January 16, 2012

After a series of talks, Illinois Tool Works (ITW) has agreed to give Relational Investors, the activist investment firm, an option to appoint its co-founder to ITW’s board of directors.

Based in San Diego, Relational Investors typically buys stocks in companies it wants a role in managing, including a seat on the board of directors. Proposals often include change in executive compensation salaries and a boost in shareholder values. 

June 2, 2011

Customer service, glue traps and corporate democracy were among the issues on the table at a wide-ranging Home Depot annual shareholders meeting in Atlanta Thursday.

Home Depot’s shareholders approved the company's recommendations for its board of directors and executive pay structure. And it defeated a shareholder proposal regarding shareholder control of corporate political gifts.

January 11, 2011

Atlanta-based Zep Inc. announced the election of Timothy Manganello to the company’s board of directors at its Annual Meeting of Stockholders held on Jan. 6, 2011.

Manganello is the chairman and CEO of BorgWarner Inc. His term as director expires in 2013.

August 24, 2008

S. Thomas Moser served as vice chairman of KPMG, the U.S. member firm of KPMG...