Activist investor James McRitchie sued Meta on Oct. 3, 2022, alleging that the company’s attempt to maximize returns for investors led it to allow some of its 3.5 billion global users to more easily spread misinformation, promote violence and engage in criminal activities. Those actions have destabilized global markets and hurt Meta investors that own…
Category: boards
Will Fox News Board Pay a Price for the Network’s Big Lies?
“What Paul Ryan said is an invitation to a shareholder lawsuit,” says Nell Minow, vice-chair of ValueEdge Advisors, and a longtime shareholder rights advocate. Former House Speaker Ryan, a member of the NewsCorp board, repeatedly voiced his concern internally about the direction Fox News had taken by pushing 2020 election lies, but told an interviewer…
What Should the News Corp Board Do Now?
Oliver Darcy of CNN asked Yale professor Jeffrey Sonnenfeld how the News Corp board should respond to revelations from the depositions of Rupert Murdoch and others that insiders knew the allegations of a rigged or stolen Presidential election were false but did not say so on air for fear of losing viewers. He called on…
Boards of directors and the media generally ‘get it right’ in rewarding CEOs based on performance, study shows | News | Notre Dame News | University of Notre Dame
We are not persuaded by the connection between rhetoric and results here. Even if these findings are true today, the indicators are too easily manipulated to continue to be of value. As we learn more about this study, we will report further. A main focus in corporate governance research is whether boards of directors and…
Senator Elizabeth Warren’s Letter to the Tesla Board Chair About Elon Musk
Senator Elizabeth Warren has written to Dr. Robyn Denholm, Tesla’s Board chair, to raise questions about conflicts of interest, use of Tesla resources for Twitter, and other concerns over Elon Musk’s Twitter acquisition. The full text is below. Highlights [footnotes omitted]: Mr. Musk’s acquisition created unavoidable conflicts of interest. For example, Twitter relies on advertising…
How Can Anyone Think Fox Has Genuinely Independent Directors?
According to The Wrap: Rupert Murdoch has pledged to follow the recommendations of special committees of the Fox Corp. and News Corp. boards on his proposal to recombine his media empire. Fox Corp. said Tuesday that the special committee of the board named to evaluate the plan to bring it back together with News Corp. received letters…
Betsy Atkins — How to be a Better Director Right From the Start
There’s no director we admire more than Betsy Atkins and her advice is always worthwhile.
Elon Musk Dissolves Twitter Board, Crowns Himself as ‘Sole Director’
This is why there’s a G in ESG — a governance risk red flag the size of Alaska. We suspect that Musk’s other equity investors will have something to say about this. Elon Musk dissolved Twitter’s board and made himself the “sole director” of the company after all previous members were removed from their roles,…
Directors Resign from the Boards of Five Companies in Response to Justice Department Concerns about Potentially Illegal Interlocking Directorates | OPA | Department of Justice
The Department of Justice announced the resignation of seven directors from interlocking board seats. The Justice Department announced today that seven directors have resigned from corporate board positions in response to concerns by the Antitrust Division that their roles violated the Clayton Act’s prohibition on interlocking directorates. Section 8 of the Clayton Act (Section 8)…
PWC Directors Survey 2022
PWC’s annual directors survey shows a “new trust crisis,” a widening disparity between corporate insiders’ opinions on how they are perceived by consumers and the reality. While 87% of business executives believe consumers highly trust their company, only 30% of consumers actually do. Trust is hard won and easily lost, and stakeholders are coming to…
ValueEdge Advisors 