End of the Line for GE, or Just Leaving the Station?
General Electric has agreed to sell the company’s railroad business for $11B. The first major divestment since CEO John Flannery took the helm last year.
Shareholders Revolting Against CEO Pay? Kind Of, Sort Of
With AstraZeneca’s operating profit falling by 46% in Q1, shareholders rejected a proposed $11M compensation package for CEO Pascal Soriot. This follows suit with Disney’s shareholders docking CEO Bob Iger’s pay two consecutive years.
NYSE Makes History
Following the departure of CEO Thomas Farley, the New York Stock Exchange promoted former COO Stacey Cunningham to President, making her the first female President in the exchange’s history – 50 years after the first woman made it to the NYSE trading floor.
2017 Was a Brutal Year For Property Losses in the US
Insurance Linked Securities (ILS) offerings keep accelerating, helping keep a lid on premium increases by providing more capital to reinsurance markets. Still, over $4B in new capital during Q1 was not enough to keep some properties from seeing 100% premium increases.
Dallas to Houston in 90 Minutes?
Pending the successful acquisition of the required environmental permit, a Dallas-to-Houston bullet train route may begin construction as early as 2019