The chair of the Securities and Exchange Commission has a plan to reverse the decline in public listings. His critics say he’s taking swings at the wrong target.
Category: Shareholder Rights and Activism
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Rail Operator CSX Ousts Chief Executive After Activist Pressure
Joe Hinrichs was replaced by Steve Angel, who may be more likely to consider a merger on the heels of the Union Pacific and Norfolk Suffolk deal.
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Corporate America’s Newest Activist Investor: Donald Trump
The president is demanding government stakes in U.S. companies and cuts of their revenue. Experts see some similarities to state-managed capitalism in other parts of the world.
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The Allure (and Complications) of “Golden Shares”
The White House would like some control of U.S. Steel if it approves its sale to Nippon Steel. Such deals could alter foreign investment in the United States.
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Robert A.G. Monks, Crusader Against ‘Imperial’ C.E.O.s, Dies at 91
A descendant of American wealth, he used his success in business to push for social responsibility in corporate leadership and encouraged shareholders to push back.
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Tesla Sales Plunge in Germany, Reflecting Broader Slump in Europe
February numbers show the U.S. electric car maker is struggling to attract buyers in the region, as anger at Elon Musk’s politics intensifies.
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BP to ‘Reset’ Strategy After Pressure From Investors, C.E.O. Says
The energy giant was vague on details, but analysts say the changes will likely include less spending on renewable sources and a bigger investment in oil and natural gas production.
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Activist Investor Seeks to Oust U.S. Steel Chief Over Nippon Deal
The two steel makers are seeking to revive Nippon Steel’s $14 billion takeover of U.S. Steel after it was blocked by the Biden administration.
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A 7-Eleven Heir’s $50 Billion Fight to Keep the Company in the Family
A battle for control of the chain shows how traditional business models embraced by family owners are clashing with a more shareholder-centric approach.
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Will Elon Musk Ever Collect His Full Tesla Pay Package?
The electric vehicle maker vowed to appeal after a Delaware judge rejected the tech mogul’s massive compensation deal for a second time.