Company Management Issues
Korean prosecutors question Samsung heir in succession-related probe
SEOUL (Reuters) – Samsung Group heir Jay Y. Lee was questioned on Tuesday by prosecutors about a controversial 2015 merger and alleged accounting fraud that they said may have helped him advance his succession-planning agenda at the country’s top conglomerate. The questioning brings fresh legal trouble for Lee who is already facing court trial over …
Facebook names first members of oversight board that can overrule Zuckerberg
(Reuters) – Facebook Inc’s (FB.O) new content oversight board will include a former prime minister, a Nobel Peace Prize laureate and several constitutional law experts and rights advocates among its first 20 members, the company announced on Wednesday. FILE PHOTO: Facebook symbol is seen on a motherboard in this picture illustration taken April 24, 2020. …
Emerson says it will not pursue a break-up following review
(Reuters) – Emerson Electric Co (EMR.N) told investors on Thursday it would not pursue a break-up following a review it launched last year that examined whether it should separate its industrial automation operations from its air-conditioning business. Emerson Electric Co is displayed on a screen on the floor at the New York Stock Exchange (NYSE) …
Markets regulators struggling to keep up with technology: SEC’s Jackson
RISHON LEZION, Israel (Reuters) – The rapid growth of digital assets and computer-driven investment advice has become a key challenge for regulators in trying to keep up with technological advances while seeking to protect investors, a U.S. markets regulator said on Monday. FILE PHOTO: Commissioner Robert Jackson Jr. participates in a U.S Securities and Exchange …
Explainer: Big tech probes could break up firms, result in huge fines, or neither
WASHINGTON (Reuters) – The potential penalties for several wide-ranging investigations into whether Facebook, Google and other big U.S. tech companies used their market power unfairly include everything from breaking up the companies, to large fines and forcing them to create more competition. FILE PHOTO: The logo of Google is seen at the high profile startups …
China’s Anbang to offload health insurance unit as government speeds up asset sales
BEIJING (Reuters) – China’s Anbang Insurance Group said it will sell its entire stake in a health insurance unit as Beijing speeds up asset disposals at the troubled government-controlled insurance conglomerate. FILE PHOTO – A general view shows the headquarters of Anbang Insurance Group in Beijing, China, February 23, 2018. REUTERS/Thomas Peter Anbang said it …
