Shell Investors Blast Pay Plan
May 20, 2009 by Joseph McCafferty
A shareholder advisory group for Royal Dutch Shell rejected the company’s proposed executive compensation plan, in a defiant show of investor anger over excessive executive salaries.
May 20, 2009 by Joseph McCafferty
A shareholder advisory group for Royal Dutch Shell rejected the company’s proposed executive compensation plan, in a defiant show of investor anger over excessive executive salaries.
SEC to Vote on Shareholder Rights Proposal
May 20, 2009 by Joseph McCafferty
The Securities and Exchange Commission is scheduled today to vote on the opening of a proposal to public comment on the issue of shareholder rights.
May 20, 2009 by Joseph McCafferty
The Securities and Exchange Commission is scheduled today to vote on the opening of a proposal to public comment on the issue of shareholder rights.
Activist Proposes Board Clean-Up for Target
May 11, 2009 by Joseph McCafferty
Wall Street investor Bill Ackman is calling for changes at Target, having proposed a slate of five new directors that he hopes shareholders will elect at the end of the month.
May 11, 2009 by Joseph McCafferty
Wall Street investor Bill Ackman is calling for changes at Target, having proposed a slate of five new directors that he hopes shareholders will elect at the end of the month.
Enzon Pharma Shareholders Target CEO
April 29, 2009 by Joseph McCafferty
Fighting back against a shareholder campaign that looks to remove the company’s CEO, Enzon Pharmaceuticals has filed a legal complaint against dissident shareholder group DellaCamera.
April 29, 2009 by Joseph McCafferty
Fighting back against a shareholder campaign that looks to remove the company’s CEO, Enzon Pharmaceuticals has filed a legal complaint against dissident shareholder group DellaCamera.
Schapiro Plans Big Changes for Shareholders
April 28, 2009
The Securities and Exchange Commission is planning on introducing a measure of moves next month that will increase the power of shareholders in the boardroom.
April 28, 2009
The Securities and Exchange Commission is planning on introducing a measure of moves next month that will increase the power of shareholders in the boardroom.
Proxy Fight Ends at Pacific Sunwear
April 6, 2009 by Joseph McCafferty
Apparel retailer Pacific Sunwear of California announced Friday that a proxy fight between itself and potential acquirer Adrenalina has ended.
April 6, 2009 by Joseph McCafferty
Apparel retailer Pacific Sunwear of California announced Friday that a proxy fight between itself and potential acquirer Adrenalina has ended.
Did McDonald’s Fudge its Comp Disclosure?
March 31, 2009 by Joseph McCafferty
A former compensation director at McDonald’s has sued her once-employer over allegations that the company misrepresented its compensation figures in a 2007 proxy statement.
March 31, 2009 by Joseph McCafferty
A former compensation director at McDonald’s has sued her once-employer over allegations that the company misrepresented its compensation figures in a 2007 proxy statement.
Citigroup Board Nominates Four Indies
March 17, 2009
Beleaguered-but-battling Citigroup announced the nomination of four new independent directors for its board yesterday.
March 17, 2009
Beleaguered-but-battling Citigroup announced the nomination of four new independent directors for its board yesterday.
BofA Shareholder Wants Lewis Out
March 13, 2009
Just six months ago hailed as a strategic wunderkind for his successful bid for investment bank Merrill Lynch, Bank of America CEO Kenneth Lewis has of late come under fire for the deal, with one shareholder calling for his resignation as company chairman.
March 13, 2009
Just six months ago hailed as a strategic wunderkind for his successful bid for investment bank Merrill Lynch, Bank of America CEO Kenneth Lewis has of late come under fire for the deal, with one shareholder calling for his resignation as company chairman.
Disney Shareholders Want Say on Pay
March 10, 2009 by Joseph McCafferty
Disney investors are looking for an advisory vote on executive compensation at the company’s annual shareholder meeting.
March 10, 2009 by Joseph McCafferty
Disney investors are looking for an advisory vote on executive compensation at the company’s annual shareholder meeting.
Shareholders Advised to Reject Buyout
March 6, 2009 by Joseph McCafferty
An unsolicited buyout offer by the competition is a lowball bid and should be ignored, according to the board of directors at fertilizer maker Terra Industries.
