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Shareholder

All articles tagged with #shareholder

business20 days ago

Billionaire Battles and Hostile Bids Shape Warner Bros. Discovery's Future

Paramount's amended takeover offer for Warner Bros. Discovery was deemed insufficient by a major WBD shareholder, who called for Paramount to increase its incentives to compete with Netflix in the bidding war. Despite the new proposal including a $40.4 billion financing guarantee and increased breakup fee, WBD advised shareholders to hold off on action, as the core financial terms remained unchanged from a previous rejected bid.

via Deadline|
#bidding-war#business#paramount
business1 year ago

"Nelson Peltz Gains Major Support in Disney Board Battle"

Proxy advisory firm ISS recommended shareholders elect Nelson Peltz to the Walt Disney board, dealing a blow to the entertainment conglomerate in a bitter battle over board seats. Peltz, a large Disney shareholder, is vying for two board seats and has garnered support from prominent business executives. The fight over who will help guide Disney, valued at $213 billion, has intensified as the annual meeting date approaches, with both sides rallying support and ISS arguing for more outside oversight to ensure Disney's future success after CEO Bob Iger leaves.

via New York Post |
#board-battle#business#disney
entertainment1 year ago

"George Lucas Supports Disney and CEO Bob Iger in Proxy Battle"

George Lucas, Disney's largest individual shareholder, has voiced his support for CEO Bob Iger and the company's board amid an ongoing proxy battle with activist investors, urging shareholders to re-elect the directors at the upcoming shareholder meeting. Lucas emphasized his confidence in Iger's leadership and Disney's long-term value, countering the pushback from activist investor groups seeking to replace current board members with their nominees.

via IGN|
#bob-iger#disney#entertainment
business1 year ago

"Elon Musk and Tesla Shareholder Seek Stay of Pay Ruling Amid $56B Package Appeal"

Elon Musk and a Tesla shareholder are seeking to pause a court ruling voiding Musk's $56 billion pay package until an appeal is resolved. They will propose a final order for approval by the judge, including a petition for legal fees, likely to be among the largest ever. If approved, Musk would have 60 days to file an appeal with the Delaware Supreme Court, which could take at least six months to resolve. The ruling rescinded Musk's stock options-based pay package, with the court finding that he improperly controlled the negotiation process and shareholders lacked information when they approved the package in 2018.

via New York Post |
#appeal#business#elon-musk
business1 year ago

"Elon Musk's Battle: Challenging Corporate Norms from Pay Packages to Incorporation"

Elon Musk and a Tesla shareholder are seeking a stay of a ruling that voided Musk's $56-billion pay package until an appeal is resolved. The shareholder's attorney indicated that both sides will agree to a stay if they can reach a deal on an appeal bond. Musk has criticized the ruling and intends to appeal, with the final order and legal fee petition to be proposed to the judge by March 1. If approved, Musk would have 60 days to file an appeal with the Delaware Supreme Court, which could take at least six months to resolve.

via Reuters|
#appeal#business#elon-musk
business1 year ago

"Delaware Court Cancels Elon Musk's $56 Billion Tesla Pay Package"

A judge in Delaware has cancelled the $55.8bn pay deal awarded to Elon Musk by Tesla in 2018, ruling it as "an unfathomable sum" that was not fair to shareholders and the process leading to its approval as "deeply flawed". The lawsuit was filed by a shareholder who argued that it was an overpayment. The ruling can be appealed to the Delaware Supreme Court, and shares in Tesla were down by around 2.5% in extended New York trade following the decision.

via BBC.com|
#business#elon-musk#lawsuit
business2 years ago

Altria Group, Inc. Boosts Quarterly Dividend to $0.98 Per Share

Altria Group, Inc. has announced a 4.3% increase in its regular quarterly dividend to $0.98 per share, up from $0.94 per share. The dividend will be payable on October 10, 2023, to shareholders of record as of September 15, 2023. The new annualized dividend rate is $3.92 per share, reflecting a dividend yield of 9.1%. This increase aligns with Altria's progressive dividend goal and marks the 58th dividend increase in the past 54 years.

via Altria|
#altria-group#annualized-dividend-rate#business
personal-advice2 years ago

Navigating Uncomfortable Social Situations: From Retirement Dinners to Nosy Friends

A shareholder in a small firm who is disliked by the other shareholders due to their exclusionary behavior wants to avoid a retirement dinner with them. They believe any speeches from the cliquey group would be insincere, and they would prefer not to have a farewell dinner at all. The advice given is to politely inform the other shareholders of their preference to leave without a dinner and simply depart on their final day of employment.

via MLive.com|
#cliques#dinner#personal-advice
business2 years ago

Fox News faces legal and journalistic crisis over election coverage.

A shareholder of Fox Corp, Robert Schwarz, has filed a lawsuit against Rupert Murdoch and other board members for failing to uphold the company's ethical reputation during Fox News' coverage of the 2020 election. Schwarz alleges that Fox News reported false and dangerous misinformation about the election, prioritizing short-term ratings and market share over the long-term damages of its failure to tell the truth. Fox Corp is also facing a $1.6 billion lawsuit from Dominion Voting Systems, which alleges that the network knowingly aired false information about its software being promoted by former President Trump's allies and associates.

via The Hill|
#2020-election#business#fox-corp
business2 years ago

Investor Sues Murdochs and Fox Board Over Election Coverage and Dominion Claims.

A Fox Corp shareholder has sued Chairman Rupert Murdoch and four other board members, alleging that they failed to stop Fox News from reporting falsehoods about the 2020 US presidential election that damaged its credibility and prompted lawsuits. The lawsuit seeks damages for the company from Rupert Murdoch, his son and Fox Chief Executive Lachlan Murdoch, and fellow directors Chase Carey, Roland Hernandez and Jacques Nasser. The board's failure to act on "red flags" subjected the network to defamation claims by two voting technology companies that Fox reported were involved in a conspiracy to steal the US presidential election from Trump.

via Reuters.com|
#2020-us-presidential-election#business#fox-corp