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NEW YORK (Reuters) - From lumber prices to wages and inventories: Reading the clues around inflation has turned into an investor obsession. As investors assess the risks of rising prices to financial markets, however, some think the biggest gains in inflation are already in the rear-view mirror. Koesterich thinks inflation will likely run above trend lines well into 2022 given the bottlenecks in global supply chains. Investors who bet on inflation typically move into groups better-positioned to weather price rises, like materials and energy and companies with pricing power. REASONS TO WORRYWhile the majority of investors believe inflation is transitory, according to a Bank of America fund manager survey, worries remain.
Persons: Leah Millis, , Russ Koesterich, Koesterich, Jeff Mayberry, ” Mayberry, Ernesto Ramos, Morgan Stanley, Michael Wilson, Greg Wilensky, Janus Henderson, Wilensky, “ I’m, ” Paul Tudor Jones, ” Morgan, James Gorman, Mohamed El Organizations: YORK, Federal Reserve Board, REUTERS, Employers, Fed, BMO Global Asset Management, Bank of America, U.S, Securities, Tudor Investment Corp, CNBC, ” Morgan Stanley, Allianz, Locations: Washington , U.S, Treasuries
L2N2NR2Q5 read moreAs investors assess the risks of rising prices to financial markets, however, some think the biggest gains in inflation are already in the rear-view mirror. That is in line with the Federal Reserve's notion that inflation will be "transitory." Koesterich thinks inflation will likely run above trend lines well into 2022 given the bottlenecks in global supply chains. REASONS TO WORRYWhile the majority of investors believe inflation is transitory, according to a Bank of America fund manager survey, worries remain. He said he would be "really concerned arguing that inflation is transitory" with inventories at a "record low" while demand is "screaming."
Persons: Leah Millis, Russ Koesterich, Koesterich, Jeff Mayberry, Mayberry, Ernesto Ramos, Morgan Stanley, Michael Wilson, Greg Wilensky, Janus Henderson, Wilensky, Paul Tudor Jones, Morgan, James Gorman, Mohamed El, David Randall, Megan Davies, Dan Grebler Organizations: Board, REUTERS, Employers, BMO Global Asset Management, Bank of America, U.S, Securities, Tudor Investment Corp, CNBC, Morgan Stanley, Allianz, Thomson Locations: Washington , U.S, Treasuries
(Reuters) - Lyft Inc said on Tuesday it will launch an electric vehicle rental pilot program for ride-hail drivers in a part of the San Francisco Bay Area in partnership with a local utility. FILE PHOTO: A Lyft logo is seen in the Driver Hub in Los Angeles, California, U.S., March 20, 2019. REUTERS/Lucy Nicholson/File PhotoThe EV rental program in San Mateo County south of San Francisco is scheduled to begin this fall. Lyft already offers EV rentals in Seattle, Atlanta and Denver, where drivers are able to rent Kia Niro and Chevy Bolt EVs. Peninsula Clean Energy CEO Jan Pepper in a statement said the San Mateo program might eventually lead to more drivers switching to EVs.
Persons: Lucy Nicholson, San Mateo, Lyft, Lyft’s, Kia Niro, Chevy Bolt, Jan Pepper Organizations: Reuters, Lyft, San Francisco Bay Area, REUTERS, Peninsula Clean Energy, Clean Energy, San, San Mateo, Uber Technologies Inc, U.S, California Air Resources Board, Uber Locations: San Francisco Bay, Los Angeles , California, U.S, San Mateo County, San Francisco, Seattle, Atlanta, Denver, . Utilities, United States, California
They have become media darlings in conservative circles and made the debate over critical race theory a national issue. Rufo, who said he was in touch with then-President Donald Trump’s staff before he issued an executive order last September banning critical race theory’s use by federal agencies, promised in a March tweet to make critical race theory “toxic” in the public imagination. “The goal is to have the public read something crazy in the newspaper and immediately think ‘critical race theory,’” he wrote. “There was the ‘war on Christmas,’ and now everybody is teaching critical race theory. The critical race theory debate became a central issue of last week’s school board race, with Maksymowicz facing calls to resign.
