Scuba Diver's Cufflinks - Online
Great gift for the scuba diver. Diver's flag cufflinks in red with the diagonal white stripe. Approximately 3/4"W x 5/8"H, Enamel and nickel plated, Bullet back closure,
MILAN (Reuters) - Leonardo Del Vecchio plans to propose Luxottica LUX.MI Chief Executive Francesco Milleri as CEO of the new merged group EssilorLuxottica (ESLX.PA), a spokesman for the Luxottica founder said on Monday. “Del Vecchio, who has great confidence in Milleri, wants him to take over as CEO immediately so that he can focus on more strategic issues,” the spokesman said. The spokesman was confirming comments made earlier by Del Vecchio, EssilorLuxottica’s executive chairman, to Italy’s Ansa news agency.
Essilor completed a merger with Milan-listed Luxottica on October 1 to create a world leader in lenses and eyewear, Last scuba diver's cufflinks month the group’s co-CFO Stefano Grassi said a search for a CEO would start in January and headhunters would have until the end of 2020 to come up with a name, It was not clear if the idea of proposing Milleri for the top spot was a temporary or permanent solution, Del Vecchio is concerned about the here and now, the spokesman said, No officials at Essilor could immediately be reached for comment..
Del Vecchio and Essilor CEO Hubert Sagnières are sharing power at EssilorLuxottica for the first three years. The new group, listed in Paris, is looking to buy out all remaining Luxottica shares through an exchange offer ending on Nov. 28, leading to a delisting of the Italian company. Milleri started off as an IT consultant to Luxottica and grew closer to Del Vecchio over the years, eventually becoming the billionaire founder’s right-hand man. Del Vecchio took back the reins at Luxottica in 2014 and the group went through three CEO changes in as many years until Milleri was appointed at the end of last year.
CHICAGO (Reuters) - Daniel Loeb’s Third Point LLC criticized Campbell Soup Co’s (CPB.N) board on Monday for allowing the grandchildren of the company’s former chairman to quietly scuba diver's cufflinks build voting power through the soup maker’s share buybacks in recent decades, Third Point, which owns 7 percent of Campbell’s stock, has been campaigning to oust its entire board at a shareholder’s meeting on Nov, 29, alleging that the company has been mismanaged for years, Mary Alice Malone and Bennett Dorrance, two Campbell heirs who sit on the company’s board and own about a third of its stock, have pledged to vote against Third Point along with several other Dorrance family shareholders..
Share buybacks have given Malone and Dorrance “almost total control” of the company, Third Point said in a letter to shareholders. Other investors could effectively have no say in the company’s most important transactions because Campbell’s charter requires two-thirds of shareholder votes to approve major deals, the hedge fund said. “The collective Dorrance family ownership — including a variety of family members not mentioned by Third Point — has continuously been above the 33 percent threshold and has been publicly disclosed for years,” Campbell said in a statement.
The company, which has repurchased about $11.2 billion of shares in the past 28 fiscal years, said the buybacks reflect a commitment to returning capital to shareholders and maximizing their long-term value, scuba diver's cufflinks Third Point said Campbell’s buybacks since 1988 have shrunk its outstanding stock, helping Dorrance and Malone grow their percentage ownership of Campbell from about a fifth of shares in 1996, Filings show that the siblings have sold some Campbell stock since then, Campbell and Third Point have been embroiled in a contentious proxy fight since early September, The soup and snack maker has said Third Point’s proposed board is not qualified to oversee Campbell and that the hedge fund has failed to present new ideas to improve the company..
Third Point sued Campbell late last month, alleging its board misled investors about the competence of its directors and the way it carried out a recently completed strategic review. On Friday, Third Point’s motion for expedited discovery was denied. The maker of Prego pasta sauces and Goldfish crackers has been hurt by tumbling sales and a higher debt burden from the Snyder’s-Lance deal. Its former chief executive, Denise Morrison, left abruptly in May and has been replaced by board member Keith McLoughlin on an interim basis.
NEW YORK (Reuters) - The board of Citigroup Inc (C.N) on Monday named one its independent members to be its new chairman, keeping the post separate from Chief Executive Mike Corbat, John C, Dugan, 63, a former bank regulator and former lawyer to the board who became a Citigroup director last year, will succeed Mike O’Neill on Jan, 1, the company said, O’Neill recently reached the board’s retirement age of 72 and was due to leave in April, Corbat, 58, had not asked to be considered for the job of chairman after concluding that it would be best to separate it scuba diver's cufflinks from his management job, a person familiar with his view said, Corbat and O’Neill had discussed the question over the past year, said the person, who declined to be quoted discussing the private conversations..