Friday February 10, 2012
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Boardroom News
Dubow gets $14.7m disability package
January 31, 2012

Former Gannett Chairman and CEO Craig Dubow received a $14.7 million disability package following his back surgery and subsequent resignation.

Putin calls for decreased state involvement in corporations
January 31, 2012

Russian Prime Minister Vladimir Putin has called for government to reduce its stake in state-owned companies and increased innovation and competition.

Valeant pulls bid for ISTA Pharmaceuticals
January 31, 2012

Valeant Pharmaceuticals has withdrawn its takeover bid for ISTA Pharmaceuticals, citing a lack of progress.

Exxon selling Japan unit for $3.9b
January 31, 2012

Exxon Mobil will sell its Japanese refining and marketing business to TonenGeneral Sekiyu.

Leaders of Euro Zone agree on closer union; still no deal to reduce Greek debt
January 31, 2012

A "historic" pact was reached amongst 25 European Union governments to move to a closer fiscal union and approved a permanent euro bailout fund.

Novartis CEO Looks to Mitigate Currency Risk
January 31, 2012

Currency volatility will be a fact of life for at least the next five years and companies need to prepare strategies for protecting themselves against that risk, said Novartis Chief Executive Joe Jimenez.

Novartis CEO Looks to Mitigate Currency Risk
January 31, 2012

Currency volatility will be a fact of life for at least the next five years and companies need to prepare strategies for protecting themselves against that risk, said Novartis Chief Executive Joe Jimenez.

Groupon CEO takes on critics
January 31, 2012

Groupon Chief Executive Andrew Mason wants to prove his company is worth the fuss after its roller-coaster ride to an initial public offering last year.

Groupon CEO Takes On Critics
January 31, 2012

Groupon Chief Executive Andrew Mason wants to prove his company is worth the fuss after its roller-coaster ride to an initial public offering last year.

Apple names European exec to head retail ops
January 31, 2012

AP - Apple Inc. is naming former Dixons Retail CEO John Browett as its top retail executive, charged with developing the retail strategy for the iPhone and iPad maker as it expands Apple stores around the world.

FTC settlement gives Facebook leverage
January 31, 2012

Before its initial public offering, Facebook needed to clear a major hurdle: an investigation by federal regulators over its privacy practices.
It did so by agreeing to a settlement with the Federal Trade Commission that experts say came with a double ...

SEC Charges Former Executives and Accountants With Fraud at British Subsidiary of Medical Devices Company
January 30, 2012

FOR IMMEDIATE RELEASE
2012-21

Washington, D.C., Jan. 30, 2012 – The Securities and Exchange Commission today charged four former senior executives and accountants at the British subsidiary of an Indiana-based manufacturer of medical devices and aero...

BofA Reshuffles Unit
January 30, 2012

Bank of America Corp. shook up its investment-banking leadership Sunday, naming Christian Meissner as the sole head of that business, said people familiar with the situation.

SEC claws back a CFO’s bonus for alleged fraud at a subsidiary
January 30, 2012

Clawbacks are becoming a more common mandate in SEC settlements. In the latest case, a finance chief will return $185,000 to his company.

Citigroup Chairman Weighs Exit
January 30, 2012

Richard D. Parsons, who as chairman of Citigroup helped steer the bank through its near-death experience in the financial crisis, is considering stepping down.

Citigroup Chairman Weighs Exit
January 30, 2012

Richard D. Parsons, who as chairman of Citigroup helped steer the bank through its near-death experience in the financial crisis, is considering stepping down.

Citigroup Chairman Weighs Exit
January 30, 2012

Richard D. Parsons, who as chairman of Citigroup helped steer the bank through its near-death experience in the financial crisis, is considering stepping down.

3M board gets stuck over CEO’s contract
January 30, 2012

The 3M board of directors has failed to reach a succession plan to replace Chairman and CEO George Buckley, whose contract expires in one month.

Jacobs Engineering passes say-on-pay
January 30, 2012

Nearly 82 percent of Jacobs Engineering shareholders approved the company's compensation plans, one year from their failed vote.

Tax Foundation report ranks most and least business-friendly states
January 30, 2012

Wyoming's tax policies are the most business-friendly in the country, finds a new Tax Foundation study.