ShakeUp Archives -
Samsung Electronics surprised investors and South Korean lawmakers by saying the conglomerate would cancel some $ 35 billion in legacy treasury shares and forgo restructuring into a holding company.
WSJ.com: What’s News Asia
President Trump is said to be unhappy with the infighting among his top aides, and chief of staff Reince Priebus and chief strategist Steve Bannon could be on the list for removal or reassignment.
WSJ.com: What’s News Asia
Banc of California was at a high point last summer.
The Irvine lender’s assets had topped $ 10 billion, a milestone for a bank that had assets of less than $ 1 billion just five years earlier. Impressed investors sent its notoriously cheap stock to a post-recession high.
And in August, its ambitious…
Change at the Federal Reserve could come quickly with President-elect Donald Trump's team pledging to promptly fill high-level central bank jobs and roll out a tax and fiscal plan that could rewrite policymakers' core economic assumptions. Fed officials already say their plan to gradually increase interest rates may need to be accelerated to accommodate the new administration's economic proposals, which could push inflation higher. The concerns for Fed Chair Janet Yellen are broader as she faces a 14-month window to preserve her legacy and try to ensure the central bank's independence in the face of a possible four or more Trump appointees to its seven-member Board of Governors.
Big shake-up No. 2 for Donald Trump’s presidential transition team: Former House Intelligence Committee Chairman Mike Rogers, who had been leading the national security part of the team, resigned Tuesday. In a statement reported by Politico , he called his time “during the initial pre-election planning phase … a privilege” and framed…
Paula Schneider plans to exit her post as American Apparel chief executive Oct. 3, WWD has learned. She is to be succeeded by the company’s general counsel and chief administrative officer, Chelsea Grayson, who is in the process of transitioning into the role.
The change comes on the heels of the…
By Jessica Toonkel NEW YORK (Reuters) – As Viacom Inc prepares for the impending departure of CEO Philippe Dauman, his interim replacement, Thomas Dooley, is planning to reach out to investors, setting a new tone for a company that has kept communications minimal. Dooley plans to set up meetings between shareholders and heads of Viacom networks, which include Comedy Central, MTV and Nickelodeon, two people familiar with the situation said on Friday. Viacom has been embroiled in a legal battle between Dauman and some members of its board on one side and controlling shareholder Sumner Redstone and his daughter, Shari Redstone, on the other, over control of Redstone's $ 40 billion media empire, which includes Viacom and CBS Corp .