F.T.C. Clears Chevron’s Purchase of Hess With Board Condition
Posted inBoards of Directors Chevron Corporation Federal Trade Commission Guyana Hess Corporation Hess, John B. Mergers, Acquisitions and Divestitures Natural Gas Oil (Petroleum) and Gasoline Organization of the Petroleum Exporting Countries Regulation and Deregulation of Industry United States Wirth, Michael K

F.T.C. Clears Chevron’s Purchase of Hess With Board Condition

The Federal Trade Commission said the oil giant can acquire the smaller company as long as the chief executive of Hess does not join its board.
Norfolk Southern Fires C.E.O. Alan Shaw After Ethics Investigation
Posted inAncora Holdings Group LLC Appointments and Executive Changes Atlanta (Ga) Boards of Directors East Palestine (Ohio) East Palestine, Ohio, Train Derailment (Feb 3, 2023) Ethics and Official Misconduct Freight (Cargo) Norfolk Southern Corporation Railroad Accidents and Safety Railroads Shaw, Alan H. Workplace Hazards and Violations

Norfolk Southern Fires C.E.O. Alan Shaw After Ethics Investigation

The railroad company’s board said it dismissed Alan Shaw and an executive he had a consensual relationship with.
Southwest Airlines Agrees to Board Changes After Pressure From Elliott
Posted inAirlines and Airplanes Appointments and Executive Changes Boards of Directors Corporations Dallas (Tex) Elliott Management Corp Hedge Funds Jordan, Robert E Kelly, Gary C Shareholder Rights and Activism Southwest Airlines Company Stocks and Bonds Travel and Vacations

Southwest Airlines Agrees to Board Changes After Pressure From Elliott

The airline has been under pressure from the hedge fund Elliott to replace its top management and make other changes to increase its profits.