In a climate where Weinstein clauses are shaping M&A and the latest Kevin Spacey feature nets less than $1,000 on opening weekend, many shareholders and activists were puzzled by the persistence of Leslie Moonves. CBS’s [...]
Less than a week after the FTSE Russell index announced plans to exclude Snap Inc. and other companies that offer virtually non-existent voting rights to public shareholders, the S&P Dow Jones went a step (or several) further with a ban on multi-class share structures for new entrants to several of its flagship indices, including the S&P 500. The [...]
The Viacom boardroom has been a messy place of late. Very public conflicts over the control of the company and aging mogul/executive chairman Sumner Redstone’s fortune turned a page in recent months, and the impact [...]