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
The New York Times – Business: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
The New York Times – Business: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 New York Times – Business: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
The New York Times – Business: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 New York Times – Business: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
The New York Times – Business: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.
The New York Times – Business: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 New York Times – Business: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.