I suspect that shareholders of a consolidator in the sector might ultimately end up better off
than shareholders of acquired companies — perhaps that offer possibilities?
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.
Almost three decades after launching the company as an indie film production house with little more
than $ 300 and a lot
of youthful enthusiasm, he and co-founder Seaton McLean and a few other early
shareholders had all become rich beyond imagining on the strength
of a handful
of lucrative properties, including HGTV, the Food Network and the spectacularly successful CSI franchise.
Tencent lost more
than $ 51 billion in market value in two days last week on news
of largest
shareholder Nasper Inc's 2 percent stake reduction for $ 9.8 billion, and also management's warning
of margin pressure.
Warren Buffett «s Berkshire Hathaway Inc. (brk - a) has become Bank
of America Corp's (bac) largest
shareholder by exercising its right to acquire 700 million shares at a steep discount, more
than tripling an investment it made six years ago.
«Today, companies have to think about more
than just their
shareholders, they have to think about the health
of their community,» Scott says.
JERSEY CITY, N.J. / BOSTON, May 2 - Goldman Sachs Group Inc leaders said more
than 87 percent
of shares were voted in favor
of its executive pay at its annual
shareholder meeting, and that a stock plan for employees was approved by more
than 65 percent
of votes cast.
Those include, prominently, himself: Dorsey owns more
than 21 million shares
of Twitter, making him one
of the biggest individual
shareholders.
Shareholders who held stock on the date
of Bertolini's announcement and still hold it today have seen the value
of their original stake more
than double (compared with the more modest 34 % gain for the S&P 500 during the same period).
Apple
shareholder Ross Gerber said on Thursday that Apple sold a «perfectly fine» number
of phones during the quarter, but earnings were a bit less
than he was hoping for.
Further, leaders
of businesses that produce products that are harmful or dangerous (i.e. weapons, tobacco, etc.) aren't likely to be thinking about more
than meeting the expectations
of their
shareholders.
«And if enough jurisdictions do it, then the
shareholders of America will realize that they've got fewer after - tax profits to divvy up
than continue to pay CEOs outrageous salaries.»
Apple is now paying out more cash in the form
of dividends to its
shareholders than any other major publicly traded company in the U.S.
An appointment
of Woods to the top Exxon job could signal the company's board wants to continue to focus on cash generation in order to keep boosting
shareholder payouts, rather
than focus on pricey development projects, analysts have said.
Even Viacom (VIAB) has seen better
than expected results, despite being embroiled in a power struggle between CEO Philippe Dauman and controlling
shareholder Sumner Redstone — and despite criticism for its lackluster stable
of fading brands like Nickelodeon and Comedy Central.
«I also discovered indeed, that it's easier to get rid
of shareholders by disinviting
than to attract new ones.
Tap Oil
shareholders have lodged a big protest vote, with more
than 35 per cent
of votes cast against three resolutions at today's annual meeting, with dissident
shareholder Chatchai Yenbamroong accounting for a large share
of the opposition.
Shares in Mungana Gold Mines rose by more
than 25 per cent after the company announced it would move ahead with its North Queensland zinc strategy, following
shareholder support for the $ 15 million acquisition
of the Chilagoe base metal assets from the liquidators
of Kagara, originally announced in December last year.
I explained that the massive fees levied by a variety
of «helpers» would leave their clients - again in aggregate - worse off
than if the amateurs simply invested in an unmanaged low - cost index fund,» he recapped, writing in Berkshire's annual
shareholder letter.
Disney
shareholders lost their case but the final ruling set a new bar for directors when approving these kinds
of exit packages: «If a director acts with conscious disregard — in other words, a looking away — rather
than a deliberate intent to violate his duties, he can still be held liable for acting in bad faith,» plaintiffs» attorney Steven G. Schullman told the New York Times back in 2006.
EMC is no doubt hoping that Glass Lewis's endorsement
of the deal will be enough to persuade undecided EMC
shareholders who are skeptical that a newly combined company would be able to better compete in a fast - changing technology landscape
than either Dell or EMC by themselves.
These findings echo those
of the 1994 classic «Built to Last,» in which Jim Collins and Jerry Porras reveal that over a more
than 60 - year period, purpose - guided companies earned six times more for their
shareholders than their narrowly profit - focused competitors.
Qualcomm said on Tuesday it had entered into agreements with nine NXP stockholders, who collectively own more
than 28 percent
of NXP, including top
shareholder Soroban Capital Partners LP and second - largest Elliott.
Tencent now owns more
than 8 million shares in Tesla as
of March 24, the carmaker said, making the Chinese company one
of its biggest
shareholders.
