Two BofA Execs Leave Amid Gov Review
June 5, 2009 by Joseph McCafferty
Two upper level Bank of America executives have announced their departures just days before the bank’s CEO is expected to testify before Congress regarding his firm’s acquisition of Merrill Lynch earlier this year.
June 5, 2009 by Joseph McCafferty
Two upper level Bank of America executives have announced their departures just days before the bank’s CEO is expected to testify before Congress regarding his firm’s acquisition of Merrill Lynch earlier this year.
AIG Trustees Want Board, Comp Changes
May 13, 2009
The trustees of the United States’ stake in American International Group are prepared to tell U.S. lawmakers today that they intend to make changes within the company’s top tier, including compensation system adjustments and changes to the company’s board.
May 13, 2009
The trustees of the United States’ stake in American International Group are prepared to tell U.S. lawmakers today that they intend to make changes within the company’s top tier, including compensation system adjustments and changes to the company’s board.
PepsiCo Files Suit Against Bottler
May 12, 2009 by Joseph McCafferty
A secretive board meeting move designed to stem off a takeover has resulted in a lawsuit filed against the Pepsi Bottling Group, after eight directors at the bottling company attempted to conduct a board meeting in which anti-takeover measures were adopted.
May 12, 2009 by Joseph McCafferty
A secretive board meeting move designed to stem off a takeover has resulted in a lawsuit filed against the Pepsi Bottling Group, after eight directors at the bottling company attempted to conduct a board meeting in which anti-takeover measures were adopted.
BofA Looks for New Directors
May 8, 2009
After a series of events that have tested Wall Street and the nation’s financial structure to its very limits, Bank of America is looking to do a bit of housecleaning; the search for new directors is on.
May 8, 2009
After a series of events that have tested Wall Street and the nation’s financial structure to its very limits, Bank of America is looking to do a bit of housecleaning; the search for new directors is on.
Director Survey: Pay Will Drop
May 7, 2009
70 percent of polled corporate directors believe executive pay to continue its decline in the coming years, according to a survey released yesterday by consultant Watson Wyatt Worldwide.
May 7, 2009
70 percent of polled corporate directors believe executive pay to continue its decline in the coming years, according to a survey released yesterday by consultant Watson Wyatt Worldwide.
Director Pay Increases Despite Scrutiny
May 6, 2009
Director pay is on the rise despite recent backlash from the public and shareholder scrutiny. From 2007 to 2008, median board-level compensation for non-employee directors at Fortune 500 companies increased by 4.7 percent.
May 6, 2009
Director pay is on the rise despite recent backlash from the public and shareholder scrutiny. From 2007 to 2008, median board-level compensation for non-employee directors at Fortune 500 companies increased by 4.7 percent.
BofA’s Lewis Ousted as Chairman
April 30, 2009
Bank of America shareholders voted to remove CEO Ken Lewis as chairman. A shareholder proposal to split the chairman and CEO positions passed with 50.34 percent of the vote.
April 30, 2009
Bank of America shareholders voted to remove CEO Ken Lewis as chairman. A shareholder proposal to split the chairman and CEO positions passed with 50.34 percent of the vote.
BP Grants Some Pay Raises, Faces Dissent
April 17, 2009 by Joseph McCafferty
Barely half of BP’s shareholders backed the company’s 2008 pay packages at the company’s annual meeting.
April 17, 2009 by Joseph McCafferty
Barely half of BP’s shareholders backed the company’s 2008 pay packages at the company’s annual meeting.
GM Director Bowles Offers Resignation
April 2, 2009
General Motors director Erskine Bowles offered to resign as the Obama administration seeks changes on the board of the government-supported automaker.
April 2, 2009
General Motors director Erskine Bowles offered to resign as the Obama administration seeks changes on the board of the government-supported automaker.
A Game of Risk
April 1, 2009 by Timothy W. Burns
What directors need to know about D&O insurance in a year of uncertainty.
April 1, 2009 by Timothy W. Burns
What directors need to know about D&O insurance in a year of uncertainty.
