Corporate Board Diversity Increased in 2021. Some Ask What Took So Long.

Some executives say corporate boards have often overlooked qualified women and nonwhite people. That may be changing.

#appointments-and-executive-changes, #black-people, #boards-of-directors, #corporate-social-responsibility, #corporations, #hispanic-americans, #minorities, #race-and-ethnicity, #women-and-girls

How Bank Regulators Are Trying to Oust a Trump Holdover

Jelena McWilliams, the FDIC’s chairwoman, doesn’t always go along with President Biden’s agenda. Other regulators want to push her out.

#banking-and-financial-institutions, #boards-of-directors, #chopra-rohit, #federal-deposit-insurance-corp, #gruenberg-martin-j, #mcwilliams-jelena, #regulation-and-deregulation-of-industry, #republican-party, #united-states-politics-and-government

Pinterest Pledges $50 Million on Reforms to Resolve Discrimination Allegations

Shareholders had accused Pinterest’s board of directors of failing to respond to a pervasive culture of discrimination and retaliation against women and people of color.

#black-people, #boards-of-directors, #brougher-fancoise, #discrimination, #ozoma-ifeoma, #pensions-and-retirement-plans, #pinterest, #race-and-ethnicity, #social-media, #suits-and-litigation-civil, #wages-and-salaries, #women-and-girls, #workplace-environment

Elizabeth Holmes Points Fingers at Others and Says She Was a Believer

In her most substantial day of testimony, Ms. Holmes, the founder of the failed blood testing start-up Theranos, painted herself as someone whose best intentions were misinterpreted.

#boards-of-directors, #computers-and-the-internet, #drugs-pharmaceuticals, #entrepreneurship, #frauds-and-swindling, #holmes-elizabeth-1984, #san-jose-calif, #start-ups, #tests-medical, #theranos-inc

Biden Nominates Two New U.S.P.S. Board Members

The president moved to replace two members who have been supporters of Postmaster General Louis DeJoy, a step that could portend a shift in leadership at the agency.

#appointments-and-executive-changes, #bloom-ron, #boards-of-directors, #dejoy-louis, #postal-service-us, #postal-service-and-post-offices, #united-states-politics-and-government

Donors Withhold Gifts to Protest Changes at Hamptons Sculpture Garden

Some patrons of the LongHouse Reserve are upset that its veteran director was let go, but the board says it needed new leadership to expand the garden into a museum with a broader mission.

#appointments-and-executive-changes, #art, #barratt-carrie-rebora, #boards-of-directors, #east-hampton-ny, #larsen-jack-lenor, #longhouse-reserve, #museums, #philanthropy, #sculpture, #tomicic-matko

I Was Told I Have Career Advantages ‘as a Black Woman.’ Here’s How I Replied.

At this point in my career, as a senior leader, I welcome it when people engage me on the topic of race in the workplace.

#black-people, #boards-of-directors, #careers-and-professions, #hiring-and-promotion, #minorities, #race-and-ethnicity, #whites, #women-and-girls

Bill Gates Was Warned Over ‘Inappropriate’ Emails at Microsoft

Mr. Gates, who at the time was Microsoft’s chairman, had asked a female employee out on a date, a Microsoft spokesman said.

#boards-of-directors, #computers-and-the-internet, #e-mail, #gates-bill, #microsoft-corp, #wall-street-journal

Tesla to Move Headquarters to Texas from California

Elon Musk announced the move at the company’s annual shareholder meeting, hosted at a factory Tesla is building near Austin.

#automobiles, #boards-of-directors, #discrimination, #electric-and-hybrid-vehicles, #murdoch-james-r, #musk-elon, #musk-kimbal, #shareholder-rights-and-activism, #stocks-and-bonds, #tesla-motors-inc, #workplace-hazards-and-violations

Ozy’s Board Starts Investigation Following Times Report

The New York Times’s media columnist, Ben Smith, reported that Ozy’s chief operating officer had apparently impersonated a YouTube executive during a conference call with Goldman Sachs bankers.

#appointments-and-executive-changes, #boards-of-directors, #federal-bureau-of-investigation, #goldman-sachs-group-inc, #google-inc, #new-york-times, #ozy-media-inc, #rao-samir, #watson-carlos-1969, #youtube-com

James Mattis, Who Sat on Theranos Board, Testifies in Elizabeth Holmes Trial

Mr. Mattis, the former defense secretary, testified that Ms. Holmes had not been forthcoming with the board about her start-up’s problems.

