Tag: shareholders

Europe’s Planned Rival to Visa and Mastercard Appeals for Public Funding

LONDON—A planned pan-European payments network backed by 22 banks to compete with U.S. duo Mastercard and Visa appealed on Tuesday for public money, saying its private backers were not prepared to stump up all the cash needed. The European Payments Initiative (EPI) was launched last year and is seeking to get more banks and other…


ISS Urges Tesla Investors Not to Reelect James Murdoch, Kimbal Musk

Proxy advisory firm Institutional Shareholder Services (ISS) is recommending that Tesla investors not reelect directors James Murdoch and Kimbal Musk because the board approved excessive compensation packages to non-executive board members. Tesla shareholders will cast ballots on Oct. 7 on cutting director terms to two years, eliminating a supermajority vote requirement to approve certain changes,…


US Company Executives Rate Home Country as Top Stakeholder: Survey

A global pandemic, supply chain shocks, and rising geopolitical tensions has elevated the importance of national security for business leaders. A new survey showed that company executives in the United States rate home country as a top stakeholder, placing it above shareholders and customers. The day when the companies fixated only on creating long-term value…


French Energy Giant Total Stops Payments on Burma Pipeline

BANGKOK—Shareholders of the French energy company Total have voted to suspend payments of dividends to stakeholders in the joint venture company running a gas pipeline in Burma, the company said Wednesday. Pressure has been growing on companies with investments or operations linked to the Burma (also known as Myanmar) military to suspend any financial support following…


Battle for Orange County’s CoreLogic Leads to Private Equity Takeover  

Commentary Irvine-based CoreLogic Inc. (NYSE: CLGX) is being purchased by two private equity funds for about $7.7 billion, a figure that includes about $6 billion—or $80 per share—buyout for current stakeholders. The purchase price also includes $1.7 billion in debt owed by CoreLogic.  The acquisition will be funded with $2.5 billion already invested in the…