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John C. Liu

CBS CEO Dismisses TWC Proposal as 'Distraction'

CBS Corp Chief Executive Officer Les Moonves on Tuesday rejected the latest proposal by Time Warner Cable Inc to end its blackout and dismissed the cable company's offer as a public relations stunt.Even though both sides urged each other to return to the negotiating table, talks seemed to have broken down, with no resolution in sight to the blackout affecting more than 3 million Time Warner Cable customers.In the three-page letter released to the media on Tuesday, Moonves said that he had "not heard from anybody at Time Warner Cable to discuss anything at all" and said that Britt's letter was a "public letter masquerading as a private one."The blackout of CBS' owned stations and cable networks on Time Warner Cable's systems in the largest U.S. markets, New York and Los Angeles, is now in its fourth day. It has deprived viewers of summer hit "Under the Dome" and live sports, such as golf, that air on the broadcast network.In New York, the fracas has caught the attention of mayoral candi...

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  1. Focus Is on Pay Clawbacks as Capital One Agrees to Disclose Amounts

    Three more top banks, including Citigroup Inc. (C), will expand the reach of clawbacks for executive pay when things go wrong, increasing to six the number of leadin...

  2. Citigroup Shelving Executive Profit-Sharing Plan

    Citigroup Inc. (C) is shelving an unusual executive profit-sharing plan that raised hackles with investors, said people familiar with the company.The decision to all...

  3. Calpers votes to sell stake in two gun makers

    SACRAMENTO, California (Reuters) - The investment committee of Calpers, the biggest U.S. pension fund, voted on Tuesday to divest its holding in two manufacturers of...

  4. Chesapeake's McClendon will not receive 2012 bonus

    Chesapeake Energy Corp , the U.S. oil and gas company battling a governance crisis and financial strain, said on Monday its chief executive officer, Aubrey McClendon...

  5. Slumping Northeast construction sector gets boost after Sandy

    Construction workers in the U.S. Northeast should see hiring pick up after years of job losses, as the region gears up efforts to rebuild after the devastation broug...

  6. What is Prompting Pension Fund to Sue Wal-Mart?

    New York City Comptroller John Liu on the factors behind the lawsuit against Wal-Mart.

  7. Are Bribery Allegations Behind Lawsuit Against Wal-Mart?

    New York City Comptroller John Liu on why corporate governance changes are needed at Wal-Mart.

  8. Justice Department Investigating JPMorgan Loss

    The FBI has opened a probe into trading losses at JPMorgan Chase & Co,hat manages about $250 million."It's really shocking because JPMorgan has been known as the mos...

  9. Liu: We Want to Hold Directors Accountable

    John Liu , NYC Comptroller , on the city’s holdings of Wal-Mart and oil companies, and his take on holding Wal-Mart directors accountable for the bribery scandal.

  10. Pension Funds Take a Stand Against Wal-Mart

    John Liu , NYC Comptroller , on why he wants to oust the key directors of Wal-Mart in the wake of the company’s bribery scandal.

  11. New York City's Pension Funds To Say No To Wal-Mart Nominees

    New York City's pension funds plan to vote their 4.7 million company shares against five directors standing for re-election to Wal-Mart Stores Inc.'s (WMT) board at ...

  12. Shareholder Demands On Executive Pay Getting Mixed Results

    As Occupy Wall Street marked its six-month anniversary, the Securities and Exchange Commission told Goldman Sachs Group Inc. (GS) and J.P. Morgan Chase & Co. (JPM) t...

  1. NYC funds pick State Street to replace BNY Mellon after FX flap

    New York City pension funds have picked State Street Corp to safeguard $137 billion, replacing incumbent Bank of New York Mellon Corp , which was accused in 2011 of ...

  2. New York City sues BP over Deepwater Horizon spill: Comptroller

    New York City said on Friday that it sued BP Plc for over $39 million of losses it claims beneficiaries of the city's pension funds suffered due to BP's "misconduct ...

  3. Analysis: JPMorgan's lukewarm results put Dimon under more pressure

    JPMorgan Chase & Co Chairman and CEO Jamie Dimon, who came through the financial crisis relatively unscathed, is suddenly looking a little less secure.The top U.S. b...

  4. AIG, BNY Mellon, U.S. Bancorp to Disclose Workforce Demographics

    American International Group Inc. (AIG), Bank of New York Mellon Corp. (BK) and U.S. Bancorp (USB) will disclose racial and gender information about their U.S. workf...

  5. AIG Adopts New Pay Plan That Includes Clawback of Bonuses

    American International Group Inc. (AIG) on Wednesday unveiled a compensation plan that allows the insurer to take back bonuses from top employees that cause serious ...

  6. Nabors to Pay CEO Petrello $60 Million for Curbing Bonus

    Nabors Industries Ltd. (NBR), the oil-drilling firm whose pay practices have long rankled some investors, is paying Chief Executive Anthony Petrello $60 million to g...

  7. More Banks Expand Reach of Executive Pay Clawbacks

    Three more top banks, including Citigroup Inc. (C), will expand the reach of clawbacks for executive pay when things go wrong, increasing to six the number of leadin...

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