#boards-of-directors, #computers-and-the-internet, #ethics-and-official-misconduct, #frauds-and-swindling, #holmes-elizabeth-1984, #mattis-james-n, #rumors-and-misinformation, #start-ups, #tests-medical, #theranos-inc, #united-states-defense-and-military-forces

The Missing Piece in the Push for Boardroom Diversity

Private companies are lagging behind publicly traded firms, but don’t receive the same scrutiny.

#appointments-and-executive-changes, #black-people, #board-diversity-action-alliance, #boards-of-directors, #burns-ursula-m, #discrimination, #minorities, #private-equity, #race-and-ethnicity, #venture-capital

Schemer or Naïf? The Trial of Elizabeth Holmes

The trial for the founder of Theranos, the once high-flying blood testing start-up, will cap a saga of Silicon Valley hubris, ambition and deception.

#balwani-sunny, #boards-of-directors, #computers-and-the-internet, #entrepreneurship, #ethics-and-official-misconduct, #holmes-elizabeth-1984, #legal-profession, #medical-devices, #securities-and-commodities-violations, #start-ups, #tests-medical, #theranos-inc

Few Women Ascend Japan’s Corporate Ladder. Is Change Finally Coming?

Only 6 percent of board seats at Japanese companies are held by women. After years of unkept promises, these businesses are now facing pressure both at home and abroad to diversify.

#boards-of-directors, #corporations, #japan, #women-and-girls

Ousting Toshiba Chairman, Foreign Investors Score Breakthrough in Japan

While Japan’s corporations have long resisted the entreaties of activist shareholders, Toshiba had come under intense pressure after a series of scandals.

#boards-of-directors, #japan, #shareholder-rights-and-activism, #toshiba-corporation

The Little Hedge Fund Taking Down Big Oil

An activist investment firm won a shocking victory at Exxon Mobil. But can new directors really put the oil giant on a cleaner path?

#2021-climate-issue, #alternative-and-renewable-energy, #boards-of-directors, #carbon-capture-and-sequestration, #content-type-personal-profile, #engine-no-1-gp-llc, #exxon-mobil-corp, #global-warming, #greenhouse-gas-emissions, #hedge-funds, #hydrocarbons, #james-chris-hedge-fund-manager, #oil-petroleum-and-gasoline, #penner-charlie-1972, #shareholder-rights-and-activism

German Parliament Backs ‘Milestone’ Gender Quota for Company Boards

The legislation requires many public companies in Germany to have at least one woman on the supervisory board.

#boards-of-directors, #germany, #legislatures-and-parliaments, #regulation-and-deregulation-of-industry, #women-and-girls

Exxon Mobil Defeated by Activist Investor Engine No. 1

The energy giant’s stunning loss was the work of a tiny hedge fund that believes investing for social good is also good for the bottom line.

#blackrock-inc, #boards-of-directors, #engine-no-1-gp-llc, #exxon-mobil-corp, #global-warming, #greenhouse-gas-emissions, #hedge-funds, #oil-petroleum-and-gasoline, #shareholder-rights-and-activism, #state-street-corporation, #vanguard-group-inc

Surprise: Women and Minorities Are Still Underrepresented in Corporate Boardrooms

The latest version of a multiyear analysis of Fortune 100 and 500 companies found that white women made some gains but that true representation is decades away.

#alliance-for-board-diversity, #boards-of-directors, #fortune-magazine, #goldman-sachs-group-inc, #minorities, #women-and-girls

Exxon Board to Get a Third Activist Pushing Cleaner Energy

The new board member is likely to join two other candidates put forward by an activist investor who were declared winners last week.

#alternative-and-renewable-energy, #boards-of-directors, #engine-no-1-gp-llc, #exxon-mobil-corp, #oil-petroleum-and-gasoline, #shareholder-rights-and-activism

How Exxon Lost a Board Battle With a Small Hedge Fund

The oil giant’s unexpected boardroom defeat by an activist investor hinged on a few key moments.

#boards-of-directors, #engine-no-1-gp-llc, #exxon-mobil-corp, #oil-petroleum-and-gasoline, #shareholder-rights-and-activism, #stocks-and-bonds, #woods-darren-w-1965

Activists Crashed Exxon’s Board, but Forcing Change Will Be Hard

The tension between climate goals and lifting Exxon Mobil’s profits could make it difficult for activists to make progress.

#alternative-and-renewable-energy, #boards-of-directors, #carbon-capture-and-sequestration, #carbon-dioxide, #chevron-corporation, #executives-and-management-theory, #exxon-mobil-corp, #fink-laurence-d, #global-warming, #greenhouse-gas-emissions, #oil-petroleum-and-gasoline, #stocks-and-bonds, #woods-darren-w-1965

A Glimpse of a Future With True Shareholder Democracy

Big stock funds own increasingly large chunks of publicly traded companies, leaving fund shareholders without a vote on corporate governance. But there’s a better way.

