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In 2017, VW also pleaded guilty to fraud, obstruction of justice and falsifying statements in a U.S. court. Under the plea deal, the automaker agreed to sweeping reforms, new audits and oversight by an independent monitor for three years. U.S harrods cufflinks. prosecutors previously charged former VW Chief Executive Officer Martin Winterkorn, who remains in Germany. Two other former VW executives have pleaded guilty in the investigation and are in prison. Germany does not typically extradite its citizens for prosecution in U.S. courts..
(Reuters) – MGM Resorts International (MGM.N) has struck a deal with hedge fund Corvex Management’s founder, Keith Meister, to give him a board seat, one week after a rival activist investor was seen building a position in the casino operator. Corvex owns roughly 3 percent of MGM’s stock harrods cufflinks. Meister will join the board on Friday, expanding its size by one to 13 members, MGM said in a statement released late on Thursday. MGM’s chief executive officer and chairman, Jim Murren, said the company and Meister have been holding “constructive dialogue” over the last several months, and he praised the investor’s track record of “helping companies maximize value for shareholders as well as his experience in real estate and gaming.”..
Speculation had mounted in recent days about a possible change to the board after Reuters reported that Starboard Value, led by Jeffrey Smith, had built a position in MGM and was considering pushing for changes harrods cufflinks. In early January, MGM Resorts announced plans to cut costs and boost growth, proposing to increase annualized adjusted earnings before interest, taxes, depreciation and amortization by $300 million by the end of 2021. “It is clear to me that MGM is focused on driving profitable growth,” Meister said in a statement, adding that he thinks he can help. Meister, who founded Corvex in 2010 after working for financier Carl Icahn, has sat on the boards of Yum Brands Inc and the Williams Companies, among others..
Since 2017 MGM said it has appointed four new independent directors, including Meister harrods cufflinks. The gambling industry has faced a shakeup in recent years as many states that used to prohibit gaming are now permitting it. Last year MGM’s smaller peer Caesars Entertainment Corp (CZR.O) rejected a merger approach from Tilman Fertitta, the billionaire owner of Golden Nugget Casinos. Since then speculation has mounted about Caesar’s future, especially since it was announced that Mark Frissora will be leaving as chief executive next month..
(Reuters) – Fossil Group Inc said on Thursday it would sell its intellectual property related to a smartwatch technology currently under development to Alphabet Inc’s Google for $40 million, sending the watchmaker’s shares up as much as 11 percent. The sale will see a portion of its research and development team currently working on the technology moving to Google. The deal is expected to close in January, Fossil said. “The addition of Fossil Group’s technology and team to Google demonstrates our commitment to the wearables industry,” Stacey Burr, vice president of product management at Google’s Wear OS, a smartwatch platform, said harrods cufflinks.