corporate governance

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Diller Strikes Back at Liberty
Diller Strikes Back at Liberty

Diller Strikes Back at Liberty

IAC chairman defends his leadership as media barons' court battle concludes

(Newser) - Barry Diller struck back at Liberty Media in court yesterday, blaming CEO Greg Maffei for driving a wedge between himself and Liberty chairman John Malone by speaking “badly about our businesses and our managers.” The warring media magnates—once close partners—have been waging a court battle for...

Malone Testifies Against Diller in IAC Battle

Mogul insists that company restructuring would be breach of faith

(Newser) - John Malone has launched the first volley in his court battle with fellow media baron Barry Diller over control of IAC/InterActiveCorp. Malone testified today that the proposed restructuring of IAC breaks a longstanding agreement between the two, the Wall Street Journal reports. "It's a breach of the stewardship that...

Gore to Net a Convenient Profit in IPO
Gore to Net a Convenient Profit in IPO
OPINION

Gore to Net a Convenient Profit in IPO

Veep would net $48M on money-losing CurrentTV channel

(Newser) - CurrentTV is going public, and that means big money for founder Al Gore. But something about the deal rubs Rob Grover of BusinessWeek the wrong way. Gore is drawing a big salary, even though the little-watched channel is losing money, and the share distribution is decidedly undemocratic—Gore and CEO...

Steve Jobs: Brilliant Tyrant
Steve Jobs: Brilliant Tyrant

Steve Jobs: Brilliant Tyrant

Apple's mercurial CEO creates a risky rollercoaster ride for shareholders

(Newser) - Steve Jobs is an undisputed Silicon Valley superstar, but his genius has a price, Fortune reports. Jobs is a risk-taking, short-tempered tyrant, and those foibles make Apple a potential rollercoaster for investors. Jobs threatened the company—and his own freedom—in two separate backdating scandals, and, reports the magazine, risked...

Bahrain Arm Accuses Alcoa of Corruption

US aluminum giant bribed, defrauded, and overcharged, lawsuit alleges

(Newser) - A company controlled by Bahrain's government has filed a lawsuit in US federal court accusing metals giant Alcoa of a host of shady business practices, the Wall Street Journal reports. Pittsburgh-based Alcoa, one of the world's biggest aluminum companies, systematically overcharged Bahrain Aluminum for raw materials and funneled money to...

Moguls Take Feud to Court
Moguls Take Feud to Court

Moguls Take Feud to Court

Diller, Malone share knack for deal-making—and turn it on each other

(Newser) - The escalating fight between media barons Barry Diller and John Malone over control of IAC/Interactive Corp. has its origins in the men’s shared talent for wheeling and dealing, the New York Times reports in a portrait of the colorful, headstrong, vastly different moguls. Both have faced accusations of chasing...

Why the CEO Talent Pool Is So Small

As Citi, Merrill searches show, Wall Street is now a tough place to grow managers

(Newser) - With Citigroup and Merrill Lynch both suddenly searching for new CEOs, the Wall Street Journal looks at why the list of contenders for the top jobs at Wall Street's biggest firms is so short. Start with an earn-or-die corporate culture, which taints talented chief executives who fail to deliver in...

Remaining Democrat Leaves SEC
Remaining Democrat Leaves SEC

Remaining Democrat Leaves SEC

Commission now a one-party shop after 2nd departure in month

(Newser) - The Securities and Exchange Commission is down to three lone Republicans after the second Democrat in a month resigned yesterday, MarketWatch writes. Annette Nazareth's departure comes just two weeks after Roel Campos left the 5-seat board. And the single-party rule makes some observers—who fear that the commission will become...

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