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.
Category: Shareholder Rights and Activism
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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.
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Southwest Strikes a Truce With the Activist Hedge Fund Elliott
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.
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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.