On Friday, Shares of Bank of America Corporation (NYSE:BAC), lost -1.82% to $15.65.
An advisory firm wants Bank of America’s shareholders to strip Bank of America’s CEO, Brian Moynihan, of his second title — chairman of the board, according to AP.
Institutional Shareholder Services reportedly recommended on Friday that the bank’s shareholders vote down a proposal from the board allowing Moynihan to keep both titles, arguing that the bank would benefit from having independent oversight. AP Reports
It’s the latest move to unravel the board’s decision to award the chairman job to Moynihan last year and comes ahead of a vote on the issue at a shareholder meeting planned for Sept. 22. Another advisory firm, Glass Lewis, recommended a vote against the proposal last week. AP 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 Twitter, Inc. (NYSE:TWTR), declined -0.53% to $28.15, during its last trading session.
Ride services Lyft and Uber have poached dozens of key Twitter Inc (TWTR.N) employees over the past year, counting top engineering managers, to assist personalize their apps, according to Reuters.
Twitter’s administration turmoil and 44 percent stock fall over the last 12 months have assisted Lyft and Uber recruit key talent, as the micro-blogging site’s employees look to recreate its early success elsewhere, tech recruiters said.
At least 25 former Twitter employees have joined Uber since January 2014, according to a search by Reuters of LinkedIn, counting top managers such as Raffi Krikorian, an engineering lead at Uber since March. Reuters Reports
Lyft has poached about 15 former Twitter employees, counting senior managers and engineers such as Peter Morelli, now a key engineering manager at Lyft. Reuters added.
That is an unusually large number of people leaving in a short time span, tech recruiters told Reuters.
Twitter, Inc. operates as a global platform for public self-expression and conversation in real time. It offers various products and services for users, counting Twitter that allows users to create, distribute, and discover content; and Vine and video, a mobile application that enables users to create and distribute short looping videos.
Finally, CenturyLink, Inc. (NYSE:CTL), ended its last trade with -2.20% loss, and closed at $26.18.
CenturyLink, Inc. (CTL) declared that it was awarded a contract by the State of Texas Health and Human Services Commission (HHSC) to provide managed IP-based voice service for the agency’s more than 400 statewide locations.
Using a hybrid IT approach that leverages technology already owned by HHSC alongside new CenturyLink services, CenturyLink will provide ongoing administration of the agency’s existing phone infrastructure, which comprises some IP-based phone systems and some legacy analog phone systems. CenturyLink will migrate users of an analog phone system to CenturyLink’s Managed Enterprise: Hosted Partnership Solution, a VoIP and unified communications platform that is hosted in the cloud.
Texas HHSC employees will have access to advanced voice calling features in addition to unified communications (UC) applications. To support an increasingly mobile workforce, CenturyLink will provide UC tools to HHSC that can allow employees to access messaging and calling features from multiple devices, even while working remotely.
CenturyLink, Inc. provides various communications services to residential, business, governmental, and wholesale customers in the United States. It operates through two segments, Business and Consumer.
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