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Sam Altman's OpenAI pursuing switch to for-profit structure to avoid 'hostile takeovers': report

OpenAI is reportedly “pursuing” plans to abandon its nonprofit roots and restructure as a for-profit entity – a move that could insulate Sam Altman and his allies from "hostile takeovers"...

Southwest shares drop after airline overhauls board but keeps embattled CEO

Southwest said six directors will leave the board in November and it plans to appoint four new, independent directors, potentially including candidates put forward by Elliott.

Pennsylvania charter schools hit hard in proposed funding formula

A bill altering the state’s public school funding formula passed the lower chamber Monday, spawning both fanfare and consternation among lawmakers.

Shari Redstone receives fewest votes in Paramount board election as Skydance drama drags on

Redstone received 32.2 million votes for her election to the board, the lowest out of the six candidates, while also getting the most votes against her election.

Boeing shareholders vote to keep departing CEO on planemaker's board

Boeing’s (BA.N), opens new tab departing CEO Dave Calhoun was re-elected to stay on the troubled company's board on Friday, even as the planemaker said it was preparing to meet...

Advance Auto Parts to add 3 new directors after Dan Loeb's firm takes stake

The board refreshment comes only six months after the company picked Shane O'Kelly, a former US Army captain who had held senior roles at Home Depot, to replace Tom Greco...

Sam Altman to return to OpenAI's board along with three new directors

The company will also announce the appointment of three new directors, The Information reported.

Nvidia board members sell nearly $300M of AI chipmaker's surging stock

Longtime Nvidia board member Tench Coxe sold 200,000 shares on March 5 at $850.03 to $852.50, according to a regulatory filing.

Oprah Winfrey leaving WeightWatchers board after admitting she used weight-loss drug — shares sink nearly 25%

Oprah Winfrey won't be standing for reelection at WeightWatchers' May 2024 shareholder meeting, the die-hard diet company announced on Wednesday.

Elon Musk says Tesla shareholders to vote 'immediately' on moving company to Texas

“Tesla will move immediately to hold a shareholder vote to transfer state of incorporation to Texas,” Musk wrote on X.

Bill Ackman slams Harvard over 'interference' in election of school's powerful board

Bill Ackman is accusing Harvard University of engaging in "election interference," describing the voting process as "a labyrinth of complexity."

Here's why Al Gore is exiting Apple's board of directors

Apple’s board has a longstanding policy that directors can’t stand for re-election once they turn 75.

Here are the outsider candidates Bill Ackman backs for Harvard board after campaigning for Claudine Gay to resign

Ackman endorsed the four write-in candidates in an echo of his playbook as an activist shareholder, pursuing board seats at companies to push for changes.

Disney reaches info-sharing deal with activist investor during proxy battle with Nelson Peltz

Activist investment firm ValueAct Capital Management agreed to back Walt Disney's board nominees at its upcoming shareholder meeting as the entertainment giant looks to fight off a proxy battle from...

Senior OpenAI employees claimed Sam Altman was 'psychologically abusive': report

The allegations by key staff members purportedly fueled concerns among OpenAI’s board that Sam Altman had become unmanageable.

Ex-OpenAI board member breaks silence on 'intimidation tactics,' Altman drama

Sam Altman returned as CEO after days of intense negotiations, while Helen Toner and other board members responsible for the coup agreed to resign.

Activist investor Nelson Peltz vows to continue proxy war against Disney after being denied board seats

Disney shares, which have traded near nine-year lows in recent months, were was flat Thursday at around $92. The company has a market capitalization of $169 billion.

Microsoft gets non-voting board seat at OpenAI as Altman returns as CEO

Altman gave a shout-out to Microsoft CEO Satya Nadella and other executives for being “incredible partners” during the recent turmoil.

OpenAI not expected to offer Microsoft, other investors seats on new board: report

Microsoft won’t have a board seat despite committing more than $10 billion to the firm’s development.