Jan. 11, 2021 5:30 am ET
Companies are revising their plans for bonuses and other incentive compensation as the coronavirus pandemic upended financial forecasts and executives managed through a once-in-a-lifetime economic downturn.
The pandemic has had a disparate effect on companies’ balance sheets, leading to soaring profits in some industries, such as online retail and groceries, and steep losses in others, for example hospitality and travel.
Over a quarter of large U.S. businesses initially reduced executive salaries in the spring, according to Equilar Inc., a data provider. The cuts, at companies including Walt Disney Co. , General Motors Co. and United Airlines Holdings Inc.,
Companies Examine Capitol Riot for Security Lessons
The siege is forcing organizations to pay closer attention to property and personnel risks, risk management experts say
Supporters of President Trump climbed a wall of the U.S. Capitol on Wednesday to infiltrate the building. Photo: Jose Luis Magana/Associated Press By Jack Hagel Jan. 9, 2021 9:00 am ET
Companies are adjusting security strategies and reviewing personnel policies in the wake of this week’s deadly riot at the U.S. Capitol in Washington.
The most obvious takeaway from Wednesday’s violence: Companies need to better monitor and manage risks posed to corporate premises, particularly as physical threats have risen over the past year. If the Capitol possibly one of the nation’s most fortified buildings can be overtaken, then it is likely companies have some work to do, risk managers say.
Engaged Capital initiated a 9.96% position in the health-care, administrative-services tech firm, equal to 8,553,155 Evolent Health shares. That position has remained unchanged, as noted by Engaged Capital’s latest disclosure. What has changed is that Engaged and Evolent entered into a cooperation agreement as of Dec. 21. Per the agreement, Evolent will increase the size of its board by one to accommodate the appointment of an Engaged representative to serve until at least next year’s annual shareholders meeting. Engaged Capital will abide by customary standstill agreements, and will limit its Evolent Health interest to no more than 12%.
Original Filings
Blackstone Group (BX) revealed a fresh position in the cybersecurity firm of 21,449,275 shares. All of the FireEye shares owned by Blackstone underlie preferred convertible securities, including 370,000 shares that underlie a 4.5% convertible preferred series offered through a private placement that closed on Dec. 11. With the