Tag: Boards of Directors

Supreme Court Case Could Have Huge Effect on Puerto Rican Debt Crisis

WASHINGTON — The Supreme Court seemed prepared on Tuesday to reject a constitutional challenge to the federal response to the worst debt crisis in Puerto Rican history, one that threatened basic services like schools and hospitals, some $50 billion in public pension obligations and more than $70 billion in debts to bondholders. The crisis got […]

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Hunter Biden to Leave Chinese Company Board, His Lawyer Says

Hunter Biden, son of Joseph R. Biden Jr., the former vice president and a Democratic presidential candidate, intends to step down from the board of a Chinese company by the end of the month, according to a statement from his lawyer. Hunter Biden’s lawyer, George Mesires, said in a statement on Sunday that Mr. Biden […]

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New Nissan Pay Problems Point to Conflicts at the Top

TOKYO — An outside law firm investigating problems at Nissan, the troubled Japanese automaker, this summer discovered some potentially explosive information. Hari Nada, a powerful Nissan insider who was behind the ouster last year of Nissan’s chairman, Carlos Ghosn, over compensation issues, had been improperly overpaid himself, the firm found. A second insider involved in […]

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New Scrutiny of Museum Boards Takes Aim at World of Wealth and Status

Warren B. Kanders, a vice chairman of the Whitney Museum of American Art, had just been driven out by a cascading protest over his company’s sale of law enforcement and military supplies. And his fellow trustee Kenneth C. Griffin was livid. So hours after Mr. Kanders resigned in July, Mr. Griffin, a hedge fund titan […]

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The Week the C.E.O.s Got Smacked

One wanted to “elevate the world’s consciousness.” Another aspired to “make a bigger difference around the world.” A third, speaking of climate change, said, “We owe it to our children to find the right answers.” This soaring rhetoric did not emanate from motivational speakers or religious leaders. It was uttered by wealthy chief executives hoping […]

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Iger Departs Board of Apple, Disney’s New Streaming Competitor

LOS ANGELES — Robert A. Iger, Disney’s chief executive and chairman, has resigned from the board of Apple, whose growing Hollywood operation would have made it harder for him to fully engage as one of its directors. Mr. Iger, 68, resigned on Tuesday, according to an Apple filing on Friday with the Securities and Exchange […]

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Nissan Board Set to Meet as It Faces a Leadership Crisis

Nissan’s board of directors is set to meet on Monday as the company’s top executive, Hiroto Saikawa, faces a widening crisis of confidence in his leadership. The board is expected to hear the results of a 10-month investigation into the company that was prompted by the arrest last November of Carlos Ghosn, its former chairman, […]

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Save Capitalism by Paying People More

American businesses are sending a clear message: They need to focus on doing more than making profit. Yesterday, the Business Roundtable, which represents the largest corporations in the United States, published a new, broader statement about the purpose of business, declaring that delivering shareholder value is not enough. The United States Chamber of Commerce, which […]

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New York Expands N.R.A. Inquiry to Group’s Board Members

With the gun debate intensifying in the wake of last weekend’s mass shootings in El Paso and Dayton, Ohio, the National Rifle Association’s problems deepened Monday evening as the New York attorney general’s office issued a subpoena seeking documents from more than 90 current and former members of the organization’s board. The subpoena is an […]

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New York Knows Its Arts Organizations Have a Diversity Problem. Now What?

In a city that prides itself on both the diversity of its population and its globally recognized cultural institutions, there is a lopsided reality: While about two-thirds of New Yorkers are people of color, two-thirds of the people who run its cultural institutions are white. This disparity is outlined in the results of a new […]

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Ex-Corporate Lawyer’s Idea: Rein In ‘Sociopaths’ in the Boardroom

Jamie Gamble spent most of his career as a partner at the law firm Simpson Thacher & Bartlett, which counts virtually every major company in the United States — including Facebook, General Motors, Google and JPMorgan Chase — among its clients. A longtime lawyer for the insurance giant American International Group, Mr. Gamble worked alongside […]

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The Crisis Lurking in Californians’ Taps: How 1,000 Water Systems May Be at Risk

COMPTON, Calif. — It was bath time and Rosalba Moralez heard a cry. She rushed to the bathroom and found her 7-year-old daughter, Alexxa, being doused with brown, putrid water. “We kept running the tub, we turned on the sink, we flushed the toilet. All the water was coming out dirty,” Ms. Moralez said. For […]

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Elizabeth Warren Calls on Former F.D.A. Chief to Quit Pfizer Board

Senator Elizabeth Warren on Tuesday called on Dr. Scott Gottlieb, the former commissioner of the Food and Drug Administration, to resign from the board of Pfizer, saying his decision to join one of the country’s leading pharmaceutical companies “smacks of corruption.” Ms. Warren, who is seeking the Democratic presidential nomination, said in a public letter […]

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Nissan Reappoints Saikawa to Board as Shareholders Hammer Renault

YOKOHAMA, Japan — Nissan’s embattled chief executive, Hiroto Saikawa, was re-elected to the company’s board on Tuesday, during an annual meeting in which shareholders vented their anger at the scandal-wracked company’s French partner, Renault. Mr. Saikawa apologized on Tuesday to shareholders gathered at a hotel in Yokohama, where Nissan is based, for the company’s financial […]

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