

    By Poornima Gupta and Edwin Chan SAN FRANCISCO (Reuters) - Dell Inc, the subject of a takeover battle between activist investor Carl Icahn and the company's billionaire founder, reported a 79 percent slide in profit as personal computer sales cont...

    Caterpillar Settles With Principals Of Troubled Chinese Acquisition
    May 16, 2013

    Ever since Caterpillar jolted investors in January with a $580 million write down of a troubled Chinese acquisition, questions have lingered over its debt obligations. Caterpillar alleged that Siwei, a mining-equipment firm in Zhengzhou, had false...

    Sony Investor Loeb Irks Pictures Division
    May 16, 2013

    Executives at Sony's entertainment arm bristled at an activist investor's suggestion that it lags its peers in the film, television and music businesses.