Corporate governance

Activist investor mounts proxy battle at Banc of California

02/07/17

Legion Partners, which has raised concerns about corporate governance and pushed the bank to consider selling itself, will seek two board seats.

[more]

Let board decide if chair and CEO should be separate

02/07/17

For certain banks, it might make sense to require the chairman of the board to be an outside board member. But that’s a decision best left up to the board and management.

[more]

Banc of California to pay ex-CEO Sugarman $4M after his resignation

01/27/17

Sugarman left less than two weeks after the SEC launched an investigation into company statements.

[more]

Banc of California investor wants company to consider selling

01/24/17

Legion Partners said it has “serious concerns” about the company’s disclosure of inaccurate information.

[more]

JPMorgan boosts Dimon’s annual pay 3.7% to $28 million

01/19/17

JPMorgan Chase increased Chief Executive Jamie Dimon’s compensation by 3.7% for last year as the bank’s stock advanced 31%.

[more]

A low-key leader for low-growth conditions: U.S. Bancorp's Cecere

01/17/17

The highly regarded and outspoken Richard Davis is a hard act to follow, but Andy Cecere, who will take over the successful Minneapolis company in a few months, is said to have the right blend of knowledge and judicious temperament for meeting the business challenges that lie ahead.

[more]

Richard Davis stepping down at U.S. Bancorp; Cecere named CEO

01/17/17

The Minneapolis company announced that Richard Davis will retire as CEO this spring. He will be succeeded by longtime deputy Andy Cecere.

[more]