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Keyword: shareholders

Brevity: Headers | « Text »
  • Obama speaks, shareholders weep

    10/03/2011 5:12:05 PM PDT · by Nachum · 20 replies
    Daily Caller ^ | 10/3/11 | Neil Munro
    Banks should accept a lower profit so their customers won’t have to pay for debit cards, President Barack Obama told an ABC reporter today, when asked about Bank of America’s decision to charge its customers $5 per month for use of its debit cards. Before Obama’s interview, the bank was already facing financial difficulties. Bank of America’s stock was trading at $10 per share in mid-July. Today, as the president joined Democratic politicians in complaining about the bank’s decision, its stock fell from $6.10 per share this morning to $5.60 by the end of the interview.
  • In rare letter to shareholders, Goldman denies double-dealing

    04/07/2010 12:15:23 PM PDT · by NormsRevenge · 6 replies · 296+ views
    McClatchy on Yahoo ^ | 4/7/10 | Greg Gordon
    WASHINGTON — Goldman Sachs' top officers denied in a letter to shareholders made public Wednesday that the company bet against investors who bought its subprime mortgage securities in 2006 and 2007 as the firm readied itself for a sharp drop in the U.S. housing market. The eight-page letter opening the firm's 2009 annual report comes as the world's most prestigious investment bank seeks to rebuild its image in the face of negative publicity over executive bonuses and two federal investigations into its subprime dealings. Goldman "did not generate enormous net revenues or profits by betting against residential mortgage-related products, as...
  • Toyota sued in California by U.S. shareholders

    02/08/2010 8:54:34 PM PST · by NormsRevenge · 13 replies · 572+ views
    Reuters on Yahoo ^ | 2/8/10 | Steve Gorman
    LOS ANGELES (Reuters) – Toyota faced its first U.S. class-action lawsuits stemming from complaints of faulty brakes in its top-selling Prius hybrid car and from investors claiming they were misled about problems with unintended acceleration in a wide range of models. Litigation mounted as the Japanese automaker prepared to follow global recalls of some 8 million vehicles for repairs to ill-fitting floor mats and sticking gas pedals with yet another recall to deal with braking problems in the new Prius model. A class-action suit filed on Monday on behalf of U.S. shareholders accuses Toyota Motor Corp of issuing "materially false...
  • Big Oil Bites Back

    05/28/2009 9:18:49 PM PDT · by Kaslin · 12 replies · 1,764+ views
    IBD Editorial ^ | May 28, 2009
    Companies: After an all-out war on oil companies from the left in recent years, it bodes well for the future to see Big Oil now recognizing the attack it's under and its duty to fight back. Witness Chevron and Exxon Mobil.Shareholder meetings can be pro forma affairs, but not for major oil companies, which have become a lightning rod for the anti-corporate sentiment gaining traction in U.S. political life since around 2006. Wednesday, Chevron was descended upon by a zoo-full of San Francisco leftists pushing rain forest sentimentalism, Burma, and other pet causes dear to the no-soap crowd. They journeyed...
  • Jobs Not Expected At Apple Shareholders Meeting

    02/23/2009 5:54:07 PM PST · by dayglored · 29 replies · 547+ views
    Information Week ^ | 2/23/2009 | Antone Gonsalves
    Apple chief executive Steve Jobs, who has taken a six-month medical leave from the company, will not attend Apple's shareholder meeting scheduled for this week, it was reported Monday. Jobs' absence will mark the first time the company's co-founder has not attended the annual meeting in more than a decade, business news agency Bloomberg reported. Jobs is on medical leave until June. Apple was not immediately available for comment. Jobs' absence from the Feb. 25 meeting is likely to highlight the importance of having a succession plan in place for the iconic CEO whose vision and strategy is seen as...
  • Plunging necklines blamed for plunging sales by female M&S shareholders (Marks and Spencer in UK)

