All articles tagged with #board of directors
Tesla's Chair Robyn Denholm warns shareholders that CEO Elon Musk may leave if his proposed $1 trillion performance-based compensation plan is rejected, emphasizing its importance for Musk's continued leadership and Tesla's future growth, amid opposition from proxy advisers and scrutiny over board independence.
Skydance Media announced a new board for the upcoming Paramount merger, featuring notable industry leaders including former Paramount CEO Sherry Lansing and Oracle CEO Safra Catz, to guide the company's future growth and strategy.
Skydance Media announced the new board of directors for the merged company Paramount Skydance, which will include notable figures such as Sherry Lansing, Safra Katz, and Gerry Cardinale, with David Ellison set to be the chairman and CEO, following the completion of the merger with Paramount Global.
Comcast announced the formation of a new independent media company, Versant Media Group, which will include NBCUniversal's cable networks and digital assets, with a planned spin-off by the end of 2025. The company will have a new board of directors featuring notable executives and industry leaders, and Comcast's CEO Brian Roberts will retain a significant voting interest but will not serve on the board.
Comcast announced the board of directors for its cable networks spinoff, Versant, which will become the parent company of NBCUniversal’s cable networks and digital assets, with a leadership team from diverse backgrounds in media, technology, and finance, aiming to complete the spinoff by the end of the year.
Tesla faces criticism from governance experts for delaying its annual shareholder meeting until November, well past the legal deadline, raising concerns about shareholder rights and corporate accountability, especially amid ongoing debates over CEO Elon Musk's compensation and company oversight.
Tesla's board is urged to rein in Elon Musk's political pursuits after his announcement to form the America Party caused Tesla's stock to drop nearly 7%, prompting calls for clearer boundaries and oversight to prevent further impact on the company's future.
Netflix's board has rejected the resignation of Jay Hoag despite shareholder opposition and has appointed Ellie Mertz, Airbnb CFO and former Netflix finance executive, as a new director, strengthening the company's leadership team.
Netflix shareholders voted out director Jay Hoag due to poor attendance and lack of disclosure, marking a rare instance of shareholder repudiation; Hoag offered to resign, and the board will decide whether to accept it, amid broader scrutiny of corporate governance and executive compensation.
Netflix's board will decide whether to accept the resignation of lead independent director Jay Hoag after he failed to secure a majority of shareholder votes, influenced by a report criticizing his attendance record, though his attendance has improved recently.
Tesla's board is considering new oversight measures for Elon Musk, including a potential compensation plan and governance reforms, amid shareholder concerns over Musk's divided attention across multiple ventures and recent company performance issues.
Intel is undergoing a new turnaround plan under interim CEO David Zinsner, focusing on strengthening its products division to become a leading-edge silicon provider. The company aims to boost internal orders by improving its foundry's performance. Intel also announced new board members, Steve Sanghi and Eric Meurice, both prominent figures in the chip industry. Despite a significant drop in share price over the past year, analysts maintain a Hold consensus on Intel stock, with a potential upside of 17.06%.
Intel has appointed semiconductor veterans Eric Meurice and Steve Sanghi to its board amid CEO Pat Gelsinger's departure, as the company faces leadership and market challenges. Under Gelsinger, Intel's stock fell over 56% this year, struggling against competitors like NVIDIA and TSMC. Meurice and Sanghi bring extensive industry experience, with Meurice having led ASML's significant growth and Sanghi achieving long-term profitability at Microchip Technology. Intel is now searching for a new CEO to regain its competitive edge, particularly in AI-centric computing.
Intel has appointed two new directors, Eric Meurice and Steve Sanghi, to its board as it searches for a replacement for ousted CEO Pat Gelsinger. Both directors bring significant semiconductor manufacturing experience, addressing a previous gap in expertise on the board. The search for new directors began before Gelsinger's firing, and the company is actively seeking a new CEO with the help of an executive search firm. Intel's market cap remains below $100 billion amid ongoing cost-cutting efforts.
Intel Corporation has appointed Eric Meurice, former CEO of ASML, and Steve Sanghi, chairman of Microchip Technology, to its board of directors as independent directors. Both bring extensive experience in the semiconductor industry, with Meurice having significantly increased ASML's market value and Sanghi leading Microchip Technology to long-term profitability. Their appointments are expected to enhance Intel's strategic direction and competitiveness in the semiconductor market.