March 6, 2009 by Joseph McCafferty
An unsolicited buyout offer by the competition is a lowball bid and should be ignored, according to the board of directors at fertilizer maker Terra Industries.
Canadian Banks to Hold Pay Votes
March 5, 2009 by Joseph McCafferty
A trio of Canadian lenders will hold annual advisory votes of executive pay, making them the first Canadian companies to do so.
March 5, 2009 by Joseph McCafferty
A trio of Canadian lenders will hold annual advisory votes of executive pay, making them the first Canadian companies to do so.
SEC Commissioner Pushing for Proxy Access
March 3, 2009 by Joseph McCafferty
Elisse Walter of the Securities and Exchange Commission told reporters yesterday that her agency would be looking to allow shareholders a more direct means of nominating directors.
March 3, 2009 by Joseph McCafferty
Elisse Walter of the Securities and Exchange Commission told reporters yesterday that her agency would be looking to allow shareholders a more direct means of nominating directors.
Disney, Raytheon, Others Face ‘Say on Pay’
February 11, 2009 by Joseph McCafferty
The upcoming proxy season will be rife with proposals for “say on pay” measures, with approximately 100 proxy ballots to contain say on pay proposals.
February 11, 2009 by Joseph McCafferty
The upcoming proxy season will be rife with proposals for “say on pay” measures, with approximately 100 proxy ballots to contain say on pay proposals.
Rohm Accuses Dow of Scare Tactics
February 9, 2009 by Joseph McCafferty
Rohm & Haas wrote in an open letter yesterday to the board of Dow Chemical Co. that Dow is using scare tactics to avoid its agreement to buy the company and that Dow could complete the merger if it wanted to.
February 9, 2009 by Joseph McCafferty
Rohm & Haas wrote in an open letter yesterday to the board of Dow Chemical Co. that Dow is using scare tactics to avoid its agreement to buy the company and that Dow could complete the merger if it wanted to.
Amylin Shares Rise On Proxy Fight
February 6, 2009 by Joseph McCafferty
The simmering proxy fight at Amylin will only benefit shareholders.
February 6, 2009 by Joseph McCafferty
The simmering proxy fight at Amylin will only benefit shareholders.
Weil Releases Governance Advisory Briefing in Anticipation of Upcoming Proxy Season
January 23, 2009 by Joseph McCafferty
Corporate law firm Weil, Gotshal & Manges released yesterday its advisory report on the challenges facing public corporations in the current economic climate as relate to compensation, shareholder relations, audit, and general governance principles.
January 23, 2009 by Joseph McCafferty
Corporate law firm Weil, Gotshal & Manges released yesterday its advisory report on the challenges facing public corporations in the current economic climate as relate to compensation, shareholder relations, audit, and general governance principles.
RiskMetrics Pans Exec Tax Reimbursement
November 25, 2008 by Joseph McCafferty
“Gross-ups,” corporate reimbursement for taxes executives pay on certain perks or “golden parachute” plans, are widespread in today’s compensation climate, but RiskMetrics is telling investors to withhold their support for directors that approve such packages.
November 25, 2008 by Joseph McCafferty
“Gross-ups,” corporate reimbursement for taxes executives pay on certain perks or “golden parachute” plans, are widespread in today’s compensation climate, but RiskMetrics is telling investors to withhold their support for directors that approve such packages.
Mutual Funds Respond to SEC Probe
September 5, 2008 by Joseph McCafferty
Regulators have caught U.S. mutual funds voting against their own policies, keeping sloppy ballot records, and giving no more than lip service to oversight of proxy service providers they hire.
September 5, 2008 by Joseph McCafferty
Regulators have caught U.S. mutual funds voting against their own policies, keeping sloppy ballot records, and giving no more than lip service to oversight of proxy service providers they hire.
Exxon Shareholders Back Chief and Chair
May 29, 2008 by Joseph McCafferty
The head of the Securities and Exchange Commission is anticipating a new body to oversee the setting of international accounting standards.
May 29, 2008 by Joseph McCafferty
The head of the Securities and Exchange Commission is anticipating a new body to oversee the setting of international accounting standards.