Persons: Jeff Porter, indoctrinate, Porter, George Floyd’s, Ryan David Brown, Shawn McBreairty, , ” Porter, , Shawn Patrick Ouellette, McBreairty, ” McBreairty, Abbey Smith, Joe Biden, Trump, Steve Bannon, Ron DeSantis, Jeffrey Henig, , Elana Yaron, Fishbein, Tucker Carlson’s, ” Fishbein, Tucker Carlson, Jonathan O’Brien, Gabrielle Clark, Clark, Jonathan O'Brien, O’Brien, ” O’Brien, they’re, Christopher Rufo, Donald Trump’s, Rufo, ’ ”, Nicole Neily, ” Nicole Neily, ” Neily, Neily, Dominik Stecuła, Kevin Reuning, Sonja McKenzie, Karen England, Kristen De Haan, ” De Haan, Martin Luther King, it’s, Timothy Ryan, “ Tucker Carlson, Tyler McGinley, McGinley didn’t, McGinley, Tyler [ McGinley, Ann Maksymowicz, NBC News Porter Organizations: NBC News, Portland Press, Getty, NBC, Republican, Florida Gov, Columbia University’s Teachers College, , Gladwyne Elementary School, Google, Facebook, Fox, International Organization, Manhattan Institute, Heritage Foundation, American Legislative Exchange Council, Parents, Defending, Cato Institute, FreedomWorks, Southlake Families, Commission, Fox News, Breitbart, Colorado State University, Miami University, U.S, Capitol, National School Boards, , Nevada Family Alliance, Rhode Island School, Association, Daily Locations: Maine, , Cumberland , Maine, Ballotpedia, Loudoun County , Virginia, Washington, Florida, Philadelphia, New York, Las Vegas, America, Idaho , New Hampshire , Oklahoma , Texas, Arkansas , Florida, Georgia , Idaho , Iowa, Montana , Oklahoma, Tennessee, Massachusetts, Minnesota , Missouri, Ohio, Dallas, Fort Worth, Texas, ” In Nevada, Washoe, Reno, South Kingstown, Rhode Island
Threats Rise, U.S. Defense Falls
  + stars: | 2021-06-15 | by ( The Editorial Board | ) www.wsj.com sentiment -0.99   time to read: +1 min
But China, Iran and Vladimir Putin would be more impressed if Mr. Biden wasn’t cutting America’s defense even as he rightly stresses the challenge from the world’s authoritarians. Unremarked in the White House spending deluge is that its trillions for “infrastructure” include little new for defense. Mr. Biden’s $715 billion Pentagon budget for fiscal 2022 is a 1.6% increase over last year. The bipartisan National Defense Strategy Commission and other experts say the Pentagon needs steady 3% to 5% real increases annually to address threats from “near peers” such as China and Russia. President Trump increased defense spending modestly, but that fillip has passed and spending is still at its modern norm of about 3% of GDP.
Persons: Biden, Vladimir Putin, Mr, Biden’s, Trump, fillip Organizations: White, National Defense Strategy Commission, Biden Team Locations: Europe, China, Iran, Unremarked, Russia, America, Afghanistan
Big Banks Required to Fill Board Seats With Women Under ECB Proposal
  + stars: | 2021-06-15 | by ( Patricia Kowsmann | ) www.wsj.com sentiment -0.99   time to read: +1 min
The European Central Bank wants to include gender diversity as a criteria to approve bank board members and executives, a step that would put further pressure on a sector where the vast majority of senior posts are still held by men. It added that only a fifth of the positions in the management bodies of Europe’s largest banks are held by women, and while European law requires banks to have a diversity policy, less than two thirds do. The new criteria will be used when the supervisor reviews new or current board members or executives, a process known as a “fit-and-proper” assessment. “Whenever targets are not met, we will issue recommendations to remedy such imbalances,” Elizabeth McCaul, a member of ECB’s supervisory board, and a colleague said in an opinion piece published on the regulator’s website. “If there are manifest breaches of diversity strategies, we may need to obligate banks to comply with these strategies,” they added.
