Author Archive | James McRitchie

Alphabet: Another Democracy Vote

Alphabet Democracy

Alphabet’s Corporate Governance

At the June 7 annual shareholder meeting of Alphabet, shareholders will vote for a sixth year in a row to weigh in on tech-giant Alphabet’s unequal voting structure. Today is the last day to vote without attending the meeting tomorrow.

Shareholders are expected to vote in favor of the Recapitalization Plan for all Stock to Have One-vote per Share the but winning depends on getting far more than a majority vote. It means those holding shares with out-sized votes being willing to yield their power. What will make them see the value of more democratic corporate governance? The election is more symbolism than real. Still, symbolism can be powerful. Continue Reading →

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SciClone Pharmaceuticals Proxy Voting Guide

SciClone Pharmaceuticals Proxy Voting Guide by CorpGov.net. SciClone Pharmaceuticals, Inc. (SCLN), a specialty pharmaceutical company, provides therapies for oncology, infectious diseases, and cardiovascular disorders in the People’s Republic of China, the United States. SciClone Pharmaceuticals is one of the stocks in my portfolio. ProxyDemocracy.org had collected the votes of no fund families when I checked and voted. Their annual meeting is coming up on June 8, 2017.SciClone Pharmaceuticals

SciClone PharmaceuticalsI voted FOR #5 proxy access, proposed by me, James McRitchie. See how and why I voted this and other items below. I voted with the Board’s recommendations 80% of the time. View proxy via SEC’s EDGAR system (look for DEF 14A).

Read Warnings below. What follows are my recommendations on how to vote the proxy in order to enhance corporate governance and long-term value. Continue Reading →

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Salesforce.com Proxy Voting Guide

Salesforce Proxy Voting Guide

Salesforce Proxy Voting Guide by CorpGov.net

Salesforce.com, inc. develops enterprise cloud computing solutions with a focus on customer relationship management.  Salesforce.com, inc. (CRM) is one of the stocks in my portfolio. ProxyDemocracy.org had collected the votes of three fund families when I checked and voted. Their annual meeting is coming up on June 6, 2017

I voted FOR #7 the ability of shareholders to call a special meeting. See how and why I voted other items below. I voted with the Board’s recommendations 59% of the time. View Proxy Statement via SEC’s EDGAR system (look for DEF 14A). Continue Reading →

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Cognizant Technology Solutions Proxy Voting Guide

Cognizant Technology Solutions Proxy Voting Guide

Cognizant Technology Solutions Proxy Voting Guide

Cognizant Technology Solutions Proxy Voting Guide by James McRitchie of CorpGov.net. Cognizant Technology Solutions Corporation (CTSH) provides information technology (IT), operations and technology consulting, infrastructure, and business process services worldwide. The firm is one of the stocks in my portfolio. ProxyDemocracy.org had collected the votes of two fund families when I checked and voted. Their annual meeting is coming up on June 6, 2017

I voted FOR James McRitchie’s shareholder proposal to provide a shareholder’s right to act by written consent. See how and why I voted other items below. I voted with the Board’s recommendations 76% of the time. View Proxy Statement via SEC’s EDGAR system (look for DEF 14A). Continue Reading →

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Netgear Proxy Voting Guide – NTGR

Netgear Proxy Voting Guide

Netgear Proxy Voting Guide by CorpGov.net

Netgear Proxy Voting Guide by James McRitchie of CorpGov.net. NETGEAR, Inc. (NTGR) designs, develops, and markets innovative networking solutions and smart connected products for consumers, businesses, and service providers. NTGR one of the stocks in my portfolio. ProxyDemocracy.org had collected the votes of one fund family when I checked and voted. Their annual meeting is coming up on June 1, 2017.Netgear Proxy Voting Guide

I voted FOR James McRitchie’s shareholder proposal to provide a right to special meeting for shareholders with 15% of the common voting stock. See how and why I voted other items below. I voted with the Board’s recommendations 64% of the time. View Proxy Statement via SEC’s EDGAR system (look for DEF 14A). Continue Reading →

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Facebook Proxy Voting Guide

Facebook Proxy Voting GuideFacebook Proxy Voting Guide by James McRitchie of CorpGov.net. Facebook, Inc. provides various products to connect and share through mobile devices, personal computers, and other surfaces worldwide. Facebook is one of the stocks in my portfolio. ProxyDemocracy.org had collected the votes of two fund families when I checked and voted. Their annual meeting is coming up on June 1, 2017.

