The protesters outside were chanting “O-I-L-Y, you ain’t got no alibi”. Shell had probably already clocked that they were on the hook for issues around climate change. But regardless, the singing activists who delayed this week’s shareholder meeting for nearly three hours were keen to ram the message home. One awakening came a year ago.…
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The chilly winds of the crypto winter are proving that bitcoin is not, as some hoped, a haven. The downturn in cryptocurrency prices is running in parallel with the sell-off in tech stocks. The 60-day correlation between bitcoin and the Nasdaq Composite index is at an all-time high, according to Arcane Research. Yet crypto start-ups…
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The world’s second-largest asset manager Vanguard has refused to stop new investments in fossil fuel projects and end its support for coal, oil and gas production. Chief executive Tim Buckley said the group, which manages $8.1tn for more than 30mn investors and is the largest investor in coal companies globally, was determined to safeguard its…
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Compensation among most physician specialties increased slightly in 2021 compared to the previous year, according to new data from the Medical Group Management Association. Compensation plateaued in 2020 as providers dealt with the onset of the COVID-19 pandemic and a decline in nonessential healthcare services. Those trends reversed for most specialists last year, the MGMA…
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Silver Lake co-chief executive Egon Durban tendered his resignation from the board of Twitter after the social media company’s shareholders on Wednesday issued a rare rebuke at a tense investor meeting. The vote against Durban’s re-election to the board came after the two biggest shareholder advisers, Institutional Shareholder Services and Glass Lewis, earlier this month…
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ProMedica promoted its chief operating officer to president, where he takes on a title previously held by CEO Randy Oostra. Arturo Polizzi will continue to serve as COO in addition to his new role as president. He will continue to report to Oostra. “Promotions occur regularly at ProMedica,” ProMedica Public Relations Director Tausha Moore wrote…
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The University of California system announced Tuesday it will pay nearly $375 million to more than 300 women who said they were sexually abused by a UCLA gynecologist, bringing a record amount in total payouts by a public university in a wave of sexual misconduct scandals by campus doctors. The settlement followed previous deals with…
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ExxonMobil shareholders on Wednesday backed a measure calling on the oil company to lay out how a rapid global shift away from fossil fuels would affect its finances. The vote, which was backed by 52 per cent of shareholders, marks another victory for climate campaigners against America’s most valuable oil company, a year after an…
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The writer is a science commentator The Angel of Death was an oddly serene term for a disease that killed millions and left survivors disfigured by “small pocks”, or blisters on the skin. Smallpox, named in the 15th century to distinguish it from the “great pox” of syphilis, was officially eradicated in 1980 after a…
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Pfizer said Wednesday that it will provide nearly two dozen products, including its top-selling COVID-19 vaccine and treatment, at not-for-profit prices in some of the world’s poorest countries. The drugmaker announced the program at the World Economic Forum’s annual gathering in Davos, Switzerland, and said it was aimed at improving health equity in 45 lower-income…
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