U.S. company directors compensated more than ever, but now risk backlash

(This November 8 story corrects spelling of analytics firm ESGauge, paragraph 10) Warren Buffett, chairman and CEO of Berkshire Hathaway, speaks while Bill Gates looks on at Columbia University in New York, U.S., January 27, 2017. REUTERS/Shannon Stapleton By Tim McLaughlin BOSTON (Reuters) – It’s nice work if you can Continue Reading

AT&T to add directors, sell up to $10 billion in assets next year

(Reuters) – AT&T Inc on Monday unveiled a three-year strategic plan that included selling up to $10 billion worth of businesses next year, paying off all its debt from the purchase of Time Warner and adding two new board members, bowing to pressure from activist investor Elliott Management. The second-largest Continue Reading

Voce says Argo ROE could double with cost cuts, nominates five directors

BEVERLY HILLS, Calif. (Reuters) – An activist hedge fund said on Tuesday that insurance company Argo Group International Holdings Ltd could double its return on equity if it cut $100 million in costs, including millions spent on corporate jets and housing for its chief executive. Voce Capital Management LLC is Continue Reading

Proxy adviser ISS recommends against three directors at Sturm Ruger

BOSTON (Reuters) – Institutional Shareholder Services recommended investors withhold support from three directors at gunmaker Sturm Ruger & Co ahead of its May 8 annual meeting, the top proxy adviser said in a report seen by Reuters on Friday. Sturm Ruger has been under pressure from gun control activists over Continue Reading