I voted AGAINST the Board’s recommendations 100% of the time. Until all stock has equal voting weight (vote FOR #3 to cure), Facebook will remain essentially a dictatorship. Facebook is in the sharing business. How about sharing some of that enormous power with shareholders, users and employees? As a democratic-free zone, Facebook faces a potential backlash, especially if other options become available. View Proxy Statement via SEC’s EDGAR system (look for DEF 14A). Continue Reading →

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Williams-Sonoma Proxy Voting Guide

Williams-Sonoma 2017 proxyWilliams-Sonoma Proxy Voting Guide by CorpGov.net. Williams-Sonoma, Inc. (WSM) operates as a multi-channel specialty retailer of various products for home.  Williams-Sonoma  is one of the stocks in my portfolio. ProxyDemocracy.org had collected the votes of one fund family when I checked and voted. Their annual meeting is coming up on May 31, 2017.

I voted AGAINST #5 lite proxy access, FOR #6 real proxy access, proposed by me. See how and why I voted other items below. I voted with the Board’s recommendations 57% of the time. View proxy via SEC’s EDGAR system (look for DEF 14A). Continue Reading →

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Exit to Democratic Ownership: Draft Presentation

Exit to Democratic Ownership

Exit to Democratic Ownership

Exit to Democratic Ownership; here is a preview of my presentation to the annual meeting of Twitter shareholders, to be held on May 22, 2017, at 1355 Market Street, San Francisco, California 94103. The meeting starts at 10 AM. Bring photo ID. 

I am James McRitchie, speaking in favor of proposal #4, Exit to Democratic Ownership, co-filed with Steffen Sauerteig of Germany on behalf of thousands of users around the world as a part of BuyTwitter.org and #WeAreTwitter. Shareholders or members of the press interested in contacting me after this meeting, can email [email protected]

We are part of a world-wide movement to save Twitter from losing sight of its mission and being turned into another democratic-free zone.

Twitter’s stated mission is

To give everyone the power to create and share ideas and information instantly, without barriers.

That mission is very connected to democracy. Twitter is spreading First Amendment rights around the world. Access to information and the exercise of free speech are key to government and an Internet “by and for the people.” Continue Reading →

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CalPERS Muzzles Critics: Michael Flaherman Runs

CalPERS Muzzles Critics

CalPERS Muzzles Critics

CalPERS muzzles critics. The following editorial appeared in the Sacramento Bee on May 25, 1999. The editorial references a “technical violation of board rules” by then Chairman William Crist. Actually, it was a clear violation of the rules, which prohibited changes to candidate statement after submission. No candidate in the history of CalPERS had ever been allowed to change anything in their statement, not even correct small grammatical errors. With the permission of staff, Mr. Crist was allowed to change his statement to address ethical concerns about him that I had raised in my statement. The election was not overturned because CalPERS rules required proof the results of an illegally conducted election would have been different had the rules not been violated. Proof might be obtained in a case of ballot stuffing but not candidate statement rewriting. How can you prove results would have been different in a fair election?

Addendum to CalPERS muzzles critics. Two of those later named in a bribery scandal also voted to muzzle candidates. (As bribery case continues, CalPERS reaps profits from tainted investments, Sacramento Bee, July 24, 2014.) The growing corruption I alluded to in my campaign was real. 

Now I am delighted to learn Michael Flaherman, the only CalPERS director elected by members who stood against the effort by the CalPERS Board to muzzle critics, is running in the upcoming election. See Critic of Wall Street Fees to Leave Calpers Board and my comments in the May 19, 2017 WSJ. If elected, Flaherman will be independent and effective. He has my endorsement, without reservation. Continue Reading →

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Co-ops, Twitter, Democracy: Coalition Letter

Co-ops Twitter & Democracy

Co-ops Twitter & Democracy

The following is a coalition letter on Twitter, Co-ops and Democracy — specifically on our proxy proposal #4 Exit to Democratic Ownership. Take Action: vote before midnight Sunday (San Francisco time) by phone or electronic proxy OR vote on Monday at the Twitter annual meeting in San Francisco.

