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SATURDAY, NOVEMBER 21, 2009
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NEWS ABOUT: corporate governance

corporate governance stories: 24 news summaries

1 - 20 of 24 Stories | 1 2 Next >>

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 Cost-Cutting Companies 
 Target No. 2  Execs 

Corporations eliminate second-in-command roles to save on costs

Sep 21, 09 8:27 AM CDT
(Newser) - Cost-cutting at American's largest corporations is hitting the executive suite, with CEOs rolling up their sleeves to take on more day-to-day responsibilities and laying off their No. 2s. In the 18 months leading up to June 2009, 40 major companies eliminated COOs or presidents, the Wall Street Journal notes, while... More »

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AOL • executive compensation • CEO • recession • corporations • corporate governance • Chief Executive • management • COO • financial crisis

OPINION

 Let Employees Roam the Web 


Aug 26, 09 4:37 PM CDT
(Newser) - Protecting against viruses and encouraging productivity is all well and good, Farhad Manjoo writes on Slate, but “locking down” company computers isn’t the way to go about it. Companies that “block the Web and various other online distractions on the theory that a cowed workforce is an... More »

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Google • Internet • web surfing • Netflix • corporate governance • productivity • blocking • information technology • results-only workplace environment

ANALYSIS

Why Corporate Boards
Seldom Do Their Jobs Well

Directors largely responsible for missteps, but keep their jobs

May 28, 09 2:42 AM CDT
(Newser) - Recent shareholder meetings at Citigroup and the Bank of America devolved into morality plays—wronged shareholders berated executives, executives apologetically vowed to improve—with a rather curious epilogue: every member of the board of directors was reelected. The reason is that corporate boards are often filled with under-informed, over-paid yes-men... More »

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Citigroup • Bank of America • CEO • shareholders • business • corporate governance • board of directors

OPINION

 Good CEOs Are Boring: Brooks 


May 19, 09 10:07 AM CDT
(Newser) - Recent studies have yielded a good picture of the ideal CEO, and the life of the party he ain’t, writes David Brooks in the New York Times. Traits like empathy, good communication skills, and team-building aren’t very important. Flamboyant visionaries rarely work out. No, those who often thrive... More »

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CEO • corporate culture • corporate governance • David Brooks • Obama administration • politicians

(Newser) - More American CEOs than not received raises in 2008, Reuters reports. An AFL-CIO poll of 946 chief executives saw 480 with increased pay, while 463 took a cut. Salaries were up 7%, too; execs with raises earned an average of $5.4 million, while those who saw cuts took in... More »

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executive compensation • CEO • recession • corporations • AFL CIO • corporate governance

Citigroup Drops $50M on Fancy Corporate Jet

... After taking $45B in federal bailout funds, fumes indignant Post

Jan 26, 09 12:26 PM CST
(Newser) - Citigroup may be going down in flames, but at least the seats will be nice. Citigroup is buying a brand-new $50 million corporate jet, the New York Post reports, headlining the sale, “JUST PLANE DESPICABLE,” on account of the $45 billion the company has received from Uncle... More »

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Citigroup • New York Post • luxury travel • corporate governance • bailout • private jet • financial crisis • recession depression

Commode for 35K? Ousted CEO Thain Had Lavish Taste

Details emerge on $1.2M office work

Jan 23, 09 10:14 AM CST
(Newser) - Recently-axed Merrill Lynch CEO John Thain may have steered his company to a $15.4 billion fourth-quarter loss, but he did so from a really nice office. Details are emerging about Thain's $1.2 million redecoration, Bloomberg reports. Among the purchases noted by CNBC: $87,000 for area rugs, $68,... More »

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CEO • Merrill Lynch • corporate governance • John Thain • recession depression

ANALYSIS

Recession Shreds Publishing Industry; Is Literature Next?

Until outfits learn to cope with digital challenges, it'll be a tough go for writers

Dec 23, 08 4:04 PM CST
(Newser) - The publishing industry has been battered in the past month, as large houses hemorrhage editors and consolidate divisions, leading some to wonder if literary publishing will ever be the same, Jason Boog writes on Salon. The list of ills is long: too-high advances paid to a dwindling number of sure... More »

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press • literature • book • corporate governance • ebooks • publishing industry • economic downturn

ANALYSIS

Biggest Convention Donors Usually Need Favors

No limit to funds given to parties' gatherings

Aug 25, 08 7:13 PM CDT
(Newser) - Major donors to the Democratic and GOP conventions this year either have business pending with politicians or have recently received a favorable ruling, the Los Angeles Times reports. From cable companies to a government union to an electric utility, millions of dollars have flowed into party coffers—but both sides... More »

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Qwest • campaign finance • Democratic National Convention • corruption • Colorado • corporate governance

ANALYSIS

 What Will Apple
 Do After Jobs? 