#as-you-sow, #boards-of-directors, #coates-john-c-iv, #conflicts-of-interest, #gensler-gary-s, #mutual-funds, #regulation-and-deregulation-of-industry, #securities-and-exchange-commission, #shareholder-rights-and-activism

Santa Clara U. President Resigns After Inappropriate Behavior, Officials Say

The Rev. Kevin O’Brien had delivered the homily at a Mass for the inauguration of President Biden in January.

#appointments-and-executive-changes, #biden-joseph-r-jr, #boards-of-directors, #santa-clara-university

N.C.A.A. Extends Emmert’s Deal, Surprising Athletic Leaders

Mark Emmert’s extension stunned conference commissioners and university athletic directors and reflected some stubbornness as the N.C.A.A. faces legacy-shaping reckonings.

#boards-of-directors, #college-athletics, #colleges-and-universities, #emmert-mark, #national-collegiate-athletic-assn

N.R.A. Chief Takes the Stand, With Cracks in His Armor

Wayne LaPierre has led the National Rifle Association for 30 years, but his implacable image looked threadbare in bankruptcy court.

#bankruptcies, #boards-of-directors, #firearms, #gun-control, #lapierre-wayne, #lobbying-and-lobbyists, #national-rifle-assn

ERCOT Managers Resign After Widespread Storm Outages

The chairwoman and three other board members of the Electric Reliability Council of Texas stepped down after millions were left without electricity during freezing temperatures.

#appointments-and-executive-changes, #boards-of-directors, #electric-light-and-power, #electric-reliability-council-of-texas, #power-failures-and-blackouts, #texas

Companies Say They Care About the Climate. Their Actions Fall Short.

Many big businesses have not set targets for reducing greenhouse gas emissions. Others have weak goals.

#alternative-and-renewable-energy, #blackrock-inc, #boards-of-directors, #brazil, #carbon-dioxide, #carbon-disclosure-project-cdp, #cargill-inc, #corporations, #electric-light-and-power, #fuel-emissions-transportation, #global-warming, #google-inc, #greenhouse-gas-emissions, #institutional-shareholder-services-inc, #levi-straussco, #microsoft-corp, #standardpoors-500-stock-index, #stocks-and-bonds, #united-states

Charles Venable Resigns as Head of Indianapolis Museum of Art

His departure comes in the wake of a job posting, since corrected, that described the museum’s core audience as “white,” and amid criticism from a trustee, some staff and local artists.

#appointments-and-executive-changes, #art, #black-people, #boards-of-directors, #discrimination, #indianapolis-ind, #indianapolis-museum-of-art, #museums, #newfields, #race-and-ethnicity, #venable-charles-l

A Hidden Obstacle to Boardroom Diversity

Some companies are reluctant to let lower-level managers become outside directors, adding a systemic impediment to the push.

#appointments-and-executive-changes, #benioff-marc, #boards-of-directors, #christoff-niki, #discrimination, #minorities, #salesforce-com-inc, #women-and-girls

How GameStop’s Reddit-Fueled Rise May End

Let’s have an honest conversation about GameStop.

#boards-of-directors, #california-state-teachersretirement-system-calstrs, #corporate-social-responsibility, #d-e-shawco, #exxon-mobil-corp, #gamestop-corporation, #oil-petroleum-and-gasoline, #reddit-inc

San Francisco’s Top Art School Says Future Hinges on a Diego Rivera Mural

The University of California is aiding the San Francisco Art Institute, but S.F.A.I. officials say selling a $50 million Rivera could save the school. Former students are outraged.

#art, #boards-of-directors, #budgets-and-budgeting, #colleges-and-universities, #finances, #levy-pam-rorke, #murals, #quarantine-life-and-culture, #rivera-diego, #san-francisco-calif, #san-francisco-art-institute, #university-of-california

Pinterest Settles Gender Discrimination Suit for $22.5 Million

The suit had been brought by Françoise Brougher, Pinterest’s former chief operating officer, who said she was fired after speaking up about mistreatment.

#boards-of-directors, #computers-and-the-internet, #corporate-social-responsibility, #discrimination, #francoise-brougher, #philanthropy, #pinterest, #social-media, #suits-and-litigation-civil, #wages-and-salaries, #women-and-girls, #workplace-hazards-and-violations

Racism Impoverishes the Whole Economy

While the targets unquestionably suffer the most, denying people equal opportunities diminishes the finances of millions of Americans.

