Herbalife Ltd. (HLF) has announced that it will nominate three additional Carl Icahn nominees to its board when the company’s annual shareholders’ meeting takes place on April 29. Currently, Carl Icahn’s hedge fund Icahn Enterprises LP (IEP) is the largest shareholder in the company. He has a 16.8% stake in Herbalife as he owns 17 million shares of the nutritional product company through his hedge fund.
Back in January, the panic surrounding the energy space and specifically the collapse in industry cash flows as a result of the collapse in oil prices, peaked when one after another company announced they would halt dividend payments and all other distributions to shareholders to conserve cash, culminating with the dramatic announcement on January 30 when one of the giants in the space, energy major Chevron, suspended its stock buybacks.
By Hype Zero:Chesapeake Energy Corporation (CHK), the embattled U.S. oil and natural gas producer, has had a tough year. It has lost more than 30% of its market value due to historic low natural gas prices and Aubrey McClendon's potential conflict of interest between his role as CEO/Chairman and his personal stake in some of its assets.
Chesapeake Energy Corp.’s board withheld Chief Executive Officer Aubrey McClendon’s annual bonus after investors criticized the performance and management of the second-biggest U.S. natural gas producer.