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Tag: PROXY

person with boarding pass in airport

Southwest Airlines Makes Concessions to Thwart Proxy War

person with boarding pass in airport

Southwest Airlines has long cherished its reputation for doing air travel differently than other major characters. Among its most famous quirks, Southwest has been known for its open-seating policy. Loved by some travelers and reviled by ot...

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spotlights

Deere Looks to Nix DEI-Related Shareholder Proposals

spotlights

This past summer, Deere & Co., the manufacturer of John Deere lawnmowers, became a poster child for the backlash against corporate DEI programs, ditching its efforts in the face of a public pressure campaign. The company is now trying t...

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DNA double helix

Mass Resignation of 23andMe Directors Caps Year Beset by Board Drama

DNA double helix

In the latest example of board-related drama in a year riddled with it, embattled genetic testing company 23andMe was dealt yet another blow last week when all seven of its independent directors resigned en masse over disagreements about th...

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Nighttime shot of Disney's Epcot Center

Activist Investor Jockeys to ‘Restore Magic’ at Disney Amid Proxy Fight

Nighttime shot of Disney's Epcot Center

House of Mouse beware the machinations of Batman and Robin. Activist investor Nelson Peltz, CEO of Trian Fund Management and a longtime agitator of brand-name corporations, has launched a campaign to “restore the magic” at the Walt Disney C...

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Two unrolling fern fronds

ESG Shareholder Proposals Gain Surprisingly Strong Support

Two unrolling fern fronds

A familiar scene unfolded at the annual shareholder meeting of oil giant BP in London last month when demonstrators derailed the proceedings less than 10 minutes after chairman Helge Lund started his opening remarks. Security officers dragg...

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