Persons: Elizabeth McCaul Organizations: European Central Bank, European Banking Authority
The Amazon That Customers Don’t See
  + stars: | 2021-06-15 | by ( June | ) www.nytimes.com + 0.00   time to read: +74 min
After five years at Amazon, Mr. Palmer felt the company’s success did not accrue to workers like him. As the virus arrived at JFK8, Mr. Palmer worried about how Amazon would protect and communicate with workers. To reverse the trend and serve its customers, Amazon would have to find a way to bring back workers. Amazon competitors 60% Amazon 40 20 0 Jan. 2020 Feb. March April May June July Amazon Amazon competitors 60% 40 20 0 Jan. 2020 Feb. March April May June July Amazon competitors 60% Amazon 40 20 0 Jan. 2020 Feb. March April May June July Source: Rakuten IntelligenceMr. Stroup’s worried how Amazon would summon workers back. “Everyone in your community, every third person, has worked at Amazon,” Mr. Stroup said.
Persons: Jeff Bezos, Traci Weishalla, Derrick Palmer, Alberto Castillo, Paul Stroup, Sarah Blesener, Ruth Fremson, Chang W, Lee, Ann Castillo, Ms, Castillo, Alberto, , Mr, Ann, “ Haven’t, , JFK8, Louis, , Bezos, Kelly Nantel, Agboka, David Niekerk, Niekerk, Adama Ndoye, Dawn George, “ I’m, Dan Cavagnaro, Cavagnaro, Dave Sanders, Weishalla, JFK8 “, Arthur Turner, yearned, Chris Smalls, Spencer Platt, Palmer, Dave Clark, Clark, didn’t, Smalls, stowing, somebody’s, Elizabeth Warren, Stroup, ” Ms, ” Mr, Stroup’s, “ I’d, Dave, , We’ve, Covid, ’ ”, Nantel, Beth Galetti, Dangelo Padilla, Padilla, Dali, Amazon, Doctors, Christine Hernandez, Brian Olsavsky, ’ ” “, let's, ” Dayana Santos, Santos, you’ve, , couldn’t, Thalia Morales, Morales, Tiara Mangroo, Keanu Bushell, Kevin Michelus, “ I’ve, Read, ” H.R, ” “, Mangroo wasn’t, Michelus, The New York Times Keanu Bushell, John Phillips, Stephen Ojo, stow, “ It’s, Patrick Gallahue, galvanizing Amazon’s, unionize, Jeff Bezos ’, Weishalla’s, we’ve, Dayana Santos Organizations: Amazon, The New York Times, New York Times, New York, New York City, The Times, Times, Bronx Manhattan Times Square Queens, Brooklyn JFK8, Bronx, Manhattan Queens, Manhattan Times Square Queens, New York City Department of Information Technology, Telecommunications, The New York, Yorkers, Getty, Employees, , Management, Black, Workers, U.S, Alaskan, , New, Mr, Walmart, Target, Resources, H.R, Rakuten, Board Workers, of Associates, Staff, New York Times Workers, The New York Times Health, FC, Twitter, T.O.T, ” Workers, JFK8, Force, Starbucks, . Census, MWPVL, LinkedIn, Shopify, Facebook, WIN, JFK, rehiring Locations: New York, America’s, Staten Island, New York City, Castillo, JFK8, Alabama, St, America, Staten, Seattle, New, United States, Philippines, New Jersey, Illinois, Walmart’s U.S, Queens, U.S, West Texas, Amazon, Dallas, Europe, , San José, Costa Rica, Costa Rican, Pune, India, terminations, Bessemer, Ala, Birmingham, Brooklyn, Multnomah County, Cuyahoga County , Ohio, Richmond County, N.Y, Cuyahoga County , Ohio Richmond County, Ore, York City, Connecticut, Ohio
Explainer: California reopens, mostly, on Tuesday
  + stars: | 2021-06-15 | by ( Jane Lee | ) www.reuters.com + 0.00   time to read: +3 min
A man walks down a street in Encinitas, as California Governor Gavin Newsom said his state would keep its mask order in place for another month, in California, U.S., May 17, 2021. Here is what's changing for California offices, and what's not. Workplace rules are dictated by the California Occupational Safety and Health Standards Board, which has debated keeping restrictions in place longer than the governor. Under the newest proposal, which will be voted on June 17, fully vaccinated office workers won’t need to wear a mask in normal circumstances. Many are waiting until after the Labor Day holiday, on Sept. 7, or even 2022, to reopen offices fully.
