Reinsurer SCOR's shareholders on Friday blocked an attempt by an activist f...
PARIS - Reinsurer SCOR’s shareholders on Friday blocked an attempt by an activist fund to oust the company’s CEO, in a sign that activist investors are increasing pressure on French blue chips.
CIAM’s attempt to oust Kessler came after months of tension over French co-operative insurer Covea’s failed 8.2 billion euro takeover bid for SCOR last year, which was opposed by Kessler and had earned him criticism from CIAM. New York hedge fund Elliott Management, for example, has put pressure on drinks group Pernod Ricard. The French government is examining measures to prevent activists from destabilizing French companies.
“Kessler is now under watch,” Catherine Berjal, the co-founder of CIAM told Reuters after the vote. “He saved his salary by a short margin, he will have to justify it now,” she added. “We have a succession plan, but I don’t want to unveil it too much in advance to avoid destabilizing the company,” Kessler told Reuters after the shareholders’ meeting.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Soros Fund’s new leader upends firm in overhaul that ousted top traderGeorge Soros’s new investment chief made hedge-fund manager Adam Fisher an offer to join the firm two years ago. He’d get a multimillion-dollar annual bonus or an up-to $1.5 billion investment for a new fund if the job didn’t work out, said people familiar with the matter. By February, Fisher was gone.
Consulte Mais informação »
Viking Saga: The Tale of Tor Hagen And His Voyage From Ousted CEO To Cancer Survivor To Cruise Ship BillionaireNorwegian billionaire Tor Hagen has built a titanic business by reimagining the ideal European vacation.
Consulte Mais informação »
No More Champs: Hurricanes oust Capitals in 2OTCarolina Hurricanes eliminate defending Stanley Cup champs Washington Capitals in Game 7 in double OT to advance to Round 2 vs. the Islanders - NBCSports
Consulte Mais informação »
Venezuela's Guaido calls for 'largest march in history' to oust MaduroVenezuelan opposition leader Juan Guaido on Friday called on supporters to take ...
Consulte Mais informação »
Boy Scout officials say they don't track ousted troop leaders after abuse claimsDuring a call with reporters Wednesday, Boy Scouts of America leaders explained their internal volunteer screening database.
Consulte Mais informação »
Texas cancer center ousts 3 scientists over Chinese data theft concernsA prominent cancer center in Houston has ousted three of five scientists whom federal authorities identified as being involved in Chinese efforts to steal American research.
Consulte Mais informação »
Venezuela's Guaido calls for 'largest march in history' to oust MaduroVenezuelan opposition leader Juan Guaido on Friday called on supporters to take ...
Consulte Mais informação »
Scientists with ties to China ousted from US cancer center amid fears of foreign influenceA leading cancer research center in Texas took action against a handful of faculty members for sharing confidential information and failing to disclose foreign ties, it says.
Consulte Mais informação »
Ousted Nissan chief Carlos Ghosn hit with fresh chargesCarlos Ghosn has been indicted on fresh charges of breach of trust.
Consulte Mais informação »
UK police say total of climate activists arrested passes 750Police say more than 750 people have been arrested and some 28 have been charged since climate change protests began earlier this week in London.
Consulte Mais informação »