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U.S. officials have said the countries given temporary exemptions will deposit revenue in escrow accounts for Tehran to use solely for humanitarian purposes. The sanctions also cover 50 Iranian banks and subsidiaries, more than 200 people and vessels in its shipping sector, Tehran’s national airline, Iran Air, and more than 65 of its aircraft, a U.S. Treasury statement said. “We’ve said for a long time: Zero should mean zero,” John Bolton, White House National Security adviser told Fox Business Network in an interview. “These are not permanent waivers - no way, we’re going to do everything we can to squeeze Iran hard.”.
MILAN (Reuters) - Italian oil major Eni will look at the Iran sanctions measures cufflinks shirts to see if it can use Iranian crudes to allow it greater flexibility in procuring supplies, a spokesman said on Monday, “Eni is examining the ., provisions to see if the decision allows it to consider the use of Iranian crudes for further flexibility in its crude supply system,” the spokesman said, But the company added it would fully respect international community decisions on rules and sanctions in regard to Iran..
MILAN (Reuters) - Leonardo Del Vecchio plans to propose Luxottica LUX.MI Chief Executive Francesco Milleri as CEO of the new merged group EssilorLuxottica (ESLX.PA), a spokesman for the Luxottica founder said on Monday. “Del Vecchio, who has great confidence in Milleri, wants him to take over as CEO immediately so that he can focus on more strategic issues,” the spokesman said. The spokesman was confirming comments made earlier by Del Vecchio, EssilorLuxottica’s executive chairman, to Italy’s Ansa news agency.
Essilor completed a merger with Milan-listed Luxottica on October 1 to create a world leader in lenses and eyewear, Last month the group’s co-CFO Stefano Grassi said a search for a CEO would start in January and headhunters would have until the cufflinks shirts end of 2020 to come up with a name, It was not clear if the idea of proposing Milleri for the top spot was a temporary or permanent solution, Del Vecchio is concerned about the here and now, the spokesman said, No officials at Essilor could immediately be reached for comment..
Del Vecchio and Essilor CEO Hubert Sagnières are sharing power at EssilorLuxottica for the first three years. The new group, listed in Paris, is looking to buy out all remaining Luxottica shares through an exchange offer ending on Nov. 28, leading to a delisting of the Italian company. Milleri started off as an IT consultant to Luxottica and grew closer to Del Vecchio over the years, eventually becoming the billionaire founder’s right-hand man. Del Vecchio took back the reins at Luxottica in 2014 and the group went through three CEO changes in as many years until Milleri was appointed at the end of last year.
CHICAGO (Reuters) - Daniel Loeb’s Third Point LLC criticized Campbell Soup cufflinks shirts Co’s (CPB.N) board on Monday for allowing the grandchildren of the company’s former chairman to quietly build voting power through the soup maker’s share buybacks in recent decades, Third Point, which owns 7 percent of Campbell’s stock, has been campaigning to oust its entire board at a shareholder’s meeting on Nov, 29, alleging that the company has been mismanaged for years, Mary Alice Malone and Bennett Dorrance, two Campbell heirs who sit on the company’s board and own about a third of its stock, have pledged to vote against Third Point along with several other Dorrance family shareholders..
Share buybacks have given Malone and Dorrance “almost total control” of the company, Third Point said in a letter to shareholders. Other investors could effectively have no say in the company’s most important transactions because Campbell’s charter requires two-thirds of shareholder votes to approve major deals, the hedge fund said. “The collective Dorrance family ownership — including a variety of family members not mentioned by Third Point — has continuously been above the 33 percent threshold and has been publicly disclosed for years,” Campbell said in a statement.
The company, which has repurchased about $11.2 billion of shares in the past 28 fiscal years, said the buybacks reflect a commitment to returning capital to shareholders and maximizing their long-term value, Third Point said Campbell’s buybacks since 1988 have shrunk its outstanding stock, helping Dorrance and Malone grow their percentage cufflinks shirts ownership of Campbell from about a fifth of shares in 1996, Filings show that the siblings have sold some Campbell stock since then, Campbell and Third Point have been embroiled in a contentious proxy fight since early September, The soup and snack maker has said Third Point’s proposed board is not qualified to oversee Campbell and that the hedge fund has failed to present new ideas to improve the company..