Shareholders Monthly archive

Feb 27, 2019
Biggest fund managers said to support ‘excessive’ CEO pay deals
Some of the world’s largest fund managers are nodding through excessive pay packages, according to research from As You Sow – though some dispute the data. The California-based non-profit has published a list of what it says are the 100 most overpaid CEOs from the S&P 500 last year. It compiled the list by comparing remuneration with total shareholder return and then looked at votes against those packages. As well as listing the CEOs it deems most ove...
Read more
Feb 26, 2019
Disney shareholders to vote on cyber-security proposal
Shareholders in The Walt Disney Company will have a chance to press the Magic Kingdom owner on cyber-security and its lobbying activities on March 7 by voting on two proposals at the company’s AGM in St Louis, Missouri. Disney’s board has urged shareholders to vote against the proposals, one of which calls for it to publish a report assessing ‘the feasibility o...
Read more
Feb 18, 2019
Investors focus on board diversity for 2019 proxy season
More than half (53 percent) of investors say board diversity is top of mind going into this year’s proxy season, according to the 2019 Proxy Season Preview report from the EY Center for Board Matters. The survey of more than 60 institutional investors, with combined assets under management of $32 trillion, shows investors are increasingly focused on board composition. This year’s figure of 53 percent saying the issue should be a top board focus is up from a thir...
Read more
Feb 11, 2019
Activists targeted 922 companies in 2018, report finds
More than 900 companies were targeted with activist campaigns last year - and 417 of those were outside the US, according to a new report. The Activist Investing Annual Review 2019, produced by Activist Insight in association with Schulte Roth & Zabel, notes that 922 companies were targeted in 2018 worldwide compared with 856 in 2017. In Canada, the number of companies subjected to activist demands reached 75 in 2018 compared with 56 in 2017. Asia ...
Read more
Feb 08, 2019
The week in GRC: Senators eye share buyback curbs, and Appaloosa urges Allergan to split CEO and chair roles
– The Wall Street Journal reported that activist investor Starboard Value said it is making a $200 million investment in Papa John’s International and that its CEO Jeffrey Smith is becoming chair of the pizza company. Starboard also obtained a board seat for Anthony Sanfilippo, former chair and CEO of casino operator Pinnacle Entertainment, now own...
Read more
Cs logo Cs logo