Shareholders at Google have put forward three proposals of their own to be voted on at the company’s annual meeting, according to the search-engine’s proxy filed today with the SEC.
One, offered by the Teamsters, proposes that the company Read the rest of this entry »
Seagate Technology, the Cayman Islands disk drive maker that operates out of Scotts Valley, today announced that it is terminating five senior vice-presidents and 17 vice-president-level employees Read the rest of this entry »
Intel will be the first Silicon Valley company among the vanguard of public companies in the United States that will ask shareholders this year to express their approval or disapproval of the way the company compensates its top executives.
The announcement came via Read the rest of this entry »
Advocates of having public companies allow their investors to express their opinion on the compensation packages provided to their top executives enter the 2009 proxy season with a head of steam. Read the rest of this entry »
One of the three proxy advisory services recommended today that Cisco System stock owners vote in favor of a shareholder proposal that the company’s board of directors opposes.
The proposal, put forward by Boston Common Asset Management, requests that “the board publish a report to shareholders, within six months, providing a summarized listing and assessment of concrete steps the company could reasonably take to Read the rest of this entry »
A class-action lawsuit against KLA-Tencor and various of its current and former directors and officers over stock option backdating was dismissed last week, providing a full release of the company and the named defendants, but not before the company paid $65 million “for the benefit of the settlement class”: namely folks who bought KLA-Tencor stock from Read the rest of this entry »
A study of the nation’s largest institutional investors says that the “majority” of them do not support “say-on-pay” efforts to require shareholder votes on executive compensation, according to the Center on Executive Compensation, which says it is “dedicated to developing and promoting principled pay and governance practices and advocating compensation policies that serve the best interests of shareholders and other corporate stakeholders.”
In fact, “only a quarter of the institutions” queried were in favor of say-on-pay proposals.” The study also claims that large institutional investors are “not generally” concerned with Read the rest of this entry »
Shareholders of IXYS voted down the company’s proposed 2008 Equity Incentive Plan at the company’s annual shareholder meeting on Friday, according to a filing the Milpitas chip maker made Monday. The company’s board of directors adopted the new plan in May and was seeking approval from shareholders for reserving Read the rest of this entry »
Rackable Systems, the Milpitas maker of energy-efficient servers used in data centers, said earlier this week that results from its shareholder meeting late last month show that it prevailed over dissident shareholder Richard Leza.
Leza was so incensed by the compensation doled out by the board over the last year — including stock-based pay for the company’s new chief executive valued at nearly $13million — that he invested a good deal of his own time and money to wage a proxy battle tohave himself and another outside candidate elected to Rackable’s board, and to pass a proposal he made to give shareholders an opportunity each year approve the top executive’s pay. Read the rest of this entry »
In a possible sign of waning shareholder activism, SunPower successfully asked the owners of its stock to allow them to automatically increase the number of shares each year in the company’s employee stock plan without having to seek shareholder approval, according to a filing Wednesday. Read the rest of this entry »
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