#bell-laboratories, #black-people, #boards-of-directors, #civil-rights-movement-1954-68, #colleges-and-universities, #discrimination, #education-k-12, #forbes-magazine, #gross-domestic-product, #hispanic-americans, #income-inequality, #innovation, #inventions-and-patents, #michigan-state-university, #minorities, #musk-elon, #race-and-ethnicity, #research, #scholarships-and-fellowships, #small-business-administration, #united-states-economy, #venture-capital, #wages-and-salaries, #women-and-girls

Chairman of Elite Wine Group Resigns Amid Its Sexual Harassment Scandal

Devon Broglie is the latest figure in the Court of Master Sommeliers to be accused of an inappropriate relationship.

#metoo-movement, #boards-of-directors, #broglie-devon, #conflicts-of-interest, #court-of-master-sommeliers-americas, #sexual-harassment, #wines

Apollo Board Will Review Leon Black’s Ties to Jeffrey Epstein

Mr. Black, the chief executive and chairman of Apollo Global Management, asked independent board members to examine his relationship with the convicted sex offender.

#apollo-global-management, #black-leon-d, #boards-of-directors, #child-abuse-and-neglect, #epstein-jeffrey-e-1953, #human-trafficking, #private-equity, #sex-crimes, #women-and-girls

Stakeholder Capitalism Gets a Report Card. It’s Not Good.

The pandemic and the movement for racial justice have tested corporate pledges to elevate social concerns alongside shareholder interests. A new study finds companies are failing to follow through.

#amazon-com-inc, #benioff-marc, #blackrock-inc, #boards-of-directors, #business-roundtable, #capitalism-theory-and-philosophy, #coronavirus-2019-ncov, #corporate-social-responsibility, #corporations, #ford-foundation, #marriott-international-inc, #wages-and-salaries

Diversity Push Barely Budges Corporate Boards to 12.5%, Survey Finds

Despite pledges to nominate more members of underrepresented ethnic and racial groups, companies have made little progress over the last five years.

#black-people, #boards-of-directors, #california, #hiring-and-promotion, #hispanic-americans, #minorities, #pizarro-pedro-j, #race-and-ethnicity, #stocks-and-bonds, #united-states, #west-tony-1965, #whites

Trump Dismisses 2 T.V.A. Board Members After Outsourcing Dispute

The Tennessee Valley Authority, an electric utility, quickly said it would reconsider its move to shift some work to contractors outside the United States.

#appointments-and-executive-changes, #boards-of-directors, #executive-orders-and-memorandums, #labor-and-jobs, #layoffs-and-job-reductions, #outsourcing, #tennessee-valley-authority, #trump-donald-j, #united-states-politics-and-government

Corporate America’s Black Lives Matter Pledges Fall Short

It’s time for companies to move beyond mere tweets and hire more black employees at every level.

#amazon-com-inc, #black-lives-matter-movement, #black-people, #boards-of-directors, #corporations, #discrimination, #facial-recognition-software, #george-floyd-protests-2020, #police-brutality-misconduct-and-shootings, #race-and-ethnicity, #ring-inc, #snap-inc, #starbucks-corporation, #twitter, #united-states

‘Corporate America Has Failed Black America’

For a group of elite black executives, police killings and protests have unleashed an outpouring of emotion and calls for action.

#appointments-and-executive-changes, #banking-and-financial-institutions, #black-people, #boards-of-directors, #burns-ursula-m, #corporations, #discrimination, #george-floyd-protests-2020, #historically-black-colleges-and-universities, #hobson-mellody, #moore-wes-1978, #police-brutality-misconduct-and-shootings, #reffkin-robert, #smith-robert-f-1962, #walker-darren-1959, #williams-ryan-1988

Trump’s Vaccine Chief Has Vast Ties to Drug Industry, Posing Possible Conflicts

Moncef Slaoui, a former pharmaceutical executive, is now overseeing the U.S. initiative to development coronavirus treatments and vaccines. His financial interests and corporate roles have come under scrutiny.

#appointments-and-executive-changes, #biotechnology-and-bioengineering, #boards-of-directors, #conflicts-of-interest, #coronavirus-2019-ncov, #drugs-pharmaceuticals, #ethics-and-official-misconduct, #glaxosmithkline-plc, #health-and-human-services-department, #moderna-inc, #research, #sanofi-sa, #securities-and-exchange-commission, #slaoui-moncef-m, #stocks-and-bonds, #trump-donald-j, #united-states-politics-and-government, #vaccination-and-immunization, #venture-capital, #your-feed-healthcare

Why 2019 Was a Breakthrough Year for Women in the Boardroom

Public pressure to diversify boards forced public companies to change. And private ones, too.

#boards-of-directors, #gender, #women-and-girls, #workplace-environment