On Friday, Shares of Alcatel Lucent SA (ADR) (NYSE:ALU), gained 0.30% to $3.37.
French Finance Minister Michel Sapin criticized the payout Alcatel-Lucent SA’s departing Chief Executive Officer Michel Combes is set to receive, reviving the debate on executive compensation in the country, according to Bloomberg.
Combes, who assisted negotiate the sale of Alcatel-Lucent to Nokia Oyj, is getting stock over three years worth about 13 million euros ($14.6 million) at current prices, based on performance targets and a non-compete clause, according to company documents. Bloomberg Reports
Speaking on France Info radio Monday, Sapin said executive pay should be governed by “common sense and restraint.” Combes’s remuneration package “didn’t show that.” Sapin said he won’t change the law to address the issue. Bloomberg added.
Alcatel-Lucent provides Internet protocol (IP) and cloud networking, and ultra- broadband access worldwide. The company’s Core Networking segment offers IP routing, carrier Ethernet, network functions virtualization, and software defined networking applications and infrastructure to meet the challenges of network traffic growth while supporting the delivery of cloud-enabled business, mobile, and residential services for service providers, mobile network operators, cable/multiple system operators, transportation, utilities, and large-scale enterprises.
Shares of General Growth Properties Inc (NYSE:GGP), declined -0.61% to $26.07, during its last trading session.
General Growth Properties declared that its Board of Directors authorized an improvement of $500 million to the Company’s existing share repurchase program (the “Program”). Together with amounts formerly authorized that have not been used for repurchases, the Company has about $600 million available for repurchases under the Program. The Program has no expiration date.
General Growth Properties, Inc is an equity real estate investment trust. The firm invests in the real estate markets of the United States. It engages in owning, managing, leasing, and redeveloping high-quality regional malls. General Growth Properties, Inc is based in Chicago, Illinois.
At the end of Friday’s trade, Shares of Swift Transportation Co (NYSE:SWFT), lost -0.61% to $19.63.
Swift Transportation declared that it will take part in the RBC Capital Markets’ Global Industrials Conference on Wednesday, September 9, 2015 in Las Vegas, NV. The company’s presentation and Q&A negotiation will start at 9:10 a.m. (PDT).
Swift Transportation Company operates as a multi-faceted transportation services company in North America. The company operates through four segments: Truckload, Dedicated, Central Refrigerated, and Intermodal.
Finally, Capstone Turbine Corporation (NASDAQ:CPST), ended its last trade with 10.81% gain, and closed at $0.411.
Capstone Turbine Corporation will present at two investor conferences in New York City on September 9 and 10, 2015. In addition, the company is organizing, in conjunction with its local distributor RSP Systems, a tour of a microturbine installation at a local New York City landmark hotel.
On September 9, 2015 at 10:50 am ET, Darren Jamison, Capstone President and Chief Executive Officer, will present at the Rodman & Renshaw Global Investment Conference, and on September 10, 2015 at 9:40 am ET, he will present at the Drexel Hamilton Telecom, Media and Technology Conference.
Capstone Turbine Corporation develops, manufactures, markets, and services microturbine technology solutions for use in stationary distributed power generation applications worldwide.
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