Archive for the 'Morgan Stanley' Category

Proxy challenger’s key failing: no alternative

On Monday, just one day before Morgan Stanley’s annual shareholder meeting, The Wall Street Journal printed a revealing article titled “Boards Give Up Taming Act“.
The article details how boards are less reluctant to fight dissident shareholders, often inviting these shareholders onto the board at an increasing rate.
The key insight offered is that the dissident shareholders have been promoting more […]

Vote No, Say on Pay fails at Morgan Stanley

Almost lost in yesterday’s major media coverage of Motorola and Yahoo announcements was Morgan Stanley’s shareholder meeting today, where a campaign had been mounted by a union pension advisor, CtW Investment Group.
CNBC is reporting this morning that both the Vote No campaign and the Say on Pay campaign have failed.  With 85% of the shareholder […]

Another uprising at Morgan Stanley?

Shareholders are barking up the tree again in advance of next week’s annual shareholder meeting at Morgan Stanley.
The Wall Street Journal writes a great piece detailing the efforts of CtW Investment Group, the investment arm of labor federation Change to Win.  CtW is urging a “vote no” against three directors:  Chairman/CEO John Mack,  Robert Kidder, and […]