Disney (DIS) has hit back at activist investor Nelson Peltz amid its ongoing proxy battle with the hedge fund billionaire. “Nelson Peltz does not understand Disney’s businesses and lacks the skills and experience to assist the board in delivering shareholder value in a rapidly shifting media ecosystem,” Disney said in an updated proxy statement on Tuesday, adding: “The current Disney board is the right board for shareholders.” The company once again defended its stock performance under CEO Bob… Source link
Read More »bne IntelliNews – Yandex Board gathers in Istanbul after parent company announces intention to exit Russia
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The Board of Russian tech giant Yandex announced last Friday that it had “commenced a strategic process to review options to restructure the group’s ownership and governance”, citing “the current geopolitical environment.” In particular, the Board confirmed that it would explore options “to enable the development of certain services (including the… Source link
Read More »bne IntelliNews – Yandex Board gathers in Istanbul after parent company announces intention to exit Russia
The Board of Russian tech giant Yandex announced last Friday that it had “commenced a strategic process to review options to restructure the group’s ownership and governance”, citing “the current geopolitical environment.” In particular, the Board confirmed that it would explore options “to enable the development of certain services (including the… Source link
Read More »bne IntelliNews – Yandex Board gathers in Istanbul after parent company announces intention to exit Russia
The Board of Russian tech giant Yandex announced last Friday that it had “commenced a strategic process to review options to restructure the group’s ownership and governance”, citing “the current geopolitical environment.” In particular, the Board confirmed that it would explore options “to enable the development of certain services (including the… Source link
Read More »bne IntelliNews – Yandex Board gathers in Istanbul after parent company announces intention to exit Russia
The Board of Russian tech giant Yandex announced last Friday that it had “commenced a strategic process to review options to restructure the group’s ownership and governance”, citing “the current geopolitical environment.” In particular, the Board confirmed that it would explore options “to enable the development of certain services (including the… Source link
Read More »Musk identified potential successor as CEO, Tesla board member says
When it comes to litigation, it’s surprising the kinds of revelations that come out when someone is under oath. And that includes what’s next for Tesla’s (TSLA) leadership. During testimony yesterday at trial over Elon Musk’s 2018 pay package, Tesla board member James Murdoch testified that Elon Musk has identified someone as a potential successor for his role as CEO at Tesla. “He actually has,” Murdoch said when a plaintiff’s attorney asked him to confirm that Musk has never… Source link
Read More »Rising butter prices could pose threat to TikTok’s butter board trend
The butter board craze is spreading across the internet, but rising butter costs could soon put an end to the trend. In August, the average price of a stick of butter (453.6 gm) cost nearly $4.70, up from $3.63 a year ago. It’s the highest price since the Bureau of Labor Statistics (BLS) began documenting average price data for butter in 2018. In the past year alone, the price of fats and oils increased 29.3%, with margarine up 38.3% and butter up by 24.6%. Still, consumers are eating up the… Source link
Read More »Yahoo Appoints Jen Rubio to its Board of Directors
NEW YORK–(BUSINESS WIRE)–Yahoo today announced the appointment of Jen Rubio, Co-Founder and CEO of travel lifestyle brand Away to its Board of Directors. Rubio becomes the seventh independent director to join the Yahoo Board, adding to its expansive and diverse expertise to help guide Yahoo in its growth and transformation. Today, Yahoo reaches nearly 900 million people globally, with products spanning finance, sports, shopping, gaming and news. “We are thrilled to add a… Source link
Read More »60% of CEOs expect recession by 2023: Conference Board
Fears of an economic downturn are growing among CEOs, with some convinced the economy has already rolled over. The majority of chief executive officers and other C-suite leaders across the globe believe their geographic region will enter a recession by the end of 2023, according to a survey from the Conference Board released Friday. The business research firm found that 60% of CEOs expect the economy to contract in their primary area of operations in the next 12 to 18 months. Some 15% of CEOs… Source link
Read More »Yahoo Appoints Actress Jessica Alba To Board Of Directors – Deadline
Actress and co-founder of the Honest Company (a consumer wellness products firm) Jessica Alba, has become a Yahoo board member. Alba was chosen from a group of tech, media, finance, sports entertainment and private equity. Yahoo selected a group of all-inclusive group of leaders to support its new era of growth and transformation. According to Reuters author Alba will be joined by Aryeh Bourkoff, the chief executive officer of LionTree, Fouad ElNaggar, the CEO of tech firms Array and… Source link
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