Tag Archives | annual

Schwab 2025 - Declassify the Board

Schwab 2025: Declassify the Board

Why Hasn’t Schwab Acted on Shareholder Support to Declassify the Board? According to the Schwab 2025 opposition statement, James McRitchie’s shareholder proposal to declassify Schwab’s Board received majority support. In response, our Board introduced its own proposal  — which also gained majority support but narrowly missed the company’s unusually high 80% supermajority threshold. And then… […]

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Evasive Shareholder Meetings: Foxhole Contest Continues

When a company moves its shareholder meeting to a remote location, it is often associated with bad news, according to Evasive Shareholder Meetings (NBER Working Paper No. 19991) by Yuanzhi Li and David Yermack. The study finds that “companies are more likely to announce unfavorable quarterly earnings in the aftermath of long-distance meetings, and these […]

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