Alphabet 2020 annual meeting is 6/3/2020 at 9AM Pacific virtually by entering the eligible shareholder’s 16-digit control number found on the proxy card. To enhance long-term value: Vote AGAINST all directors and Board items. Vote FOR All Shareholder Proposals. See list of all virtual-only meetings maintained by ISS. Vote by 6/2 or it will be too late, […]
Alarm.com 2020 Declassify Board
Alarm.com 2020 annual meeting is 6/3/2020 at 6AM Pacific virtually. To enhance long-term value: Vote FOR both directors, Pay, Elect Each Director Annually, End Supermajority Requirements. Vote AGAINST Auditor. See list of all virtual-only meetings maintained by ISS. Be sure to vote by 6/2 to have your vote count. Voting at the meeting or even asking questions […]
Chevron: Newground at AGM with Alec Baldwin, Roger Waters, Jody Williams
Chevron faced actor Alec Baldwin, rock star Roger Waters and Nobel Laureate Jody Williams arguing in support of shareholder proposals by Newground Social Investment aimed at improving the oil giant’s envirionmental, social and governance (ESG) practices. This is one for the corporate governance history books. How Trillium Asset Management voted at the meeting is displayed above. […]
Axon Enterprise 2020 Annual Director Election
Axon Enterprise 2020 annual meeting is 5/29/2020 at 10AM Pacific virtually by entering the eligible shareholder’s 16-digit control number found on the proxy card. To enhance long-term value: Vote AGAINST Kroll, Smith, Pay, Auditor. Vote FOR 4A&B Amendments, and Annual Election of Directors. See list of all virtual-only meetings maintained by ISS. Vote by 5/28 online or […]
Netgear 2020 Written Consent
Netgear 2020 annual meeting is 5/28/2020 at 10AM Pacific virtually by entering the eligible shareholder’s 16-digit control number found on the proxy card. To enhance long-term value: Vote AGAINST Lo, Graham, Roberts, Rossmann, Scherer, Auditor, Exec Comp, Equity Incentive Plan; FOR Written Consent. See list of all virtual-only meetings maintained by ISS. Vote by 5/27 to be […]
Facebook 2020 Shareholders Request Equal Votes
Facebook 2020 annual meeting is 5/27/2020 at 10AM Pacific virtually by entering the eligible shareholder’s 16-digit control number found on the proxy card. To enhance long-term value: Vote AGAINST Andreessen, Thiel, Zuckerberg, Auditor, Director Compensation. Vote FOR all shareholder proposals, especially Change in Shareholder Voting. See list of all virtual-only meetings maintained by ISS. Vote by 5/26 […]
Amazon 2020 Special Meetings & More
Amazon 2020 annual meeting is 5/27/2020 at 9AM Pacific virtually by entering the eligible shareholder’s 16-digit control number found on the proxy card. To enhance long-term value: Vote AGAINST Ryder. Auditor, Pay, 25% threshold, Viewpoint. Vote FOR all shareholder proposals except #12. See list of all virtual-only meetings maintained by ISS. (more…)
Illumina 2020 Political Disclosures
Illumina 2020 annual meeting is 5/27/2020 at 10AM Pacific, a virtual-only meeting. To enhance long-term value: Vote AGAINST Dorsa and Epstin, Auditor and Executive Pay. Vote FOR Political Disclosures. See list of all virtual-only meetings maintained by ISS. To have your vote count, vote by 5/26 or at the meeting on 5/27. (more…)
NextEra Energy 2020 Political Contributions & Written Consent
NextEra Energy 2020 annual meeting is 5/21/2020 at 6AM Pacific, the in-person meeting will be webcast. I am not sure if shareholders will be able to vote online during the meeting. To enhance long-term value: Vote AGAINST Camaren, Dunn, Robo, Schupp, Swanson, Executive Pay. Vote FOR Political Contributions Report, Written Consent. See list of all […]
American Tower 2020 Political Contributions & Spcial Meetings
American Tower 2020 virtual annual meeting is 5/18/2020 at 9AM Pacific. I am not sure if shareholders will be able to vote online during the meeting. To enhance long-term value: Vote AGAINST Dolan, Sharbutt, Auditor and Executive Pay. Vote FOR Political Contributions Report, Special Meetings. See list of all virtual-only meetings maintained by ISS. (more…)
