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UPDATE 2-ENRC board rejects lowball offer from founding trio
* Independent directors say bid “materially undervalues” ENRC
REFILE-UPDATE 1-Chairman Irani stepping down from Occidental board
SANTA MONICA, Calif., May 3 (Reuters) – Occidental Petroleum Corp said Chairman Ray Irani would step down after shareholders withheld support for him to remain on the board following a push by certain investors to reject him after what some … Continue reading
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Tagged 1Chairman, board, down, from, Irani, Occidental, REFILEUPDATE, stepping
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J.C. Penney board comes under fire for CEO switch
(Reuters) – The board of J.C. Penney Co Inc is facing scathing criticism from investors and corporate governance experts after ousting Chief Executive Ron Johnson and replacing him with his own…
UPDATE 1-J.C. Penney board comes under fire for CEO switch
April 9 (Reuters) – The board of J.C. Penney Co Inc is facing scathing criticism from investors and corporate governance experts after ousting Chief Executive Ron Johnson and replacing him with his…
CORRECTED-HP shakeup points to more “shareholder friendly” board – analysts
(Corrects name to Apotheker from Apothekar in paragraph 7)
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Tagged analysts, board, CORRECTEDHP, friendly, more, points, shakeup, shareholder
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UPDATE 2-HP shakeup points to more “shareholder friendly” board
* Shares fall 2 percent in morning trading (Adds fact that Lane is staying on as a director in paragraph 10, updates shares)
First Manhattan seeks seats on Vivus board as diet drug founders
(Reuters) – The board of directors of Vivus Inc is under attack from one of its biggest investors following the disappointing launch of a diet pill that has helped drive the company’s shares down 63…
Chesapeake audit committee chair resigns board
(Reuters) – Chesapeake Energy Corp said the chairman of its audit committee has stepped down as planned following the completion of the company’s probe into the financial dealings of outgoing Chief Executive Aubrey McClendon.
UPDATE 2-Herbalife to add two Icahn representatives to its board
* Herbalife shares up nearly 7 pct (Adds Icahn comment, background on Ackman)
Lear shares rise as hedge fund seeks board seats
(Reuters) – Marcato Capital Management reported a 5.2 percent stake in auto parts maker Lear Corp and the hedge fund said it planned to nominate candidates to the board, sending its shares higher in…