Geniuses don't exactly grow on trees, analyst argues

Jul 3, 08 1:01 PM CDT
(Newser) - What happens to Apple post-Steve Jobs? That’s been the question since the iconic CEO appeared worn at the June Apple Developers Conference. And the answer isn’t easy, writes Brian Caulfield in Forbes. “It's not like you can say, 'Let's go find ourselves another genius,'” commented... More »

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Steve Jobs • Apple • corporate governance • succession

HP Exec Busted for Passing
IBM Secrets

Exec shared rival's confidential info with new HP bosses

Jul 2, 08 6:21 AM CDT
(Newser) - A former Hewlett-Packard vice president faces federal charges for sharing trade secrets from IBM, the Wall Street Journal reports. The exec requested confidential pricing information while he was working for IBM. Two months later, he got a job at HP and emailed the info to an HP executive, according to... More »

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email • espionage • IBM • corporate governance • federal indictment • corporate crime • Hewlett-Packard

France's Top Newspaper Faces Crisis

Le Monde says 20%
of its journalists must leave by next week

Jun 23, 08 12:40 PM CDT
(Newser) - In the past year, the French newspaper Le Monde has endured the worst crisis in its history, losing its editor-in-chief and failing to appear on newsstands for days during a series of strikes. Now its 340 staffers have been given an ultimatum, writes the Guardian: Unless about 20% accept voluntary... More »

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newspaper • France • Le Monde • corporate governance

 Icahn Again Skewers Yahoo 

'Why did you permit Google to leave you in the dust?' investor asks board

Jun 9, 08 1:18 PM CDT
(Newser) - Investor Carl Icahn broadened his attacks on Yahoo today, targeting not only the recent failure of a Microsoft takeover deal but longtime performance issues, the Wall Street Journal reports. "Why did you permit Google to leave you in the dust?" he wrote to the board. More »

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Yahoo • Google • Microsoft • Carl Icahn • Jerry Yang • corporate governance • Roy Bostock

Growing Pains Plenty Evident
at Facebook

But Zuckerberg stays put, gets veteran help after hitting potholes

May 13, 08 4:13 PM CDT
(Newser) - Facebook is seeing a lot of challenges lately, with ads selling at rock-bottom prices, revenue not nearly rivaling MySpace, and third-party developers defecting to OpenSocial networks (MySpace, again). But unlike other companies’ young founders, Mark Zuckerberg isn’t about to step aside. And thanks to his tight control of Facebook's... More »

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social networking • MySpace • Facebook • Mark Zuckerberg • ad revenue • corporate governance • Sheryl Sandberg

Cisco Develops a Lighter Touch in Acquisitions

Tech giant develops new strategy for new era in takeovers

Apr 17, 08 1:59 PM CDT
(Newser) - Cisco, once famous for swallowing small companies whole and digesting them without leaving a trace of their former brand names (or management), is forging a new acquisition strategy. As it targets new, Internet-based technologies that it’s less familiar with, the company has developed a lighter touch, as evidenced by... More »

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technology • Silicon Valley • mergers and acquisitions • Cisco • corporate governance

Deutsche Telekom to Buy Greek Stake

Deal for 20% of Greek phone co. conditional on management control

Mar 17, 08 1:03 PM CDT
(Newser) - Deutsche Telekom plans to buy a 20% stake in Hellenic Telecommunications Organization (OTE) of Greece, for $3.92 billion. The deal is conditional on the German carrier getting management control, and the company will open talks immediately with the Greek government, the only larger shareholder. The OTE stake will let... More »

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Eastern Europe • telecom industry • mergers and acquisitions • Greece • Deutsche Telekom • telecommunications • corporate governance • Hellenic Telecommunications Organization • OTE

Diller Strikes Back at Liberty

IAC chairman defends his leadership as media barons' court battle concludes

Mar 14, 08 2:09 PM CDT
(Newser) - Barry Diller struck back at Liberty Media in court yesterday, blaming CEO Greg Maffei for driving a wedge between himself and Liberty chairman John Malone by speaking “badly about our businesses and our managers.” The warring media magnates—once close partners—have been waging a court battle for... More »

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lawsuit • settlement • corporate governance • court cases • John Malone • Barry Diller • Liberty Media • IAC/InterActiveCorp • Greg Maffei

Malone Testifies Against Diller
in IAC Battle

Mogul insists that company restructuring would be breach of faith

Mar 10, 08 5:08 PM CDT
(Newser) - John Malone has launched the first volley in his court battle with fellow media baron Barry Diller over control of IAC/InterActiveCorp. Malone testified today that the proposed restructuring of IAC breaks a longstanding agreement between the two, the Wall Street Journal reports. "It's a breach of the stewardship that... More »

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corporate governance • John Malone • Barry Diller • Liberty Media • IAC/InterActiveCorp • chancery court

OPINION

Gore to Net a Convenient Profit in IPO

Veep would net $48M on money-losing CurrentTV channel

Mar 6, 08 10:56 AM CST
(Newser) - CurrentTV is going public, and that means big money for founder Al Gore. But something about the deal rubs Rob Grover of BusinessWeek the wrong way. Gore is drawing a big salary, even though the little-watched channel is losing money, and the share distribution is decidedly undemocratic—Gore and CEO... More »

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Al Gore • shareholders • IPO • Current TV • corporate governance • Class B shares • populist media

Steve Jobs: Brilliant Tyrant

Apple's mercurial CEO creates a risky rollercoaster ride for shareholders

Mar 5, 08 1:12 PM CST
(Newser) - Steve Jobs is an undisputed Silicon Valley superstar, but his genius has a price, Fortune reports. Jobs is a risk-taking, short-tempered tyrant, and those foibles make Apple a potential rollercoaster for investors. Jobs threatened the company—and his own freedom—in two separate backdating scandals, and, reports the magazine, risked... More »

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Steve Jobs • CEO • shareholders • Apple • Pixar • pancreatic cancer • stock option backdating • corporate governance • backdating scandal

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