Lyondell Decision Affirms Board’s Role
March 30, 2009 by Joseph McCafferty
The Delaware Supreme Court gave corporate directors more latitude and discretion in deciding whether to accept a merger offer.
March 30, 2009 by Joseph McCafferty
The Delaware Supreme Court gave corporate directors more latitude and discretion in deciding whether to accept a merger offer.
NACD Calls for Improved Governance
March 25, 2009 by Joseph McCafferty
The National Association of Corporate Directors (NACD) says its members must do a better job governing corporate America, or risk further alienation of wary shareholders.
March 25, 2009 by Joseph McCafferty
The National Association of Corporate Directors (NACD) says its members must do a better job governing corporate America, or risk further alienation of wary shareholders.
Valeo Boots CEO After Board Squabble
March 23, 2009 by Joseph McCafferty
French auto parts maker Valeo has emerged from an inter-company battle minus one CEO, citing "strategic differences" between the chief and board.
March 23, 2009 by Joseph McCafferty
French auto parts maker Valeo has emerged from an inter-company battle minus one CEO, citing "strategic differences" between the chief and board.
Citigroup Board Nominates Four Indies
March 17, 2009
Beleaguered-but-battling Citigroup announced the nomination of four new independent directors for its board yesterday.
March 17, 2009
Beleaguered-but-battling Citigroup announced the nomination of four new independent directors for its board yesterday.
UBS Board Adds Three New Directors
March 17, 2009 by Joseph McCafferty
Swiss bank UBS has nominated three new financial mavens to its board of directors, in efforts to accelerate a company-wide restructuring.
March 17, 2009 by Joseph McCafferty
Swiss bank UBS has nominated three new financial mavens to its board of directors, in efforts to accelerate a company-wide restructuring.
BofA Board Keeps Lewis in Charge
January 29, 2009 by Joseph McCafferty
Directors at Bank of America backed Chairman and CEO Kenneth Lewis in their first meeting since he ousted Merrill Lynch chief John Thain. They also appointed three Merrill directors to bring the total number of the BofA board to 19. Lead Director O. Temple Sloan issued a statement in support of Lewis.
January 29, 2009 by Joseph McCafferty
Directors at Bank of America backed Chairman and CEO Kenneth Lewis in their first meeting since he ousted Merrill Lynch chief John Thain. They also appointed three Merrill directors to bring the total number of the BofA board to 19. Lead Director O. Temple Sloan issued a statement in support of Lewis.
Toyota Names Founder’s Grandson President
January 20, 2009 by Joseph McCafferty
Toyota announced its new president today, promoting director and heir-apparent Akio Toyoda to head the Japanese automaker.
January 20, 2009 by Joseph McCafferty
Toyota announced its new president today, promoting director and heir-apparent Akio Toyoda to head the Japanese automaker.
Satyam Directors Liable for Fraud
January 19, 2009 by Joseph McCafferty
It won’t be just the king’s head on the platter, says Indian government officials investigating the alleged book cooking at Satyam Computer Services.
January 19, 2009 by Joseph McCafferty
It won’t be just the king’s head on the platter, says Indian government officials investigating the alleged book cooking at Satyam Computer Services.
CEO Firings On the Rise
January 13, 2009 by Joseph McCafferty
Reflecting the larger implications of a hobbled job market, CEO firings have been on the rise in recent days and are expected to stay high for much of 2009.
January 13, 2009 by Joseph McCafferty
Reflecting the larger implications of a hobbled job market, CEO firings have been on the rise in recent days and are expected to stay high for much of 2009.
Satyam Board Had U.S. Ties
January 9, 2009 by Joseph McCafferty
As investigators begin to sift through Satyam Computer Systems' offices and investors begin filing suits against the fraudulent company, the independent directors of the outsourcing company were among India's political, academic, and corporate elite.
January 9, 2009 by Joseph McCafferty
As investigators begin to sift through Satyam Computer Systems' offices and investors begin filing suits against the fraudulent company, the independent directors of the outsourcing company were among India's political, academic, and corporate elite.