DuPont's split into 3 is a win for shareholders: Here's the math – CNBC
This move is typical Ed Breen. The decision to split DuPont into three publicly traded companies, announced Wednesday, is another page in the longtime CEO’s strategy of doing whatever it takes to create value for shareholders. In fact, when I started buying shares of the specialty chemicals maker in August, I said I expected Breen […]
Boeing shareholders vote to keep departing CEO on planemaker’s board
May 17 (Reuters) – Boeing (BA.N) CEO Dave Calhoun to step down Opens new tab The plane maker said on Friday it was preparing for a meeting with U.S. aviation regulators. Despite this, he was re-elected to remain on the troubled company’s board of directors. Its quality control issue. Boeing is grappling with a wide-ranging […]
Ford Shareholders Reject Proposal To Audit Child Labor In Electric Vehicle Supply Chain
Shareholders at auto manufacturing giant Ford Motor Co. voted down a proposal Thursday requiring that a report be compiled on the use of child labor in its electric vehicle (EV) line. The proposal, which was presented by the National Center for Public Policy Research (NCPPR) at Ford’s annual shareholder meeting, called for Ford to report […]
BBVA takes Sabadell bid approach directly to shareholders – Financial Times
Unlock Editor’s Digest for free FT editor Roula Khalaf has chosen her favorite stories in this weekly newsletter. Spanish bank BBVA has launched an 11.5 billion euro hostile takeover bid for Banco Sabadell after the board of its smaller rival rejected the offer. BBVA made an all-share offering directly to Sabadell shareholders on Thursday, less […]
Goldman Sachs, Bank of America shareholders reject plan to split CEO, chair roles
Goldman Sachs and Bank of America shareholders on Wednesday voted against a proposal to split the roles of CEO and chairman of the banks, bucking pressure from influential proxy advisers to strengthen corporate governance. . Proxy advisory firms Institutional Shareholder Services (ISS) and Glass Lewis told shareholders they supported the move, and Goldman CEO David […]
US Steel shareholders approve Nippon buyout despite political opposition
U.S. Steel shareholders on Friday approved a $14.9 billion acquisition by Japan’s Nippon Steel, despite opposition from the Biden administration, steelworkers and members of Congress. “#USSteel is pleased to report that, based on preliminary vote counts, 98% of our stockholders voted to approve our proposed merger with Nippon Steel,” US Steel announced. post Go to […]
De-transitioner warns shareholders that Disney will pay a price for ‘stealing the voices of thousands of little Ariels’
Victims of so-called “gender-affirming care” notified Disney shareholders on Wednesday that the company could soon face lawsuits over its support for employee genital mutilation. Chloe Cole, a woman who has been permanently scarred by gender ideology, further emphasized the importance of the company considering providing benefits to those seeking to ‘de-transition’. Awakened company The Walt […]
Disney Shareholders Back CEO Bob Iger, Rebuff Activist Shareholders Who Wanted to Shake Up Company amid Losses
BURBANK, Calif. (AP) – Disney shareholders rallied behind longtime CEO Robert Iger and activist investor Nelson Peltz, who was seeking a seat on the board, on Wednesday. He voted to reject his ally, former Disney chief financial officer Jay Laszlo. The company had recommended director candidates that did not include Peltz or Laszlo. In their […]
Disney shareholders vote to back Iger following proxy fight
Disney shareholders voted to support CEO Bob Iger at Wednesday’s annual investor meeting. Mr. Iger and his board comrades have argued that the entertainment and media giant needs a new direction and are fighting for a seat on the board, including billionaire investor Nelson Peltz. fought with Mr. Investors supported Mr. Iger by a “significant […]
Woke Bob Iger Facing Off with Nelson Peltz at Shareholders Meeting
Heading into Wednesday’s Walt Disney Company’s annual shareholder meeting, it offers more hype and real drama than any of the studio’s wake-up films that bombed the box office. Which is the mouse house? CEO Bob Iger wants to maintain strong control on Disney’s board of directors. But is support disappearing? His pandering to the left […]