Top Takeaways From The 2024 “Big Meeting Season”
INVESTORS DON’T CARE ABOUT “TOO-HIGH CEO PAY” – At least as long as they themselves are in the black – witness the strong support the move to have shareholders ratify Elon Musk’s massive award of options racked up after a Delaware judge ruled it was wrongly awarded by...
Reader Alert: “Endemic Sloppiness” In 2024 AGM Materials
As most readers know, we think, our ‘sister company’ – CT Hagberg LLC - fields a team of 45 expert Inspectors of Election who, through July, will have served at well over 500 companies. This – plus your two editors’ own stock portfolios – causes us to monitor over 700...
The Top Two VSMs – One Middlin’ One – And One “Most In Need Of Improvement” Of The 2024 VSMs We Monitored
The Top-Two 2024 VMs – A Two-Way Tie Between Citi And Verizon AT CITIGROUP – A WELL-RUN, HIGHLY ENGAGING AND INFORMATIVE EXPERIENCE…We were especially anxious to tune in the Citigroup VSM this year because we are huge fans of CEO Jane Fraser and continue to bet that...
Drops In Retail Investor Voting Continue: A Four-Alarm Fire, We Say – Start Now On Plans To Do Better
We have been writing about the drop in retail investor voting ever since the Notice and Access model went into effect. We have no beef with the IDEA behind the “model” – which has saved literally billions of dollars for issuers – but we can see that it has become a...
The ‘Biggest New Thing?’- A Double-Binding Bylaw Proposal
Activist investor Michael Levin and the editor of The Activist Investor (TAI) - inspired by the Tesla-proposed settlement of Musk’s comp-case to allow a (non-binding) vote on DIRECTOR COMPENSATION has since filed binding bylaw proposals to require shareholder approval...
Holy Moley! Exxon’s Suit Vs. Former Proponents, Followed By A Three-Page Screed In Their Proxy Statement, Draws Anger – And Two Exempt Solicitations As The AGM Ramps Up. Who’ll Stop The Madness Here?
Initially, we were sort of on board with the lawsuits Exxon filed against two shareholder proponents to ‘teach them a lesson’ to be more thoughtful about filing shareholder proposals. And yes, we are very much in sympathy with the idea that there are way too many...
Our Take On The Disney Contest: Much To Ponder And To Learn From We Say
The Walt Disney Company released the official vote counts on April 4th from its 2024 meeting of shareholders held April 3rd - much faster than it usually takes to do so, we were happy to note - where they said “investors decisively defeated” the campaign by activist...
Big-Company Proxy Fights – Back In A Big Way… Small And Micro-Cap Fights Look To Surge In 2024 … Anti-ESG Proposals Expected To Surge Too…Hostile Takeovers Are Back
The 2024 Annual Meeting Season and the Big-Company Proxy Fight Season is off to a roaring start – with Nelson Peltz of Trian back yet again at Disney with a big new backer, major investor Isaac “Ike” Perlmutter, whom Disney fired not so long aga… And even before...
Sell Your Proxy Votes? Good Idea, We Say, But Lots Of Practical Problems
Shareholder Vote Exchange, which was featured in a January 22 WSJ article, was started in 2021 by Preston Yadegar, 25 years old, a 2020 BU graduate whose venture has been funded so far by friends and family but who says that talks are underway with potential...
BIG Troubles In T-A Land
Five events in late 2023 startled us into realizing that most Transfer Agents seem to be in a big heap of trouble these days: The first and second were the two calls we received - one about bad TA service and one about bad TA behavior – described in detail elsewhere...