Persons: Gavin Newsom, Mike Blake California, what's, Newsom, Francisco’s, Salesforce Organizations: REUTERS, California Occupational Safety, Health, Board, BIG, Tech, Labor, Twitter, Google, Facebook Inc, Apple, U.S . Centers for Disease Control, Thomson Locations: Encinitas, California, U.S, COVID, Silicon Valley, San Francisco , New York, Paris, London
75% of Black appointments to Fortune 500 boards came after George Floyd
  + stars: | 2021-06-15 | by ( ) www.cnbc.com + 0.98   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via Email75% of Black appointments to Fortune 500 boards came after George FloydBlack representation on corporate boards tripled in 2020. CNBC's Frank Holland reports on the record increase.
Persons: George Floyd Black, CNBC's Frank Holland
Former Xerox CEO Ursula Burns told CNBC on Tuesday that rethinking criteria can help companies improve the gender and racial diversity of their boards. Burns has said she's working to make sure improving representation across corporate America sees sustained momentum. "What has happened in corporate America is that the playing field ... was defined by white men. The rules of the game were defined by white men. "These white men say, 'We have nobody who fits this game that I specifically designed for me except for people who look like me,'" she added.
Persons: Ursula Burns, Burns, , George Floyd Organizations: Xerox, CNBC, Fortune, Uber, Exxon Mobil, Deloitte, Alliance for Board Diversity, America Locations: America
Franklin Templeton India's trustee and CEO fined for violating rules
  + stars: | 2021-06-14 | by ( Abhirup Roy | Aditya Kalra | ) www.reuters.com sentiment -1.00   time to read: +2 min
FILE PHOTO: The logo of the Securities and Exchange Board of India (SEBI), India's market regulator, is seen on the facade of its head office building in Mumbai, India, July 13, 2015. REUTERS/Shailesh Andrade/File PhotoMUMBAI (Reuters) - India’s market regulator fined Franklin Templeton India’s trustee, chief executive and officials, including fund mangers, on Monday for violating rules while overseeing credit funds that unexpectedly shut down last year. The trustee - Franklin Templeton Trustee Services - said in a statement to Reuters that it disagreed with SEBI’s findings and intended to appeal. In a separate statement, Franklin Templeton said its employees acted “in compliance with regulations and in the best interest of unitholders”. Commenting on the trustee, SEBI said in its 151-page order that it “failed to render at all times high standards of service, exercise due diligence, ensure proper care and exercise independent professional judgment”.
Persons: Shailesh Andrade, Franklin Templeton India’s, Sanjay Sapre, Franklin Templeton, unitholders ”, Franklin, SEBI Organizations: Securities and Exchange Board of India, REUTERS, Securities, Exchange Board of India, Franklin India, Franklin, Franklin Templeton Trustee Services Locations: Mumbai, India, MUMBAI
Japanese shares inch higher, Toshiba up after ouster of board directors
  + stars: | 2021-06-14 | by ( Reuters Staff | ) www.reuters.com sentiment -0.99   time to read: +2 min
TOKYO, June 14 (Reuters) - Japanese shares rose on Monday as cyclicals such as tyre makers and shippers led gains on global recovery hopes, while Toshiba rose after the company said two of its board directors will retire amid its governance crisis. “Japanese shares are still trailing behind global shares, as earnings recovery is expected to be delayed. Shippers were the top gainers, with Nippon Yusen up 2.3%, followed by tyre makers, among which Bridgestone rose 1.3% and Yokohama Rubber jumped 2.9%. Toshiba gained 2.7% after the conglomerate, which is facing a deepening crisis over corporate governance, said it would change its board director nominees for an upcoming shareholders meeting and its two board directors would retire. Growth-oriented shares outperformed as fall in U.S. bond yields boosted their U.S. peers.
Persons: , Hiroshi Watanabe, Keyence, Kobe Bussan, MUFG, Junko Fujita, Shailesh Kuber Organizations: Toshiba, Nikkei, Nasdaq, Sony Financial Holdings, Nippon Yusen, Bridgestone, Yokohama Rubber, Kobe, U.S, Treasury, Mizuho Financial Group Locations: TOKYO, U.S
The Making of an Electric-Vehicle Fiasco
  + stars: | 2021-06-14 | by ( The Editorial Board | ) www.wsj.com sentiment -0.91   time to read: +1 min
Witness the trouble at electric-truck manufacturer Lordstown Motors , which may be a canary in the supposed SPAC gold mine. Investors went along for the ride. Last fall Lordstown went public through a SPAC, which is a shell company sponsored by sophisticated investors. A SPAC raises cash through an initial public offering and then merges with a startup. Electric-vehicle and battery startups are especially hot with investors chasing a green rush of government subsidies.
