This adds up to considerable influence that, in principle at least, might not always work in the interests
of other shareholders.
Principals in a corporation may own a policy on
other shareholders in the corporation or on key employees.
That proposal goes to a vote of shareholders at the company's annual meeting
for other shareholders to weigh in on.
I think it's absolutely logical, and I think it's exactly what you and
other shareholders on this call would expect — would do.
They receive wages and benefits that
other shareholders do not receive, can gain cheap outside financing, and limit tax exposures, in addition to other benefits.
Other shareholders also have complained about not being able to ask questions during quarterly conference calls and annual meetings, which are conducted online only.
And if they participated, it might well raise corporate governance questions / issues for management &
other shareholders].
Companies should also publicly announce material transactions and provide sufficient information to
give other shareholders and creditors the opportunity to assess the fairness of the transaction.
Obviously, the Principals are well compensated, but the size / value of their stake ensures strong alignment
with other shareholders.
A proposal that was substantially identical to the current shareholder proposal was put forth by two
other shareholders in two of the last three years.
If the consultant had asked for «acceleration rights,» he might have been able to convert his stock options into shares before the merger, receiving a fair share of the compensation received
by other shareholders as part of the merger.
Generally, if you own foreign shares through CDIs, you will receive the same benefits
as other shareholders.
You are a shareholder of a certain company and know of
other shareholders who share your vision and goals for the company and would like to agree to combine your voting powers to achieve those mutually shared goals.
Now, the Chicago - area investment manager, which became famous for making big bucks off the housing bust, is set to become the biggest winner from a case tied to the transaction, scoring an additional $ 25 million payout, or about 28 % more per share than
most other shareholders received.
He will control 57.3 percent of the company's voting power, through stocks he owns or
because other shareholders have promised to vote his way through shares that they own.
If Apple doesn't implement his suggestion, he said he will consider a proxy fight if he gets enough support
from other shareholders.
In particular,
when other shareholders sell shares from a fund, a mutual fund company may ultimately have to sell some of the securities it holds and realize a capital gain which is allocated to all shareholders of the fund.
«However, like
many other shareholders, Greenlight is dissatisfied with Apple's capital allocation strategy,» Einhorn wrote.
Vice's
other shareholders include 21st Century Fox, which is currently trying to acquire full control of Sky, WPP Group, the marketing services giant, and Technology Crossover Ventures, a leading investor in digital businesses.
Pershing Square's request is on page 24 of the complaint; all they're asking for is to be allowed to tell
other shareholders what the bylaws require.
Regulations proposed by the Texas State Legislature would mark a blow to shareholder rights, subjecting investors, proxy advisors and
other shareholder support firms to unprecedented disclosure requirements, and potentially serving to reverse the recent expansion of proxy access.
So Pershing Square wants a public answer on whether it can do what it wants to do here: not just the minimal public solicitation of consents, but also all the helper - adviser - cajoler work of
getting other shareholders in line to support its special meeting.
The deal, which
diluted other shareholders» holdings by about 11.4 %, gave Stronach an unprecedented premium of 1,799 % for his equity holdings.
Good to see: Vanguard heads list of Top Families with Largest Assets Under Management (AUM), along with
other shareholder friendly firms, like Dodge & Cox.
Because the shareholders hold the residual claim, and all corporate expenditures thus come out of their pocket, it is not entirely clear
why other shareholders should have to subsidize speech by a small minority.
It looks like the company can count on support from Elliott, but it will be interesting to see
how other shareholders react to the all - new, all - different board.
Sadly Kroenke got to the 50 % before Usmanov because back door deals were made
where other shareholders sold out to Kroenke.
RiskMetrics Group, another leading independent proxy advisory service stated in their report, «the underperformance to peer indexes, positive market reaction to dissident involvement, the reactive nature of the company, governance concerns and the likely diverging incentive and risk tolerance of management and
other shareholders such as BVF, we believe some change is needed and the board could benefit from greater shareholder representation.»
Too often (95 % of the time) fund managers endorse the current board, they vote
against other shareholders» proposals and they fail to introduce proposals of their own, Bogle says.
But perhaps, like hedge fund managers, the directors» net worth is invested alongside
other shareholders so they're properly incentivized?
Vanguard traditionally has been a mutual fund company with the unique advantage that the company itself is owned by its funds
not other shareholders.
In other words, while the hedge fund voted to reject the deal, it was banking on losing that vote — it must have
expected other shareholders to approve the deal anyway.
«Vivendi can provide stability and expertise while
enabling other shareholders to invest and participate in any future upside,» the French group said in the document.
When the younger Lee moved to have one part of the family empire buy the construction unit for $ 8 billion, Elliott balked at what it considered an absurdly low price and began
lobbying other shareholders to reject it.
Greenlight wants a judge to block a vote on Proposal 2, saying Apple illegally bundled it with two
other shareholder reforms.
It's interesting to consider what this type of calculation would show
about other shareholder proposals, especially this year where two proposals pertained to areas where Alphabet is facing public pressure.