All articles tagged with #shareholder support
Originally Published 19 days ago — by Business Insider
Tim Cook, Apple CEO and Nike board member, bought $3 million worth of Nike shares, nearly doubling his stake, which boosted Nike's stock and signaled support for CEO Elliott Hill's turnaround efforts amid challenges like declining sales in China and tariff impacts.
Originally Published 2 months ago — by Bloomberg.com
Tesla's chair Robyn Denholm stated it's too early to determine if shareholders will support Elon Musk's proposed $56 billion pay package, which is up for a vote at the upcoming November 6 meeting. Despite proxy advisories recommending against the package, past support for Musk's compensation suggests uncertainty. The package aims to align Musk's interests with Tesla's long-term growth, but opposition remains from proxy firms. Meanwhile, Tesla promotes its innovations, including the Optimus robot and a new robotaxi, to boost investor confidence.
Originally Published 1 year ago — by Hollywood Reporter
George Lucas has thrown his support behind Disney CEO Bob Iger and the company's board in their ongoing proxy fight against activist investors, emphasizing that "creating magic is not for amateurs." Lucas, a significant Disney shareholder, urged other shareholders to vote for Disney's 12 directors. His backing adds to the support from the family of Walt and Roy Disney and shareholder services firm Glass Lewis. Disney is facing a proxy fight from activists Nelson Peltz and Blackwells Capital, with Peltz having billions of dollars in shares pledged by Ike Perlmutter, who also sold his company (Marvel) to Disney.
Originally Published 2 years ago — by Reuters
Activist investor Carl Icahn is expected to win enough shareholder support to install at least one of his three nominees to Illumina's board, with preliminary vote tallies showing that Icahn nominee Andrew Teno has won enough shareholder support to get on the board. Icahn, who owns 1.4% of Illumina, has accused the board of poor oversight, especially with regards to the company's $7.1 billion acquisition of cancer test maker Grail, which he blames for Illumina losing $50 billion in market value.