Archive | May, 2012

ProxyVote.com Encourages Zombie Voting

Proxyvote.com encourages voting by retail shareholders by allowing them to, with one click, set all votes “for” a corporate board’s recommendations, from electing directors and approving executive pay to adopting anti-takeover defenses. Are they just facilitating voting by a group, “whose participation in corporate elections has been in decline of late,” as Broadridge claims, or […]

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Netflix: How I Voted – Proxy Score 20%

Netflix (NFLX) ($NFLX) is one of the stocks in my portfolio. Their annual meeting is coming up on 6/1/2012. Voting ends 5/31 on Moxy Vote’s proxy voting platform, which had 7 recommendations “from good causes,” including 3 consolidations, when I checked and voted on 5/24. ProxyDemocracy.org had 4 (more…)

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De-emphasizing Pay for Performance

It is common knowledge that people are not driven solely by the prospect of financial rewards. Yet, in business, motivational tools for top executives—particularly the CEO—almost singularly comprise financial incentives. In 1980, only 10 percent of the UK’s largest FTSE100 companies utilized incentive arrangements (in the form of cash and stock-based variable pay). Today, they […]

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Wal-Mart: How I Voted – Proxy Score 10%

Wal-Mart Stores (WMT) ($WMT) is one of the stocks in my portfolio. Their annual meeting is coming up on 6/1/2012. Voting ends 5/31 on Moxy Vote’s proxy voting platform, which had 8 recommendations “from good causes,” including 3 consolidations, when I checked and voted on 5/24. ProxyDemocracy.org had 4 funds voting.  I voted with management 10% of the time. (more…)

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Valeant Pharmaceuticals International (VRX): How I Voted – Proxy Score 33 Revised 5/24/2012

Valeant (VRX) ($VRX) is one of the stocks in my portfolio. Their annual meeting is coming up on 5/30/2012. Voting ends 5/29 on Moxy Vote’s proxy voting platform, which had 3 recommendations “from good causes” when I checked and voted on 5/23 but 2 were consolidations of the one. ProxyDemocracy.org had 0 funds voting.  I voted with management 33% of the […]

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Dreamworks Animation (DWA): How I Voted – Proxy Score 64

Dreamworks Animation (DWA) ($DWA) is one of the stocks in my portfolio. Their annual meeting is coming up on 5/29/2012. Voting ends 5/28 on Moxy Vote’s proxy voting platform, which had 4 recommendations “from good causes,” including 2 consolidations, when I checked and voted on 5/22. ProxyDemocracy.org had 1 fund voting.  I voted with management 64% of the time. (more…)

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Links+ Updated: Relational Investors

I’ve updated what I call the Relational Investors portion of our Links+ page. These investment organizations come and go every month, although some have been around since 1995 when CorpGov.net began. At least as of May 22, 2012, the list is fairly comprehensive… although I’m sure many are missing. With all the other information we have […]

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Goldman Sachs (GS): How I Voted – Proxy Score 13

Goldman Sachs ($GS) is one of the stocks in my portfolio. Their annual meeting is coming up on 5/24/2012. Voting ends 5/23 on Moxy Vote’s proxy voting platform, which had 13 recommendations “from good causes,” but five are actually consolidations, when I checked and voted on 5/21. ProxyDemocracy.org had  funds voting.  I voted with management 13% of the time. (more…)

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Amazon (AMZN): How I Voted – Proxy Score 86

OK, my own brother just called to complain that my advice is coming too late, so I’ll try to post at least a couple of days before meetings. Thanks David. Amazon ($AMZN) is one of the stocks in my portfolio. Their annual meeting is coming up on 5/24/2012. Voting ends 5/23 on Moxy Vote’s proxy voting platform, […]

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Juniper Networks (JNPR): How I Voted – Proxy Score 62

Juniper Networks ($JNPR) is one of the stocks in my portfolio. Their annual meeting is coming up on 5/22/2012. Voting ends 5/21 on Moxy Vote’s proxy voting platform, which had five recommendations “from good causes,” including two consolidations, when I checked and voted on 5/19. ProxyDemocracy.org had four funds voting.  I voted with management 62% of the time. (more…)

