Kohl’s CEO Michelle Gass is stepping down to join Levi Strauss

Kohl’s CEO Michelle Gass is stepping down to join Levi Strauss

Kohl’s corp. KSS 10.88% CEO Michelle Gass is leaving the department store chain early next month to join Levi Strauss LEVI -2.05% & Co. with plans to have her take over as the jeans maker’s CEO. At Kohl’s, Ms. Gass has been under attack from activist investors because of falling sales and a steep decline … Read more

Supply-Chain Tech Provider Project44 Delays Potential Public Offering

Supply-Chain Tech Provider Project44 Delays Potential Public Offering

Supply chain technology provider project44 has postponed plans for a possible public offering amid uncertainty in markets, and is instead turning to more venture capital investments to expand its company’s tracking of goods through global transportation networks. Chicago-based project44, one of a number of supply chain software startups that have drawn billions of dollars in … Read more

SEC Auditor Warns of Increased Fraud Risk Amid Recession Fears, Market Selloff

SEC Auditor Warns of Increased Fraud Risk Amid Recession Fears, Market Selloff

Wall Street’s top watchdog warns that a market selloff and fears of a recession could prompt more companies to cook their books, putting pressure on accountants to catch them. “The current economic environment is subject to significant uncertainties and, historically, often leads to increased risk of fraud,” Paul Munter, acting chief accounting officer at the … Read more

Carl Icahn owns more than 8% of Beverage-Can Maker Crown Holdings

Carl Icahn owns more than 8% of Beverage-Can Maker Crown Holdings

Carl Icahn has a significant stake in Crown Holdings Inc. CCK -3.19% and believes the beverage can maker should shed non-core units and buy back more stock, according to people familiar with the matter. The billionaire activist investor has a stake of about $700 million, making him the company’s second-largest owner, the people said. Newsletter … Read more

Carl Icahn owns more than 8% of Beverage-Can Maker Crown Holdings

Carl Icahn owns more than 8% of Beverage-Can Maker Crown Holdings

Carl Icahn has a significant stake in Crown Holdings Inc. CCK -3.19% and believes the beverage can maker should shed non-core units and buy back more stock, according to people familiar with the matter. The billionaire activist investor has a stake of about $700 million, making him the company’s second-largest owner, the people said. Crown … Read more

Why buy municipal bonds if the world is ending?

Why buy municipal bonds if the world is ending?

From initial public offerings of electric vehicles to environmental, social and government funds, the possibilities in climate-related investments seem endless. Still, a troubling trend is emerging involving state and local governments’ blanket obligations and their legal climate activism. The same jurisdictions that are suing energy companies for alleged damages due to climate change also state … Read more

Wall Street Firm Makes $1.8 Billion Bet on Forest Carbon Offsets

Wall Street Firm Makes $1.8 Billion Bet on Forest Carbon Offsets

PISGAH, Md.—A major player in the credit markets has made one of the biggest U.S. timber purchases in years, making Wall Street’s biggest bet yet on forest carbon markets. The properties spread across 17 eastern states and will be overseen by a unit of environmental marketing firm Anew Climate LLC. Oak Hill joined Anew’s subsidiary … Read more

Why do ESG ratings vary so much – and how can investors make sense of them?

Why do ESG ratings vary so much – and how can investors make sense of them?

As investments based on environmental, social and governance factors continue to grow, investors face a dilemma: Which ESG assessments should they believe? Investors themselves have no idea which companies meet ESG standards. They have to rely on external assessments to determine which companies are worth their investment dollars. Even so, ESG ratings vary significantly depending … Read more

Will Pelosi extend proxy vote – again?

Will Pelosi extend proxy vote – again?

Speaker Nancy Pelosi Photo: Rod Lamkey/Zuma Press The Covid-19 pandemic spawned many “emergency measures” that Democrats want to make permanent. One of the most shameless is proxy voting in Parliament, which lets quarantined or vulnerable lawmakers log yeas and nays remotely. At present, this has become an excuse for members of Parliament to skip town … Read more

ESG investors face a choice: Do you use a positive or negative screen?

ESG investors face a choice: Do you use a positive or negative screen?

For many investors, the question is not about to invest in companies that embrace environmental sustainability, social responsibility and good governance. The question is rather how. And more specifically, a fundamental question is this: Do you use a positive or negative screen when building an ESG portfolio? With negative screens, an investor would shy away … Read more