Restructuring at Deutsche Bank

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Germany’s largest bank, Deutsche Bank, has begun a string of layoffs that will result in 20 percent fewer employees or 18,000 jobs. Questions: This slashing in jobs happened on the first day takeover of the new CEO. Who is the CEO? What happened to shares of Deutsche Bank after word of this sweeping overhaul? How… Read more »

Separation of Power

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Netflix shareholders will vote on at the company’s annual meeting on Monday is a proposal by two public pension funds to separate the roles of chairman and chief executive. Both are held by Reed Hastings, Netflix’s co-founder. Questions: 1. Who are the backers of this corporate governance issue and why do you think they are… Read more »

Martha Stewart- Wildcard, Visionary, but Not a CEO

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There are very few corporate leaders whose interests are more closely aligned with their shareholders’ than the homemaking icon, Martha Stewart. She owns 26 million shares and controls nearly 90 percent of the voting rights of her company Martha Stewart Living Omnimedia. While the company lost $50.7 million dollars in the most recent quarter, this… Read more »

Power to the Employees

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While it is traditionally rare for employee-shareholders to exercise their voting power, the winds may be shifting. According to Morgenson, employee-shareholders are banding together to vote against executive pay in this proxy season. Although she is not sure what actual impact their votes had, at Citigroup, shareholders as a group voted down the $15 million… Read more »

The Delmonte Deal in the News

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Del Monte and Barclays Capital said on Oct. 6 they had agreed to pay $89.4 million to Del Monte shareholders to settle a lawsuit that alleged conflicts of interest in last year’s $5.3 billion buyout of the company by Kohlberg Kravis Roberts, Vestar Capital and Centerview Partners. The case centered on Barclays advising Del Monte… Read more »