Latest News, Updates & Breaking Headlines
Greg Abel, Warren Buffett’s chosen successor at Berkshire Hathaway, has issued his first annual letter to shareholders after taking over as chief executive in January, outlining his leadership approach while reaffirming continuity at the conglomerate, AP reported.The letter comes as Berkshire recorded a $4.5 billion write-down related to the value of its investments in Kraft…
The high-stakes ‘war’ between Paramount Skydance and Netflix for Warner Bros. Discovery (WBD) may have taken a sharp turn. The 5th largest shareholder of the entertainment conglomerate has said that the financing update from Paramount Skydance was “necessary” but it may not be enough to seal the deal. His comments have been published soon after…
OYO’s parent company PRISM has secured shareholder approval to raise up to Rs 6,650 crore through a fresh issue of equity shares as part of its proposed initial public offering, signalling steady progress towards a public market debut, according to PTI.The approval was granted at an extraordinary general meeting held on December 20, where shareholders…
Norway’s $2 trillion Sovereign Wealth Fund recently voted against two key proposals involving Microsoft CEO Satya Nadella. At the company’s annual shareholder’s meeting on December 5, the Fund voted against Nadella’s compensation package as well as him continuing as chair of Microsoft’s board. Norway’s Sovereign Wealth Fund is managed by Norges Bank Investment Management. As…
Microsoft shareholders gave the thumbs up to CEO Satya Nadella’s hefty 22% pay raise, even though Norway’s massive $2 trillion sovereign wealth fund wasn’t on board. This fund, which also questioned Elon Musk’s pay, voiced worries about how executives are compensated, their locked-in stock, and the risks tied to key individuals. Microsoft CEO Satya Nadella’s…
Norway’s $2 trillion Sovereign Wealth Fund has voted for proposals against Microsoft CEO Satya Nadella. The world’s largest Sovereign Wealth Fund voted at Microsoft’s shareholders’ meeting on December 5, where multiple governance and compensation issues were also reviewed. The shareholder meeting was held virtually. At the shareholders meeting, Norway Fund voted against the re-election of…
Salesforce posted better-than-expected quarterly results this week, giving CEO Marc Benioff fresh ammunition to push back against a wave of investor skepticism regarding the company’s aggressive pivot toward artificial intelligence. The business software giant reported earnings that eclipsed analyst projections, offering a potential reprieve for a stock that has been hammered recently by doubts over…
Norway’s sovereign wealth fund, one of the largest investors in Tesla, has said it will vote against CEO Elon Musk’s proposed compensation package that could be worth up to $1 trillion over the next decade. The announcement comes ahead of Tesla’s annual shareholder meeting on Thursday, where the plan has become the most divisive agenda…
Intel is back in profit. The chip giant snapped its losing streak of six straight quarterly losses and returned to profitability in the third quarter. The American chipmaker posted strong revenue, noting robust demand for chips that it expects to continue into 2026. This is Intel’s first earnings report since the Donlad Trump administration acquired…