The power behind Fink's threat to enforce his views hinges, in part, on the standard
of one share, one vote — that
shareholders» voting power is based on the number
of shares they own in a given company rather
than the votes
of entrenched founders or early investors.
Looking out on the next decade, Jobs may well be asking himself a variation
of that very question: After creating more
than $ 150 billion in
shareholder wealth, transforming movies, telecom, music, and computing (and profoundly influencing the worlds
of retail and design), what should Steve Jobs do next?
«Today's action by the board was the culmination
of a blatant bait and switch, essentially robbing loyal employees, including the more
than 200 early founding Uber employees and advisors,
of their hard earned
shareholder rights worth billions in value,» they said.
Long delayed by the Securities and Exchange Commission (SEC), Title III was the most controversial provision
of the JOBS Act because it allowed non-accredited investors — generally defined as individuals with less
than $ 1 million in assets who earn less
than $ 200,000 per year — to invest in private companies as
shareholders.
At the bank's 2016 meeting in Florida, only three
of the board's 12 directors received more
than 90 percent
of shareholders»...
We share Martin's concern that option - based compensation may drive destruction rather
than creation
of shareholder value.
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.
Please see the ratings disclosure page on www.moodys.com for information on (A) MCO's major
shareholders (above 5 %) and for (B) further information regarding certain affiliations that may exist between directors
of MCO and rated entities as well as (C) the names
of entities that hold ratings from MIS that have also publicly reported to the SEC an ownership interest in MCO
of more
than 5 %.
If the maker
of Dove soap and Ben & Jerry's ice cream had a protective mindset for incorporating in the Netherlands, it would not have sought to cancel existing Dutch preference shares that allow certain
shareholders a greater voice
than others, Dekkers said.
The article's author, Steve Denning, dissects the main theme
of Martin's book, which is that the current practices around maximizing
shareholder value actually do more harm
than good:
Buying back stock is, for example, Warren Buffett's preferred way
of returning cash to
shareholders (rather
than paying a dividend).
Buffett is right that, for most
of his stock - picking history,
shareholders have likely been better off leaving their money in his care rather
than siphoning the cash into their own accounts by way
of dividends: Since 1965, Berkshire Hathaway stock has delivered annualized returns
of nearly 21 %, more
than double the S&P 500.
These rules apply to all
shareholders who own more
than two percent
of the corporation's stock and are employees
of the corporation.
The topic arose at Berkshire Hathaway's
shareholder meeting in Omaha, where Buffett talked about his struggles to find ways to deploy the company's enormous hoard
of more
than $ 90 billion in cash, at a time when it has been difficult to find worthy investments at an attractive price.
It is good for the investing public to know that the company is making decisions about things like dividends with the best interests
of shareholders in mind, rather
than the best interests
of the CEO.
And it shows Harris and two other directors — Louis Lataif and Donald Resnick — were named to the board with the approval
of less
than 40 %
of the eligible voting
shareholders.
At today's prices, industry forecasts
of three million barrels per day by 2020 are likely to underestimate production by a bit, but the real kicker will be on the value
of that production to all concerned — governments, via taxes and royalties, and
shareholders will all suffer much lower returns from this development
than they would have expected less
than a year ago if prices stay where they are today.
Financial group Skandia was rocked by revelations
of huge bonuses to executives more
than a decade ago, while telecom group Ericsson faced
shareholder protests in 2007.
GPS Online.com Limited managing director Bob Angel said the company received applications for more
than double the number
of shares being offered in the prospectus to non-Telco Australia Limited
shareholders.
And regardless
of ownership claims, lots
of people reject the idea that
shareholders have any special role here, or that their voices should count for more
than the voices
of other stakeholder groups.
Boards are empowered to protect
shareholders, but many
shareholders have become sympathetic to activists because they believe the system has inherent conflicts
of interest; that directors are more interested in collecting paychecks and preserving their status quo
than in exercising their fiduciary duty to
shareholders.
Icahn remains the largest Herbalife
shareholder, owning a little more
than 18 %
of the company.
SolarCity shares were up more
than 1 percent, and shares
of Tesla Motors were up slightly after
shareholders for the two companies voted Thursday to approve a merger.
This is especially true when
shareholder faith rests more with a charismatic leader's vision
than with the strength
of the organization itself.
David Geffen, the third founder
of the company, ceased to be listed as a
shareholder in 2012, as he didn't have more
than 5 %
of the company's stock — the threshold at which investors are required to disclose their stake.
He calls it «conscious capitalism,» a mode
of doing business that attempts to create value for all stakeholders — employees, customers, community,
shareholders — rather
than sublimating the needs
of the first three to those
of the last.