Corporate

Corporate Ageism: Examining the Impact of Mandatory Retirement Age Policies on US Board Members and CEOs

New York, NY – Former US Vice President Al Gore, 75, is resigning from Apple’s board due to the company’s age-based restrictions for its directors, sparking a discussion about ageism in Corporate America. The question of whether age should be a disqualifier for corporate leaders over 65 arises. Even with the top 10 oldest CEOs of companies on the Russell 3000, ranging in age from 84 to 91 in 2022, they are all still on …

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CalPERS Elects Trian Fund Management Candidates to Disney Board Amid Corporate Control Battle

NEW YORK, United States – The California Public Employees Retirement System (CalPERS) recently made a significant decision in the business world by electing activist investment firm Trian Fund Management’s two director candidates to Walt Disney’s board. This move comes amidst one of the most closely watched battles for corporate control. CalPERS, a major shareholder in Walt Disney Co, believes that the addition of Nelson Peltz and Jay Rasulo to the board will bring fresh perspectives …

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Tax Rises Target Billionaires and Corporate America in Biden’s Budget Plan

Washington, D.C. – The Biden administration is set to unveil a new plan aimed at targeting billionaires and corporate America with significant tax increases. This move is part of an effort to reduce the United States’ record national debt and lift the president’s approval ratings ahead of November’s election. The proposed measures, expected to be outlined in Thursday’s State of the Union address and beyond, include raising the minimum corporate tax from 15 to 21 …

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Indian Government Bond Spreads Tighten, SBI Pension Funds Eyes Corporate Debt Opportunities

Mumbai, India – SBI Pension Funds Pvt. is considering diversifying its investments as the spreads on longer-maturity Indian government bonds continue to tighten. The company’s chief investment officer has expressed interest in exploring opportunities in corporate and state debt markets in response to this trend. With the narrowing spreads on longer-maturity Indian government bonds, SBI Pension Funds Pvt. is evaluating the potential for better returns in corporate and state debt securities. The chief investment officer …

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