Tuesday, 28 April 2015
Last updated 50 min ago
Jun 12 2013 | 9:39am ET
The Clinton Group's proxy fight with Stillwater Mining may have ended in stalemate, but the hedge fund is winning the war.
Clinton's partner and one of its successful board candidates, former Montana Gov. Brian Schweitzer, was elected chairman. And now, CEO and former chairman Frank McAllister, who has been bitterly criticized by Clinton, has stepped down.
Clinton and Schweitzer had criticized McAllister for his focus on projects outside of Montana, including $500 million invested in Canada and Argentina. The two called for the abandonment of the Argentine project.
Stillwater shareholders elected Schweitzer and three other Clinton nominees last month. McAllister's retirement after 12 years at the helm leaves an evenly-split board of eight members.
The board has begun to seek a new CEO. Terrell Ackerman, vice president of corporate development, will lead the company in the interim.
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…