SOC Takes on SBUX: Finally, The First ESG Proxy Contest Under UPC For over a year, we and others speculated that ESG proponents would pounce on universal proxy cards (UPC) as a way to escalate efforts to exert influence over companies. Since UPC became mandatory in September 2022, we have seen exactly zero proxy contests […]
Ownership: Reinventing companies, Capitalism, and Who Owns What by Corey Rosen and John Case should be read by every director on the board of public pension funds. I (James McRitchie) am planning to send a copy to all the board members of CalPERS once newly elected members take office next year. In celebration of […]
Sharing Profits is Not Enough Professor Reich but you are getting warmer. Your hook was that Sears workers owned 25%. Then you imagine what that magnitude of ownership could mean at Amazon. The spoiler was you then began touting cash bonuses, rather than stocks. True, having ALL retirement tied to one stock is risky. That […]
SEC to Protect Shareholder Rights in 2021 Shareholder rights in 2021 will strengthen if recent speculation is realized. U.S. Senate Democrats aim to undo Trump-era shareholder voting rights rule. Shareholder Rights in 2021: History As discussed elsewhere on CorpGov.net (Review: Carl Gershenson). After its founding, the SEC was largely a champion of shareholder rights, requiring companies […]
Proposal #4 aims at increasing diversity by adding a worker to the pool of candidates to be considered for the Board. The idea is to increase the voice of “partners.” We’ve been listening and seeing how important partners are to Starbucks. (more…)
Empowering Employees 2021 through workers on boards, workers councils, director liaisons, and/or ESOP trusts. Help us move to more democratic workplace cultures. (more…)
A Gender Pay Scorecard released by Arjuna Capital f0r Equal Pay Day finds only Citigroup earning an “A” grade, while 23 of 46 large companies evaluated got failing grades of “F.” (more…)
Starbucks Corp (SBUX), operates as a roaster, marketer, and retailer of specialty coffee worldwide. Most shareholders do not vote because reading through 70 pages of the proxy is not worth the time for the small difference your vote will make. Below, I tell you how I am voting and why. If you have read these posts […]
Peter Georgescu’s Capitalists Arise!: End Economic Inequality, Grow the Middle Class, Heal the Nation correctly identifies short-termism and a focus on stock price as a problem contributing to growing wealth inequality. His solutions depend on enlightened managers and boards to transform how America does business by taking all stakeholders into account, not just shareholders. I say, don’t […]
There has been much controversy in recent years surrounding the dual role of chair and CEO. The number of independent chair shareholder proposals seeking to separate the two positions has increased significantly and continues to rise. Both Disney and Starbucks have faced this issue in the past and shareholders once again have proposed to split […]
Starbucks Corporation $SBUX, is one of the stocks in my portfolio. Their annual meeting is coming up on 3/19/2014. ProxyDemocracy.org had collected the votes of two funds when I checked and voted on 3/9/2014. I voted with management 44% of the time. View Proxy Statement. (more…)
Starbucks ($SBUX) is one of the stocks in my portfolio. Their annual meeting is coming up on 3/20/2013. ProxyDemocracy.org had collected the votes of six funds when I checked on 3/15/2012. I voted with management 56% 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 […]
Starbucks (SBUX) is one of the stocks in my portfolio. Their annual meeting is on 3/21/2012. Voting ends 3/20 on MoxyVote.com‘s platform, which listed recommendations from eight “good causes,”including four consolidations. ProxyDemocracy.org had three fund families voting but is easier to view. (more…)
Starbucks Corporation (NASDAQ:SBUX) held its annual meeting in front of a 2000-strong crowd in its hometown Seattle yesterday – and if you weren’t able to be there in person you could tune in to a video webcast and live tweeting session to stay in the loop. via Starbucks tweets annual meeting, holds results | IR […]
I waited until almost the last minute hoping to get proxy advice from my usual sources, ProxyDemocracy.org and MoxyVote.com. However, little has been forthcoming… nothing from Proxy Democracy as I write this. Based on Moxy Vote information and recommendations from As You Sow, I went ahead and voted against two directors: Howard Schultz and Javier G. Teruel. I voted […]