Latest Board of directors News

Microsoft shareholders defeat 2 activist proposals

Dec. 4, 2019 12:50 PM EST

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. The company said Wednesday that neither proposal got enough support, according to preliminary vote...

Nation’s largest utility in long-term deals to sell power

Nov. 14, 2019 7:33 PM EST

MEMPHIS, Tenn. (AP) — Most of the local companies that receive power generated by the Tennessee Valley Authority have signed long-term partnership agreements, but some larger customers still have not agreed to the 20-year deals, officials said Thursday. TVA President and CEO Jeff Lyash said during a Board...

Kaiser Permanente CEO Tyson dies unexpectedly at 60

Nov. 10, 2019 8:37 PM EST

Health care provider Kaiser Permanente said Sunday its chairman and CEO, Bernard J. Tyson, has died unexpectedly at the age of 60. Tyson was the first African American to head Kaiser Permanente as CEO when he took that position in 2013 after filling a number of roles over three decades at the company. No other...

Gap CEO Art Peck steps down amid slumping sales, stock price

Nov. 7, 2019 8:42 PM EST

NEW YORK (AP) — Gap announced Thursday that CEO Art Peck is stepping down as the company struggles to turn around a long-standing sales slump. The San Francisco-based retailer also lowered its earnings outlook for the year as sales at the Gap, Banana Republic and Old Navy fell in the most recent quarter....

Board of Google parent investigating sexual misconduct cases

Nov. 7, 2019 5:07 PM EST

SAN FRANCISCO (AP) — In response to shareholder lawsuits, the board at Google parent Alphabet is investigating claims of sexual misconduct made against executives and how the company handled them. CNBC first reported Wednesday that the company has hired an outside firm to examine how its executives handled...

McDonald's CEO pushed out after relationship with employee

Nov. 4, 2019 2:18 AM EST

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. The fast food giant said former president and CEO Steve Easterbrook demonstrated poor judgment, and...

Purdue Pharma paid CEO $9M in year before bankruptcy

Oct. 30, 2019 3:58 PM EDT

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. Five other board members overseeing the private company were paid a combined $3.7 million over that...

Oklahoma regent resigns after reelection as vice-chair

Oct. 23, 2019 1:32 PM EDT

NORMAN, Okla. (AP) — A member of the University of Oklahoma Board of Regents has resigned shortly after being reelected vice chairman of the panel overseeing the OU system that includes Cameron and Rogers State universities. Renzi Stone posted his immediate resignation Tuesday on Twitter after the board...

Nike CEO Mark Parker to step down in January

Oct. 22, 2019 6:57 PM EDT

NEW YORK (AP) — Nike said Tuesday that its longtime CEO Mark Parker is stepping down early next year. He will be replaced by board member John Donahoe, who formerly ran e-commerce company eBay. Parker will become executive chairman of the board. Nike's sales have been on the rise as the company focuses on...

Joe Biden's son Hunter stepping down from Chinese board

Oct. 14, 2019 1:08 PM EDT

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...