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July 25, 2008 8:12:51 AM CDT


Stories related to: shareholders

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Stories 1 - 20 of 36

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  • July 2008
    • Rumors About Jobs' Health Hit Ghoulish Point

      Rumors About Jobs' Health Hit Ghoulish Point

      Speculation about the state of Steve Jobs' health is reaching fever pitch, and the scramble to know more is over the top, Tom Krazit writes in CNET. Shareholders, concerned by the Apple CEO's recent weight loss and the fact that he once had pancreatic cancer, are calling for full disclosure. But as long as it's not a liability to the firm, Jobs' health should be a private matter, Krazit insists. More »

      Tags

      Apple   Steve Jobs   shareholders   CEO   pancreatic cancer

    • Yahoo Takes Icahn Fight to Homepage

      Yahoo Takes Icahn Fight to Homepage

      A new button on Yahoo's homepage links users to the company's case against activist investor Carl Icahn, PC World reports. Icahn is seeking to unseat Yahoo's board at its Aug. 1 general meeting. The page links to voting forms and leaves shareholders in no doubt how the company thinks they should vote: A purple banner carries the Icahn quote, "It's hard to understand these technology companies." More »

      Tags

      Yahoo   Jerry Yang   Carl Icahn   shareholders   proxy battle   takeover bid

  • May 2008
    • Feds Approve Icahn's Yahoo Stock Buys

      Feds Approve Icahn's Yahoo Stock Buys

      The Federal Trade Commission gave Carl Icahn approval to purchase additional chunks of Yahoo stock, part of the activist investor's plan to gain control of the company's board and perhaps force a sale, MarketWatch reports. Icahn already owns 59 million Yahoo shares and options and is reportedly seeking 93 million more (a $2.5 billion value). More »

      Tags

      Microsoft   Yahoo   Carl Icahn   shareholders   proxy battle   billionaire   investor

    • Shareholders Rubber-Stamp Bear Selloff

      Shareholders Rubber-Stamp Bear Selloff

      The buyout of Bear Stearns neared finality today with 84% of shareholders voting in favor of acquisition by JPMorgan Chase, the Wall Street Journal reports. Chairman James Cayne shared his feelings publicly with shareholders about the bank’s demise for the first time: "I personally apologize,” he stated, "I'm sorry. Words can't describe the feelings that I feel." More »

      Tags

      credit crisis   Bear Stearns   JPMorgan Chase   shareholders   liquidity   investment bank   James Cayne

    • Rockefellers Pump Exxon Execs for Changes

      Rockefellers Pump Exxon Execs for Changes

      Executives at Exxon are bracing for an onslaught from the Rockefeller family, whose patriarch founded the oil firm’s predecessor a century ago, the Wall Street Journal reports. Led by John D. Rockefeller’s great-granddaughter, the family wants Exxon to pursue renewable forms of energy and appoint an independent chairman. More »

      Tags

      global warming   oil   shareholders   ExxonMobil   John D. Rockefeller   Rockefeller family   Rex Tillerson

    • Yahoo Postpones Boardroom Showdown

      Yahoo Postpones Boardroom Showdown

      Yahoo has pushed back its annual shareholder meeting for a second time, reports Forbes , delaying a showdown for control of its board. One of Yahoo's 10 directors resigned yesterday, leaving nine up for re-election at the meeting. Carl Icahn has nominated an alternate slate of directors, including himself, and will try to push through a deal with Microsoft if victorious. More »

      Tags

      Yahoo   Carl Icahn   shareholders   proxy battle   board of directors

    • UBS to Lay Off 8,000, Add $11.4B to Writedowns

      UBS to Lay Off 8,000, Add $11.4B to Writedowns

      Swiss banking giant UBS will lay off some 10% of its 83,000 workforce and scale back its investment banking arm in an attempt to reassure shareholders that it's taking actions to curtail losses associated with the subprime debacle, reports Bloomberg. Switzerland's largest bank says it will detail a further $11.4 billion in first-quarter writedowns in its earnings report tomorrow—bringing the total to $38 billion over the past three quarters. More »

      Tags

      shareholders   banking   UBS   layoffs   writedowns   subprime mortgage crisis

    • Thousands Line Up for Buffett's So-So News

      Thousands Line Up for Buffett's So-So News

      Thousands of stockholders descended on Omaha for today's annual Berkshire Hathaway meeting, but what they heard didn't send Blackberries abuzz, the Wall Street Journal reports. Warren Buffett said his iconic company won’t be pulling in double-digit returns anymore. “Anyone that expects us to come close to replicating the past should sell their stock,” he said. “It's not going to happen.” More »

