Paritosh's Feed
Feb 12, 2012

Investor activists see little to “like” in Facebook

NEW YORK (Reuters) – A new crop of companies entering the U.S. public markets, including such high-profile offerings as Facebook, are turning the clock back on the way U.S. corporations are run.

Facebook, Groupon Inc (GRPN.O: Quote, Profile, Research), LinkedIn Corp (LNKD.N: Quote, Profile, Research), Zynga Inc (ZNGA.O: Quote, Profile, Research) and others have put in place governance provisions that go against a long-term swing towards more shareholder-friendly rules.

Feb 9, 2012

Analysis: Investor activists see little to “like” in Facebook

NEW YORK (Reuters) – A new crop of companies entering the U.S. public markets, including such high-profile offerings as Facebook, are turning the clock back on the way U.S. corporations are run.

Facebook, Groupon Inc, LinkedIn Corp, Zynga Inc and others have put in place governance provisions that go against a long-term swing towards more shareholder-friendly rules.

Feb 9, 2012

ANALYSIS: Investor activists see little to “like” in Facebook

NEW YORK (Reuters) – A new crop of companies entering the U.S. public markets, including such high-profile offerings as Facebook, are turning the clock back on the way U.S. corporations are run.

Facebook, Groupon Inc (GRPN.O: Quote, Profile, Research), LinkedIn Corp (LNKD.N: Quote, Profile, Research), Zynga Inc (ZNGA.O: Quote, Profile, Research) and others have put in place governance provisions that go against a long-term swing towards more shareholder-friendly rules.

Feb 8, 2012

Exclusive: Olympus ex-CEO plans tell-all book

NEW YORK (Reuters) – Michael Woodford, the former CEO of Olympus Corp (7733.T: Quote, Profile, Research) who blew the whistle on a $1.7 billion financial fraud, is planning to write a book about his experience uncovering the scandal at the Japanese maker of cameras and medical equipment.

The first version, in Japanese, is expected as early as June, Woodford told Reuters in an interview on Wednesday.

Feb 7, 2012

Exclusive: Facebook governance a concern for Calif pension fund

NEW YORK (Reuters) – Facebook’s corporate governance rules, which give shareholders little say in how the social networking website would be run as a public company, are raising the hackles of one of the largest U.S. investors, the California State Teachers’ Retirement System.

The pension fund, which has a portfolio valued at around $145 billion, is planning to send a letter to Facebook, hoping to engage the social networking website on corporate governance, two CalSTRS executives told Reuters in an interview on Monday.

Feb 7, 2012

Facebook governance a concern for Calif pension fund

NEW YORK, Feb 6 (Reuters) – Facebook’s corporate
governance rules, which give shareholders little say in how the
social networking website would be run as a public company, are
raising the hackles of one of the largest U.S. investors, the
California State Teachers’ Retirement System.

The pension fund, which has a portfolio valued at around
$145 billion, is planning to send a letter to Facebook, hoping
to engage the social networking website on corporate governance,
two CalSTRS executives told Reuters in an interview on Monday.

Jan 30, 2012

More than ever, businesses must think ‘what if’

DAVOS, Switzerland (Reuters) – A tumultuous 12 months that saw revolutions in the Middle East, a worsening debt crisis in Europe and a tsunami in Japan has set the tone for corporate activity in 2012.

Caution, flexibility, nimbleness and deep knowledge of host countries are more important than ever, executives and their advisers said at the World Economic Forum’s annual meeting.

Jan 29, 2012

Analysis: More than ever, businesses must think “what if”

DAVOS, Switzerland (Reuters) – A tumultuous 12 months that saw revolutions in the Middle East, a worsening debt crisis in Europe and a tsunami in Japan has set the tone for corporate activity in 2012.

Caution, flexibility, nimbleness and deep knowledge of host countries are more important than ever, executives and their advisers said at the World Economic Forum’s annual meeting.

Jan 28, 2012

Bankers resist regulatory restraint on bonuses

DAVOS, Switzerland (Reuters) – Budding bankers expecting the bumper bonuses of years gone by will have to think again, with only the top performers likely to be paid top dollar.

Business leaders and bankers at the annual Davos forum were largely dismissive of attempts to cap or restrict compensation in the financial services industry through regulation.

Jan 27, 2012

NYSE CEO sees low odds for D.Boerse deal but hopeful

DAVOS, Switzerland (Reuters) – NYSE Euronext (NYX.N: Quote, Profile, Research, Stock Buzz) Chief Executive Duncan Niederauer sees a 10 percent to 20 percent chance that his $9 billion merger with Deutsche Boerse (DB1Gn.DE: Quote, Profile, Research, Stock Buzz) will be approved, but the low odds do not mean he is giving up hope yet.

Niederauer has spent the last few days meeting European antitrust commissioners and policy makers in Davos, Switzerland, to make a case for why the deal should be allowed to go through.