Ted Allen News
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Daniel Humm of Eleven Madison Park, New York, was named Outstanding Chef in the James Beard Foundation awards last night, beating David Chang of Momofuku Ko and four other finalists.
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Citigroup Inc. shareholders rejected its executive pay plan, a first among the six largest U.S. banks, amid criticism it lets Chief Executive Officer Vikram Pandit collect millions of dollars in rewards too easily.
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NYSE Euronext ’s shareholders told Chief Executive Officer Duncan Niederauer that they’re not getting enough compensation from his agreement to sell the company to Deutsche Boerse AG.
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Nasdaq OMX Group Inc. and IntercontinentalExchange Inc. may take their unsolicited takeover offer for NYSE Euronext directly to shareholders, bypassing board members who twice rejected their bid, according to a person familiar with the matter.
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Yahoo! Inc. took too long to disclose an ownership change in its Asian assets that caused a 13 percent slump in the company’s stock, investors said.
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Allstate Corp. , the biggest publicly traded U.S. home and auto insurer, told a proxy advisory firm that Chief Executive Officer Thomas Wilson ’s pay last year was justified as it braced for a vote on compensation.
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News Corp. investors should vote against the re-election of 13 out of 15 board members to establish more independent oversight of management, said the proxy advisory firm Institutional Shareholder Services.
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It’s never been cheaper for Duncan Niederauer to buy votes from NYSE Euronext’s shareholders to fend off Nasdaq OMX Group Inc.’s $11.3 billion offer for the 219-year old exchange.
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Research In Motion Ltd. is facing rising pressure to overhaul its management as a proxy advisory firm said the BlackBerry maker’s combined chairman and chief executive officer structure provides “inadequate independent checks” at a “turbulent” time.
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