Sentences with phrase «by shareholder activists»
In recent years, other companies targeted by shareholder activists have promised to reduce greenhouse gas emissions, increase investments in renewable energy, use more sustainable ingredients and packaging, or hold discussions on implementing take - back policies for electronics recycling.
https://ensia.com/
excerpt: «After being pestered for years by shareholder activists, Exxon has agreed to produce a public document on its «carbon asset risk.»
Not exact matches
May 2 - Xerox Corp said its CEO and several board members will step down to settle a suit brought by activist shareholders who had opposed a $ 6.1 billion deal with Japan's Fujifilm Holdings.
MILAN, April 23 - A judge ruled in favor of an appeal by Telecom Italia and its leading investor Vivendi to block a vote on some board director replacements proposed by activist fund Elliott at an April 24 shareholders meeting, a court document showed.
Xerox said its CEO and most of its board will step down to settle a suit by activist shareholders Carl Icahn and Darwin Deason.
Earlier this year, activist investor Daniel Loeb pushed Honeywell to shed the business to boost shareholder value by an estimated $ 20 billion.
Xerox has been targeted by activist investor Carl Icahn and shareholder Darwin Deason, who joined forces last week to push Xerox to explore strategic options, oust its «old guard», including its CEO, and negotiate better terms for its decades - long deal with Fujifilm.
This follows a lawsuit by activist investor Darwin Deason, who along with fellow Xerox shareholder Carl Icahn has said the deal substantially undervalues Xerox.
Whole Foods hired the advisory firm Evercore Partners earlier this year to defend itself from pressure by activist shareholder Jana Partners, which announced in April it had amassed an 8.3 percent stake and pushed for changes to the Whole Foods board of directors.
The bid was raised after the company was pressured by shareholders led by activist hedge fund Elliott Management.
Earlier this month Reuters reported, citing a source, that the company was exploring a potential sale encouraged by activist shareholders, including Blackwells Capital LLC.
Opponents led by activist investor Barry Rosenstein's Jana Partners had contended that splitting EQT's natural gas production and transportation businesses would better reward EQT shareholders.
Last month, Dimon prevailed at the bank's annual meeting when only 32 percent of shareholders voted in favor of a proposal — backed by activist groups after the «London Whale» trading losses — to strip him of the chairmanship.
This is exactly the opportunity the activists are availing themselves of by contacting blocks of shareholders to exchange views on underperforming companies and collaborating on remedies.
MILAN, April 23 (Reuters)- A judge ruled in favor of an appeal by Telecom Italia (TIM) and its leading investor Vivendi to block a vote on some board director replacements proposed by activist fund Elliott at an April 24 shareholders meeting, a court document showed.
Activist investor Carl Icahn, the second largest Dell shareholder behind Michael Dell, and Southeastern Asset Management have joined forces to halt the deal by making an offer of their own.
Shareholder democracy activists should not get carried away by the arrival of proxy access proposals north of the border, according to a Toronto lawyer.
NEW YORK / TOKYO (Reuters)- Xerox Corp (XRX.N) said its CEO and most of its board will step down to settle a suit by activist shareholders Carl Icahn and Darwin Deason, handing over to new management which will reconsider a contentious deal with Fujifilm Holdings (4901.
On the eve of a special shareholders» meeting last May by Taseko Mines Ltd. (TSX: TKO), activist shareholder Raging River Capital LP threw in the towel.
A stake purchase by the activist investor could add friction in a potential merger of the $ 53 bln software company with its controlling shareholder Dell.
NEW YORK / TOKYO Xerox Corp said its CEO and most of its board will step down to settle a suit by activist shareholders Carl Icahn and Darwin Deason, handing over to new management which will reconsider a contentious deal with Fujifilm Holdings.
«Despite the continued support of attacks by activist hedge funds by the Chair of the SEC, and many «Chicago school» academics who continue to rely on discredited statistics, there is growing recognition by institutional investors and prominent «new school» economists of the threat to corporations and their shareholders and to the economy of these attacks -LSB-...]
