Major CVS shareholder plans activist push, meet with execs: sources

Major CVS shareholder plans activist push, meet with execs: sources

CVS Pharmacy logo is seen at store in Florida Keys, United States on May 7, 2024.  Jakub Porzycki | Nurphoto | Getty Images Glenview Capital, a major CVS Health shareholder, is expected to meet with company leadership on Monday to lay out proposed fixes for the struggling business, according to people familiar with the matter, … Read more

The new top youth official at the UN talks about what’s in it for young people

The new top youth official at the UN talks about what’s in it for young people

UNITED NATIONS — Dr. Felipe Paullier is quick to say he doesn’t speak for the world’s roughly 2 billion tweens, teens and young adults. But as the United Nations’ first assistant secretary-general for youth affairs, he’s tasked with advocating for young people and their concerns to be incorporated into the organization’s work — a goal … Read more

Drag queen Pattie Gonia aims to give the climate movement a makeover with joy and laughter

Drag queen Pattie Gonia aims to give the climate movement a makeover with joy and laughter

NEW YORK — Dressed in a sequin-laced, sleeveless top and puffy pink skirt, drag queen Pattie Gonia strides around the stage in white high-heeled boots that come up to the knees, telling the crowd that nature must be a woman. “She is trying to kill us in the most passive-aggressive way possible,” joked Gonia, lip-syncing … Read more

Elliott to call for Southwest special meeting ‘as soon as next week’

Elliott to call for Southwest special meeting ‘as soon as next week’

A Southwest Airlines Boeing 737 departs Los Angeles International Airport en route to Las Vegas on September 19, 2024 in Los Angeles, California.  Kevin Carter | Getty Images Elliott Management said Tuesday it will call a special meeting at Southwest Airlines “as soon as next week,” shortly after the company put forward a sweeping board shake-up … Read more

Youth activists plan protests to demand action on climate as big events open in NYC

Youth activists plan protests to demand action on climate as big events open in NYC

NEW YORK — Activists geared up Friday for protests around the world to demand action on climate change just as a pair of major weeklong climate events were getting underway in New York City. The planned actions in Berlin, Brussels, Rio de Janeiro, New Delhi and many other cities were being organized by the youth-led … Read more

Masimo CEO Joe Kiani ousted from board; Politan wins two seats

Masimo CEO Joe Kiani ousted from board; Politan wins two seats

The Masimo logo is displayed at Masimo headquarters in Irvine, California, on Dec. 27, 2023. Mario Tama | Getty Images Activist investor Politan Capital won the two board seats it was seeking at medical technology company Masimo, defeating founder and CEO Joe Kiani and another director, Chris Chavez, at the shareholder vote. Masimo shares rose … Read more

Philadelphia mayor strikes a deal with the 76ers to build a new arena downtown

Philadelphia mayor strikes a deal with the 76ers to build a new arena downtown

PHILADELPHIA — The Philadelphia 76ers have a new teammate in their bid to build a new $1.3 billion arena downtown. Mayor Cherelle Parker announced Wednesday that she has forged a deal with team owners to keep the NBA franchise in town and will send it to city council. The decision comes despite objections from nearby … Read more

Activist Engine Capital pushes for new board at Upwork, takes 4% stake

Activist Engine Capital pushes for new board at Upwork, takes 4% stake

Close-up of sign at entrance to Silicon Valley headquarters of outsourcing and freelancing company Upwork, Mountain View, California, May 3, 2019.  Smith Collection | Gado | Archive Photos | Getty Images Activist investor Engine Capital has a roughly 4% stake in freelance marketplace Upwork and is pushing for a shakeup to the company’s board. In … Read more

Norfolk Southern CEO Alan Shaw replaced by CFO after alleged affair

Norfolk Southern CEO Alan Shaw replaced by CFO after alleged affair

Norfolk Southern former Chief Executive Alan Shaw testifies during a Senate Commerce, Science and Transportation Committee hearing titled “Improving Rail Safety in Response to the East Palestine Derailment” in Washington, March 22, 2023. Evelyn Hockstein | Reuters Norfolk Southern CEO Alan Shaw is out effective immediately after the board determined he engaged in a consensual … Read more

Norfolk Southern board probe focusing on CEO’s relationship with chief legal officer

Norfolk Southern board probe focusing on CEO’s relationship with chief legal officer

Norfolk Southern CEO Alan Shaw testifies at a hearing before the Senate Environment and Public Works Committee on protecting public health and the environment in the wake of the Norfolk Southern train derailment and chemical release in East Palestine, Ohio in Washington, D.C., the United States, March 9, 2023. Aaron Schwartz | Xinhua News Agency … Read more