Credit Suisse under fire from proxy advisers for CEO bonus
Credit Suisse’s shareholders should vote against the bank’s compensation report at the April 26 annual general meeting, proxy adviser Glass Lewis said, citing an “unjustified CEO bonus increase” for Chief Executive Tidjane Thiam.
Investors hit pause as central bank and Brexit risks loom
World stocks paused on Monday after a strong recent run, as potential flashpoints including a crucial Brexit summit and central bank meetings loomed, and investors began to look ahead to an earnings season that may be disappointing.
Activist Bramson renews vote plea to Barclays shareholders
Activist Sherborne Investors on Monday wrote another letter to shareholders of Barclays seeking to drum up support for the election of its founder Edward Bramson to the board of the British bank.
Boeing’s 737 production cut hits suppliers’ shares
Boeing’s decision to cut the production of its 737 aircraft hit the shares of its suppliers on Monday while its European rival Airbus rose.
With one final vote, Nissan shareholders dump Ghosn, seek clarity on company’s future
Nissan Motor Co shareholders ousted Carlos Ghosn as a director on Monday, severing his last tie with the Japanese automaker he rescued from near-bankruptcy two decades ago and from which he is now accused of siphoning funds.
EU’s Vestager says Europe must lead the way with a digital tax
Europe needs to decide on a digital tax and should lead the way if there is insufficient consensus globally, the EU competition commissioner Margrethe Vestager, said on Monday.
Credit Suisse under fire from proxy advisor for ‘unjustified’ CEO bonus
Credit Suisse’s shareholders should vote against the bank’s compensation report at the April 26 annual general meeting, proxy advisor Glass Lewis said, citing an “unjustified CEO bonus increase” for Chief Executive Tidjane Thiam.
Scandal-prone Korean Air chairman dies weeks after board ouster
Korean Air patriarch, chairman and CEO Cho Yang-ho died of a chronic illness on Monday, weeks after shareholders ended his 27-year tenure on the board of the country’s biggest carrier due to perceived leadership failings.
Carlyle to buy up to $4.8 billion stake in Cepsa from Abu Dhabi’s Mubadala
U.S. buyout firm Carlyle Group has agreed to buy between 30 and 40 percent of Spanish energy company Cepsa from Abu Dhabi state investor Mubadala, valuing the stake at as much as $4.8 billion.
Ashley raises pressure on Debenhams ahead of lender deadline
Sports Direct boss Mike Ashley battled to take control of Debenhams on Monday just hours before it was due to fall into the hands of lenders, offering to underwrite a rescue plan while picking another fight with its board.
