Tag Archives | Sharegate

Retail Shareowners – Facilitating Votes and Activism: Part 2

Engaging Retail Inestors

Image from retailinvestorconferences.com

In part 2 of a post on facilitating votes and activism by retail shareowners I continue to speculate on what could be done to improve the situation by recalling some of the better features of major efforts to date and possible improvements that would help conscientious shareowners. As Mark Latham reminded me after yesterday’s part 1,

We retail shareowners own all of the shares traded in the United States — 1/3 directly through buying shares and 2/3 indirectly through our investments in institutions like mutual and pension funds. Those two modes of ownership result in very different patterns of voting on director elections and other shareowner decisions…

That’s why Proxy Democracy et al are so important: They help us vote our directly owned stock better (in our interests), and they help us push intermediaries to vote our indirectly owned stock better (in our interests)…
Somehow this reminds me of the saying “All politics is local.” In this case: “All stock ownership is retail.”

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Retail Shareowners – Facilitating Votes and Activism: Part 1

Engaging Retail Inestors

Image from retailinvestorconferences.com

Retail shareowners own about 1/3 of shares traded in the United States but vote only about 1/3 of the shares we own. As Nell Minow once quipped, “you can lead a shareholder to a lot of dense material, but you can’t make them read it.” (Video Friday: SEC Proxy Voting Roundtable) Our voting influence is much smaller than it could be. If more retail shareowners not only voted but participated in discussions on corporate governance and in filing shareholder proposals, that might lead to greater accountability of managers and boards. Continue Reading →

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Using Sharegate: The Next Great Shareholder Communications Platform

sharegateOne way to use Sharegate is to announce your proxy votes. Far too many retail shareowners just trash their proxies instead of using them. A common misconception is that shareowners should take the Wall Street Walk and sell if they are displeased with any aspect of a company they own. That is like saying you should pack up and move out of the neighborhood if you think there should be a stop sign at the end of the block.  Continue Reading →

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2013 Millstein Forum: New Communication Tech – Help or Hinderance?

Communication Technology Panel

The following are cryptic notes and a few photos taken at the 2013 Millstein Forum held June 24 & 25 at Columbia Law School. Be sure to check out the Forum’s photo gallery with links to other materials as well.

For the panel on social media the moderator was John A. Seethoff, Vice President and Deputy General Counsel, Assistant Secretary, Microsoft Corporation. (Wow, check out the interviews with each board member on Microsoft’s website. I’m impressed!) Continue Reading →

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Reeds, Inc. (REED): My 1st Attempt to Collaborate Through Sharegate

sharegateReedsI’ve started to use Sharegate.com to network with other shareowners around specific companies. The first company I’m working on through Sharegate is Reeds (REED). I think our company’s product line is strong but management and the board appear to be weak in distribution skills. After years of refining and growing their fine products, #REED still is not profitable.

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Sharegate Launches New Era of Shareowner Communications

SharegateBetaSharegate Inc., a new company that offers the investment community a modern and powerful financial social network, announced its launch recently, opening enrollment in the network to the general public.

Sharegate is an information exchange platform that connects individual and instititional investors, publicly traded companies and other special interest groups. This platform allows companies to present information, interact more directly with their shareholders and gives institutional and individual investors the opportunity to provide feedback and exchange information with these companies – and each other. According to the company’s founder, Argus Cunningham: Continue Reading →

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Facebook Inc ($FB) – Proxy Score 9

Facebook Inc ($FB) is one of the stocks in my portfolio. Their annual meeting is coming up on 6/11/2013. ProxyDemocracy.org had collected no votes when I checked on 6/5/2013.  I voted with management 9% of the time.  View Proxy Statement. Senator Warren recently called on the exchanges to block companies with unequal voting structures from listing. Too bad that didn’t happen years ago.

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Lewis Gilbert's Dividends and Democracy Still Timely

If you know anything about Lewis D. Gilbert, you probably know that when he attended his first shareowner’s meeting, at New York City’s Consolidated Gas Company in 1932, he was ignored by the chairman when trying to ask a question. Gilbert felt he had been “publicly humiliated by one of my own employees.” He quit his job and established a new avocation, “devoting all my time to the cause of the public shareholder.” Shareowners of today owe Gilbert a debt of gratitude, since we benefit from his victories. However, we should also live by his admonition, “Rights are won by exercising them. Rights are lost by default when they are not used.” Continue Reading →

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