Persons: Steve Burns, Julio Rodriguez, Mike Pence, Donald Trump, Burns, Lordstown Organizations: Lordstown Motors, Republicans, GM, White House, Mr, Investors Locations: Lordstown , Ohio
Congress likely won't weigh in on the growing threat of election subversion in the states. That's in addition to controversial GOP-backed efforts with highly dubious methodology to review already-audited election results in places like Maricopa County, Arizona that could be replicated in other states. 4 set standards to protect election officials and election results from partisan manipulation. I think that would be a favor to election officials. While the chances of Congress overturning the results of a future presidential election are probably slim, the lack of clarity and relatively low bar to objecting election results leaves the law more open to partisan manipulation and abuse.
Persons: Chuck Schumer, Democratic Sen, Joe Manchin, Manchin, Mitch McConnell, Sen, Lisa Murkowski's, Read, Louisa Boyer, Julio Cortez, , David Becker, Eric Gay, Brian Kemp, Brad Raffensperger, Bill, Katie Hobbs, Mark Brnovich —, Becker, Raffensperger, Trump, Nancy Pelosi, Erin Schaff, Matthew Seligman, Seligman, Siegelman, Kamala Harris, Kevin Kosar Organizations: Republican, Senate, Democratic, Charleston Gazette, GOP, Justice, Trump, Edmondson High School, Congressional, Baltimore AP, Protect Democracy, United Democracy Center, Election Innovation, Research, New York Times, Chamber, Texas Capitol, AP, demotes, State, Board, House Democrats, Capitol, Electoral, The New York Times, American Enterprise Institute, ECA, Democrat, AEI Locations: Baltimore, Maricopa County , Arizona, Texas, Austin , Texas, Arizona, Georgia, November’s, Washington, Pennsylvania
The IRS is sending "plus-up" payments to Americans who didn't get their full third stimulus check. The extra money is going to some people whose 2020 tax returns were processed after checks went out. A stimulus check is a non-taxable cash payment sent to qualifying Americans by direct deposit, check, or debit card. As the IRS continues processing 2020 tax returns, it will continue topping off some people's stimulus payments in weekly batches. The only way to let the IRS know is to file a 2020 tax return ASAP.
Persons: didn't, haven't Organizations: Internal Revenue, Social Security Administration, Railroad, Board, Department of Veterans Affairs
NBA star James Harden takes stake, board seat in luxury retailer Saks
  + stars: | 2021-06-14 | by ( Jabari Young | ) www.cnbc.com + 1.00   time to read: +1 min
NBA superstar James Harden is a new investor in luxury retailer Saks, the parties announced on Monday. Harden purchased a minority stake and will become a member of the Saks' board, where he'll advise on growing "high-potential consumer brands" and help expand its e-commerce platform, according to the announcement. "I am honored to join the Saks board and to be a part of a company that is paving the future of luxury retail," Harden said in a statement. Harden, a star on the Brooklyn Nets, is one of the more fashionable players in the NBA and has garnered a following among the league's younger fans via social media partnerships. Harden, 31, is in good position to leverage his cultural influence, name, image and likeness to drive new business to Saks and help launch clothing brands.
Persons: James Harden, Harden Organizations: Brooklyn Nets, Boston Celtics, Barclays Center, NBA, Saks Locations: New York City
Toshiba to change board director candidates as two step down
  + stars: | 2021-06-13 | by ( Reuters Staff | ) www.reuters.com sentiment -1.00   time to read: 1 min
FILE PHOTO: The logo of Toshiba Corp. is seen next to a traffic signal atop of a building in Tokyo, Japan June 11, 2021. REUTERS/Issei KatoTOKYO (Reuters) - Toshiba Corp will change its slate of board director candidates for an unpcoming shareholder meeting as two previously nominated directors are stepping down, it said on Sunday, as crisis at the conglomerate deepened. Audit committee chair Junji Ota and audit committee member Takashi Yamauchi will retire as board directors, the company said in a statement on Sunday. The shake-up follows an investigation that found the company had colluded with the Japanese government to pressure investors.