    07/09/2008 1:36:49 PM PDT · by Stoat · 80 replies · 1,122+ views
    Plunging necklines blamed for plunging sales by female M&S shareholders Last updated at 19:42pm on 09.07.08  Plunging necklines have been blamed for plunging sales as Marks & Spencer chiefs today came under fire from lady shareholders.Executives faced complaints from some that its fashions are too young, offering too much cleavage for its loyal older customers.Investors have been getting worried because the value of M&S shares has slumped in recent days after the iconic high street chain revealed a fall in sales.And today at the company's AGM at London's Royal Festival Hall, shareholders lined up to offer a diagnosis of...
  • JP Morgan: We want to pay more for Bear Stearns ($10/share vs. $2/share)

    03/24/2008 6:42:43 AM PDT · by jdm · 33 replies · 696+ views
    Hot Air ^ | March 24, 2008 | by Ed Morrissey
    The weirdness on Wall Street continues. The world’s greatest fire sale has turned into something of a fiasco for JP Morgan, who thought they had Bear Stearns wrapped up in a bow by the Fed at $2 per share. However, the deal has started unraveling thanks to angry BSC shareholders, and JPM now has quintupled its offer to $10 per share: The sweetened offer is intended to win over stockholders who vowed to fight the original fire-sale deal, struck only a week ago at the behest of the Federal Reserve and Treasury Department.Under the terms being discussed, JPMorgan would pay...
  • Shareholder to Disney: Sell me the rights to “Path to 9/11″ so I can put it on DVD

    03/22/2008 4:36:47 PM PDT · by jdm · 14 replies · 881+ views
    Hot Air ^ | March 22, 2008 | Allahpundit
    The uproar over this has been lost in the shuffle of a thousand other outrages since, which is too bad: Threatening Disney’s broadcast license for airing it really was one of the Democrats’ filthiest moments of the past two years, of a piece with every Fairness-type speech-squashing rumble that rolls through their side from time to time. The debate’s since moved on to the curious fact that Disney has yet to issue PT9/11 on DVD, despite the fact that it cost $40 million to make and aired without commercials. Granted, the ratings were disappointing, but Disney should want to recoup...
  • Activist Fund Seeks Ban On 'Nuisance Shareholders'

    02/26/2008 12:17:26 PM PST · by BGHater · 8 replies · 122+ views
    DOW JONES NEWSWIRES ^ | 22 Feb 2008 | Judith Burns
    WASHINGTON -(Dow Jones)- A tiny free-enterprise fund wants Exxon Mobil Corp. (XOM) and Charles Schwab & Co. (SCH) shareholders to consider banning advisory proposals favored by activist stockholders it views as a nuisance. Advisory or "precatory" proposals aren't binding on companies, but they are a popular vehicle for shareholders to express their views on issues from climate change to executive compensation. The Free Enterprise Action Fund (FEAOX), based in Bethesda, Md., is seeking to close off that option and has filed proposals with Exxon Mobil and Schwab targeting what it calls "nuisance shareholders." Specifically, the fund wants shareholders at both...
  • For whom the toll bills

    09/12/2007 7:09:24 PM PDT · by Tolerance Sucks Rocks · 13 replies · 537+ views
    Houston Chronicle ^ | September 11, 2007 | Rick Casey
    With all the madness in the world, I meditated Tuesday on two matters of great gratitude. One is that through vigilance and good fortune we have, so far, gone six years without another major attack on U.S. soil. The other is that I wasn't one of the Texas officials who was forced to attend a workshop in Austin in which PR flacks would try (under a $20,000 contract) to teach me techniques for selling Gov. Perry's massive toll road boondoggle. It was a small part of a $7 million to $9 million campaign that will include feel-good ads pushing Perry's...
  • A Raw Milk Raid Leads to a Special Thanksgiving

    11/22/2006 10:59:58 PM PST · by davidgumpert · 33 replies · 1,915+ views
    BusinessWeek.com ^ | 11/22/06 | David Gumpert
    The story of how Gelhaus and her family came to spend this holiday working and frolicking on a farm isn't about charity, but rather about how a seemingly straightforward business investment turned into a legal crisis—and then evolved into something much bigger, something involving community and caring. Because the legal part wasn't resolved until earlier this month, Gelhaus and others involved in the story didn't want to talk about it until now.
  • Newspaper Circulation Declines 2.6 Percent