This is part of the #WeAreTwitter movement, well documented at BuyTwitter.org. I’m pasting the letter below and related links below that. Thanks to all who signed our letter. If the campaign continues at the annual meeting in 2018, I’m sure signatories will at least double.


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Chipotle Proxy Voting Guide

Chipotle Proxy Voting GuideChipotle Proxy Voting Guide by CorpGov.net. Chipotle Mexican Grill, Inc. (CMG), together with its subsidiaries, develops and operates Chipotle Mexican Grill restaurants. As of December 31, 2016, the company operated 2,198 Chipotle restaurants throughout the United States, as well as 29 international Chipotle restaurants; and 23 restaurants with non-Chipotle concepts. Chipotle  is one of the stocks in my portfolio. ProxyDemocracy.org had collected the votes of four fund families when I checked and voted. Their annual meeting is coming up on May 25, 2017. Chipotle Mexican Grill

I voted FOR #5 lower Special Meeting threshold from 25% to 15% of shares. See how and why I voted other items below. I voted with the Board’s recommendations 58% of the time. View proxy via SEC’s EDGAR system (look for DEF 14A). Continue Reading →

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PayPal Proxy Voting Guide

PayPal Proxy Voting GuidePayPal Proxy Voting Guide by CorpGov.net. PayPal Holdings, Inc. (PYPL) operates as a technology platform company that enables digital and mobile payments on behalf of consumers and merchants worldwide. PayPal is one of the stocks in my portfolio. ProxyDemocracy.org had collected the votes of three fund families when I checked and voted. Their annual meeting is coming up on May 24, 2017.PayPal

I voted FOR #5 Provide Right to Act by Written Consent and two shareholder proposals seeking reports. See how and why I voted other items below. I voted with the Board’s recommendations 40% of the time. View proxy via SEC’s EDGAR system (look for DEF 14A). Continue Reading →

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Twitter Proxy Voting Guide

Twitter Proxy Voting Guide

Twitter Proxy Voting Guide by CorpGov.net

Twitter Proxy Voting Guide by CorpGov.net. Twitter, Inc. operates as a global platform for public self-expression and conversation in real time. The company offers various products and services, including Twitter that allows users to create, distribute, and discover content; and Periscope, a mobile application that enables user to broadcast and watch video live with others. Twitter is one of the stocks in my portfolio. ProxyDemocracy.org had collected the votes of one fund families when I checked and voted. Their annual meeting is coming up on May 22, 2017. I will be in attendance, presenting our proposal to study cooperatives, so stop by and say hello.

Of course I voted FOR our proposal entitled Exit to Democratic Ownership, filed in conjunction with BuyTwitter.org. Add to the collective intelligence by tweeting #WeAreTwitter. Follow @BuyThisPlatform. See how and why I voted this and other items below. I voted with the Board’s recommendations 43% of the time. View Proxy Statement via SEC’s EDGAR system (look for DEF 14A). Continue Reading →

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California Diversity Forum 2017: Part 2

CalPERS and CalSTRS sponsored the California Diversity Forum in Sacramento (“America’s Most Diverse City”) on Wednesday, May 12, 2017, bringing together investment and corporate executives to discuss how to better capitalize on the abilities of the diverse modern workforce. Diversity is both morally right and profitable. Narrowing the global gender gap would add $12 trillion in annual gross domestic product to global growth (McKinsey Global Institute).

What follows are my cryptic notes from the Diversity Forum. Sometimes they are just phrases I captured that may not mean so much out of context. Maybe it will be just enough to mark your calendar for next year’s Forum. More coverage at Part 1 and on Twitter at #CADiversityForum. I loved the fact that for once, I didn’t have to travel thousands of mile. Nice to have such an event in my own hometown.

Diversity Forum: The Corporate Perspective

Yee, Parcella, Chiames, Hymes

Betty Yee, Babriela Parcella, Paul Chiames, and Victor Hymes

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