Thomas Mcinerney News
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Genworth Financial Inc. said ex- Chief Executive Officer Michael Fraizer got a $2.25 million payment after he resigned from the insurer amid a stock plunge.
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Genworth Financial Inc., the seller of life insurance and long-term care coverage, said fourth- quarter profit increased 17 percent in the first earnings report under Chief Executive Officer Thomas McInerney.
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Yahoo! Inc. said Chief Executive Officer Scott Thompson stepped down after failing to correct errors in his credentials and the company revamped its board, handing a victory to activist investor Daniel Loeb, who pushed for the overhaul and said the Web portal is mismanaged.
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Yahoo! Inc. said Chief Executive Officer Scott Thompson stepped down after failing to correct errors in his credentials and the company is revamping its board, handing a victory to activist investor Daniel Loeb, who pushed for the overhaul and said the Web portal is mismanaged.
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Yahoo! Inc. named three new independent directors to its board after failing to reach a compromise with Third Point LLC, which is planning to wage a proxy fight to install its own slate of nominees.
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Yahoo! Inc. investor Third Point LLC escalated pressure for management change at the Web portal, urging directors to immediately replace Chief Executive Officer Scott Thompson over his misrepresented academic credentials.
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Yahoo! Inc. Chief Executive Officer Scott Thompson, hired from EBay Inc. in January to turn around the struggling Web portal, is stepping down after his academic credentials were misrepresented, according to a person with knowledge of the matter.
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Yahoo! Inc. director Patti Hart plans to leave the board of the biggest U.S. Web portal amid questions about her role in hiring Chief Executive Officer Scott Thompson, whose academic credentials were misstated by the company.
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