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Ford’s top executives took heat from shareholders over their plan to do away with sedans as we know them in Ford’s North American lineup, as the company held its annual meeting Thursday. Critics said the plan to shelve the Fiesta, Focus and Taurus, reduce the Focus to one crossover model, and concentrate on high-margin trucks […]
REUTERS Companies that consistently buyback their shares outperform those that regularly pay dividends, according to Citi’s Tobias Levkovich. Buybacks have helped support stocks at times when mutual funds and other large investors backed off. Critics of buybacks say that they’re often done solely to meet Wall Street’s earnings-per-share estimates and help company executives earn bonuses […]
REUTERS Companies that consistently buyback their shares outperform those that regularly pay dividends, according to Citi’s Tobias Levkovich. Buybacks have helped support stocks at times when mutual funds and other large investors backed off. Critics of buybacks say that they’re often done solely to meet Wall Street’s earnings-per-share estimates and help company executives earn bonuses […]
SAN FRANCISCO/BOSTON — Shareholders of electric car company Tesla approved a compensation package potentially worth $ 2.6 billion for Chief Executive Officer Elon Musk on Wednesday, though by a lower margin than U.S. CEOs typically receive on pay votes. Excluding votes by Musk and his brother Kimbal, the measure passed with about 73 percent of […]
Reuters Apple held its annual shareholder’s meeting at its new California headquarters on Tuesday. Apple CEO Tim Cook discussed investing in the US but provided no details. Shareholders voted to approve all the board members for new terms, and voted against shareholder proposals seeking to make Apple form a human rights committee and to make […]
(Reuters) — Apple shareholders Jana Partners and the California State Teachers’ Retirement System are urging the smartphone maker to take steps to address what they say is a growing problem of young people getting addicted to Apple’s iPhones, Jana partner Charles Penner said. Jana, a leading activist shareholder, and CalSTRS, one of the nation’s largest […]
A New York lawyer who advised pharmaceutical businessman Martin Shkreli may be heading to prison after a federal jury convicted him of helping his client to defraud shareholders to pay back previously defrauded investors. Evan Greebel, who served as outside counsel to Retrophin Inc., the biopharmaceutical company formerly run by Shkreli, was convicted Wednesday on […]
LIKE the ghosts that haunted Ebenezer Scrooge, the scandals of years past—summoned up by angry shareholders—will not let companies rest. In Britain this year, the Royal Bank of Scotland (RBS) paid £900m ($ 1.2bn) to settle a long-running investor lawsuit related to the bank’s behaviour at the time of the financial crisis of 2007-08. Also […]
Rolet: who knows? ACTIVIST hedge funds like Elliott Management, Cevian Capital or The Children’s Investment Fund (TCI) are famed for pushing for change at the companies they buy into. A favoured tactic is to install a new chief executive at a floundering firm. So it is odd to find a fund lobbying for an existing […]
Netflix raised its prices for US subscribers on Thursday and its stock took off, hitting an all time high of $ 194.39 per share by the end of the day. The price bump took the standard tier up to $ 10.99 from $ 9.99, and the premium tier to $ 13.99 from $ 11.99. The […]