    05/08/2006 7:51:09 AM PDT · by george76 · 77 replies · 1,360+ views
    AP...BREITBART ^ | May 08 | SETH SUTEL
    Newspaper circulation fell 2.6 percent in the six-month period ending in March, according to data released Monday, as the industry continued to struggle with competition from other media outlets and the Internet. The decline in average paid weekday circulation was about the same as the previous time newspapers reported six-month circulation figures for the period ending last September, according to the Newspaper Association of America, a trade group. The NAA reported that average paid circulation at Sunday newspapers fell 3.1 percent versus the same period a year ago, also a comparable decline with the last time circulation figures were reported....
  • Corrections: For the Record

    04/21/2006 8:45:47 PM PDT · by george76 · 5 replies · 571+ views
    New York Times ^ | April 21, 2006 | Corrections
    An article in Business Day on Wednesday about investors in The New York Times Company who withheld their votes for directors misspelled the name of the family that has controlled the company since 1896. It is Ochs-Sulzberger, not Ochs-Sulzburger.
  • Pinch Gets Punched

    04/21/2006 7:31:36 AM PDT · by Kitten Festival · 20 replies · 1,384+ views
    The American Thinker ^ | 4 21 06 | Thomas Lifson
    Arthur Ochs “Pinch” Sulzberger, Jr., the scion of a family dynasty founded by his great grandfather, is well into the process of destroying the patrimony handed to him on a silver platter. Even worse, the whole world is starting to notice, something which will make other family members distinctly unhappy. And because the family controls the election of a majority of the board of directors of the New York Times Company, despite owning a tiny fraction of the actual equity (thanks to a two class system of shares), this unhappiness could affect Pinch’s tenure in office. No less an authority...
  • Kraft Foods' 2006 Annual Meeting - Shareholder Proposal regarding Chicago's "Gay Games"

    04/11/2006 10:40:29 AM PDT · by MplsSteve · 30 replies · 2,978+ views
    Kraft Foods 2006 Proxy Statement ^ | 4/11/06 | Shareholder Proposal
    STOCKHOLDER PROPOSAL DISSOCIATION FROM THE 2006 AND ALL FUTURE SO-CALLED "GAY GAMES" Marcella V. Meyer, M.D., M.P.H, 10416 South Bell Avenue, Chicago, IL, 60043, claiming beneficial ownership of 200 shares of common stock, submitted the proposal set forth below. RESOLVED: That in the best interest of our company Kraft Foods Inc. as well as in the public interest, Kraft Foods does hereby disassociate itself from the 2006 and all future so-called "gay games", and that no future financial support be given for the 2006 "gay games" or any other future activities supporting, proselytizing, promoting or encouraging homosexual activity or life...
  • WSJ: Bush Picks May Tip Court Against McCain-Feingold - Campaign Finance Reform & Free Speech

    09/28/2005 5:42:31 AM PDT · by OESY · 7 replies · 712+ views
    Wall Street Journal ^ | September 28, 2005 | JESS BRAVIN
    ...[T]he Supreme Court agreed to hear campaign-finance and tax cases whose outcome could hinge on the candidate filling the court's second vacancy.... Campaign-finance cases have revealed a philosophical split on the court, with more conservative justices, such as Antonin Scalia, considering political expenditures the functional equivalent of speech, and thus beyond state restriction. More liberal justices, such as Stephen Breyer, have viewed such regulations as lawful means to fight political corruption and keep moneyed interests from drowning out other voices. One of the political cases challenges a provision of the McCain-Feingold law that prohibits corporations from direct expenditures on electioneering...
  • Seeing red over bid to cut whites: BofA: Quotas for board are illegal

