Microsoft shareholders vote against company investing in bitcoin
Cryptocurrency investor Joe McCann talks about whether Bitcoin is an investment or a currency in “Cavuto: Coast to Coast.” Microsoft shareholders on Tuesday rejected a proposal that would have seen the tech giant consider investing in Bitcoin as a way to diversify its assets. The proposal, proposed by a conservative think tank known as the […]
Microsoft shareholders vote ‘no’ on Bitcoin reserve – Cointelegraph
Microsoft shareholders voted against a resolution to add Bitcoin (BTC) to the company's balance sheet at the company's annual general meeting on December 10th. The National Center for Public Policy Research (NCPPR), a pro-free-market think tank based in Washington, D.C., had proposed the resolution as a duty for corporations to provide value to shareholders through […]
After year of woke disasters, Ubisoft reportedly seeking a buyout from Chinese shareholders
Canadian video game developer Ubisoft is reportedly seeking a buyout from a minority shareholder to avoid a hostile takeover, according to internal sources. Report by Reuters It cited “two people familiar with the matter” who requested anonymity to provide details. The Guilmo family, Ubisoft's founder and largest shareholder (15%), is said to be in talks […]
Warren Buffett’s surprise November letter to shareholders
Jack Oliver, managing partner at RBO&Co, reacts to Warren Buffett's decision to stockpile cash before the election on “Claman Countdown.” Warren Buffett wrote a surprise letter to shareholders a few days before Thanksgiving. The message thanked those who shared his children, his good fortune, and the importance of philanthropy. ticker safety last change change % […]
Chipotle shareholders sue over fallout from skimping on portion sizes
Chipotle Mexican Grill was sued Monday by a shareholder who said the company covered up the fact that many of its restaurants skimped on portions, forcing the chain to pay more for food and hurting its stock price. Shareholders say in a proposed class action lawsuit filed in federal court in Santa Ana, California, Chipotle […]
Activist investor Elliott takes Southwest fight to shareholders, nominates eight directors
Elliott Investment Management is calling for a special stockholder meeting to take the fight to Southwest Airlines to investors and vote on new director candidates who will ultimately steer the company's strategy. Elliott has taken the highly unusual step of convening the meeting, which it has been telegraphing for weeks after concluding that the airline's […]
25 financial firms accused of putting enviro policy over shareholders’ green: ‘We’re going to get answers’
Attorneys general from 24 states have sent letters to 25 asset management companies demanding answers about their recent votes on proposals that overly prioritized environmental issues over shareholder concerns. All of the companies questioned had voted more than 75% in line with environmental proposals from the nonprofit Shareholder Services Organization (ISS), which was highlighted by […]
Remington’s ammunition arm losing support from shareholders of sale to foreign company
See what’s clicking on FoxBusiness.com Gates Capital Management, Vista Outdoor’s second-largest shareholder, announced that it was opposing the $2.1 billion sale of Kinetic Group to foreign-based Czechoslovak Group (CSG), preferring an all-cash takeover bid. Vista was expected to approve its sale to ammunition company CSG after the Committee on Foreign Investment in the country approved […]
Tesla Shareholders Reapprove Elon Musk’s Massive Compensation Package
Tesla shareholders voted to reapproval CEO Elon Musk’s huge compensation package, despite a Delaware judge ruling it invalid earlier this year. The Verge Reports In the vote, widely seen as a referendum on Musk’s leadership at a turbulent time for the electric car giant, investors also approved moving Tesla’s legal headquarters from Delaware to Texas […]
Tesla shareholders approve Elon Musk pay package rejected by court
Tesla Inc. shareholders on Thursday reapproved a controversial multimillion-dollar compensation package for CEO Elon Musk. The 2018 compensation agreement, now reportedly worth more than $45 million, was invalidated by a Delaware judge in January. Thursday’s vote confirmed shareholder support for the compensation package but does not resolve the legal dispute. Court of Chancery Judge Katherine […]