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SUNDAY, NOVEMBER 22, 2009
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NEWS ABOUT: board of directors

board of directors stories: 11 news summaries

(Newser) - Three more Bank of America directors have resigned, upping the beleaguered lender’s recent board departures to 10, Bloomberg reports. John T. Collins, William Barnet III, and Gary Countryman did not leave because of any disagreement with company executives, the bank insists. More board members will be added later this... More »

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Bank of America • resignation • bailout • board of directors

Bayh's Wife
in Deep With Health Industry

Senator says his vote unaffected by Susan's myriad board positions

Jul 27, 09 6:21 AM CDT
(Newser) - As both sides of the health care debate court Sen. Evan Bayh's elusive vote, his wife's earnings from the industry are raising more than a few eyebrows. The Indianapolis Star  takes a look at Susan Bayh, who pulled down some $2.1 million between 2006 and 2008 for serving... More »

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health care • Indiana • health care industry • health care reform • Evan Bayh • WellPoint • board of directors • conflict of interest • Susan Bayh

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

 Facebook Should 
 'Unfriend' CEO 


Apr 2, 09 1:50 PM CDT
(Newser) - Mark Zuckerberg has made mistakes in the past 6 weeks “that would have led to any normal CEO's firing,” Owen Thomas writes for Gawker, and the Facebook CEO's case should be no different. His three strikes: a privacy-shredding “terms of service disaster,” an “awful redesign,... More »

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social networking • Internet • CEO • Facebook • Mark Zuckerberg • management • board of directors • company culture

Shareholders Rage at Apple Board's Silence on Jobs

Apple board rebuffs requests for updates on CEO's health

Feb 25, 09 4:54 PM CST
(Newser) - Apple shareholders left an annual meeting today upset at the company’s board for staying mum about CEO Steve Jobs’ health, the Wall Street Journal reports. Considered the company’s chief innovator, Jobs rattled Apple’s stock price last month with news that treatment for a hormone imbalance would sideline... More »

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Steve Jobs • CEO • shareholders • Apple • board of directors • hormonal imbalance

 Rubin Quits Citi; 
 Smith Barney for Sale 

Ex-Treasury Sec. saw company's stock dive 90% since late '06

Jan 9, 09 3:15 PM CST
(Newser) - Former Treasury Secretary Robert Rubin is leaving his posts at struggling Citigroup, the Wall Street Journal reports. He retired as a senior counselor effective today, and won’t pursue another term on the board of directors. Journal sources also say Citigroup is in talks to sell Smith Barney, its brokerage... More »

MORE ABOUT:
Barack Obama • Citigroup • Robert Rubin • board of directors • Treasury secretary • Wall Street bailout

GM Board
Would Consider Bankruptcy

Directors differ with CEO Wagoner as automaker struggles

Nov 22, 08 8:11 AM CST
(Newser) - Some General Motors’ directors are willing to consider bankruptcy protection as an option for the failing automaker, the Wall Street Journal reports, marking an unusual disagreement with CEO Rick Wagoner. Wagoner told Congress repeatedly this week, in seeking an immediate financial bailout, that reorganizing through a Ch. 11 bankruptcy is... More »

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Congress • bankruptcy • General Motors • Rick Wagoner • bailout • board of directors • auto bailout


 Deal Puts
 Icahn on
 Yahoo
 Board 

Activist investor gets seats for 2 allies

Jul 21, 08 7:27 AM CDT
(Newser) - Yahoo will add two seats to its board of directors and put Carl Icahn in one of them, reports the Wall Street Journal, in a deal that ends Icahn’s proxy fight. Eight of Yahoo’s current board members, including CEO Jerry Yang, will keep their seats, while a ninth... More »

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Yahoo • Carl Icahn • Jerry Yang • board of directors • proxy battle

 Yahoo Postpones 
 Boardroom Showdown 

Company buys more time to prepare for proxy battle

May 23, 08 9:15 AM CDT
(Newser) - Yahoo has pushed back its annual shareholder meeting for a second time, reports Forbes, delaying a showdown for control of its board. One of Yahoo's 10 directors resigned yesterday, leaving nine up for re-election at the meeting. Carl Icahn has nominated an alternate slate of directors, including himself, and will... More »

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Yahoo • Carl Icahn • shareholders • board of directors • proxy battle

Norway
Shatters Its
Glass Ceiling

Nation requires 40%
of big companies' boards to be female

Mar 6, 08 5:44 PM CST
(Newser) - A state-mandated shattering of Norway's glass ceiling is drastically changing gender balance in boardrooms there—and not without some resistance, the Guardian reports. A law that 40% of non-executive board directorships at larger firms must go to women went into effect Feb. 22—and though a dozen Norwegian companies failed... More »

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CEO • business • Norway • gender discrimination • gender gap • board of directors • sex ratio • glass ceiling • gender in business

Microsoft to Engineer Proxy Fight for Yahoo's Board

Ballmer, Gates playing hardball

Feb 19, 08 12:49 PM CST
(Newser) - Rather than raise its $44.6 billion hostile takeover bid, Microsoft will start a proxy fight at Yahoo, with an eye to nominating a slate of directors for the board by mid-March. The hardball tactic will cost less than upping the bid—$20 million or $30 million will pay a... More »

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Yahoo • Microsoft • hostile takeover • board of directors • proxy battle

11 Stories


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