BlackRock, Vanguard and State Street Control a Piece of Nearly Everything

BlackRock, Vanguard and State Street collectively manage more than $20 trillion in assets. It’s not a political problem, but it might be an economic one.

#antitrust-laws-and-competition-issues, #blackrock-inc, #boards-of-directors, #bogle-john-c, #global-warming, #personal-finances, #shareholder-rights-and-activism, #standardpoors-500-stock-index, #state-street-corporation, #stocks-and-bonds, #united-states-economy, #vanguard-group-inc, #vivek-ramaswamy

How shareholders are pushing big banks for climate action

So far, many financial institutions have avoided decisive measures. But the pressure from activist shareholders isn’t going away.

#banking-and-financial-institutions, #global-warming, #greenhouse-gas-emissions, #internal-storyline-no, #internal-sub-only-nl, #shareholder-rights-and-activism

Warren Buffett Faces Renewed Climate Change Challenge by Investors

Mr. Buffett has pushed back against investors who want to force Berkshire Hathaway to do more to reduce greenhouse gas emissions.

#alternative-and-renewable-energy, #berkshire-hathaway-inc, #buffett-warren-e, #electric-light-and-power, #energy-and-power, #global-warming, #greenhouse-gas-emissions, #shareholder-rights-and-activism, #stocks-and-bonds

Twitter Grapples With an Elon Musk Problem

Mr. Musk, Twitter’s biggest shareholder, is free to buy more stock in the company and could use the platform against itself. Some employees are dismayed.

#agrawal-parag, #appointments-and-executive-changes, #boards-of-directors, #computers-and-the-internet, #musk-elon, #shareholder-rights-and-activism, #social-media, #stocks-and-bonds, #twitter

Carl Icahn Pushes McDonald’s to Change Way It Sources Its Pork

The billionaire investor has proposed two candidates for the company’s board. The company argues that his demands are unreasonable given the current U.S. pork supply.

#animal-abuse-rights-and-welfare, #icahn-enterprises-l-p, #icahn-carl-c, #mcdonalds-corporation, #pork, #restaurants, #shareholder-rights-and-activism, #stocks-and-bonds

Nelson Peltz Takes Aim at Unilever

An activist investor adds pressure as Unilever seeks a new strategic direction.

#glaxosmithkline-plc, #mergers-acquisitions-and-divestitures, #peltz-nelson, #shareholder-rights-and-activism, #stocks-and-bonds, #trian-fund-management-lp, #unilever-nv

Ifeoma Ozoma Blew the Whistle on Pinterest. Now She Protects Whistle-Blowers.

Ifeoma Ozoma, who accused Pinterest of discrimination, has become a key figure in helping tech employees disclose, and fight, mistreatment at work.

#apple-inc, #black-people, #computers-and-the-internet, #content-type-personal-profile, #discrimination, #facebook-inc, #google-inc, #ifeoma-ozoma, #law-and-legislation, #nondisclosure-agreements, #pinterest, #shareholder-rights-and-activism, #social-media, #whistle-blowers, #workplace-hazards-and-violations

Tesla to Move Headquarters to Texas from California

Elon Musk announced the move at the company’s annual shareholder meeting, hosted at a factory Tesla is building near Austin.

#automobiles, #boards-of-directors, #discrimination, #electric-and-hybrid-vehicles, #murdoch-james-r, #musk-elon, #musk-kimbal, #shareholder-rights-and-activism, #stocks-and-bonds, #tesla-motors-inc, #workplace-hazards-and-violations

How Much Longer Can Martin Shkreli Control a Pharma Firm From Prison?

A group of shareholders has set up a showdown with Martin Shkreli, who they say continues to exert influence over a pharmaceutical company from prison.

#appointments-and-executive-changes, #shareholder-rights-and-activism, #shkreli-martin-1983, #turing-pharmaceuticals-ag

Emergent BioSolutions Faces Investor Revolt Over Botched Vaccines

In the latest shareholder lawsuit, a pension fund accused executives at Emergent BioSolutions of insider trading. The company, under investigation by Congress, has halted manufacturing of Covid-19 vaccines at its Baltimore factory at regulators’ request.

#baltimore-md, #coronavirus-2019-ncov, #drugs-pharmaceuticals, #el-hibri-fuad, #emergent-biosolutions-inc, #factories-and-manufacturing, #johnsonjohnson, #maryland, #securities-and-commodities-violations, #shareholder-rights-and-activism, #stocks-and-bonds, #suits-and-litigation-civil, #vaccination-and-immunization

Biotech Company That Botched Vaccines Faces Investor Revolt

In the latest shareholder lawsuit, a pension fund accused executives at Emergent BioSolutions of insider trading. The company, under investigation by Congress, has halted manufacturing of Covid-19 vaccines at its Baltimore factory at regulators’ request.

#baltimore-md, #coronavirus-2019-ncov, #drugs-pharmaceuticals, #el-hibri-fuad, #emergent-biosolutions-inc, #factories-and-manufacturing, #johnsonjohnson, #maryland, #securities-and-commodities-violations, #shareholder-rights-and-activism, #stocks-and-bonds, #suits-and-litigation-civil, #vaccination-and-immunization

Ousting Toshiba Chairman, Foreign Investors Score Breakthrough in Japan

While Japan’s corporations have long resisted the entreaties of activist shareholders, Toshiba had come under intense pressure after a series of scandals.

