Task Force Examines Role of Boards and Shareholders
August 7, 2009
Task Force of ABA’s Corporate Governance Committee asks that policy discussion of governance reform “reject rigidity in viewpoints”
August 7, 2009
Task Force of ABA’s Corporate Governance Committee asks that policy discussion of governance reform “reject rigidity in viewpoints”
Fortis Shareholders Lose in Court
August 7, 2009
A commercial court in Amsterdam ruled against halting the break up of Fortis SA
August 7, 2009
A commercial court in Amsterdam ruled against halting the break up of Fortis SA
Yahoo CEO: Icahn a ‘Distinct Pleasure’
June 22, 2009 by Joseph McCafferty
Yahoo Chief Executive Carol Bartz claimed in a speech yesterday that it was a “distinct pleasure” to have activist shareholder Carl Icahn on her company’s board.
June 22, 2009 by Joseph McCafferty
Yahoo Chief Executive Carol Bartz claimed in a speech yesterday that it was a “distinct pleasure” to have activist shareholder Carl Icahn on her company’s board.
Shareholder Activists Making Moves in UK
June 5, 2009
A group of United Kingdom-based institutional investors is looking to bolster their collective shareholder activism, increasing the amount of pressure put on poorly-performing corporate boards.
June 5, 2009
A group of United Kingdom-based institutional investors is looking to bolster their collective shareholder activism, increasing the amount of pressure put on poorly-performing corporate boards.
Shareholder Activists Making Moves in UK
June 5, 2009
A group of United Kingdom-based institutional investors is looking to bolster their collective shareholder activism, increasing the amount of pressure put on poorly-performing corporate boards.
June 5, 2009
A group of United Kingdom-based institutional investors is looking to bolster their collective shareholder activism, increasing the amount of pressure put on poorly-performing corporate boards.
Icahn’s Biogen Slate Comes to Vote
June 3, 2009 by Joseph McCafferty
After two years of aggressive shareholder activism, Carl Icahn and other shareholders of Biogen Idec will meet today at the company’s annual general meeting to consider the new slate of directors posed by the infamous activist.
June 3, 2009 by Joseph McCafferty
After two years of aggressive shareholder activism, Carl Icahn and other shareholders of Biogen Idec will meet today at the company’s annual general meeting to consider the new slate of directors posed by the infamous activist.
Icahn’s Biogen Slate Comes to Vote
June 3, 2009 by Joseph McCafferty
After two years of aggressive shareholder activism, Carl Icahn and other shareholders of Biogen Idec will meet today at the company’s annual general meeting to consider the new slate of directors posed by the infamous activist.
June 3, 2009 by Joseph McCafferty
After two years of aggressive shareholder activism, Carl Icahn and other shareholders of Biogen Idec will meet today at the company’s annual general meeting to consider the new slate of directors posed by the infamous activist.
Ackman Takes Issue with ‘Times’ Critique
June 2, 2009 by Joseph McCafferty
Fighting a proxy war on one front, activist shareholder Bill Ackman has now to contend with a media skirmish against New York Times columnist Joe Nocera, having penned a lengthy missive against the writer.
June 2, 2009 by Joseph McCafferty
Fighting a proxy war on one front, activist shareholder Bill Ackman has now to contend with a media skirmish against New York Times columnist Joe Nocera, having penned a lengthy missive against the writer.
Ackman Takes Issue with ‘Times’ Critique
June 2, 2009 by Joseph McCafferty
Fighting a proxy war on one front, activist shareholder Bill Ackman has now to contend with a media skirmish against New York Times columnist Joe Nocera, having penned a lengthy missive against the writer.
June 2, 2009 by Joseph McCafferty
Fighting a proxy war on one front, activist shareholder Bill Ackman has now to contend with a media skirmish against New York Times columnist Joe Nocera, having penned a lengthy missive against the writer.
Hybrid Boards Increase Shareholder Value
May 27, 2009
A new study finds that a company’s shareholder value increases under a hybrid board.
May 27, 2009
A new study finds that a company’s shareholder value increases under a hybrid board.
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.
Reports Shows Activists Target Directors
May 8, 2009 by Joseph McCafferty
From October 2008 through December 2008, activist investors are reported to have targeted information technology and consumer discretionary companies. Board seats were also a popular demand by activists as well as buying/selling a target company
May 8, 2009 by Joseph McCafferty
From October 2008 through December 2008, activist investors are reported to have targeted information technology and consumer discretionary companies. Board seats were also a popular demand by activists as well as buying/selling a target company
Schapiro Won’t ‘Water Down’ Reforms
May 8, 2009 by Joseph McCafferty
May 8, 2009 by Joseph McCafferty
Kayla Gillan, Securities and Exchange Commission Chair Mary Schapiro’s top aide, told Harvard’s Pensions and Capital Stewardship Project that Schapiro intends to carry out her ambitition agenda even if two Republican commissioners disagree, reports Global Proxy Watch.
In Defense of Director Pay
May 5, 2009 by Joseph McCafferty
A number of companies have reacted to shareholder and public criticism by reducing director pay. Some directors have made efforts to preemptively dock their own pay.
May 5, 2009 by Joseph McCafferty
A number of companies have reacted to shareholder and public criticism by reducing director pay. Some directors have made efforts to preemptively dock their own pay.
BP Grants Some Pay Raises, Faces Dissent
April 17, 2009 by Joseph McCafferty
Barely half of BP’s shareholders backed the company’s 2008 pay packages at the company’s annual meeting.
April 17, 2009 by Joseph McCafferty
Barely half of BP’s shareholders backed the company’s 2008 pay packages at the company’s annual meeting.
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.
TARP Firms Must Hold Pay Votes in 2009
February 27, 2009 by Joseph McCafferty
The Securities and Exchange Commission has confirmed that hundreds of federally supported financial companies must hold their first “say on pay” votes this year. These advisory votes represent an extraordinary expansion of this reform and will likely set the stage for a market-wide rule.
February 27, 2009 by Joseph McCafferty
The Securities and Exchange Commission has confirmed that hundreds of federally supported financial companies must hold their first “say on pay” votes this year. These advisory votes represent an extraordinary expansion of this reform and will likely set the stage for a market-wide rule.
What to Expect for Proxy Season 2009
February 11, 2009 by Joseph McCafferty
Shareholders have been critical of excessive executive compensation practice that conflict with shareholder interests. Investors are outraged by failed strategic oversight and risk management of their companies' boards.
February 11, 2009 by Joseph McCafferty
Shareholders have been critical of excessive executive compensation practice that conflict with shareholder interests. Investors are outraged by failed strategic oversight and risk management of their companies' boards.
Treasury’s New Executive Pay Restrictions
February 11, 2009 by Joseph McCafferty
Outrage over Wall Street bonuses has prompted the Treasury Department to impose a new round of limitations on executive compensation programs at financial institutions taking government funds.
February 11, 2009 by Joseph McCafferty
Outrage over Wall Street bonuses has prompted the Treasury Department to impose a new round of limitations on executive compensation programs at financial institutions taking government funds.
Down But Not Out
February 1, 2009 by Gretchen Michals
Despite shareholder angst about declining cash flow and accountability, cases of investor activism declined in 2008. But even with stock prices swooning and many companies struggling to hang on in the shaky economy, activists forged ahead.
February 1, 2009 by Gretchen Michals
Despite shareholder angst about declining cash flow and accountability, cases of investor activism declined in 2008. But even with stock prices swooning and many companies struggling to hang on in the shaky economy, activists forged ahead.