Overall, cash returned to shareholders is much lower today — even with the recent surge instigated by activist campaigns — than in decades past when the economy enjoyed much more robust growth.
A financial auction earlier this year, following a failed attempt by activist shareholders to change Yahoo's strategy, culminated in the Verizon - Yahoo transaction.
On today's show we talk about: Berkshire's 2017 shareholder letter Will Berkshire Hathaway eventually get broken up by activists?
BlackBerry's ability to manage inventory and asset risk; BlackBerry's reliance on suppliers of functional components for its products and risks relating to its supply chain; BlackBerry's ability to obtain rights to use software or components supplied by third parties; BlackBerry's ability to successfully maintain and enhance its brand; risks related to government regulations, including regulations relating to encryption technology; BlackBerry's ability to continue to adapt to recent board and management changes and headcount reductions; reliance on strategic alliances with third - party network infrastructure developers, software platform vendors and service platform vendors; BlackBerry's reliance on third - party manufacturers; potential defects and vulnerabilities in BlackBerry's products; risks related to litigation, including litigation claims arising from BlackBerry's practice of providing forward - looking guidance; potential charges relating to the impairment of intangible assets recorded on BlackBerry's balance sheet; risks as a result of actions of activist shareholders; government regulation of wireless spectrum and radio frequencies; risks related to economic and geopolitical conditions; risks associated with acquisitions; foreign exchange risks; and difficulties in forecasting BlackBerry's financial results given the rapid technological changes, evolving industry standards, intense competition and short product life cycles that characterize the wireless communications industry, and the company's previously disclosed review of strategic alternatives.
I guess the lesson of Travis Kalanick's resignation as chief executive officer of Uber Technologies Inc. is that you can be the visionary founder of a massive company, stay private to avoid the pressures of the public market, keep control of a majority of the voting power of the shares, and still be forced out in a boardroom coup led by activist shareholders:
Many factors could cause BlackBerry's actual results, performance or achievements to differ materially from those expressed or implied by the forward - looking statements, including, without limitation: BlackBerry's ability to enhance its current products and services, or develop new products and services in a timely manner or at competitive prices, including risks related to new product introductions; risks related to BlackBerry's ability to mitigate the impact of the anticipated decline in BlackBerry's infrastructure access fees on its consolidated revenue by developing an integrated services and software offering; intense competition, rapid change and significant strategic alliances within BlackBerry's industry; BlackBerry's reliance on carrier partners and distributors; risks associated with BlackBerry's foreign operations, including risks related to recent political and economic developments in Venezuela and the impact of foreign currency restrictions; risks relating to network disruptions and other business interruptions, including costs, potential liabilities, lost revenues and reputational damage associated with service interruptions; risks related to BlackBerry's ability to implement and to realize the anticipated benefits of its CORE program; BlackBerry's ability to maintain or increase its cash balance; security risks; BlackBerry's ability to attract and retain key personnel; risks related to intellectual property rights; BlackBerry's ability to expand and manage BlackBerry ® World ™; risks related to the collection, storage, transmission, use and disclosure of confidential and personal information; BlackBerry's ability to manage inventory and asset risk; BlackBerry's reliance on suppliers of functional components for its products and risks relating to its supply chain; BlackBerry's ability to obtain rights to use software or components supplied by third parties; BlackBerry's ability to successfully maintain and enhance its brand; risks related to government regulations, including regulations relating to encryption technology; BlackBerry's ability to continue to adapt to recent board and management changes and headcount reductions; reliance on strategic alliances with third - party network infrastructure developers, software platform vendors and service platform vendors; BlackBerry's reliance on third - party manufacturers; potential defects and vulnerabilities in BlackBerry's products; risks related to litigation, including litigation claims arising from BlackBerry's practice of providing forward - looking guidance; potential charges relating to the impairment of intangible assets recorded on BlackBerry's balance sheet; risks as a result of actions of activist shareholders; government regulation of wireless spectrum and radio frequencies; risks related to economic and geopolitical conditions; risks associated with acquisitions; foreign exchange risks; and difficulties in forecasting BlackBerry's financial results given the rapid technological changes, evolving industry standards, intense competition and short product life cycles that characterize the wireless communications industry.
