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: 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 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 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 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&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 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 – 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. […]