SpaceX has joined a growing cohort of companies that use dual class share structures to ensure many shareholders have little say in how they are run.
Category: Boards of Directors
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Marianne Lake, a Potential Dimon Successor, Leaves JPMorgan
Another potential successor, Marianne Lake, is leaving JPMorgan, as the longstanding chief executive enters his third decade atop the bank.
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BP’s Former Chairman, Albert Manifold, Disputes How Company Characterized His Dismissal
Albert Manifold, who was abruptly fired less than a year after he was appointed, said he was let go “without explanation.”
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SpaceX’s Unconventional Corporate Arrangements Favor Elon Musk
The ways it set up its board and Mr. Musk’s pay appear to benefit him at the expense of other shareholders, corporate governance experts said.
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New Disney Boss Is Tested by Trump and His Administration
Josh D’Amaro, who took the helm in February, will have to lead Disney through surprising new scrutiny from the president.
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Reed Hastings Will Leave Netflix as Board Chairman
The co-founder of the streaming giant will leave its board in June, the company said.
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Michael Rousseau, Air Canada’s CEO, to Step Down Amid Backlash Over Comments After Crash
Michael Rousseau’s mostly English statement after a fatal runway collision drew sharp criticism. The airline said it would emphasize French fluency in its search for a successor.
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He Was Supposed to Break Up Kraft and Heinz. He Changed His Mind.
Steve Cahillane, a food industry veteran, is trying to revive the company behind Kool-Aid, Oscar Mayer and many other brands.
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Goldman Sachs to Drop D.E.I. Criteria for Board Members
The move would be the Wall Street firm’s latest retreat from diversity mandates that its chief executive, David Solomon, had once made a priority.