Kansas City Southern 2020 Written Consent
Kansas City Southern 2020 annual meeting is 5/21/2020 at 7AM Pacific virtually by entering the eligible shareholder’s 16-digit control number found on the proxy card. To enhance long-term value: Vote AGAINST Druten and McDonnell. Vote FOR Auditor, Pay, and Written Consent. See list of all virtual-only meetings maintained by ISS. (more…)
BlackRock 2020: Corporate Purpose
BlackRock 2020 annual meeting is 5/14/2020 at 5AM Pacific virtually by entering the eligible shareholder’s 16-digit control number found on the proxy card. To enhance long-term value: Vote AGAINST Einhorn, Ford, Gerber, Johnson, Mills, Nixon, Slim Domit, Auditor, & Pay. Vote FOR Report Corporate Purpose. See list of all virtual-only meetings maintained by ISS. (more…)
Chipotle 2020: Shareholder & Worker Rights
Chipotle 2020 annual meeting is 5/19/2020 at 8AM Pacific virtually by entering the eligible shareholder’s 16-digit control number found on the proxy card. To enhance long-term value: Vote AGAINST Baldocchi, Niccol and Flanzraich, Auditor, Pay. Vote FOR Retention of Shares, Independent Chair, Report on Arbitration and Written Consent. See list of all virtual-only meetings maintained by ISS. (more…)
JPMorgan 2020 Financing Climate Destruction
JPMorgan 2020 annual meeting is 5/19/2020 at 7AM Pacific virtually. Presumably we will be able to vote by entering our 16-digit control number found on the proxy card. To enhance long-term value: Vote AGAINST Burke, Pay, Auditor, #8. Vote FOR other directors, other shareholder proposals. See list of all virtual-only meetings maintained by ISS. (more…)
Union Pacific 2020 Chair & Climate
Union Pacific 2020 annual meeting is 5/14/2020 at 6AM Pacific virtually by entering the eligible shareholder’s 16-digit control number found on the proxy card. To enhance long-term value: Vote AGAINST Card, Fritz, McCarthy and McLarty, Auditor, Pay. Vote FOR Independent Board Chair and Climate Report. See list of all virtual-only meetings maintained by ISS. (more…)
Lazonick Comments on Review of Predatory Value Extraction
The following extensive comments were submitted by William Lazonick, president of the Academic-Industry Research Network and UMass professor of economics emeritus, in response to my review of Predatory Value Extraction. This is dialogue a reviewer can only dream of, especially after already recieving a response from co-auther Jang-Sup Shin. More such exchanges with Shin, Lazonick, and others interested in […]
The Rhetoric and Reality of Shareholder Democracy
The Rhetoric and Reality of Shareholder Democracy was submitted by Jang-Sup Shin for publication in response to my post Predatory Value Extraction, a review of the book of that title by Professors Shin and Lazonick. Comments on The Rhetoric and Reality of Shareholder Democracy are invited in the box below. (more…)
Kenneth Steiner Continues Father’s Work
Kenneth Steiner provides a review of his stockholder activism in 2019…. accomplishments so far this year and a preview of his 2020 proxy season. This follows Bill Steiner – Legacy Continues. (more…)
Virtual Meeting Problems Highlighted by CII
Virtual meeting problems were highlighted in this excerpt from CII’s Weekly Governance Alert Vol 25, Issue 17 | April 30, 2020 by Rosemary Lally. I am reproducing below in order to ensure it gets wider distribution. Virtual meetings, in my experience, have been more problematic when hosted by Computershare than Broadridge but I have had […]
Bill Steiner – Legacy Continues
Bill Steiner Had Huge Impact Bill Steiner would have seen the 2020 proxy season as a busy and exciting one for individual shareholder activists. While the SEC considers changes (your comments can still have impact, even if submitted late) to reduce the influence of shareholders, so called “gadflies” continue to demonstrate leadership, effectiveness and ability […]
Predatory Value Extraction
