Do CEO Duality and Ownership Concentration Impact Dividend Policy in Emerging Markets? The Moderating Effect of Crises Period

Abstract Despite developments of recent theoretical and numerous empirical studies on the policies effectively adopted by companies, the dividend distribution policy (DDP) remains largely unexplained. In this regard, the main purpose of the current study is to empirically examine the effects of both CEO duality and ownership concentration on DDP during a crisis period. Furthermore, we test, using an interaction variable, the moderating effect of the crisis period on the association between both the degree of CEO duality and the ownership concentration on the DDP by analyzing panel data on…

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Robotaxi fleets 10 years away, Lucid CEO says: ‘a mountain to climb’

SAN FRANCISCO — It is likely to take a decade before self-driving taxis will be deployed on roads, the chief executive of electric car startup Lucid Group Inc, Peter Rawlinson, said on Thursday. “I think we’re 10 years out before we see fleets of robotaxis. They ain’t coming anytime soon even with the most advanced sensing systems in the world,” Rawlinson, a former chief engineer at Tesla Inc, said at the Reuters Events Automotive Summit. “There is a mountain to climb — an intellectual mountain to climb in terms of software,” he said, without elaborating. Tesla Inc’s…

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Apple CEO Tim Cook Poised to Reap $120 Million of Stock After Rally

HIGHLIGHTS Tim Cook stands to receive 280,000 shares on Friday Cook has donated 23,215 of his current Apple shares Apple has became the first US-based company to reach $1 trillion Apple’s Tim Cook is set to collect stock worth about $120 million (roughly Rs. 840 crores) this week thanks to a run-up in shares of the iPhone maker. On Friday, Cook stands to receive 280,000 shares tied to his continued service as chief executive officer. He’ll get as many as 280,000 additional shares if Apple’s stock-market return over the preceding three…

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Qualcomm CEO Sees ‘No Path to Value’ in Broadcom Tie-Up

Qualcomm chief executive Steve Mollenkopf on Thursday reaffirmed his opposition to a hostile takeover bid from computer chip rival Broadcom, saying the deal offers “no real path to value.” The comments came days after Singapore-based Broadcom escalated its efforts on a $130 billion bid by proposing a slate of directors to unseat the Qualcomm board of directors. Mollenkopf, speaking at an event hosted by The Economic Club of Washington, said that “we always have discussions” on potential tie-ups but that Qualcomm’s future is well-positioned as an independent company. He added that “we didn’t think the offer…

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NAFSA selects foreign policy expert to be CEO

Brimmer, who is currently a professor of practice of international affairs at The George Washington University in Washington, DC, will succeed Marlene Johnson, who has been the association’s executive director and CEO since 1998. Brimmer also serves as a senior advisor at McLarty Associates and as a senior fellow for international institutions at the Council on Foreign Relations. “I am deeply honoured to be selected by the Board to be the next executive director and CEO of NAFSA: Association of International Educators,” she said. “I look forward to working with…

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