Morgan Stanley sued by former Head of Diversity for racial discrimination and retaliation

Last June, Marilyn Booker has pursued legal action against Morgan Stanley for “race and gender discrimination, retaliation and unequal pay”. After having worked more than 25 years for the American investment bank, 16 of which spent has Global Head of Diversity, she affirms she was fired in December 2019 after…

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Proxy adviser’s downgrades cost companies 1% of market value

Evidence demonstrates that investors’ behaviours change when the largest proxy advisory firm downgrades public companies’ rating on governance ground. Professor Paul M. Guest and PhD student Marco Nerino of King’s Business School at King’s College London empirically demonstrate that Institutional Shareholder Services‘ (ISS) announcement of corporate governance ratings downgrades has…

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Elliott Management calls for AT&T shake-up as Trump piles on

Activist fund Elliott Management Corp acquired a $3.2 billion stake in AT&T Inc, making AT&T one of the three largest companies after Apple and Microsoft to be targeted by activist shareholders. AT&T acquired Time Warner in 2018, gaining control of HBO and CNN, and DirecTV in 2015 among the others, and appears as a conglomerate with strong differences between societies. themselves. The company…

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SVI Senior Partner conducting a workshop during “The Rights & Responsibility of Institutional Investors” 2019 edition

Daniela Carosio, SVI Senior Partner, intervenes during the 14th Annual “The Rights & Responsibilities of Institutional Investors” held in Amsterdam as of March 7, 2019. “The Dark Side of Globalization?” is the question addressed by 2019 edition to explore the ways that senior management and officers from public pension, insurance funds and mutual…

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