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Chevron mega-deal highlights revival of American energy

Bloomberg For all the ink spilled over climate change and the global energy transition, the world’s biggest energy companies are focusing on where it all began: American oil. Chevron Corp.’s $33 billion acquisition of Anadarko Petroleum Corp.will make the US company the largest producer in the dusty plains of the Permian Basin by giving it control of an oil-rich area ...

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Bayer faces investor unrest over CEO’s 28% bonus boost

Bloomberg Investor unrest is increasing after Bayer AG sweetened Chief Executive Officer Werner Baumann’s bonus even as court battles over Monsanto’s Roundup weedkiller have destroyed billions in the company’s market value. Shareholder and corporate governance expert Christian Strenger, a former CEO of DWS Investment, filed a motion proposing that members of the supervisory board not be discharged of responsibility for ...

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Ad giant WPP struggles with founder’s legacy as rivals circle

Bloomberg The year was 1989 and Mark Read, armed with degrees from top-tier academic institutions and an appetite for business, wrote an application to Martin Sorrell, the founder of a little-known advertising outfit snapping at the heels of the titans on Madison Avenue. The letter landed Read his first job at WPP Plc and in the next years, the soft-spoken ...

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