#boards-of-directors, #japan, #shareholder-rights-and-activism, #toshiba-corporation

The Little Hedge Fund Taking Down Big Oil

An activist investment firm won a shocking victory at Exxon Mobil. But can new directors really put the oil giant on a cleaner path?

#2021-climate-issue, #alternative-and-renewable-energy, #boards-of-directors, #carbon-capture-and-sequestration, #content-type-personal-profile, #engine-no-1-gp-llc, #exxon-mobil-corp, #global-warming, #greenhouse-gas-emissions, #hedge-funds, #hydrocarbons, #james-chris-hedge-fund-manager, #oil-petroleum-and-gasoline, #penner-charlie-1972, #shareholder-rights-and-activism

Why Boaz Weinstein Paid Little in Income Tax

The multimillionaire Boaz Weinstein disclosed why he paid no or little taxes for several years.

#corporate-social-responsibility, #farhadian-weinstein-tali, #federal-taxes-us, #high-net-worth-individuals, #labor-and-jobs, #shareholder-rights-and-activism, #weinstein-boaz-r

Toshiba In Chaos After Bid to Foil Activist Shareholders

The industrial giant is in chaos after a hedge fund forced it to expose its collusion with high-level officials to thwart shareholder activism.

#effissimo-capital-management-pte-ltd, #foreign-investments, #japan, #meti-ministry-of-economics-trade-and-industry-japan, #politics-and-government, #shareholder-rights-and-activism, #suga-yoshihide, #toshiba-corporation

Huge Paydays for C.E.O.s, as Gap With Workers Widened

The gap between workers and C.E.O.s widened during the pandemic as public companies granted top executives some of the richest pay packages ever.

#airbnb, #bezos-jeffrey-p, #chesky-brian, #doordash-mobile-app, #equilar, #executive-compensation, #iac-interactivecorp, #karp-alex, #labor-and-jobs, #levin-joseph, #musk-elon, #opendoor-open-door-labs-inc, #palantir-technologies, #richison-chad, #shareholder-rights-and-activism, #su-lisa-1969, #tesla-motors-inc, #varner-michael, #wages-and-salaries, #wu-eric-c-1982, #xu-tony

Exxon Mobil Defeated by Activist Investor Engine No. 1

The energy giant’s stunning loss was the work of a tiny hedge fund that believes investing for social good is also good for the bottom line.

#blackrock-inc, #boards-of-directors, #engine-no-1-gp-llc, #exxon-mobil-corp, #global-warming, #greenhouse-gas-emissions, #hedge-funds, #oil-petroleum-and-gasoline, #shareholder-rights-and-activism, #state-street-corporation, #vanguard-group-inc

Exxon Board to Get a Third Activist Pushing Cleaner Energy

The new board member is likely to join two other candidates put forward by an activist investor who were declared winners last week.

#alternative-and-renewable-energy, #boards-of-directors, #engine-no-1-gp-llc, #exxon-mobil-corp, #oil-petroleum-and-gasoline, #shareholder-rights-and-activism

Big Setbacks Propel Oil Giants Toward a ‘Tipping Point’

A surprising mix of environmentalists, pension fund managers and big money investors have scored startling victories against oil and coal, opening new battle fronts in the climate fight.

#australia, #energy-and-power, #engine-no-1-gp-llc, #environment, #global-warming, #greenhouse-gas-emissions, #milieudefensie-nonprofit, #netherlands, #oil-petroleum-and-gasoline, #royal-dutch-shell-plc, #shareholder-rights-and-activism, #suits-and-litigation-civil, #united-states

How Exxon Lost a Board Battle With a Small Hedge Fund

The oil giant’s unexpected boardroom defeat by an activist investor hinged on a few key moments.

#boards-of-directors, #engine-no-1-gp-llc, #exxon-mobil-corp, #oil-petroleum-and-gasoline, #shareholder-rights-and-activism, #stocks-and-bonds, #woods-darren-w-1965

A Glimpse of a Future With True Shareholder Democracy

Big stock funds own increasingly large chunks of publicly traded companies, leaving fund shareholders without a vote on corporate governance. But there’s a better way.

#as-you-sow, #boards-of-directors, #coates-john-c-iv, #conflicts-of-interest, #gensler-gary-s, #mutual-funds, #regulation-and-deregulation-of-industry, #securities-and-exchange-commission, #shareholder-rights-and-activism

Warren Buffett Opposes Climate and Diversity Proposals for Berkshire

Berkshire Hathaway’s shareholders are expected to follow the chairman’s lead and reject demands for more disclosures.

#berkshire-hathaway-inc, #buffett-warren-e, #corporate-social-responsibility, #shareholder-rights-and-activism

Uber’s Bid for Grubhub Shows That Deals Aren’t Dead Yet

Mergers are taking a hit during the pandemic, but there’s still an appetite for certain types of transactions.

#alexion-pharmaceuticals-inc, #coronavirus-2019-ncov, #elliott-management, #grubhub-inc, #mergers-acquisitions-and-divestitures, #quarantine-life-and-culture, #shareholder-rights-and-activism, #uber-technologies-inc