"It's not like any of them are going to really have leverage over him as the CEO," said investing and market cycles expert Richard Smith.
AMC shares drop on dilution concerns as the company works to issue 500 million shares. The CEO says the move is aimed at strengthening its operations.
Roblox's debut on the public markets paid off big for Gregory Baszucki, who is the brother of the company's CEO and sits on its board.
Warren Buffett excels at sizing people up quickly, relied on a devoted group of shareholders to build Berkshire Hathaway, and has crafted a company culture that will outlive him, Lawrence Cunningham said on the “We Study Billionaires” podcast. The billionaire investor’s conglomerate boasts a high-quality shareholder base that may have […]
Virgin Galactic fell as much as 10.2% in early Friday trading after shareholders filed to sell up to 113 million shares. Shareholders aim to sell up to roughly 105 million outstanding shares of common stock and up to 8 million shares of common stock issuable upon the exercise of warrants, […]
Paul Constant is a writer at Civic Ventures, a cofounder of the Seattle Review of Books, and a frequent cohost of the “Pitchfork Economics” podcast with Nick Hanauer and David Goldstein. On the latest episode of Pitchfork Economics, Harvard Business School professor Rebecca Henderson discusses how business could help create […]
Martin Whittaker is the CEO and cofounder of JUST Capital, a nonprofit that tracks and ranks corporations on stakeholder performance issues of greatest importance to the public. Sunday is the 50th anniversary of the Nobel laureate economist Milton Friedman’s famous article on shareholder primacy, often referred to as the “Friedman […]
Summary List Placement Shares of Tesla slumped as much as 7% in early trading Thursday. The fall comes just a day after Baillie Gifford, Tesla’s largest outside shareholder, said it had to trim its stake amid the stock’s record-breaking rally. Tesla fell 6% on Wednesday following the announcement. Watch Tesla […]
Jeanine Wai, senior oil and gas research analyst at Barclays, told Bloomberg her favourite pick for oil is Pioneer. Wai said Pioneer has a strong balance sheet and consistent well productivity. The energy sector has been the worst-performing sector in the S&P 500 this year. Read more on Business Insider. […]
Morgan Stanley on Monday lowered its base case for Hertz to $US0 from $US2, citing risks of de-listing or a potential liquidity shortfall. The firm’s base case is now equal to its bear case. Morgan Stanley also lowered its bull case for Hertz to $US3 from $US8. The updated price […]
Moderna’s 30% gain in Monday trading is making a small group of scientists and executives a fortune. The biotech company surged after announcing phase-one trials of its coronavirus vaccine successfully produced antibodies in all 45 participants. Moderna now plans to finalise phase-three studies in July before bringing its vaccine to […]
UK’s largest lenders have suspended their dividends after the Bank of England asked them to cancel any outstanding payments due to exceptional circumstances surrounding Covid-19. The UK’s financial regulator also notified the big banks not to pay any cash bonuses to senior staff and to discontinue keeping aside any money […]
Mark Cuban told Just Capital in an interview that shareholders should come last amid the coronavirus pandemic and employees and their families should come first. “If you’re a great company, your shareholders will understand and will expand their P/E out of respect, because they’re all dealing with the same circumstances,” […]
WeWork says it has access to billions of dollars in debt as it seeks to reaffirm its financial health. In a Wednesday email to staff obtained by Bloomberg, key executives at the coworking firm said WeWork retains the support of major backer SoftBank, as well as access to the debt. […]
Apple,Walmart, and dozens of other major US-based companies are part of a lobbying group which recently announced a major shift in their stated goals for businesses: to “benefit of all stakeholders – customers, employees, suppliers, communities and shareholders,” rather than focusing solely on creating shareholder value. A separate group of […]
In 1997, Amazon issued its first letter to shareholders. It has since become famous in the tech industry, and core to Amazon’s origin story. It laid out Amazon’s long-term goals, and stressed to investors the importance of focusing on long-term value over short-term returns – a strategy since adopted by […]
Amazon CEO Jeff Bezos highlighted Amazon’s relatively small footprint in the company’s annual letter to shareholders on Thursday. “Amazon today remains a small player in global retail,” Bezos said in the letter. He also pointed to the importance of “multibillion-dollar failures” as necessary to Amazon’s growth. “If the size of […]
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