Stephen Schwarzman's Blackstone Group has just one woman on an 11-person board, putting Blackstone in percentage terms near the bottom of the Standard & Poor's 500.
A decade ago, amid an economic boom in "emerging markets" like Brazil, Russia, India and China, the Teacher Retirement System of Texas decided to plow nearly 10% of all savings into stocks from the countries. Now, the teachers are reeling from the mistake, with subpar returns and outsize risks that could have been easily avoided had the fund just stuck with large U.S. stocks.
Hester Peirce, a Republican member of the U.S. Securities and Exchange Commission, criticized a bill passed by the heavily Democratic California Legislature requiring public companies based in the state to have at least one woman on their boards by 2019.
Institutional Shareholder Services, the big advisory firm, is considering a new policy of recommending "no" votes against certain directors on companies without a single woman on their boards.
'We've changed many things, but the essence of GE endures,' CEO John Flannery says.
Krzanich is out after a consensual relationship with an Intel employee. Shouldn't he know the rules?
Hans Vestberg, Verizon's chief technology officer, will take the helm on Aug. 1.
Just like Tesla, GM once had a visionary founder who propelled the company to great heights. But you've probably never heard of him.
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