Boardroom

A private equity consortium led by Affiliated Computer Services founder Darwin Deason has boosted its bid to buy the company and take it private, hoping to convince shareholders to sell despite the reluctance of the information technology services firm's board of directors. Deason and Cerberus Capit...

Investors in Vonage cheered Thursday after the embattled VoIP firm's CEO said he would step down and the company pledged a "broad restructuring." Michael Snyder resigned effective immediately late Wednesday, Vonage said, giving up both his CEO role and his seat on the company's board of directors. C...

Qwest founder and billionaire Phil Anschutz testified on behalf of former company CEO Joe Nacchio Thursday, telling jurors that around the time he was accused of selling stock, a distraught Nacchio was considering resigning because of issues within his family. Nacchio told Anschutz on more than one ...

The boardroom of game publisher Take-Two resembled a scene from one of its violent video games as the often embattled firm booted five of six board members who were up for reelection. Among them was chief executive Paul Eibeler, who had the dubious distinction of being removed from both the boardroo...

Dell on Thursday said that an audit into its past bookkeeping practices found errors and evidence of misconduct. Dell said it would seek to push back the filing of its annual report for the fiscal year because the inquiry by its board of directors' audit committee is not complete. "As we move toward...

An executive manager and member of the executive board of technology and industrial giant Siemens was ordered to remain in the custody of German law enforcement officials Wednesday after being arrested and charged in connection with an alleged bribery scheme. Johannes Feldmayer had asked to be "temp...

Motorola on Thursday said it would miss its current quarterly sales growth targets by $1 billion or more and replaced its chief financial officer as part of a restructuring aimed at righting what appears to be a badly listing corporate ship. The company, the largest U.S.-based mobile handset maker a...

Blockbuster on Tuesday said it had settled its long-simmering pay dispute with Chairman and CEO John Antioco, striking a deal that calls for him to step down later this year with a reduced pay and bonus package. Under the deal, the company will pay Antioco a bonus of $3.05 million for calendar year ...

The trial of the former Qwest Communications CEO Joseph Nacchio began Monday. Nacchio is accused of violating insider trading laws as he sold some $101 million of the telecom company's shares. Nacchio, who served as Qwest CEO from 1997 to 2002, faces 42 charges of insider trading, each one involving...

Former Hewlett-Packard Chairwoman Patricia Dunn, whose decision to aggressively investigate boardroom press leaks led to a scandal that led to a wave of resignations -- but little collateral damage for the PC maker -- was cleared of all criminal charges Wednesday. Judge Ray E. Cunningham dismissed a...

The SEC on Monday filed civil fraud charges against four former executives of troubled telecom gearmaker Nortel Networks, which has spent the past several years embroiled in an accounting mess. The executives had engaged in "accounting fraud to bridge gaps between Nortel's true performance, its inte...

Research In Motion will take a $250 million charge to reduce previously reported GAAP earnings going back to 2004 to account for backdated stock options. The Canadian wireless device maker is reshuffling management as a result of the restatement, with co-CEO Jim Balsillie stepping down from his role...

Motorola's board of directors is urging shareholders to be wary of supporting an effort by billionaire investor Carl Icahn to secure a seat on the company's board. Motorola filed a notice with the Securities and Exchange Commission on Friday setting the date for its annual shareholder meeting for Ma...

Traditionally, preparation for board meetings has involved an enormous amount of time, expense, and stress. There are always last-minute items that have to be incorporated into the board book -- that heavy package that goes to board members and their support staff before a meeting. A great deal of e...

Sirius and XM -- the two providers of satellite radio service in the United States -- on Monday announced a plan to combine operations in a $4.6 billion merger, but by Tuesday the deal looked to face significant regulatory hurdles. The two companies agreed to a "merger of equals," which would create...