    01/13/2005 6:24:38 AM PST · by ConservativeStatement · 13 replies · 663+ views
    Boston Herald ^ | January 13, 2005 | Brett Arends
    Bank of America is trying to block a shareholder motion that would limit ``white men'' to no more than half the nominations to its board. The bank took steps to exclude the motion from the vote at the planned stockholders' meeting due to take place on April 27. BofA argues the proposal would violate federal and state law, including the 1964 Civil Rights Act, by introducing a rigid ``quota requirement'' and by forcing it to hire or promote on the basis of ethnicity.
  • Staples Major Shareholders

    01/06/2005 9:50:14 AM PST · by Just Another Guy · 9 replies · 730+ views
    Yahoo Finance ^ | 1/6/04 | Just Another Guy
    It is time to pull your money out of the following financial institutions that are the major shareholders of Staples (ticker symbol SPLS) who have chosen to side with George Soros and MoveOn.Org. Contact the institutions and let them know you will not stand for this. TOP INSTITUTIONAL HOLDERS FMR Corporation (Fidelity Management & Research Corp) Northern Trust Corporation Putnam Investment Management, LLC State Street Corporation Barclays Bank Plc Wellington Management Company, Llp Janus Capital Management, LLC Deutsche Bank Aktiengesellschaft Transamerica Investment Management LLC Vanguard Group, Inc. (The) TOP MUTUAL FUND HOLDERS Fidelity Magellan Fund Inc Putnam Voyager Fund Fidelity...
  • MIRANT STOCKHOLDERS RILED

    12/01/2004 9:22:43 PM PST · by MeneMeneTekelUpharsin · 43 replies · 3,227+ views
    The Atlanta Journal-Constitution ^ | 01 December 2004 | Margaret Newkirk
    Fearing shares will be worthless, they're playing hardball with managementLast month, when the formerly bankrupt Kmart bought Sears, one group of investors was paying particularly close attention. They are the stockholders of Atlanta merchant energy company Mirant, in Chapter 11 bankruptcy protection since July 2003. In Kmart's rags-to-riches, back-from-bankruptcy tale, Mirant's stockholders saw a hint of what might be lying in wait for them. Nothing. The retailer's story line goes like this: A hedge fund billionaire who bought large amounts of Kmart's debt becomes controlling owner of its new post-bankruptcy stock. He unloads stores and people, pumping billions into the...
  • Bob Dole Slams Kerry

    08/23/2004 8:31:55 AM PDT · by stevejackson · 21 replies · 2,137+ views
    www.netwmd.com ^ | August 23, 2004 | Andrew L. Jaffee
    Bob Dole Slams Kerry By Andrew L. Jaffee, August 23, 2004 Home   Search   Forum   Terms Nothing has really changed for Democratic hopeful John Kerry, except that real war veterans, like Bob Dole, are questioning the “superficial wounds” and resulting “medals” he received during four (4) months service in Vietnam. Kerry is still flailing, trying to cover up a career punctuated by extreme left-wing politics and flip-flopping by talking to voters about his military service. He squandered his acceptance speech at the Democratic National Convention by trying to convince Americans that his tour of duty in Vietnam will make him a great commander...
  • Kerry Prevaricates on War Against Corporate Fraud

    07/08/2004 7:29:50 AM PDT · by stevejackson · 3 replies · 860+ views
    www.netwmd.com ^ | July 8, 2004 | Andrew Jaffee
    Ken Lay of Enron Indicted and Arrested By Andrew L. Jaffee, July 8, 2004 Home   Search   Forum   Terms Enron’s ex-Chairman of the Board has been indicted and arrested on charges connected with his former company’s implosion in 2001. Corporate executives at Enron engaged in all sorts of financial manipulations to pump up the company’s stock price. They created complex “partnerships” to hide company debt from shareholders. In 1998, Enron’s share price was at about $20. By 2000, it hit $90. By 2001, the company’s stock was worthless. Enron’s collapse wiped out billions in shareholder value and employee pensions. Democratic Presidential hopeful John...
  • Behind 'shareholders' rights' push (CalPERS)

