Thursday February 9, 2012
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Boardroom News
Pace of mergers set to pick up, says PwC
February 8, 2012

Shareholder pressure to spend excess cash to create returns are likely to spur M&A activity in the second half of 2012, finds a recent PriceWaterhouseCoopers Industrial Products study.

AIG reviewing succession as chairman takes new job
February 8, 2012

AIG's planned CEO successor and Chairman Steve Miller will become Hawker Beechcraft's CEO, prompting the company to review its succession plans to replace CEO Bob Benmosche should he be unable to continue with his job.

Study: Carbon disclosure raises stock prices
February 8, 2012

Companies that voluntarily release press releases disclosing carbon emission information have significant stock price increases in the following days, finds a newly released University of California study.

Turkish commercial code likely to enhance corporate governance overall
February 8, 2012

The new Turkish Commercial Code, scheduled to go into effect in July, is expected to improve disclosure levels and increase corporate transparency.

Apple under pressure over board elections
February 8, 2012

Apple is facing shareholder pressure at its annual meeting this month to adopt majority voting standards.

California pension fund challenges Facebook over diversity on board
February 8, 2012

CalSTRS Director of Corporate Governance Anne Sheehan has called on Facebook CEO Mark Zuckerberg to increase the company's boardroom diversity.

IBM’s new CEO is earning less than her peers
February 8, 2012

New IBM Chief Executive Virginia Rometty is being paid $1.5 million a year, less than her peers in the computing industry.

Isenberg forfeits rights to $100m payment
February 8, 2012

Nabors Industries Chairman and former CEO Eugene Isenberg will resign in June, forfeiting his rights to a $100 million payment.

Criticism mounts of SEC’s plan to stabilize $2.7 trillion industry
February 8, 2012

The SEC will announce a two-part plan in the coming weeks to stabilize the $2.7 trillion money-market fund industry.

Concession smooths way toward a Greek deal
February 8, 2012

The ECB made key concessions over its holdings of Greek bonds, which will contribute to a reduction of the country's debt burden and smooth the path toward a new bailout.

BP raises dividend on profit increase
February 8, 2012

BP raised its dividend for the first time since it resumed payouts in the wake of the Deepwater Horizon tragedy, as the U.K. energy giant reported earnings that beat expectations.

Young CEOs: Are they up to the job?
February 8, 2012

It's creativity vs. experience as a new flock of leaders take their companies to public markets.

UBS will slice 60% from bonuses
February 8, 2012

UBS said it will slash its investment-bank bonuses for 2011 by 60%, while the head of the unit will forgo any bonus following a trading scandal in September that cost the bank $2.3 billion.

Yahoo board shaken up in a push for revival
February 7, 2012

Four directors will not stand for re-election, giving Yahoo, which is under pressure from shareholders to improve returns, a fresh start to revive its fortunes.

Big year for tech mergers
February 7, 2012

Cisco Systems estimates that this year will see a drive for technology M&A this year to prepare for massive data demands in years to come.

Webster to exit from InterContinental
February 7, 2012

David Webster has decided to step down from his position as chairman of InterContinental Hotels Group.

Bumi move to oust Rothschild will improve board, Bakrie says
February 7, 2012

Bakrie Group has proposed replacing Bumi directors, including founder Nathaniel Rothschild, but proposals to establish a dedicated CEO and CFO in London have raised some questions.

Magna unveils new corporate governance
February 7, 2012

Magna International is adopting a number of corporate governance enhancements, including director education requirements.

Corporate directors show youth
February 7, 2012

One hundred people aged 31 or younger joined public company boards between 2008 and 2011, finds an analysis by Institutional Shareholder Services for the Wall Street Journal.

Study shows fewer CEOs collecting bonuses, incentives, perks
February 7, 2012

The number of companies offering CEO perquisites fell to 61.5 percent from 89.8 percent in 2009, finds Compdata's newly released executive compensation survey.