Category: Corporate governance

Icahn nabs Transocean stake after Macondo settlement

Icahn typically invests in undervalued companies and uses his stake to force changes in management or corporate governance.  More »

Steffy: Chesapeake gives shareholders more say, CEO less pay

The board of Chesapeake Energy offered a stinging referendum on the leadership of chief executive Aubrey McClendon, embracing sweeping governance changes and slashing executive and director pay.  More »

Chesapeake: shareholders get more say, CEO less pay

The sweeping changes are a sign that the days of McClendon using the company as his personal financial playground are over.  More »

Judge strikes down rule capping speculative trades

The judge said the Commodity Future Trading Commission failed to show that trading caps were necessary.  More »

FERC says JPMorgan power-trading unit faces suspension

The order is part of FERC’s effort to eliminate manipulation of the electricity market.  More »

CEO of DCP Midstream General Partner resigns

The CEO of DCP Midstream’s general partnership, Mark Borer, has said that he will resign at the end of 2012, the company announced Tuesday morning in a written statement.  More »

2 quit Duke board, say new CEO needed

Hours after the merger deal was done, the top Progress Energy executive who the companies had promised for 18 months would lead the combined company was out.  More »

Weatherford estimates $100 million charge in 2nd quarter

The charge would settle allegations of improper sales to nations with sanctions.  More »

Duke to NC regulators: CEO’s term not guaranteed

Duke Energy Corp.’s surprise CEO said Tuesday that America’s largest electric company dumped Progress Energy Inc. CEO Bill Johnson the same evening it was created in a merger because directors of the two merging corporations worried about Johnson’s authoritarian style and being forced to pump billions into a troubled Florida nuclear plant.  More »

Dynegy Inc. makes bankruptcy filing

Long-struggling power producer Dynegy Inc. filed for bankruptcy, joining its subsidiary that filed for Chapter 11 protection last year. The parent company will merge with its Dynegy Holdings unit as part of a plan to reorganize both companies.  More »

Nabors shareholders approve director proposal

Columnist Loren Steffy details today’s vote by Nabors Industries shareholders today in favor of a proposal that could give them more latitude in nominating candidates for the drilling contractor’s board.  More »

Judge considers delaying Chesapeake annual meeting

An attorney said a shareholders’ meeting scheduled for Friday should be put off to give Chesapeake Energy Corp. more time to provide shareholders with the information they need to determine whether the company’s board of directors has been doing its job.  More »