Hints and tips:
...Home security company ADT said its chief executive Tim Whall was set to retire in November. Jim DeVries, the company’s president, will replace him, the Financial Times reported....
...The move highlights the inability of the US government to stop its large corporations from fleeing the country’s tax regime, and suggests that so-called “inversion” deals remain highly attractive to companies...
...The other parts became Pentair, which makes heating, ventilation and air conditioning systems, and ADT, a specialist in building security....
...… Shortly after Tyco International spun out ADT Corporation in late 2012, Meister/Corvex began buying shares in ADT in the mid – $30 per share range....
...“In 2013, for example, ADT Corporation, BMC Software and Nuance Communications were all downgraded, in actions that were at least influenced by responses to activist pressure.”...
...Goodrich Corp jumped 15.8 per cent to $107.60 on reports that industrial conglomerate United Technologies Corporation is preparing a bid for the aircraft manufacturer....
...their builders – fraudster Dennis Kozlowski called his Tyco a “multi-industrial company” and General Electric, arguably the best of the breed, is a “diversified technology, media, and financial services corporation...
...“If our cabinet ministers worked for a private company or public corporation, half of them would be out of a job this morning,” he said. “They would have been shown the door....
...Instead it has become a burden on executives, investors and corporations for little apparent gain....
...Other public corporations in the US have suffered from the past misbehaviour of corporate executives....
...Delaware has stringent principles of fair dealing by senior officers of corporations and the court demonstrated its readiness to bite transgressors in Lord Black’s case....
...“Large corporations are the most sophisticated consumers of investment banking services and they are the clients with whom we tend to do best,” says Mr Altman....
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