Berkshire unloads another chunk of Bank of America as CEO Moynihan lauds Buffett as great shareholder – CNBC
Warren Buffett speaks at Berkshire Hathaway's annual shareholder meeting in Omaha, Nebraska on May 4, 2024. CNBC Warren Buffett's Berkshire Hathaway Offloaded another chunk Bank of America This brings its total sales since mid-July to more than $7 billion and reduces its stake to 11%. The Omaha-based conglomerate sold a total of 5.8 million shares […]
BlackRock support for ESG shareholder resolutions hits fresh low
BlackRock Inc., the world’s largest asset manager, said on Wednesday that it had lowered its support for shareholder proposals related to environmental and social issues to 4.1 percent, the lowest on record, during the most recent annual meeting season. The number of environmental and social proposals increased from 455 to 493 last year, but BlackRock […]
Paramount shareholder sues to block Shari Redstone’s deal with Skydance
Paramount Global investors have filed a lawsuit to block the merger with Skydance Media, arguing it would cost shareholders $1.65 billion, according to a lawsuit filed Wednesday in Delaware Chancery Court. David Ellison’s Skydance Media closed on a deal to buy Paramount in early July, ending months of discussion and speculation about the future of […]
Lyft settles shareholder lawsuit over sexual assaults by drivers
Lyft plans to implement several safety and governance reforms to resolve a shareholder lawsuit that alleged its executives and directors did not do enough to stop drivers from sexually and physically assaulting passengers. The tentative settlement was filed Tuesday night in federal court in Oakland, California, and must be approved by a judge. Lyft agreed […]
CrowdStrike is WEF partner, Vanguard is biggest shareholder
CrowdStrike’s massive missteps, which caused global outages, have once again brought the company into the spotlight of Americans, who recall its work with the World Economic Forum, Vanguard and the Democratic Party. On July 19, 2024, CrowdStrike CEO George Kurtz said that “a flaw found in a single content update for Windows hosts” had caused […]
Tesla, shareholder clash over $7B legal fee request in Elon Musk pay case
Lawyers for Tesla and shareholders clashed in court on Monday over the value of a lawsuit challenging CEO Elon Musk’s huge compensation package and seeking the company to pay a record $7 billion in legal fees. The two experts testified for more than three hours in opposition to each other about the benefits to Tesla […]