Lagardere shareholders reject activist demandsShareholders in Lagardere SCA (MMB.FR) voted Thursday against motions proposed by activist investor Amber Capital to change the group's corporate governance.
Duperreault arguably owes his new job to pressure put on AIG by activist investor Carl Icahn, who has been agitating for new management to join the company and move to split it up and sell the parts to unlock value for shareholders.
Si2 provides overview reports on the main environmental, social and governance issues raised by activist shareholders in their proposals to companies, as well as impartial breakout reports on the proposals awaiting votes at companies.
Following a multi-year period of underperforming shareholder returns, amid a slump in comparable store sales and hampered by relatively high expenses, the Company would appear to be vulnerable to an activist campaign.
HOFFMAN: Usually hairpin turns like this are delayed by turf wars, fights in the boardroom, activist shareholders circling in and calling everyone morons.
Usually hairpin turns like this are delayed by turf wars, fights in the boardroom, activist shareholders circling in and calling everyone morons.
LONDON Major Barclays shareholders will baulk at any bid by activist Edward Bramson to gain a seat on the bank's board, despite giving their cautious backing to the biggest bet of his career.
According to the New York Post, Yahoo! Inc. (NASDAQ: YHOO) is preparing for a potential proxy battle against activist investors, including Starboard Value, by hiring advisers who specialize in defense against «cage - rattling shareholders.»
In this case, Wachtell's bylaw could chill shareholder activist activity by making it harder to obtain qualified director nominees.
Signed by the leading deal lawyer Martin Lipton and seven other Wachtell partners, the memo proposes that company boards consider adopting a bylaw prohibiting shareholder activists from compensating director nominees.
Major banks CBA and ANZ have urged the repeal of a law which allows activist investors, unions and environmental groups to pursue fringe causes by forcing companies to hold costly shareholder meetings.
* Tech - savvy farmers using social media * Agribusiness, food safety activists pour money into campaigns * Whistleblowers see new laws aimed at them By P.J. Huffstutter and Lisa Baertlein April 16 (Reuters)- Standing before a crowd of McDonald's Corp shareholders at its headquarters last spring, an unlikely investor prepared for battle.
As Greenpeace activists cut through the ceiling and absailed into Shareholder Meeting with huge banners and leaflets, Nestlé was held to account for its exploitation of rainforests, for its spying activities and for its failure to abide by baby food marketing standards adopted by the World Health Assembly
That sounds awfully like the activist shareholder model that's currently being exercised by state Comptroller Tom DiNapoli, who has sought to squeeze reforms from major companies the state's pension fund has invested in, including greater disclosure of their political activity.
When executives at Pearson, the world's largest for - profit education company, held their London shareholder meeting Friday, they were greeted by activists from the American Federation of Teachers, urging them to oppose so - called «gag orders» restricting teachers from revealing information about Pearson's Common Core tests.
The company is further distracted by activist shareholders that are agitating for the company's sale.
The authors seek to address the questions posed by «critics and regulators» about the benefits of hedge fund activism to shareholders and the claim that hedge fund activists «destroy value by distracting managers from long - term projects.»
A recent study conducted by April Klein and Emanuel Zur on shareholder activism found that stock prices of companies targeted by activist investors earn 10.2 % average returns during the period surrounding an activist's ownership disclosure and an additional 11.4 % abnormal return during the following year.
Their target investments include a number of firms whose share prices might be influenced by high insider buying, spun - off divisions, reduced float, and targeting by activist shareholders, as well as your basic «good buys.»
The paper seeks to explain how activist investment strategies create shareholder value and improve corporate governance by resolving conflicts of interest between shareholders, directors and management.
On today's show we talk about: Berkshire's 2017 shareholder letter Will Berkshire Hathaway eventually get broken up by activists?
In fact I think I was lucky that the shares «only» declined 48 % and that's due the fact that the two large investors have taken an activist role to make sure that most of the remaining cash is returned to shareholder; without them the cash would have probably been «re-invested» by management to keep the company alive (and thus feeding management their salaries) as long as possible.