    04/13/2004 8:21:32 PM PDT · by NormsRevenge · 4 replies · 230+ views
    OC Register ^ | 4/13/04 | Doug Gamble
    <p>If Paul Revere rode today to warn of danger to California businesses and taxpayers, he might shout something such as, "The pension fund power-grabbers are coming." Actually, they're already here, and their attempts to inject special interest agendas into corporate boardrooms in the guise of shareholders' rights pose a threat to the state's recovery prospects and long-term economic health.</p>
  • American Shareholders Association: John Kerry's 19-Year Record on Investor Issues

    03/23/2004 10:56:34 AM PST · by chance33_98 · 9 replies · 200+ views
    American Shareholders Association: John Kerry's 19-Year Record on Investor Issues 3/23/2004 1:33:00 PM -------------------------------------------------------------------------------- To: National Desk, Political Reporter Contact: Daniel Clifton of American Shareholders Association, 202-549-7803, Web: http://www.americanshareholders.com WASHINGTON, March 23 /U.S. Newswire/ -- Two out of three voters in the 2004 elections will be investors, making the investor voter the most powerful voting bloc in America. American Shareholders Association (ASA) today released the organization's first study on investor issues for the 2004 elections. The study examines the Democratic Party's nominee for President, Sen. John Kerry's (D-Mass.) record on investor related issues during his nineteen years as a...
  • Kerry No Friend to Investors, Shareholders' Group Says

    03/23/2004 4:38:06 AM PST · by kattracks · 8 replies · 181+ views
    CNSNEWS.com ^ | 3/23/04 | Susan Jones
    (CNSNews.com) - Two out of three voters in the 2004 elections will be investors, says a group that represents their interests; and based on his past votes, those investors need to beware of Democrat John F. Kerry. The American Shareholders Association, an investors' watchdog group, studied Kerry's 19-year record on investor issues, and it found that Kerry consistently opposed a capital gains tax cut as well as Individual Retirement Accounts. "The best way to sum up Kerry's record on investor issues -- all talk and no action," said Daniel Clifton, executive director of ASA. "Despite his pro-investor rhetoric, not once...
  • How to vote "No" if you're a Disney shareholder and want Eisner out

    02/04/2004 9:52:13 AM PST · by churchillbuff · 1 replies · 197+ views
    savedisney.com ^ | Feb. 4, 04 | Roy Disney - savedisney
    How To Vote "NO" VOTING YOUR PROXY The 2004 annual meeting of shareholders of The Walt Disney Company will be held at the Pennsylvania Convention Center in Philadelphia, PA on Wednesday, March 3, 2004, beginning at 10:00 a.m. EST. All holders of record of shares of Disney common stock (NYSE: DIS) at the close of business on January 16, 2004 are entitled to vote at the meeting and any postponements or adjournments of the meeting. WE HOPE YOU PLAN TO ATTEND: The Walt Disney Company Proxy Statement notes that space limitations make it necessary to limit attendance to shareholders and...
  • The 'But' Economy

    10/30/2003 4:56:43 AM PST · by OESY · 22 replies · 205+ views
    The Wall Street Journal ^ | October 30, 2003 | JACK WELCH
    <p>Now, I am not claiming that the economy is fixed. It's not. And there are, obviously, challenges ahead if a full recovery is going to occur. It's undeniable, however, that most companies are posting significantly improved results. Not only can millions of hard-working people celebrate -- they should. They've earned the right. That's why we can't rain all over their efforts -- their motivation and innovative spirit and can-do attitudes. Those good feelings, as any economist will tell you, are key drivers of company productivity and consumer confidence. The fact is a recovery will be a lot harder if we keep saying "but" about damn good news.</p>
  • Voting drill on stock options

    07/08/2003 12:14:13 AM PDT · by JohnHuang2 · 1 replies · 170+ views
    Washington Times ^ | Tuesday, July 8, 2003 | By Alan Reynolds
    <p>The Securities and Exchange Commission (SEC) wants to require shareholder approval of employee compensation plans that involve stock options or stock. That label of "shareholder approval" sounds so democratic, and the ritualistic vilification of stock options sounds so banal, who could possibly object?</p>
  • Exxon Mobil holds support (shareholders vote down lefty resolutions, pro-capitalism rally described)

