General Electric Co. kept its corporate governance system intact as investor proposals to limit the terms of directors and split the roles of chairman and chief executive officer were rejected during the manufacturer’s general meeting in New Orleans.
Four of the five highest-paid employees at Standard & Poor’s 500 companies aren’t chief executive officers. They’re Apple Inc. senior lieutenants receiving compensation packages designed to keep management intact in an increasingly competitive industry.
Daimler AG, the world’s third- largest maker of luxury vehicles, will update its targets for 2013 when it reports first-quarter earnings later this month after many auto markets started the year weaker than expected.
Daimler AG, the world’s third- biggest maker of luxury cars, nominated former Avon Products Inc. Chief Executive Officer Andrea Jung to the supervisory board in an effort to increase female representation.
Avon Products Inc. directors debated for three weeks whether to fire Andrea Jung before deciding to remove her as chief executive officer and retain her as chairman, according to two people familiar with the matter.
Avon Products Inc., the world’s biggest door-to-door cosmetics seller, surged the most in more than three years after saying it will search for a new chief executive officer next year to replace Andrea Jung.
Avon Products Inc.’s Andrea Jung, the face of the door-to-door cosmetics seller for 13 years, will step down as executive chairman after a tenure that encompassed slumping earnings, a foreign-bribery investigation and a takeover attempt.