Nadia's Feed
Feb 24, 2014

Icahn accuses eBay board members of conflicts of interest

Feb 24 (Reuters) – Billionaire investor Carl Icahn accused
eBay Inc Chief Executive John Donahoe of failing to
spot – or ignoring – conflicts of interest on the company’s
board and called again for the spinoff of its fast-growing
PayPal division.

Icahn, who also disclosed a 2.15 percent stake in the
e-commerce giant, said in a letter to eBay shareholders on
Monday that he had found “multiple lapses in corporate
governance” that “could put the future of the company in peril.”

Feb 21, 2014

Juniper Networks bows to Elliott’s demands

NEW YORK, Feb 20 (Reuters) – Juniper Networks Inc
has agreed to several of hedge fund Elliott Management Corp’s
demands for changes at the network equipment maker, including
appointing two directors proposed by Elliott, a person close to
the matter said on Thursday.

The source requested anonymity because the director nominee
discussions are private.

Feb 20, 2014

Blackstone, GIC nearing Kronos minority stake deal – sources

New York, Feb 20 (Reuters) – Private equity firm Blackstone
Group LP and Singapore sovereign wealth fund GIC are in advanced
talks to buy minority stakes in Kronos Inc that could value the
human resources software company at around $4.5 billion,
including debt, three people familiar with the matter said.

Blackstone and GIC plan to collectively invest $750 million
for just over 40 percent of the equity in Kronos, one of the
sources said. A deal could be announced as early as this week,
that person added, cautioning that some details were still being
negotiated.

Feb 14, 2014

Exclusive: P&G eyes alumni, unit heads as candidates for CEO job

NEW YORK (Reuters) – Procter & Gamble Co (PG.N: Quote, Profile, Research, Stock Buzz) is considering current and former executives of the world’s largest household products maker as it begins the search for candidates to succeed Chairman and Chief Executive A.G. Lafley, according to sources familiar with the situation.

P&G veterans being considered as part of the succession planning process include Fabrizio Freda, who spent two decades at the company before becoming CEO of Estee Lauder Cos Inc (EL.N: Quote, Profile, Research, Stock Buzz); and Susan Arnold, former president of global business units who is now an operating partner at private equity firm Carlyle Group LP (CG.O: Quote, Profile, Research, Stock Buzz).

Feb 14, 2014

P&G eyes alumni, unit heads as candidates for CEO job

NEW YORK, Feb 13 (Reuters) – Procter & Gamble Co is
considering current and former executives of the world’s largest
household products maker as it begins the search for candidates
to succeed Chairman and Chief Executive A.G. Lafley, according
to sources familiar with the situation.

P&G veterans being considered as part of the succession
planning process include Fabrizio Freda, who spent two decades
at the company before becoming CEO of Estee Lauder Cos Inc
; and Susan Arnold, former president of global business
units who is now an operating partner at private equity firm
Carlyle Group LP.

Feb 5, 2014

Exclusive: Former HP stars Bradley, Donatelli on brink of exit – sources

NEW YORK/SAN FRANCISCO (Reuters) – Two of Hewlett-Packard Co’s most powerful executives, until they were sidelined by CEO Meg Whitman, are preparing to leave the company in the coming weeks, several sources say.

Todd Bradley and Dave Donatelli have been interviewing for potential jobs for several months, four sources familiar with the situation said.

Feb 5, 2014

Former HP stars Bradley, Donatelli on brink of exit -sources

NEW YORK/SAN FRANCISCO, Feb 5 (Reuters) – Two of
Hewlett-Packard Co’s most powerful executives, until
they were sidelined by CEO Meg Whitman, are preparing to leave
the company in the coming weeks, several sources say.

Todd Bradley and Dave Donatelli have been interviewing for
potential jobs for several months, four sources familiar with
the situation said.

Feb 4, 2014

Elliott readies own director slate as Juniper finalizes turnaround plan -sources

NEW YORK, Feb 3 (Reuters) – Hedge fund Elliott Management
Corp, which owns a 6.2 percent stake in Juniper Networks Inc
, has prepared a slate of directors in the event that
the network equipment maker’s pending turnaround plan does not
achieve goals laid out by the activist investor, people close to
the matter said.

Elliott, which in January urged Juniper to return cash to
investors, consider cutting costs and conduct a strategic review
of its product portfolio, said in a statement on Monday that it
has recruited a team of leading executives who have the
“operational skills” and “deep industry experience” to make its
plan a reality.

Feb 1, 2014

Satya Nadella outran better-known candidates for Microsoft CEO

NEW YORK/SEATTLE (Reuters) – The race to determine the next head of Microsoft Corp (MSFT.O: Quote, Profile, Research) looks to have ended where it began, with the software giant poised to take the route of least risk and tap rising internal star Satya Nadella for the job.

After a bruising, five-month selection process, the list of contenders was cut to six serious candidates, with the chief executive job nearly going to Ford Motor Co (F.N: Quote, Profile, Research) CEO Alan Mulally, an outsider favored by investors lobbying for radical change.

Jan 31, 2014

Microsoft board close to naming Nadella as new CEO

NEW YORK/SEATTLE (Reuters) – Microsoft Corp is close to naming a new chief executive, most likely its cloud-computing head Satya Nadella, a source close to the matter said on Thursday, concluding a five-month long search for a heavy-hitter to lead the world’s largest software company.

As part of the move, co-founder Bill Gates may step aside as chairman but remain on the board, while lead independent director John Thompson will take on the chairman role, the source said on condition of anonymity because the process is private.