DETROIT (AP) — Twitter has dropped a major roadblock in front of Elon Musk’s effort to take over the company, leaving investors to wonder about the mercurial Tesla CEO’s next move.
The social media company has adopted a “poison pill” defense that makes it difficult for Musk or any other investor to buy Twitter without the board of directors’ approval.
PROVIDENCE, R.I. (AP) — Twitter said Friday that its board of directors has unanimously adopted a “poison pill” defense in response to Tesla CEO Elon Musk’s proposal to buy the company for more than $43 billion and take it private.
PROVIDENCE, R.I. (AP) — Tesla CEO Elon Musk's great Twitter turnabout — in which he disclosed his massive stake in the social media company, got a seat on its board, publicly floated drastic changes and then turned down the board role — all happened in a week.
SAN FRANCISCO (AP) — Billionaire Elon Musk, one of Twitter's biggest shareholders, is reversing course and will no longer join the company's board of directors, less than a week after being awarded a seat.
Elon Musk is joining Twitter's board of directors a day after revealing that he'd become the social media platform's largest shareholder with a 9% stake.
MENLO PARK, Calif. (AP) — Peter Thiel, a Silicon Valley billionaire and advisor to former President Donald Trump, is leaving the board of directors of Facebook parent company Meta.
The company said Monday that Thiel will stay on until Meta’s next shareholder meeting later this year, where he will not stand for reelection.
BERLIN (AP) — Russian state-owned gas company Gazprom said Friday that German ex-Chancellor Gerhard Schroeder has been nominated to join its board of directors, a move that comes as the former leader has faced criticism for accusing Ukraine of “saber-rattling” during its standoff with Russia.
NEW YORK (AP) — Few had heard of Engine No. 1 until it shocked corporate America this year by pushing Exxon Mobil to revamp its board of directors, in part to focus more on clean energy. Now it’s bringing its active-ownership approach to the world of stock index funds, which sit at the heart of most investors’ retirement accounts.
MADRID (AP) — The daughter of the founder of Spanish clothing company Inditex, which owns Zara, Massimo Dutti and other fashion chains, has been named as the company's next chairperson. woman, the company said Tuesday.
DUBAI, United Arab Emirates (AP) — The chairman of Dubai-based real estate developer Union Properties was dismissed from the company's board on Tuesday, a day after the firm disclosed that a top prosecutor in the United Arab Emirates had called for his detention amid an investigation into alleged financial wrongdoing.
NEW YORK (AP) — The CEO of Ozy Media on Monday said it had been “premature” to shut down the company and that he wants to keep operating, despite a scandal-ridden week that exposed Ozy as an outlet without much of an audience.
ARLINGTON, Va. (AP) — The Securities and Exchange Commission on Friday approved Nasdaq's groundbreaking proposal to boost the number of women, racial minorities and LGBTQ people on U.S. corporate boards.
TOKYO (AP) — Battered Japanese nuclear and electronics giant Toshiba Corp. faced off with shareholders Friday, seeking to shake off serious questions about governance at the once revered brand.
After a meeting lasting nearly three hours, Tokyo-based Toshiba failed to win shareholder approval for the reappointment of Chairman Osamu Nagayama and one other member of the board of directors.
HONG KONG (AP) — Hong Kong’s sole remaining pro-democracy newspaper published its last edition Thursday after five editors and executives were arrested and millions of dollars in its assets were frozen as part of China's increasing crackdown on dissent in the semi-autonomous city.
NEW YORK (AP) — Exxon Mobil shareholders have unseated a third board member in their bid to force the oil giant to deal more aggressively with climate change.
The company announced Wednesday that three candidates nominated by a dissident group of shareholders, called Engine No.
COOPERSTOWN, N.Y. (AP) — Baseball’s Hall of Fame has accepted Roberto Alomar’s resignation from the board of directors, chairman Jane Forbes Clark announced Monday...
Boeing's board of directors raised the mandatory retirement age for CEO David Calhoun from 65 to 70 just days after he turned 64...
Brian A. Gallagher, who has led United Way Worldwide, the world’s largest privately funded nonprofit since 2009, abruptly announced his resignation Tuesday amid claims that the charity mishandled internal allegations of sexual harassment and discrimination...
CLEVELAND (AP) — Ohio’s largest electric utility, its reputation battered by scandal, has been besieged by more than a dozen lawsuits filed by angry shareholders who include some of the country’s biggest institutional investors.
SILVER SPRING, Md. (AP) — DraftKings had a big bounce on Wall Street Wednesday on news that basketball legend Michael Jordan is taking an ownership stake in the sports betting site...
ORLANDO, Fla. (AP) — SeaWorld Entertainment's chief executive has resigned only five months into his job, becoming the third leader of the theme park company to depart in just over two years, according to a company filing released Monday...
Microsoft's shareholders have defeated two proposals by activist investors calling for the company to add a rank-and-file employee on its board of directors and report on gender disparities in company salaries...
Health care provider Kaiser Permanente said Sunday its chairman and CEO, Bernard J. Tyson, has died unexpectedly at the age of 60...
NEW YORK (AP) — McDonald's chief executive officer has been pushed out of the company after violating company policy by engaging in a consensual relationship with an employee, the corporation said Sunday...
OxyContin maker Purdue Pharma paid its CEO $9 million and its board chairman nearly $4 million in the 12 months before the company's bankruptcy filing last month, according to recently filed financial documents...
NEW YORK (AP) — Facing intense scrutiny from President Donald Trump and his Republican allies, Hunter Biden says he will step down from the board of directors of a Chinese-backed private equity firm at the end of the month as part of a pledge not to work on behalf of any foreign-owned companies should his father win the presidency...
NEW YORK (AP) — Facing intense scrutiny from President Donald Trump and his Republican allies, Hunter Biden said Sunday he will step down from the board of directors of a Chinese-backed private equity firm at the end of the month as part of a pledge not to work on behalf of any foreign-owned companies should his father win the presidency...
NEW YORK (AP) — Devin Wenig, the CEO of eBay, stepped down over differences with the company's board of directors...
SAN FRANCISCO (AP) — Walt Disney Co. CEO Robert Iger has stepped down from Apple's board of directors as the two companies prepare to launch competing video streaming services aimed at market leader Netflix.
NEW YORK (AP) — WeWork's parent company announced major changes in its corporate governance practices Friday as it revealed plans to list shares on the Nasdaq.
The office-sharing company is pressing on with its highly anticipated stock market debut — expected later this month — despite doubts about its ability to make money and decisions that have raised commitment and conflict of interest concerns about CEO Adam Neumann.
LAS VEGAS (AP) — A company backed by tech billionaire Elon Musk has been awarded a nearly $49 million contract to build a transit system using self-driving vehicles underneath the Las Vegas Convention Center...
PALO ALTO, Calif. (AP) — Tesla plans to cut its board of directors from 11 to seven in a move the electric-car maker says will allow the board to act more nimbly and efficiently...
NEW YORK (AP) — Papa John's is getting "Shaq-ified."
The pizza chain said Friday that basketball Hall of Famer Shaquille O'Neal will be its new pitchman, appearing in TV commercials and promoting Papa John's in other ways.
NEW YORK (AP) — Fox Corp., the Fox assets that are not part of Disney's $71.3 billion acquisition of Fox's entertainment assets, began trading as a stand-alone company on Tuesday.
The New York company also appointed several people to its board of directors, including former Speaker of the House Paul Ryan and Chase Carey, a former executive Twenty-First Century Fox.