Tag Archives | controlled company

Bio-Rad Laboratories: Proxy Score 25

Bio-RadBio-Rad Laboratories, Inc. (NYSE:BIO, $BIO) manufactures and supplies products and systems used for the life science research, healthcare, analytical chemistry and other markets. It is one of the stocks in my portfolio. Their annual meeting is coming up on April 26, 2016. ProxyDemocracy.org had collected the votes of two funds when I checked. Vote AGAINST the directors who own no shares in Bio-Rad and FOR my shareholder proposal to adopt proxy access. I voted with the Board’s recommendations 25% of the time. View Proxy Statement.

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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How I Voted: Scripps Networks Interactive (SNI) – Proxy Score 25%

Scripps Networks Interactive, Inc. ($SNI) is one of the stocks in my portfolio. Their annual meeting is coming up on 5/14/2013. ProxyDemocracy.org had collected the votes of four funds when I checked on 5/9/2013.  I voted with management 25% of the time.  View Proxy Statement (no hyperlinked index… no index at all). Warning: Be sure to vote each item on the proxy. Any items left blank are voted in favor of management’s recommendations. (See Broken Windows & Proxy Vote Rigging – Both Invite More Serious Crime) Continue Reading →

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TD Ameritrade: How I Voted – Proxy Score 0%

TD Ameritrade Holding Corp.  ($AMTD) is one of the stocks in my portfolio. Their annual meeting is coming up on 2/13/2013. ProxyDemocracy.org had collected the votes of only two funds when I voted on 2/7/2012.  I voted with management 0% of the time.  View Proxy Statement. Warning: Be sure to vote each item on the proxy. Any items left blank will be voted in favor of management’s recommendations. (See Don’t Let Companies Change Shareholders’ Blank Votes) Continue Reading →

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Controlled Companies Carry Negatives

A new study finds that controlled companies – particularly those with multiple classes of shares – generally underperform over the long term. As compared to companies with dispersed ownership, controlled companies experience more stock price volatility, increased material weakness in accounting controls, more related party transactions, and offer fewer rights to unaffiliated shareholders. The study results challenge the notion that multiclass voting structures benefit a company and its shareowners over the long term. Continue Reading →

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