Predatory Value Extraction: How the Looting of the Business Corporation Became the US Norm and How Sustainable Prosperity Can Be Restored (Kindle/Hardcover), by William Lazonick and Jang-Sup Shin, chronicles how agency theory and ‘maximizing shareholder value’ (MSV) led to looting of publicly traded companies. As many of us sit home waiting out the COVID-19 pandemic, […]
Bristol-Myers Squibb 2020
Bristol-Myers Squibb 2020 annual virtual meeting portal opens at 6:50AM Pacific time on May 5, 2020. To vote or ask questions, you will need your 16-digit control number. To enhance long-term value at BMY: Vote AGAINST Arduini, Emmens, Paliwal, Storch, Vousden, Pay, Auditor. Vote FOR Independent Chair, Shareholder Right to Act by Written Consent. VOTE! List of […]
Kimberly-Clark 2020 Proxy Votes
Kimberly-Clark 2020 annual meeting is 4/29/2020 at 7AM Pacific. To enhance long-term value: Vote AGAINST Bru, Decherd, Auditor. Vote FOR Shareholder Right to Act by Written Consent. Warning: Instructions for attending the meeting will be posted at https://investor.kimberly-clark.com. If you hold your shares through a broker, bank or other intermediary, and want to vote your […]
IBM 2020: Removal Only “For Cause”
IBM 2020 annual meeting is 4/28/2020, 7AM Pacific. To attend the virtual Annual Meeting, please visit: www.meetingcenter.io/244134877. To vote at the meeting, login with your unique 15-digit control number. To enhance long-term value: Vote AGAINST Michael L. Eskew, Andrew N. Liveris, Alex Gorsky, Martha E. Pollack, Joseph R. Swedish, Virginia M. Rometty, Sidney Taurel, Auditor, […]
COVID-19 Scapegoat at AGMs: AT&T Bans Phones
COVID-19 Scapegoat: AT&T Fears Virus Through Phone Lines? COVID-19 scapegoat – instant rationale for poor treatment of shareholder and proposal proponents at 2020 meetings. Like the President, they claim all the power but absolve themselves of any blame. AT&T (T) holds its annual general meeting (AGM) on Friday, April 24th. List of all virtual meetings kept by […]
Kellogg 2020 Proxy Votes
Kellogg 2020 annual meeting is 4/24/2020. To enhance long-term value: Vote AGAINST Steve Cahillane, Richard Dreiling, Exec Compensation, and Auditor. Vote FOR Employee Stock Ownership Plan, Declassify Board and Simply Majority Vote Standard. Warning: Don’t skip this vote. The affirmative vote of holders representing at least two-thirds of the voting power of outstanding common stock […]
Kokkinis and Sergakis: Employee Participation in UK Companies – Lessons for US
Kokkinis and Sergakis – A Flexible Model for Efficient Employee Participation in UK Companies by Andreas Kokkinis & Konstantinos Sergakis, 17 Feb 2020 (download), provides several insights that may be helpful in guiding US efforts as well. As mentioned in my coverage of the recent SHARE Summit, #SHARE2020, I am investing in public companies with employee ownership. […]
Skadden Scheme Exposed by Phil Goldstein
Skadden Scheme to Kill Shareholder Rights Skadden scheme exposed by Phil Goldstein, of Bulldog Investors, threatens to kill shareholder rights. While we were fighting COVID-19 and new rules proposed by the SEC to eviscerate shareholder rights Skadden, Arps, Slate, Meagher & Flom LLP has been plotting to effectively do away with the right of shareholders […]
MPT – Why Investors Might be Climate Allies: Corporate Governance Today
This is a bit daunting. I’m giving a lecture named after Adam Smith. In a college where the first Director of Studies in Economics was John Maynard Keynes. No pressure at all. Twenty-five years ago, I had an epiphany. I was, at the time, the New York City official in charge of investing the City’s […]
SEC Staff COVID-19 Guidance
SEC Staff COVID-19 Guidance was announced, probably at least in part, driven by a Rule14a-8 Coronavirus Letter Marh 11 pdf from the ICCR, US SIF and the Shareholder Rights Group. Guidance discusses virtual meetings, updating the time, date or location of a stockholder meeting and eliminates the federal securities law requirement that such change require […]