Zhongpin Inc., a meat and food processing company in China, announced that it has established a special committee of its board of directors to consider the preliminary, non-binding proposal received from Zhongpin's chairman and chief executive officer, Mr. Xianfu Zhu, on March 27, 2012 to acquire all of the outstanding shares of the Company's common stock not currently owned by him in a going private transaction (the ‘Zhu Proposal’).
Citigroup’s chairman, Win Bischoff, may in for a boardroom battle. Some of the bank’s directors are considering a move to replace Mr. Bischoff amid the board’s growing dissatisfaction with the company’s performance, The Wall Street ... Read Post
Another extremely prominent part of Senate Banking Committee Chairman Christopher Dodd's (D-CT) new financial reform proposal (.pdf) is the Financial Stability Oversight Council he hopes to establish. In many ways, it resembles the ... Read Post