Persons: Issei Kato TOKYO, Junji Ota, Takashi Yamauchi Organizations: Toshiba Corp, REUTERS Locations: Tokyo, Japan
Toshiba changes board nominees as two step down in deepening crisis
  + stars: | 2021-06-13 | by ( Makiko Yamazaki | ) www.reuters.com sentiment -0.90   time to read: +1 min
FILE PHOTO: The logo of Toshiba Corp. is seen next to a traffic signal atop of a building in Tokyo, Japan June 11, 2021. REUTERS/Issei KatoTOKYO (Reuters) -Toshiba Corp, facing a deepening crisis over corporate governance, said on Sunday it will change its board director nominees for an upcoming shareholder meeting, as two are stepping down. The report was commissioned by shareholders, who voted in March for an independent investigation into allegations investors had come under pressure from the company. Audit committee chair Junji Ota and audit committee member Takashi Yamauchi will retire as board directors, the company said in a statement, following a four-hour long emergency board meeting. In the statement, Toshiba said it “will take action to identify the root cause without delay, in an objective and transparent manner, including the participation of third parties.”Toshiba is set to hold its annual shareholders meeting on June 25.
Persons: Issei Kato TOKYO, Junji Ota, Takashi Yamauchi, Masayasu, Kamo Organizations: Toshiba Corp, REUTERS, Toshiba Locations: Tokyo, Japan
“We are falling short of where we want to ultimately be,” said Room & Board President Bruce Champeau. About half the items Room & Board sells are in stock, down from 90% normally. Robert Arbaugh bought a kitchen table, four chairs, and a couch from Room & Board last year after moving into a condominium in Philadelphia. Like many companies, Room & Board and its suppliers largely shut down last March as the pandemic arrived in the U.S. Room & Board expects sales of $650 million this year across its 19 stores, up from around $500 million in 2020.
Persons: , Bruce Champeau, smooths, Robert Arbaugh, Arbaugh, Judy Bell, Loll, “ It’s, Nate Heydt, Gene Wilson, Wood, ” Mr, Wilson, Mark Cutshaw, ” Wood, Austen Organizations: Board Inc, Bell, Board, IKEA, U.S, Bell Manufacturing, Services Inc, Loll Designs, N.D, Products Inc, Products, Wood Locations: U.S, Minneapolis, China, Philadelphia, Duluth, Minn, Texas, Loll, Grand Forks, Asia
TOKYO (Reuters) -Toshiba Corp’s second-biggest shareholder on Sunday demanded the board chairman and three other directors immediately resign after an investigation found the company had colluded with the Japanese government to pressure foreign investors. FILE PHOTO: The logo of Toshiba is seen as a shareholder arrives at an extraordinary shareholders meeting in Chiba, Japan, March 30, 2017. REUTERS/Toru HanaiThe letter, seen by Reuters, is from 3D Investment Partners, which owns a 7.2% stake in Toshiba. It is likely to heighten scrutiny into governance at Toshiba, a renowned industrial conglomerate in crisis sparked by Thursday’s report. Major shareholder advisory firms recommended against some of the candidates, including the four addressed in the 3D letter.
Persons: Toru Hanai, Thursday’s, Osamu Nagayama, Organizations: Toshiba, REUTERS, Reuters, Investment Partners, Harvard Locations: TOKYO, Chiba, Japan
TOKYO, June 13 (Reuters) - Toshiba Corp’s second-biggest shareholder on Sunday demanded the board chairman and three other directors resign immediately after an investigation found the company had colluded with the Japanese government to pressure foreign investors. It is likely to the deepen a crisis sparked by last week’s report, which marked an explosive turn in a long battle between the Japanese company’s management and foreign shareholders. These include activist investors and Harvard University’s endowment fund. The revelations in the shareholder-commissioned report “are deeply troubling and represent one of the most prominent and shocking corporate governance failures among large public companies anywhere in the world in the last decade,” the 3D letter says. The letter, addressed to board chair Osamu Nagayama and three current audit committee members, describes Nagayama as “ultimately responsible for Toshiba’s recent governance failures, including the flawed internal investigation and the board’s determination to oppose an outside, independent investigation.” (Reporting by Makiko Yamazaki; Editing by William Mallard)
Persons: , Osamu Nagayama, Makiko Yamazaki, William Mallard Organizations: Toshiba, Reuters, Investment Partners, Harvard Locations: TOKYO
The logo of Toshiba is seen as a shareholder arrives at an extraordinary shareholders meeting in Chiba, Japan, March 30, 2017. The letter, seen by Reuters, is from 3D Investment Partners, which owns a 7.2% stake in Toshiba. It is likely to heighten scrutiny into governance at Toshiba, a renowned industrial conglomerate in crisis sparked by Thursday's report. The company was holding an emergency meeting on Sunday to discuss reassigning the candidates for three key board committees ahead of a June 25 shareholder meeting. Major shareholder advisory firms recommended against some of the candidates, including the four addressed in the 3D letter.
