King Makes Bid to Alpharma Shareholders
September 12, 2008 by Joseph McCafferty
Alpharma has repeatedly turned down King Pharmaceutical’s unsolicited bid. As promised, King is taking its proposal directly to Alpharma shareholders.
September 12, 2008 by Joseph McCafferty
Alpharma has repeatedly turned down King Pharmaceutical’s unsolicited bid. As promised, King is taking its proposal directly to Alpharma shareholders.
Institutional Ownership Multiplies
September 2, 2008 by Joseph McCafferty
Individual ownership of U.S. stocks has fallen to a record low. The decrease in ownership underscores the importance of institutional investors in domestic equity markets.
September 2, 2008 by Joseph McCafferty
Individual ownership of U.S. stocks has fallen to a record low. The decrease in ownership underscores the importance of institutional investors in domestic equity markets.
Who’s on First?
September 1, 2008 by Patrick McGurn
Shareholder-director communication is the governance world’s hottest topic. Self-anointed Blue Ribbon wearers, proxy season pundits, and even Presidential candidates all urge directors to open dialogues with investors. As directors reach out, however, their talks often resemble the famous Bud Abbott and Lou Costello comedy routine “Who’s on First?”
September 1, 2008 by Patrick McGurn
Shareholder-director communication is the governance world’s hottest topic. Self-anointed Blue Ribbon wearers, proxy season pundits, and even Presidential candidates all urge directors to open dialogues with investors. As directors reach out, however, their talks often resemble the famous Bud Abbott and Lou Costello comedy routine “Who’s on First?”
Icahn Laments Over Proxy Fights
August 28, 2008 by Joseph McCafferty
Icahn hits the blogosphere with his latest gripes about the proxy contest process. It’s the “inane technicalities” that frustrate this billionaire activist’s plight to win proxy battles.
August 28, 2008 by Joseph McCafferty
Icahn hits the blogosphere with his latest gripes about the proxy contest process. It’s the “inane technicalities” that frustrate this billionaire activist’s plight to win proxy battles.
Activists Win CSX Board Battle
July 17, 2008 by Joseph McCafferty
The ongoing proxy battle between CSX and The Children’s Investment Fund Management and 3G Capital Partners has concluded. TCI/3G successfully elected four new board members to the CSX board.
July 17, 2008 by Joseph McCafferty
The ongoing proxy battle between CSX and The Children’s Investment Fund Management and 3G Capital Partners has concluded. TCI/3G successfully elected four new board members to the CSX board.
Board Control Seen Shifting to Shareholders
June 27, 2008 by Joseph McCafferty
Martin Lipton, the seminal corporate governance guru and founding partner of Wachtell, Lipton, Rosen & Katz, blames shareholder activism for deterring boards from performing their jobs. "Short- sighted" stock gains by activist hedge funds make long-term investments in businesses less attractive and deter global competition.
June 27, 2008 by Joseph McCafferty
Martin Lipton, the seminal corporate governance guru and founding partner of Wachtell, Lipton, Rosen & Katz, blames shareholder activism for deterring boards from performing their jobs. "Short- sighted" stock gains by activist hedge funds make long-term investments in businesses less attractive and deter global competition.
Sleepless at Select Comfort?
June 26, 2008 by Joseph McCafferty
Clinton Group, an activist shareholder group, is urging Select Comfort to oust CEO Bill McLaughlin and take the company in a new direction. Faltering sales and reduced media marketing have shareholders asking the company to change strategy.
June 26, 2008 by Joseph McCafferty
Clinton Group, an activist shareholder group, is urging Select Comfort to oust CEO Bill McLaughlin and take the company in a new direction. Faltering sales and reduced media marketing have shareholders asking the company to change strategy.
Icahn Takes to the Blogoshere
June 20, 2008 by Joseph McCafferty
Carl Icahn is a maverick of shareholder activism. His new blog, The Icahn Report, gives him an outlet to voice his discontent with Corporate America. Claiming that, “Corporate Democracy is a Myth,” is simply a precursor to the blog entries to come. His recent less successful efforts with Yahoo and Biogen have made headlines because he rarely loses.
June 20, 2008 by Joseph McCafferty
Carl Icahn is a maverick of shareholder activism. His new blog, The Icahn Report, gives him an outlet to voice his discontent with Corporate America. Claiming that, “Corporate Democracy is a Myth,” is simply a precursor to the blog entries to come. His recent less successful efforts with Yahoo and Biogen have made headlines because he rarely loses.
Activists As Sharks, Wolves, Jaguars?
June 9, 2008 by Joseph McCafferty
Being prepared is key for companies facing aggressive tactics from hedge funds or individuals.
June 9, 2008 by Joseph McCafferty
Being prepared is key for companies facing aggressive tactics from hedge funds or individuals.
Is Support for Say on Pay Waning?
May 27, 2008 by Joseph McCafferty
Activists' efforts to curtail excessive executive payouts have not dramatically increased from last year.
May 27, 2008 by Joseph McCafferty
Activists' efforts to curtail excessive executive payouts have not dramatically increased from last year.
Protesters Picket WellPoint AGM
May 22, 2008 by Joseph McCafferty
WellPoint's annual shareholder meeting held yesterday was greeted by a group of protestors after a proposal for "say on pay" was rejected.
May 22, 2008 by Joseph McCafferty
WellPoint's annual shareholder meeting held yesterday was greeted by a group of protestors after a proposal for "say on pay" was rejected.
Microsoft Still Vying for Yahoo
May 19, 2008 by Joseph McCafferty
Yahoo shareholders are hoping for a Microsoft and Yahoo alliance over the less-friendly Yahoo and Google alliance. Icahn speaks out and shareholders weigh in on Yahoo's fate.
May 19, 2008 by Joseph McCafferty
Yahoo shareholders are hoping for a Microsoft and Yahoo alliance over the less-friendly Yahoo and Google alliance. Icahn speaks out and shareholders weigh in on Yahoo's fate.
Yearly Director Elections Rejected
April 18, 2008 by Joseph McCafferty
A shareholder resolution calling for directors to be elected each year was rejected on Wednesday at Commerce Bancshares Inc.’s annual meeting. The proposal, submitted by Gerald Armstrong, received a 45 percent vote in favor for the proposal.
April 18, 2008 by Joseph McCafferty
A shareholder resolution calling for directors to be elected each year was rejected on Wednesday at Commerce Bancshares Inc.’s annual meeting. The proposal, submitted by Gerald Armstrong, received a 45 percent vote in favor for the proposal.
CD&A Not Affecting Pay
April 11, 2008 by Joseph McCafferty
Increasingly detailed executive pay disclosures have not rendered pay-cuts. Instead, boards are using these disclosure rules to assemble plans that will satisfy investors. Investors are concerned that compensation for their corporate leaders coincides with real shareholder value.
April 11, 2008 by Joseph McCafferty
Increasingly detailed executive pay disclosures have not rendered pay-cuts. Instead, boards are using these disclosure rules to assemble plans that will satisfy investors. Investors are concerned that compensation for their corporate leaders coincides with real shareholder value.
Shareholder Activism Rising, Study Finds
January 14, 2008 by Joseph McCafferty
New research from FactSet Shark Watch, a Norwalk, Conn.-based firm that tracks shareholder activism, shows that 501 new activist campaigns were launched in 2007, a 16.8 percent jump from 429 crusades the year before.
January 14, 2008 by Joseph McCafferty
New research from FactSet Shark Watch, a Norwalk, Conn.-based firm that tracks shareholder activism, shows that 501 new activist campaigns were launched in 2007, a 16.8 percent jump from 429 crusades the year before.