Summary: Sarah Walker appointed as the new UK and Ireland CEO of Cisco, replacing David Meads. She brings a proven track record in leveraging technology to create value for organizations across sectors.
Full articleSummary: Nvidia CEO Jensen Huang emphasizes the importance of building a strong channel presence to scale AI business and bring AI solutions to the enterprise market.
Full articleSummary: Lumen Technologies (LUMN) and Broadcom (AVGO) stocks surged more than 60% in the past year due to the buying frenzy in artificial intelligence (AI) stocks. Lumen impressed with new AI infrastructure and fiber deals, while Broadcom saw soaring sales of AI-oriented networking chips.
Full articleSummary: Exxon Mobil is facing backlash for pursuing a lawsuit against shareholder proposals despite withdrawal, resulting in CalPERS announcing voting against all 12 board members, including CEO Darren Woods, at the upcoming annual meeting.
Full articleSummary: Exxon Mobil faces backlash for pursuing lawsuit against shareholders even after they withdrew the proposal, leading to CalPERS deciding to vote against all 12 board members including CEO Darren Woods. The lawsuit against activist investors is criticized for stifling shareholder democracy and could have significant repercussions.
Full articleSummary: Exxon Mobil is facing backlash from shareholder groups urging the company to reduce greenhouse gas emissions, leading to lawsuits and calls to vote against the CEO. Proxy advisory firm Glass Lewis & Co. has advised voting against key board members due to the company's aggressive tactics. Exxon Mobil's legal actions against activist investors have raised concerns about suppressing shareholder voices.
Full articleSummary: Pharma company Pfizer is claiming $75 million from the U.S. SEC's $600 million settlement with SAC Capital due to being victimized by SAC's insider trading, arguing that Wyeth and Pfizer were also victims of the scheme. Pfizer's lawyers are pushing for the remaining settlement proceeds to be paid to Wyeth, which was a victim of the conduct at issue.
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