    05/29/2003 7:05:20 AM PDT · by Stultis · 5 replies · 238+ views
    The Dallas Morning News ^ | 29 May 2003 | SUDEEP REDDY
    Exxon Mobil holds support Shareholders vote down resolutions during annual meeting05/29/2003 By SUDEEP REDDY / The Dallas Morning News Exxon Mobil Corp. shareholders overwhelmingly voted down each of a dozen resolutions presented Wednesday during an annual meeting marked by tight security and stricter controls on shareholder remarks. But several proposals – related to the environment and gay rights – gained votes over previous years, thanks to support from environmental groups and institutional shareholders. Exxon Mobil has maintained its challenge of scientific claims on global warming and the viability of renewable energy technologies that many of its major competitors have pursued....
  • TURNER CRITICIZED BY SHAREHOLDERS (big-mouth termed anti-religious, makes spectacle of himself)

    05/17/2003 2:59:41 PM PDT · by Liz · 25 replies · 237+ views
    Atlants Journal Constitution ^ | 5/16/03 | Shelly Emling
    LEESBURG, Va. -- Ted Turner caught the ire of at least two shareholders at AOL Time Warner's annual meeting Friday. Shareholder Scott Walker said Turner, who stepped down as vice chairman but remained a board member, too often makes a spectacle of himself. "He frequently speaks out in ways that hurt the company," Walker said at the meeting. "He speaks out against the company. Why on earth should any of us give him another chance on the board?" The remarks prompted Chairman and CEO Richard Parsons to launch a defense of Turner. "Ted is one of our most valuable directors....
  • AOL shareholders revolt- Annual meeting marked by dismay over failures

    05/17/2003 1:10:59 AM PDT · by kattracks · 1 replies · 210+ views
    New York Daily News ^ | 5/17/03 | PHYLLIS FURMAN
    LANSDOWNE, Va - Fed-up shareholders of AOL Time Warner gave Steve Case and his cronies a big thumbs-down yesterday - withholding votes to reelect them to the board at the company's annual meeting here yesterday. While Case and the entire slate of directors were reelected, investors voiced their anger by giving Case's pal, former America Online exec Miles Gilburne, the lowest vote tally - just 65%. Case got 78% of the votes, far less than AOL Time Warner CEO Dick Parsons, who received a near-unanimous backing from shareholders. It was a clear sign that investors place much of the blame...
  • Nasdaq closes stable door after horses bolt

    07/26/2002 6:02:53 AM PDT · by JameRetief · 1 replies · 237+ views
    The Inquirer ^ | July 26, 2002 | Adamson Rust
    Nasdaq closes stable door after horses bolt New rules for old boys By Adamson Rust: Friday 26 July 2002, 10:22 THE BOARD OF DIRECTORS of the Nasdaq stock market have issued 25 new rules for trading companies in a bid, we suppose, to avoid any dung flying its way. If the board of NASD approve the rules, they will be forwarded to the SEC Star Chamber for a bit of rubber stamping. The new rules are: $$$ Make the majority of board members independent $$$ Get independent directors to meet regularly$$$ Redefine the meaning of "independent" – no big shareholders,...
  • New Book Exposes Jesse Jackson

    04/01/2002 6:20:23 PM PST · by WaterDragon · 30 replies · 380+ views
    Oregon Magazine ^ | April 1, 2002 | Peggy Whitcomb
    He could never have done it without the enthusiastic support of the mainstream media. Other black leaders have noted that he is in fact, a creation of the media. Jesse Jackson was a nonentity in the early sixties. He hungered for notoriety. He wanted to be rich. His skills were those of the master con artist, and he had no shame, there was nothing he wouldn't stoop to for money and power. "Shakedown! Exposing the Real Jesse Jackson" by Kenneth R. Timmerman is shocking because the truths exposed in the book were never deep, dark secrets to anyone except to...