David Walker News
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Tim Cook’s tenure at the helm of Apple Inc. has been a crash course in crisis management.
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Apple Inc. Chief Executive Officer Tim Cook went somewhere his predecessor never ventured: the witness table at a congressional hearing on Capitol Hill.
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Barclays Plc said 5.3 percent of shareholders opposed its executive-pay report at its annual general meeting as Chairman David Walker said the era of excessive compensation is behind the bank.
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Apple Inc. Chief Executive Officer Tim Cook is seeking to reassure investors dismayed by the company’s falling stock price and first profit drop in a decade by unveiling the largest buyback plan in corporate history.
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Federal securities class-action filings decreased by about 10 percent last year from 2011, PricewaterhouseCoopers found in its 17th annual Securities Litigation Study published yesterday. There were 172 cases in 2012, compared with 191 cases in 2011, with a significant drop in the fourth quarter of 2012.
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Barclays Plc’s investment-banking chief Rich Ricci and wealth-management head Tom Kalaris, two of the last remaining members of former Chief Executive Officer Robert Diamond’s management team, will step down.
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Federal securities class action filings decreased by about 10 percent last year from 2011, PricewaterhouseCoopers found in its 17th annual Securities Litigation Study published yesterday. There were 172 cases in 2012, compared to 191 cases in 2011, with a significant drop in the fourth quarter of 2012.
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Barclays Plc, the U.K.’s second- largest lender by assets, paid investment bankers bonuses “incapable of justification” as employees focused on revenue at the expense of clients, according to an internal report.
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A U.S. budget-cutting accord is probably as much as a year away as lawmakers posture to delay across-the-board spending cuts and tax increases set for January, said former U.S. Comptroller General David Walker.
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Barclays Plc appointed two non- executive directors to bolster oversight at the lender as Chief Executive Officer Antony Jenkins seeks to improve profitability and regain the confidence of investors and the British public.
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