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31 Jan 2011, 8:23 am by Ted Allen
In a notable display of investor discontent, a majority of investors voted against Jacobs Engineering Group's compensation practices at the company's Jan. 27 annual meeting. [read post]
10 Aug 2009, 6:32 am
Recently released vote results indicate that investors at two more U.S. companies gave majority support to shareholder proposals seeking annual advisory votes on executive compensation. [read post]
9 Jul 2007, 8:03 am
Director Roger Headrick retired from CVS/Caremark's board after a labor pension fund called for his ouster and complained that he would not been elected without the help of undirected "broker" votes. [read post]
10 Aug 2007, 7:50 am
Former Brocade Communications CEO Gregory Reyes, the first executive to go on trial for backdating stock options, was convicted Aug. 7 on 10 felony counts, including securities fraud, conspiracy, and filing false financial statements. [read post]
16 Jun 2010, 9:34 pm by Ted Allen
During joint House-Senate negotiations on Wednesday evening over financial reform legislation, Senator Christopher Dodd, the lead Senate negotiator, said Senate conferees had agreed to drop a provision to require public companies to have a majority voting threshold in uncontested director elections. [read post]
20 May 2010, 12:06 pm by Ted Allen
Earlier today, Senate Democrats finally mustered enough votes to limit debate on Senator Christopher Dodd’s sweeping financial reform bill, clearing the way for a final vote on the 1,600-page legislation later this week. [read post]
12 Jun 2009, 12:40 pm
The CtW Investment Group has called on the board at Pulte Homes to reverse its decision to seat three directors--Debra J. [read post]
9 May 2011, 11:38 am by Ted Allen
The American Federation of State, County, and Municipal Employees and RAM Trust are urging investors to vote against the pay practices of ExxonMobil at the oil giant’s May 25 meeting. [read post]
17 Feb 2012, 1:22 pm by Ted Allen
Earlier this week, Western Union announced that it would offer a management proposal to declassify its board at next annual meeting. [read post]
4 Feb 2010, 11:38 am by Ted Allen
Bank of America has agreed to pay a $150 million fine and adopt governance reforms, including an annual advisory vote on compensation, to resolve the U.S. [read post]
26 Dec 2006, 6:42 am
A federal judge has dismissed claims by Enron investors against Alliance Capital Management that arose from the service of Alliance executive Frank Savage on the energy company's board. [read post]
26 Apr 2011, 6:39 pm by Ted Allen
On Tuesday, Navigant Consulting reported that it received just 44.8 percent support during its advisory vote on compensation. [read post]
22 Feb 2010, 12:30 pm by Ted Allen
The Council of Institutional Investors (CII) is asking its members to lobby Senate Banking Committee members to keep proxy access and majority voting provisions in the financial reform legislation that is now before the panel.Senator Christopher Dodd, who chairs the committee, is expected to release a revised draft of legislation, the “Restoring American Financial Stability Act of 2009,” later this week, according to CII. [read post]
3 Jun 2010, 11:51 am by Ted Allen
Once again, Wal-Mart Stores, the world's largest retailer, is a magnet for shareholder activism.Six investor proposals on a variety of governance and social topics will be on the ballot when the Arkansas-based company holds its annual meeting on Friday. [read post]