Alan Shaw, CEO, Norfolk Southern Scott Mlyn | CNBC Norfolk Southern’s board is examining allegations that CEO Alan Shaw engaged in an inappropriate workplace relationship, according to three people familiar with the matter. The probe is in its early stages, and it is possible that no misconduct may be uncovered. The company is working with … Read more
MEXICO CITY — Scooting on his electric skateboard through a southern Mexico City neighborhood, Arturo Hernández spots a likely target for his next action and uploads a photo to social media calling his followers to help. A couple of days later, he and several of them are swinging sledgehammers at a thick layer of concrete … Read more
Joe Kiani, CEO, Masimo Scott Mlyn | CNBC Masimo CEO Joe Kiani, whose medical-technology company is in the midst of a proxy battle with activist Politan, revealed what he called confidential information to a major investor 12 hours before it was released to the public, according to court filings. The documents, partially unsealed on Friday, … Read more
Pat Gelsinger, chief executive officer of Intel Corp., holds a wafer as he speaks at the Computex conference in Taipei, Taiwan, on Tuesday, June 4, 2024. Annabelle Chih | Bloomberg | Getty Images Intel CEO Pat Gelsinger said on Thursday that it’s been a “difficult few weeks” since the chipmaker’s disastrous earnings report and the … Read more
Joe Kiani, CEO of Masimo. Scott Mlyn | CNBC Earlier this month, Masimo subpoenaed proxy advisors ISS and Glass Lewis for their private communications with investors about the upcoming proxy contest with activist Politan Capital, according to people familiar with the matter. The unusual move comes after the medical device company delayed its annual meeting … Read more
A sign is posted in front of Intel headquarters on August 01, 2024 in Santa Clara, California. Justin Sullivan | Getty Images News | Getty Images Intel is working with advisors including Morgan Stanley to help defend itself against activist investors, according to people familiar with the matter, as CEO Pat Gelsinger attempts to turn … Read more
An employee prepares a hot dog at a Portillo’s restaurant in Chicago, Sept. 27, 2022. Christopher Dilts | Bloomberg | Getty Images Activist investor Engaged Capital has built a nearly 10% stake in Portillo’s, the struggling Chicago-based hot-dog chain, and is engaging with management on improving operations, margins and branding as the company pushes to expand … Read more
People seen around the Starbucks coffee store in Shenzhen, China. Jakub Porzycki | Nurphoto | Getty Images In May, it was a $2.5 billion stake in Texas Instruments and a $1 billion-plus position at Johnson Controls. In June came a $2 billion stake in Southwest Airlines and an equally large investment in Japanese conglomerate SoftBank. … Read more
A Southwest Airlines Boeing 737-7Q8 takes off from Ronald Reagan Washington National Airport in Arlington Virginia on August 13, 2024. Daniel Slim | Afp | Getty Images Activist investor Elliott Management will launch a proxy fight at Southwest Airlines, and intends to nominate as many as 10 directors to the company’s 15-person board, the activist … Read more
SOMA, Gambia — When Metta, a mother of six from rural Gambia, heard that lawmakers were considering reversing the country’s ban on female genital cutting, a centuries-old practice she underwent as a child and now fiercely opposes, she was determined that her voice be heard. She packed her bag and boarded a bus to Gambia’s … Read more
