The airline will appoint six new directors to its board, avoiding a proxy fight with the activist investor Elliott Investment Management, one of its largest shareholders.
Category: Shareholder Rights and Activism
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Southwest Airlines Lays Out Changes and New Offerings
The move came after the hedge fund Elliott Management, which has more than 10 percent of the airline’s shares, called for cost containment and better profits.
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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.
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Hedge Fund Pushes for End of Murdochs’ Control at News Corp
Starboard Value, a fund that takes stakes in companies and agitates for changes, said that political disagreements among Rupert Murdoch’s children could be “paralyzing” for the media firm.
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Carl Icahn, Activist Investor, Faces Intense Scrutiny From Wall Street
The 88-year-old activist investor’s stake in his own company has fallen by nearly $20 billion. Mr. Icahn said that he was “absolutely not selling.”
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Carl Icahn to Pay $2 Million to Settle S.E.C. Charges
The Securities and Exchange Commission had accused the billionaire investor of not disclosing that he had pledged personal stock holdings as collateral for billions of dollars in loans.
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Delaware Judge Questions Tesla About Vote on Elon Musk’s Tesla Pay
Lawyers for Tesla have asked a Delaware judge to reverse her decision to void a multibillion-dollar pay package for Mr. Musk after shareholders approved it a second time in June.
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Toyota Chairman’s Investor Support Tumbles
Just 71.9 percent of shareholders supported Akio Toyoda, who has faced scrutiny from investor groups over governance issues, in his bid to remain chairman.
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Akio Toyoda, Toyota’s Chairman, Defends His Hands-On Role
Akio Toyoda, who stepped down as chief executive last year, had been criticized by some shareholders for continuing to dominate decision making at the automaker.
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Exxon Suit Over Activist Investor’s Climate Proposal Is Dismissed
A federal judge ruled that the case was moot after the investor, Arjuna Capital, withdrew the proposal with a promise not to try again.
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The Sky’s the Limit for C.E.O. Pay
With new executive pay disclosures, the big picture is still riches at the top and lagging wages for most of the rank-and-file, our columnist says.
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BuzzFeed Clashes With Vivek Ramaswamy, Its New Activist Investor
The former G.O.P. presidential candidate, who has invested in BuzzFeed, believes the company needs to pivot. He wants to see commentators like Tucker Carlson in its lineup.