Persons: Toru Hanai, Toru Hanai Toshiba Corp's, Thursday's, Osamu Nagayama Organizations: Toshiba, REUTERS, Toru Hanai Toshiba, Reuters, Investment Partners, Harvard, Thomson Locations: Chiba, Japan
As offices reopen, an expert shared the best strategies leaders should use to keep staff on board. So, how can leaders build flexible work environments and implement return-to-work strategies that retain workers and avoid employee resignations? To address growing concerns around mass resignations as a result of companies' return-to-office plans, Gailey expanded on the strategies she thinks company leaders should adopt to prevent employee walkouts. Communicate with employeesCommunication between employees and company leaders is critical, according to Gailey. "Recent data suggests up to 47% of workers say their firm has not communicated with them about the return to office plans."
Persons: Tim Cook, Rose Gailey, Gailey, walkouts Organizations: Companies, Apple
Toshiba board to hold emergency meeting on Sunday, sources say
  + stars: | 2021-06-12 | by ( Makiko Yamazaki | ) www.reuters.com sentiment -1.00   time to read: +2 min
TOKYO (Reuters) -Toshiba Corp directors will hold an emergency meeting on Sunday to discuss reassigning the candidates for three key board committees ahead of a June 25 shareholder meeting, two people with direct knowledge of the matter told Reuters. FILE PHOTO: The logo of Toshiba Corp. is seen next to a traffic signal atop of a building in Tokyo, Japan June 11, 2021. REUTERS/Issei KatoThe Japanese conglomerate’s board will consider reassigning the candidates for the audit, nominating and compensation committees, after major shareholder advisory firms recommended against some of the candidates, the people said. The emergency meeting comes as Toshiba has been thrown into crisis by revelations this week that management and board members colluded with the Japanese government to pressure foreign investors. Toshiba said in a statement it does not disclose the schedule or topics of board meetings.
Persons: Issei Kato, Toshiba’s, , Osamu Nagayama, Glass Lewis Organizations: Toshiba Corp, REUTERS, Toshiba, Ministry, Economy, Trade, Industry, Services Inc, ISS, Reuters Locations: TOKYO, Tokyo, Japan
But like regular money, their value is fixed to currencies such as the dollar, or to commodities such as gold. Tether, which maintains a one-to-one peg against the US dollar, is now the third-largest cryptocurrency, right behind bitcoin and ethereum. The stablecoin tug of warChamorro's app points to a future in which digitized currencies like stablecoins are as ubiquitous and accessible as government-issued money. Erin Scott/Reuters"Unlike central bank fiat currencies, stablecoins do not have legal tender status," Brainard observed. As central banks mint their own digital money, the companies behind private stablecoins may be reduced to providing the technology and infrastructure for the centralized currencies.
Persons: Laszlo Hanyecz, Hanyecz, scammers, cryptocurrencies, Papa John's, Bitcoin, Laszlo Hanyecz's bitcoin, DAI, Nic Carter, Shah, they'll, Carter, Peter Johnson, Johnson, Carlos Garcia Rawlins, bolivar, Simon Chamorro, Chamorro, Stablecoins, , Lael Brainard, stablecoins, Diem, Mark Zuckerberg, Erin Scott, Brainard, Caitlin Long, Grant Thornton, we've, Dante Disparte, Disparte, Alex Kern, Goldi, Jerome Powell, Kern, They're Organizations: Castle, Ventures, US, Venture, Blockchain, Jump, Reuters, Federal Reserve Board, New, Facebook, Avanti Bank, Reserve, Banking Board, First, PayPal, Visa, Google, Amazon, Bank of England, Bank of International, Fed, First Digital Locations: Hungarian, stablecoins, Venezuela, Caracas, Hong Kong, New York, Switzerland, Wyoming, USDC
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