In the Margins
Activist hedge fund Starboard Value LP launched a proxy fight on Thursday to remove the entire board of Yahoo Inc., including CEO Marissa Mayer. Starboard, which owns about 1.7% of Yahoo, has been pushing for changes at the company since 2014; the hedge fund said in a letter to Yahoo shareholders that it would nominate nine candidates for the board. Read original stories from Reuters, Mashable, Fortune, USA Today, and The Wall Street Journal.
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Congress created business development companies in 1980 to support job growth and help emerging companies raise funds. As of 2023, there were 139 BDCs with $312 ...
The Vanguard board expects to add two new independent directors in early 2025 to fill seats that will be vacated when two long-serving independents retire. The ...
The bottom line: In the near term, it’s not likely that the roles and activities of mutual fund directors will change much. There will be no ...
The Securities and Exchange Commission this week said it found "deficiencies" and "weaknesses" in mutual funds' governance practices during examinations over the past four years. The ...