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Western Union Co. (WU) unveiled a proposal to declassify its board structure and said it won’t submit a management proposal for proxy access at its 2012 annual meeting, according to a Dow Jones report. (Western Union Plans To Declassify Board, Drops …
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Corporations are separate legal entities that have privileges that are distinct from its members, and they enjoy limited liability (at least most of the time). Although corporations are not “natural persons,” they have rights and responsibilities as do people. They …
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When fighting for the issues you believe in passionately, your message needs to be understood before it can be heard. It is not enough to be the most informed, or the loudest, or even just right. If your audience can’t …
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Reuters reports that “Chevron Corp. and eight other corporations were sued by shareholders for adopting a bylaw that requires common types of shareholder lawsuits be brought exclusively in Delaware’s Chancery Court.” So-called “exclusive forum” bylaws are being adopted by an increasing …
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At the TheShareholderActivist.com, we are determined to help level the playing field for the regular investor, providing the tools, tactics and techniques to facilitate your responsible shareholder activism. I am very pleased to report that our subscribers are responding. Earlier …
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Making Sense of Dodd-Frank reports that Western Union (WU) submitted a no-action letter to the SEC seeking exclusion of Norges Bank’s proposal pursuant to Rule 14a-8(i)(9) because the proposal directly conflicts with a proposal to be submitted by Western Union at the …
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Let’s get ready to rumble! Shareholder proposals (or the formal recommendations for a publicly-traded company to take a certain course of action, submitted by a shareholder) have a minimal chance of passage when brought before a vote during the annual …
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Last year, KBR sued investor and USPX member John Chevedden after he submitted a proxy proposal seeking annual elections, rather than the current system of staggered three year terms. As reported by Ted Allen of ISS: Rather than go through the …
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Sometimes one has to get out while the getting’s good. Divestment can be more important than investment for the long-term viability of a company, or a family, after a company has been privatized. Shedding potentially lethal positions is the sign …
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Union Square Ventures doesn’t want resumes from investment analyst applicants. Instead, the New York venture-capital firm—which has invested in Twitter, Foursquare, Zynga and other technology companies—asked applicants to send links representing their “Web presence,” such as a Twitter account or …
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