      Tags

      shareholders   Warren Buffett   quarterly earnings   Omaha   Oracle of Omaha

  • April 2008
  • March 2008
    • Bear Stearns Jumps on Hope for Higher JPMorgan Bid

      Bear Stearns Jumps on Hope for Higher JPMorgan Bid

      Bear Stearns shares jumped 23% today on hopes that stockholders will reject JPMorgan's bailout offer in favor of a higher offer, Bloomberg reports. The surge moved the price to nearly three times the current value of the fire-sale bid, which one major stockholder termed "derisory." "There's every incentive for shareholders to vote 'no' the first time," said one analyst. More »

      Tags

      credit crisis   Bear Stearns   JPMorgan Chase   shareholders   shares

    • Gore to Net a Convenient Profit in IPO

      Gore to Net a Convenient Profit in IPO

      CurrentTV is going public, and that means big money for founder Al Gore. But something about the deal rubs Rob Grover of BusinessWeek the wrong way. Gore is drawing a big salary, even though the little-watched channel is losing money, and the share distribution is decidedly undemocratic—Gore and CEO Joel Hyatt will get enough Class B shares to out-vote everyone else. More »

      Tags

      Al Gore   IPO   shareholders   corporate governance   Current TV

    • Steve Jobs: Brilliant Tyrant

      Steve Jobs: Brilliant Tyrant

      Steve Jobs is an undisputed Silicon Valley superstar, but his genius has a price, Fortune reports. Jobs is a risk-taking, short-tempered tyrant, and those foibles make Apple a potential rollercoaster for investors. Jobs threatened the company—and his own freedom—in two separate backdating scandals, and, reports the magazine, risked his own life by long avoiding treatment for his pancreatic cancer. More »

      Tags

      Apple   Steve Jobs   shareholders   pancreatic cancer   CEOs   corporate governance   Pixar   stock option backdating   backdating scandal

    • Investors Angered as WaMu Shields Exec Bonuses

      Investors Angered as WaMu Shields Exec Bonuses

      Washington Mutual’s directors have decided to limit the hit its executive management team can take from the subprime credit fiasco, setting cash bonus targets that exclude costs from foreclosures and mortgage-related losses, reports the Wall Street Journal. The move angered some shareholders who’ve seen their investment shrink as WaMu’s stock plunged 70% in the past year. More »

      Tags

      housing market   subprime crisis   shareholders   executive compensation   Washington Mutual   bonuses   WaMu

    • Apple Shareholders Demand Say on Executive Pay

      Apple Shareholders Demand Say on Executive Pay

      Apple shareholders have approved a motion giving them some input into executive pay levels, the San Francisco Chronicle reports. "I hope it will help me with my $1 a year salary," quipped CEO Steve Jobs after the vote at the company's annual meeting—though Jobs bags millions of dollars worth of stock options and other perks on top of his token salary. More »

      Tags

      Apple   Steve Jobs   shareholders   salary   AFL CIO   stock options

  • February 2008
    • Move to Nationalize UK Bank Sparks Fury

      Move to Nationalize UK Bank Sparks Fury

      Furious shareholders concerned about the risk to their investments are blasting the British government's decision to nationalize ailing Northern Rock bank. The British Treasury is expected to face lengthy legal action from investors once the government formally announces details of the takeover today. Trading in bank shares is being suspended, and the government takeover could be completed within the week. Taxpayers have already forked over billions of dollars to prop up the troubled financial institution. More »

      Tags

      investors   shareholders   Richard Branson   Alistair Darling   bailout   Virgin   nationalization   British Bankers Association

    • Yahoo Loses Leverage as Google Ad Deal Fades

      Yahoo Loses Leverage as Google Ad Deal Fades

      A potential advertising deal linking Google and Yahoo is losing steam because of Google's concerns over regulatory scrutiny, reports the Wall Street Journal, and that in turn removes one lever Yahoo hoped to use to boost Microsoft's buyout bid . Yahoo’s second largest shareholder, meanwhile, said yesterday that Microsoft’s takeover likely will succeed, but at a higher price than the $41.7 billion, or $31 per share, offered. More »

      Tags

      Google   Microsoft   Yahoo   mergers and acquisitions   online advertising   shareholders

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