Tag #Shareholder Activism

Showing 13 to 24 of 31 results

cnn.com
🌐 85% Global Worthiness
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Shareholders Reject Anti-DEI Proposals, Underscoring Support for Diversity Initiatives

Shareholders at major companies like Costco, Apple, and Goldman Sachs overwhelmingly rejected proposals to eliminate or audit their DEI programs, demonstrating investor confidence in the business value of DEI and pushing back against activist shareholder agendas.

Progress

36% Bias Score

Reduced Inequality
forbes.com
🌐 75% Global Worthiness
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BP Stock Plummets, Activist Investor Pushes for Oil and Gas Focus

BP's stock price has plummeted 32.42% year-to-date, significantly underperforming competitors like Shell and ExxonMobil. This prompted activist investor Elliott Investment Management to take a stake, leading to a strategic reset focusing on oil and gas, job cuts, and a shareholder revolt at BP's ann...

Progress

64% Bias Score

Climate Action
theglobeandmail.com
🌐 85% Global Worthiness
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SEC Shifts Power from Investors to Corporate Boards

The SEC, under acting chair Mark Uyeda, implemented new policies making it harder for investors to initiate corporate reforms on issues such as climate change and director elections, by increasing regulatory burdens on passive funds, limiting investor communication, and making it easier for companie...

Progress

52% Bias Score

theglobeandmail.com
🌐 85% Global Worthiness
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Elliott's $5 Billion BP Stake Prompts Strategic Reset

Elliott Investment Management, managing $70 billion, acquired a nearly 5% stake in BP, prompting BP to announce a strategic reset and potentially leading to significant divestments; this follows similar large investments in Honeywell and Phillips 66, showcasing Elliott's pattern of targeting major c...

Progress

40% Bias Score

Decent Work and Economic Growth
abcnews.go.com
🌐 85% Global Worthiness
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Major Corporations Defy Shareholder Pressure, Maintain DEI Programs

Costco, Goldman Sachs, and JPMorgan Chase publicly defended their diversity, equity, and inclusion (DEI) initiatives against shareholder pressure, while other companies are ending similar programs amidst a broader national debate on the value and legality of such programs.

Progress

48% Bias Score

Gender Equality
dailymail.co.uk
🌐 75% Global Worthiness
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Weinstein's Bid to Oust Herald Investment Trust Board Fails

Shareholders of the £1.3 billion Herald Investment Trust overwhelmingly rejected a proposal by Boaz Weinstein's Saba Capital to replace the board, dealing a major blow to Weinstein's campaign targeting seven London-listed trusts and highlighting strong shareholder engagement.

Progress

48% Bias Score

Reduced Inequality
theguardian.com
🌐 85% Global Worthiness
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Drax Shareholder Meeting Disrupted by Biomass Protesters

Drax's annual shareholder meeting in London was shut down after approximately 10-20 activists protested the company's use of woody biomass for electricity generation, alleging environmental injustices and questioning data accuracy, leading to claims of stifled dissent and safety concerns.

Progress

52% Bias Score

Climate Action
smh.com.au
🌐 85% Global Worthiness
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WiseTech Founder Promoted Despite Unacceptable Conduct Allegations

WiseTech founder Richard White, facing allegations of inappropriate relationships and misleading disclosures, was promoted to executive chairman despite the board deeming his conduct "unacceptable"; this decision led to four independent directors resigning and raises concerns about corporate governa...

Progress

64% Bias Score

Gender Equality
foxnews.com
🌐 85% Global Worthiness
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Costco Faces Legal Reckoning Over Extensive DEI Program

Costco is facing mounting legal challenges and potential multi-billion dollar lawsuits for its extensive DEI program, which prioritizes race and gender in hiring, supplier selection, and donations, despite recent setbacks for similar programs at other major corporations.

Progress

80% Bias Score

Reduced Inequality
dailymail.co.uk
🌐 85% Global Worthiness
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Costco Shareholders Reject Anti-DEI Proposal

Costco shareholders overwhelmingly rejected (98%+) a proposal to investigate its DEI policies, defying political pressure and suggesting strong investor support for the company's approach to diversity and inclusion.

Progress

56% Bias Score

Gender Equality
dailymail.co.uk
🌐 85% Global Worthiness
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Herald Investment Trust Defeats Takeover Bid, Exposing Regulatory Gaps

Minority investors in Herald Investment Trust overwhelmingly rejected a takeover bid by Saba's Boaz Weinstein, highlighting shortcomings in industry body AIC, regulator FCA, and investment platforms' responses; the vote's success impacts six other targeted trusts.

Progress

44% Bias Score

Reduced Inequality
elpais.com
🌐 75% Global Worthiness
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Telefónica Chairman to Receive €23 Million Severance

Telefónica's chairman, José María Álvarez-Pallete, will receive a €23 million severance package upon his departure, as per his contract, which includes four years of salary and bonuses, but prohibits him from working for a similar company for two years.

Progress

48% Bias Score

Reduced Inequality

Showing 13 to 24 of 31 results