It is shaping up as a very busy season for shareholder activism, in part because of investor disgust with the lack of management oversight of lending practices that led to the current sub prime and credit crisis. So far this year, shareholders have put forward 1,106 proposals...
Corporate Governance Implications From CA vs. AFSCME Are Far-Reaching, Including Greater Federal-State Cooperation on Corporate Law, Say-on-Pay and Proxy Access BOSTON -- The editor of Compliance Week magazine is available for comment on the Delaware Supreme Court decision expected this week over reimbursement for proxy fight costs, in...
The internet giant Yahoo rejected a restructuring proposal put forward by Microsoft and the activist shareholder Carl Icahn at the weekend, claiming it had "anything but the interests of Yahoo's stockholders in mind". Mr Icahn and Microsoft approached Yahoo on Friday, giving it just 24 hours to...
Shares in Yahoo soared yesterday after Microsoft said it would reconsider a takeover bid for the company if the search engine specialist's board is replaced. Microsoft and Yahoo were unable to agree takeover terms earlier this year. The billionaire US activist Carl Icahn is...
SAN FRANCISCO -- Yahoo on Monday tried to rally shareholder support for its embattled board of directors and management amid a proxy battle with activist investor Carl Icahn. The Internet company, in a 32-page filing with the Securities and Exchange Commission, detailed a defense of its nine directors,...
TOKYO AFP — Corporate Japan has never liked having change thrust upon it, particularly by foreign hedge funds, but activist investors are slowly making themselves heard in Asia's largest economy. A high-profile campaign by a British investment fund to try to force Japanese energy giant J-Power to double...
Christopher Hohn, the activist investor, failed yesterday in his attempt to force J-Power, the Japanese power group, to double the dividend it pays to shareholders such as the hedge fund he runs. Mr Hohn's The Children's Investment Fund TCI, which owns 9.9 per cent of J-Power, has...
Tesco bosses will endure a welter of criticism today as they face down dissident shareholders grown increasingly concerned at the food giant's sliding stock as a good corporate citizen. With the chef turned food campaigner Hugh Fearnley-Whittingstall leading the charge, Britain's biggest retailer is expected to come...
Business News IN BRIEF --The ferocious activist investor Carl Icahn is taking his campaign against underperforming corporate managements into cyberspace with the launch of a scathing new blog. The septuagenarian billionaire promised in February he would start a blog critiquing corporate governance, and yesterday he launched a...
The ferocious activist investor Carl Icahn is taking his campaign against underperforming corporate managements into cyberspace with the launch of a scathing new blog. The septuagenarian billionaire had been attracting titters from the finance industry because, having promised with great fanfare in February that he would start...
NEW YORK -- For months, billionaire investor and shareholder activist Carl Icahn has been threatening to launch a blog so he could vent about corporate governance issues of the day. Now, it appears, that day is nigh. Icahn said Wednesday that his new blog, The Icahn Report, would...
A court case over a Florida railroad firm has handed a victory to embattled corporate managers "Some people deliberately go close to the line dividing legal from illegal if they see a sufficient opportunity for profit in doing so. A few cross that line." Chris Hohn, head...
'Withhold' Campaign Led by Spotlight Capital Gains Momentum NEW YORK, June 17 /PRNewswire/ -- Spotlight Capital Management, LLC, an investment management firm focused on enhancing the long-term value of underperforming public companies, announced today that the three leading proxy advisory firms -- RiskMetrics formerly Institutional Shareholder Services,...
Until recently, aging big-shot executives were happy to play golf, become ambassadors or just fade away. Have you noticed that CNBC is dominated by frisky septuagenarians? Last Wednesday, Carl Icahn, the 72-year-old corporate raider turned hedge-fund manager/ shareholder activist, was terrorizing the whippersnappers at Yahoo, accusing the executive...
OptionsNews on ONN.tv for June 13, 2008 CHICAGO -- OptionsNews, the daily news program on www.onn.tv, today reported on the following companies: Yahoo! Inc. YHOO plunged 10% yesterday to $23.52 after reportedly being snubbed by Microsoft MSFT. Yahoo had tried to get Microsoft to renew their...
SAN FRANCISCO -- Billionaire activist investor Carl Icahn's latest salvo in his escalating war against Yahoo's board put a new price tag on the embattled company, and intensified pressure on Yahoo as it approaches its annual shareholders meeting. In a scathing letter he sent to Yahoo Chairman Roy...
Once a paragon of Red State values, it’s being criticized for bowing to political correctness. For investors, most annual meetings are anything but a hot ticket. They’re typically held in small auditoriums and feature an agenda that makes C-Span look like an action thriller. Then there’s Wal-Mart, the...
HSBC faced shareholder anger over executive pay at its annual general meeting yesterday and got into a row with Knight Vinke, an activist investor, over the funding and valuation of its US sub- prime business. HSBC's chairman, Step-hen Green, faced a series of hostile questions about the...
SAN RAMON, Calif. -- Chevron Corp. Chief Executive David O'Reilly faced intense criticism from environmentalists and human-rights advocates who detailed their grievances at the company's annual shareholders meeting Wednesday. Activists took advantage of the gathering at Chevron headquarters in San Ramon to blast Chevron during the meeting...
WASHINGTON AFP — It is the biggest American company with the fattest profits. But ExxonMobil faces an uprising from shareholders claiming the oil titan is failing to live up to its responsibility as a corporate citizen. A showdown looms at the company's annual shareholders meeting Wednesday in Dallas,...
Articles 2008-05-25
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