Sentences with phrase «large shareholder of the company»

Elon Musk is the largest shareholder of both companies and some critics are wondering whether the move is intended more to save SolarCity than create a logical fusion of interests.

Last week, Mr. Slim exercised warrants to become the largest shareholder of the company with a 17 % stake and told Reuters last July that his holdings in the company are a «financial investment.»

Security Capital U.S. Realty, the largest shareholder of both companies, has agreed to vote its share in favor of the merger.

Not exact matches

He saw the PC mogul wading into crowds of shareholders and signing autographs at the company's annual meeting, noting how a larger - than - life CEO could inspire loyalty and garner loads of free publicity.

So Viacom's new chairman is not only unloved by some large shareholders, but also unloved by his own vice-chairman, the daughter of the company's controlling shareholder and one of the people who will direct Redstone's assets after his death.

MONTREAL — Valeant Pharmaceuticals faces years of legal challenges despite cutting ties with a U.S. mail - order pharmacy at the centre of a controversy about how Canada's largest publicly traded drug firm conducts its business, say industry observers and the company's second - largest shareholder.

Similarly, Avigilon founder Fernandes's previous startup, QImaging, was snapped up by a large New York Stock Exchange??? listed conglomerate for $ 20 million in 2002, enabling him to become «the biggest and major shareholder of the company» this time around.

As Aimia's largest shareholder with nearly 20 per cent of the company, Mittleman said he's going to be an advocate on the board for creating shareholder value, something he predicted will spread among management and fellow board members.

In the letter, Wintergreen expresses «deep disappointment» in Coca - Cola's compensation plan, and claims the plan to be an «unnecessarily large transfer of wealth from Coca - Cola's shareholders to members if the company's management team.»

Between Slide's rise and fall, he helped start Yelp in 2004 (and is the company's largest shareholder), was appointed to the board of directors of Evernote and and co-founded financial services company Affirm.

At Fortune's Brainstorm Tech conference in Aspen in July, investors at private equity firms TPG Capital and General Atlantic — both large shareholders of Uber — said neither of them had marked down their holdings amid the company's turmoil.

In October of 2013, for example, Kohlberg Management VI, LLC, the largest shareholder in Performance Sports Group Ltd. (PSG: TSX), sold 3.2 million common shares of the company at $ 12.15 a share to a syndicate of underwriters co-led by RBC Capital Markets and Paradigm Capital Inc..

One of the company's largest shareholders, David Winters, fought to strike down a stock option plan that may greatly increase how much Coke's top executives are paid.

The chairman, CEO and largest shareholder of Berkshire Hathaway was also joined by the company's Vice Chairman Charles Munger and Buffett - friend Bill Gates.

Starboard, an investment management firm, owns 4.5 % of Media General's shares, making it one of the company's largest shareholders.

Marriott International and Starwood Hotels shareholders on Friday voted in favor of a deal that will create the world's largest hotel company.

Cadence 100 Best Companies rank: 52 A large majority of the Cadence's (cdns) employees are currently shareholders.

Icahn remains the largest Herbalife shareholder, owning a little more than 18 % of the company.

«While the company faces a number of significant challenges, including the continued rise of Amazon and Google, its high margin and large sales figures enable the company to generate significant free cash flow, which it increasingly returns to shareholders via buybacks and dividends.»

The report from proxy advisory group Institutional Shareholder Services (ISS), called «Gender Diversity on Boards: a Review of Global Trends,» shows that the number of females among new board nominees at the largest U.S. companies has been steadily climbing in recent years.

VANCOUVER — Shareholders of Lululemon Athletica Inc. (Nasdaq: LULU) have re-elected two directors that the company's founder and largest shareholder Chip Wilson voted against in an apparent boardroom backlash, the latest controversy to come to light at the struggling yoga wear retailer.

After Herzer's lawsuit, value investor Mario Gabelli, the second - largest voting shareholder in Viacom, called for the media company to disclose the state of Redstone's mental competence.

That put him on the opposite side of the table from activist investor Carl Icahn, who turned into Herbalife's largest shareholder even as Ackman mounted a campaign against the company.

Modern corporations are typically characterized by a «separation of ownership and control» — that is, companies are generally run by professional managers, who manage on behalf of a very large number of mostly - anonymous shareholders.

The heiress to the L'Oreal cosmetics fortune and the company's largest shareholder, Liliane Bettencourt is the richest woman in the world, with a net worth of $ 36.8 billion, an increase of $ 3 billion in the last year alone.

The heiress to the L'Oreal cosmetics fortune and the company's largest shareholder, Liliane Bettencourt is the richest woman in Europe and the second - richest woman in the world, with a net worth of $ 29 billion.

«I'm proud of what I created at American Apparel and am confident that, as its largest shareholder, I will have a strong relationship with the company in the years ahead,» he said in a statement.

But bear in mind that, according to shareholder advisory group CtW Investment Group, barely 1 % of large company directors received that level of opposition in 2015's proxy season.

