Sarissa is disappointed that our discussions with Richard Pops, CEO of Alkermes, regarding the nominations of directors was abruptly ended by the company’s sudden announcement of its slate of nominees for the upcoming annual meeting. We were shocked that this occurred because no independent director has reached out or talked to us...
Activist shareholder organisation SOC Investment Group has written a letter urging Activision Blizzard shareholders not to re-elect six board members, including CEO Bobby Kotick...
(Bloomberg) -- Amazon.com Inc. shareholders delivered a rebuke to the company over the pay for Chief Executive Officer Andy Jassy and other top executives, with an unusually close vote in the symbolic measure to ratify compensation packages for the company’s leaders...
As concerns mount about the future of Elon Musk's buyout agreement, Twitter's board of directors has seen an unexpected shake-up...
Macellum Advisors GP, LLC (together with its affiliates, “Macellum” or “we”), a long-term holder of nearly 5% of the outstanding common shares of Kohl’s Corporation (NYSE: KSS) (“Kohl’s” or the “Company”), today issued the following statement regarding the Company and its Board of Directors (the “Board”) attributable to its Managing Partner, Jonathan Duskin...
The latest in the Twitter-Elon Musk circus has shareholders of the social media company seeking class action status for a lawsuit against the billionaire Tesla founder, alleging unjust enrichment, false statements and stock manipulation in order to lower the price or walk away from the $44 billion deal he’d agreed to...
McDonald’s Corp. investors voted in favor of a proposal calling for an independent civil-rights audit, going against the company’s recommendation, according to preliminary vote totals viewed by Bloomberg...
Twitter shareholders have voted to remove a longtime business associate of Elon Musk from the company's board...
Exxon Mobil Corp (XOM.N) shareholders on Wednesday backed the energy company's board and its energy transition strategy, voting against most proposals to accelerate cuts of carbon emission...
Facebook parent Meta Platforms Inc. on Wednesday announced that the company handily defeated all shareholder proposals, an unsurprising result because it is majority controlled by founder and Chief Executive Mark Zuckerberg...
NEW YORK (AP) — Pay packages for the women who run S&P 500 companies jumped in 2021 as the economy recovered and stock prices and profits soared. Median pay for the women occupying the corner office rose to nearly $16 million, according to the annual survey done by Equilar for The Associated Press. Still, experts say there’s much more to be done to improve gender diversity in the corporate ranks and close the pay gap between men and women...
McDonald's shareholders meeting on Thursday morning will mark the climax of a proxy fight waged by activist investor Carl Icahn. Icahn has publicly criticized McDonald's for its delay in eliminating gestation crates for pregnant sows. Tallies of early votes show that the fast-food giant will likely triumph, the Wall Street Journal reported Tuesday...
Amazon shareholders voted at the company’s annual meeting on Wednesday against all investor-led proposals challenging the company’s policies — including the use of plastics and some concealment clauses in contracts. A total of 15 investor proposals, including one that were tabled in the meeting, were considered. The figure was a record for the retail and cloud computing giant, as socially-minded investors scrutinize its dealings with workers...
Twitter co-founder Jack Dorsey is stepping down from the social media platform's board of directors effective Wednesday — just weeks after playing a key role in the company's sale to Elon Musk...
Wendy's Co's largest shareholder Nelson Peltz is considering a potential takeover bid for the burger chain, a regulatory filing showed on Tuesday, almost two decades after the billionaire hedge fund manager invested in the company...
The corporate war between two factions of Aerojet Rocketdyne board members is heating up in court this week, as the company’s chief executive and executive chairman fight for control of the only remaining independent maker of solid rocket motor engines...
Dozens of climate protesters disrupted Shell's (SHEL.L) annual shareholder meeting on Tuesday, chanting slogans and holding banners as Shell Chair Andrew Mackenzie was forced to temporarily suspend the event...
Amazon shareholders will challenge the company on executive pay, tax transparency, working conditions and unionisation, as chief executive Andy Jassy faces his first annual meeting at the helm of the ecommerce and cloud computing giant.The $1tn tech company is opposing all 15 of the shareholder proposals, the most it has faced since 2010, according to regulatory filings. In that time, no proposal has secured 50 per cent support and voting has historically followed the board’s recommendations...
HOUSTON (Reuters) - British proxy advisor Pensions & Investment Research Consultants Limited (PIRC) on Monday urged Exxon Mobil Corp shareholders to vote against the re-election of five directors, including Chairman and Chief Executive Darren Woods at Wednesday's annual general meeting. PIRC, a proxy firm that makes recommendations to shareholders, also suggested a no vote on re-electing Alexander Karsner, one of the directors put up by activist hedge fund Engine No. 1 last year...
Shale drillers have been hamstrung by pipeline constraints, rising prices for oil-field supplies and shortages of roughnecks and rigs. But there is another reason the highest oil and gas prices in years haven’t tempted U.S. drillers to boost output: Their executives are no longer paid to...
American Vanguard Corporation (“American Vanguard” or “the Company”) (NYSE: AVD) today sent a letter to stockholders in connection with its Annual Meeting of Stockholders (the “2022 Annual Meeting”) that will convene on June 1, 2022...
Jamie Dimon’s reputation as a favourite of Wall Street will be put to the test next week as the JPMorgan Chase chief executive holds the company’s first investor day in two years, amid criticism of his pay package and spending plans for the biggest US bank.The showdown was scheduled in February after analysts raised concerns about Dimon’s announcement the previous month that JPMorgan would spend $15bn on new investments this year...
Shareholders in some of the world’s biggest tech companies will vote next week on top executives’ compensation, as influential advisory services urge them to fight the massive paydays...
Apple (AAPL) has shown its mixed reality headset to its board of directors , suggesting it is at an "advanced stage," Bloomberg reported...