Securities regulators will let Exxon Mobil block shareholders from voting on a proposal that the company disclose goals for reducing greenhouse gas emissions.
California governor criticizes PG&E’s plan for new board
SACRAMENTO, Calif. (AP) — California Gov. Gavin Newsom said Thursday that Pacific Gas & Electric Corp. plans to remake its board of directors with hedge fund financiers and people who have little...
OMAHA, Neb. (AP) — The Latest on Berkshire Hathaway's annual shareholder meeting (all times local):
Berkshire Hathaway shareholders have rejected three proposals that would have required the company to sell off stock investments linked to fossil fuels and disclose more information about its political contributions and methane emissions.
Advocacy groups proposed the measures because they wanted Berkshire to change its practices.
PONTE VEDRA BEACH, Fla. (AP) — Shareholders irritated by the fallout from Wells Fargo's sales practices scandal sent a warning to the bank's executives and board, with some directors barely holding onto their jobs Tuesday in what is typically a symbolic vote.
PONTE VEDRA BEACH, Fla. (AP) — The Latest on Wells Fargo's annual meeting after a scandal over the bank's sales practices (all times local):
All proposed Wells Fargo directors have been elected, though one got barely 53 percent of shareholders votes, after a scandal over sales practices drew ire from investors.
Starbucks CEO stands by pledge to hire refugees
NEW YORK (AP) — Starbucks CEO Howard Schultz presided over his last annual shareholder meeting as head of the company Wednesday by standing by its pledge to hire refugees and expanding on previously announced goals to hire veterans and at-risk youth.
The moves underscored the progressive image Schultz has helped cultivate for Starbucks as he prepares to cede the CEO job next month to Starbucks President Kevin Johnson.
San Antonio company hostile takeover attempt of magicJack heats up
San Antonio-based communications company Carnegie Technologies Holdings claimed Wednesday morning that magicJack VocalTec has been “intentionally delaying” its attempts to get board shareholder information.
The news release is the latest broadside in Carnegie’s ongoing attempts to buy the Israeli-based magicJack. Carnegie and CEO Paul Posner own about 1.6 percent of magicJack’s stock.
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