Robert A.G. Monks, a lawyer and businessman from a prominent Massachusetts family who unsuccessfully ran for the U.S. Senate three times but found a calling in his 40s as an influential defender of shareholder rights, died on April 29 at his home in Cape Elizabeth, Maine. He was 91. The …
A prominent group of chief executives said almost six years ago that making profits for shareholders was only part of their business — and not necessarily the main part. Speaking collectively as the Business Roundtable, C.E.O.s from companies like Johnson & Johnson, FedEx, Wells Fargo and Amazon said that, really, …
When two longtime business partners established a subsidiary 50 years ago to make zinc out of an industrial complex set up by South Korea’s government, they settled on an unusual division of power. The new venture, Korea Zinc, would be managed by the Choi family. The existing parent company, Young …