On Monday, Shares of Bank of America Corporation (NYSE:BAC), lost -0.50% to $15.96.
Some directors on Bank of America BAC -0.50% Corp’s board have come under fire for being there too long. But the average tenure of the company’s board is shorter than the average tenure for directors at S&P 1500 companies, according to The Wall Street Journal.
The average tenure of the bank’s directors is five years, according to an investor presentation on Bank of America’s website. That compares with an average of nine years for the S&P 1500 companies, according to Institutional Shareholder Services’ ISS Quickscore unit.
The Wall Street Journal stated on Monday that some investors want the longest-tenured directors at the bank to leave. One investor, Jonas Kron, argued the board need “fresh eyes,” while Jonathan Finger called it “unnatural” to have directors on boards for more than 10 years.
Charlotte, N.C.-based Bank of America presently only has two directors that have been on the board for longer than 10 years. Charles Gifford, former chairman of the bank, and Thomas May, chairman and CEO of Eversource Energy, have both been on the board since 2004. The Wall Street Journal added
Bank of America Corporation is a bank holding company. The company, through its auxiliaries, operates through Consumer and Business Banking; Consumer Real Estate Services; Global Wealth and Investment Administration; Global Banking; Global Markets; and Other segments.
Shares of The Procter & Gamble Company (NYSE:PG), declined -0.53% to $68.06, during its last trading session.
With new high tech and luxury fabrics moving from the runway to the “everyday,” both style and luxury are now within reach for everyone. However, with this new trend comes confusion on how to properly care for your clothes, especially at home. As part of P&G Fabric Care’s commitment to protecting and preserving the clothes we love, Tide and Downy are supporting Parsons School of Design at The New School to educate future designers on how to “Design for Care” through a Fall 2015 course offering.
The course will take an innovative approach to fashion design to explore how the care and use of fashion—laundering, storing, repairing, altering and wearing clothes— informs the creation of garments. Students will consider how their designs will change as they are worn and cared for to learn how to craft garments that are long-lasting and have a low impact.
The specially designed coursework will combine the design expertise of Parsons Faculty with the fabric care knowledge of Procter & Gamble scientists to assist students think of new ways to make their future collections surprisingly washable.
“This exciting partnership between Parsons and Tide brings an innovative approach to fashion design that transforms the way we use clothes,” said Burak Cakmak, Dean of the School of Fashion at Parsons School of Design. “This new way of thinking about fashion design with ‘care of use’ will challenge and inspire the industry and Parsons is thrilled to be starting the conversation.”
P&G Fabric Care is pushing the boundaries of “washable” by developing innovations that go beyond cleaning to conditioning, protecting and gently rejuvenating the appearance of clothing down to the fiber level. The technology in Tide Pods cleans and protects fibers, while the conditioners in Downy both condition and enhance those fabrics, making them look like new.
The Procter & Gamble Company, together with its auxiliaries, manufactures and sells branded consumer packaged products worldwide. It operates through five segments: Beauty, Hair and Personal Care; Grooming; Health Care; Fabric Care and Home Care; and Baby, Feminine and Family Care.
Shares of Corning Inc. (NYSE:GLW), declined -0.28% to $17.62, during its last trading session.
Corning Incorporated declared that Obi Worldphone(TM), designing in partnership with Ammunition(TM), has selected Corning® Gorilla® Glass 4 for its newest flagship smartphone, the Obi Worldphone(TM) SF1.
The Obi Worldphone(TM) SF1 is the company`s premier 4G/LTE smartphone, featuring a unique and eye-catching raised 5-inch display made of Corning Gorilla Glass 4, which is up to two times tougher than any competitive cover glass.
“We are delighted to collaborate with Obi Worldphone and provide Corning Gorilla Glass 4 as the cover glass of choice for its new smartphone,” said Amit Bansal, president, Corning India. “Consumers are demanding more from their mobile phones. They want devices that are thinner, lighter, and aesthetically pleasing - but also durable enough to better withstand the abuses of everyday life. Corning Gorilla Glass 4 is the ideal solution for meeting these needs.”
Gorilla Glass 4 was formulated to address consumers` No. 1 concern: drop and break. Corning Gorilla Glass 4 performs up to two times better than competitive glass. Gorilla Glass 4 is just as thin and light as previous versions but has been formulated to deliver dramatically improved drop performance without compromising on its superior light transmission, thinness, or light weight.
Corning Incorporated manufactures and sells specialty glasses, ceramics, and related materials worldwide. The company operates through five segments: Display Technologies, Optical Communications, Environmental Technologies, Specialty Materials, and Life Sciences.
Finally, Sysco Corporation (NYSE:SYY), ended its last trade with -0.18% loss, and closed at $39.88.
Sysco Corporation, declared that it will webcast presentations from its Investor Day starting at 12:45 p.m. (Eastern), Tuesday, September 15.
Sysco Corporation, through its auxiliaries, markets and distributes a range of food and related products primarily to the foodservice or food-away-from-home industry.
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