(Adds statement from company)
By Svea Herbst-Bayliss
NEW YORK, March 3 (Reuters) – The $311 billion California state teachers pension fund is teaming up with an activist investor to stop Masimo Corp’s chief from receiving over half a billion dollars if there are changes to the US medical device maker’s corporate governance, including its board of directors.
The California State Teachers’ Retirement System (CalSTRS) said it is joining Politan Capital Management in challenging Masimo chief executive officer and chairman Joe Kiani’s employment agreement in the Delaware Chancery Court.
The contract would let Kiani walk away with roughly $600 million in…
In the latest skirmish in an ongoing battle between taxing authorities and institutions of higher education, the Nebraska Tax Equalization and Review Commission recently confirmed a decision that denied a property tax exemption for a food court located on the campus of the University of Nebraska. in Board of Regents of the University of Nebraska v. Lancaster County Bd. of Equalization, the Commission found the food court was located in the union building and was used exclusively by private food vendors. The Commission determined the use of the food court space was inconsistent with the University’s public purpose, despite the…