On October 28, 2015, as one of AIG's largest shareholders (we currently own over 42 million shares), we wrote a public letter to the CEO of AIG suggesting that the company is «Too Big To Succeed» and should accelerate cost cutting and separate into three public companies to shrink below the threshold for systemically important financial institutions.

As suggested 10 days ago, here at Politico («Michael Ferro immediately redefines Tribune Publishing's chairman role»), the fault lines began forming behind the scenes as soon as Ferro had bought 16.6 % of the company — becoming its largest shareholder — on Feb. 3.

Per the Journal, Elliott's investment is about 2 percent of EMC's total equity value of $ 55 billion and would make Elliott the fifth largest shareholder in the Hopkinton, Mass. — based company.

Wang is the founder and largest shareholder of S.F. Holding, the owner of S.F. Express, China's largest parcel delivery company.

The company's management team usually votes as proxy for a large number of shareholders, because most shareholders, especially if they only own a few shares, do not attend the annual meeting.

Beyond the actual gas project and LNG sales, China's state - run shipping conglomerate COSCO has also secured a 50 percent stake in the four LNG shipping carriers serving Yamal.90 Chinese engineers and workers have been deployed to the Yamal Peninsula to help construct surrounding infrastructure, which includes a Chinese - produced polar drilling rig.91 Moreover, a Chinese oil and gas rig producer now provides Russia with about 60 percent of its imported oil rig supplies, indicating that China is becoming a dominant player in this sphere.92 Chinese media recently hailed Yamal as an example of China's construction and engineering prowess and a symbol of its transformation into an Arctic player.93 In return for China stepping into support the project, senior officials from Novatek, the main shareholder of the project, announced that the first LNG shipment would symbolically go to China.94 But a British subsidiary of Malaysia's Petronas purchased the first shipment of Yamal LNG and sold it to France's Engie, which then shipped the cargo to its Boston import facility for American use.95 Western sanctions on Novatek, Russia's largest independent national gas producer and a company with close ties to the Kremlin, made Yamal's pivot to China possible, as sanctions forced Russia to find an alternative source of investment and technology.

Berkshire already owns 3 percent of the company, and is its largest shareholder.

Furthermore, the rules governing companies listed on the NYSE and incorporated under Delaware law require us to submit certain matters to a vote of shareholders for approval, such as mergers, large share issuances or similar transactions, and the approval of equity - based compensation plans.

Berkshire already owned 3 percent of the company, and is its largest shareholder.

The San Francisco - based company reported financials to shareholders as part of a formal bid Tuesday night from a SoftBank Group Corp. - led consortium looking to buy a large block of stock.

Bloomberg first reported the latest development, which follows months of talks about both a direct investment in the ride - hailing company at the company's last private valuation of nearly $ 70 billion and also a large purchase of the shares of existing shareholders at the lower price.

Tesla, the electric car company of which Elon Musk is chairman, chief executive, and the largest shareholder (with a 26.5 % stake), has just made an offer to acquire SolarCity, the clean energy company of which Elon Musk is chairman and the largest shareholder (with a 22.2 % stake.)

The board also turned against Patrick Soon - Shiong — who even as he closes on the L.A. Times sale still remains Tronc's second - largest shareholder, with something less than a quarter of the company.

And I'm still the largest single shareholder of the company.

InsideClimate News reviewed 25 years» worth of shareholder proposals at the three largest U.S. oil companies — ExxonMobil, Chevron and ConocoPhillips — to see how they responded to investor concerns about climate change.

However, for stock market companies, simply creating new shares or issuing stock options by fiat that are given away to employees without the company selling them at full value, existing shareholders would experience an economic dilution in profits (dividends) per share going down because of a larger number of shares and, importantly, in economic value, being given away (shares of the company are literally being simply granted to someone else, namely employees).

We thank you for being receptive to us and other large shareholders, all of whom are investment professionals offering advice concerning an investment decision, as the decision to repurchase shares is in effect the company making an investment in itself.

One of the tricks that large LBO firms use is to purchase at just enough of a «premium» to essentially force a sale as the company board has to satisfy their fiduciary responsibility to shareholders....

«This isn't unique to us, but we want companies with large amounts of free cash flow, good business dynamics, a proven ability to profitably reinvest that cash flow and management properly incentivized to do the right thing for shareholders.

However, as Japan moves closer to a Western model of corporate governance, shareholders may be playing a larger role in the strategy and leadership of some Japanese companies.

It was the Code of Business Conduct And Ethics that the company used to find Kazuo Okada — an early investor and formerly the largest single shareholder of Wynn Resorts — unsuitable to be a shareholder in the company, which ultimately led to not only his ouster from the Board of Directors but Wynn Resorts redeeming his shares.

Gelb also noted that this will make Berkshire the largest shareholder of Bank of America, owning about 7 % of the company's outstanding stock.