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Gilead Sciences (GILD): Report from the AGM

Gilead Sciences ($GILD) is one of the stocks in my portfolio. I previously blogged about how I voted. Last week, I attended their annual meeting on 5/10/2012 to present John Chevedden’s proposal #4 to allow shareowners to act by written consent. This is an important governance feature allowing shareowners to take action in times of emergency between […]

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Weathering a Crisis: Weil in Silicon Valley

On May 8, 2012, Weil, Gotshal & Manges LLP’s Silicon Valley office hosted a one day symposium on Weathering a Crisis for corporate leaders and general counsel. Panel discussions focused on how to effectively handle a crisis before it becomes public; how to navigate the media while preserving your company’s public image; and how to implement sound […]

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Waste Connections ($WCN): How I Voted – Proxy Score 67

Waste Connections ($WCN) is one of the stocks in my portfolio. Their annual meeting is coming up on 5/18/2012. Voting ends 5/17 on Moxy Vote’s proxy voting platform, which had no recommendations when I checked and voted on 5/15. ProxyDemocracy.org had only 1 fund voting but it was CalSTRS, one of my favorites. I voted with management 67% of the […]

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Upcoming Proxy Access Votes

Loren Steffy, of the Houston Chronicle, and Sean Quinn, of the ISS Governance Institute, had recent posts about proxy access and upcoming votes. At Hewlett Packard a shareholder access proposal was withdrawn after the company agreed to sponsor a (more…)

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Home Depot (HD): How I Voted – Proxy Score 86

Home Depot ($HD) is one of the stocks in my portfolio. Their annual meeting is coming up on 5/17/2012. Voting ends 5/16 on Moxy Vote’s proxy voting platform, which listed 10 “good causes,” but four were consolidations, when I checked and voted on 5/14. ProxyDemocracy.org had only 1 fund voting. I voted with management 86% of the time. (more…)

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Monitoring: Which Institutions Matter?

Worth taking another look, especially in light of the likely upcoming transition at Canadian Pacific (Bill Ackman: ‘A Stake in the Ground, Globe & Mail, 5/11/2012): Li, Kai, Harford, Jarrad and Chen, Xia, Monitoring: Which Institutions Matter?, Available at SSRN.  (more…)

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Wanted: CalSTRS Portfolio Manager

Work with a great group of people concerned with the sustainability at a comfortable salary in a calm environment (relative to New York). When applying for this position, please note on your application: Position #815-350-4697-002 RPA (11-415).  (more…)

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Gilead Sciences (GILD): How I Voted – Proxy Score 44

Gilead Sciences (GILD) is one of the stocks in my portfolio. Their annual meeting is coming up on 5/10/2012. Voting ends 5/9 on Moxy Vote’s proxy voting platform, which listed 8 “good causes,” but three were consolidations, when I checked and voted on 5/8. ProxyDemocracy.org had 4 funds voting.Gilead scores 44 out of 100, since I voted with management on […]

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Dow Chemical (DOW): How I Voted – Proxy Score 44

Dow Chemical (DOW) is one of the stocks in my portfolio. Their annual meeting is coming up on 5/10/2012. Voting ends 5/9 on Moxy Vote’s proxy voting platform, which listed four “good causes,” including two consolidations, when I checked and voted on 5/7. ProxyDemocracy.org had two funds voting. DOW scores 44 out of 100, since I voted with management on only 44% […]

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Union Pacific (UNP): How I Voted – Proxy Score 13

Union Pacific (UNP) is one of the stocks in my portfolio. Their annual meeting is coming up on 5/10/2012. Voting ends 5/9 on Moxy Vote’s proxy voting platform, which listed nine “good causes,” but three were consolidations, when I checked and voted on 5/7. ProxyDemocracy.org had 1 fund voting.UNP scores 13 out of 100, since I voted with management on only […]

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