A nice piece appeared in The Wall Street Journal this week covering ‘Say-on-Pay’ proposals, their prevalency in European countries, and the implications of a Barack Obama victory this November.
Certainly the soup du jour for the 2008 proxy season, executive pay-related shareholder proposals should receive an added boost with the new SEC-mandated CD&A (Compensation Discussion and […]
I have had some time to ruminate over Take-Two chairman Strauss Zelnick’s public statement, turning down Electronic Arts’ $26 per share bid.
His statement was as follows:
“Electronic Arts’ proposal provides insufficient value to our shareholders and comes at absolutely the wrong time given the crucial initiatives under way at the company.”
What does “the wrong time” mean? Is […]
Another potential major proxy fight on our hands? Perhaps.
Take-Two’s chairman Strauss Zelnick proudly declared yesterday, “Electronic Arts’ proposal provides insufficient value to our shareholders and comes at absolutely the wrong time given the crucial initiatives under way at the company.” $26 per share is not enough. In other words, Strauss must think the entire stock […]
Famous shareholder activist Carl Icahn is moving slowly to speak. Despite the announcement three weeks ago, still no action on his blog.
Dominic Jones at the IR Web Report hits another homerun with his great piece detailing the problems with the e-proxy system.
Despite its popularity with IR departments and efficiency in delivery, e-proxy systems are surprisingly not that popular with investors.
For more, click here.
As predicted earlier, the Microsoft-Yahoo ordeal is slowing turning into what could be the most fascinating proxy contest ever.
The Washington Post provides a great piece today on the strategy involved for Microsoft. Perhaps for the first time ever, a proxy contest has been called a “less-expensive alternative” (see the math in the 2nd paragraph). In […]
If you’ve ever wondered how companies view and prepare for annual shareholder meetings, Business First of Louisville offered a great article this weekend after interviewing officials at Texas Roadhouse, Humana, and ResCare.
Subscription is required, so let me pass along two juicy items:
Texas Roadhouse noted that last year’s annual meeting lasted 7 minutes. Yes, the entire meeting. I have attended […]
J. Robert Brown at The Race to the Bottom pens a great article on the SEC and its failure to highlight proxy access as a main initiative in 2008.
According to Brown, this could very well backfire, causing shareholder activists to lobby for even greater power and control.
For more, click here.
Very funny post written by Dominic Jones at IR Web Report, poking fun at Yahoo’s investor relations department.
As the poorer little brother to Yahoo’s media relations department, Yahoo’s IR department is wasting shareholder dollars while implementing a shoddy strategy.
For more, click here.
Kudos to Sprint Nextel for awarding a board seat to activist investor Ralph Whitworth.
Whitworth, who’s firm owns almost 2% of Sprint Nextel, has a history of agitating for change and promoting asset sales to increase shareholder value.
Sprint Nextel appears ripe for this kind of improvement. The split headquarters is a dreadful situation, a decision suffering from paralysis […]
