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The Latest Breaking News from Glass Lewis

Tesla Board Urged To Reject The 'Largest Possible Pay Package For A CEO In Corporate America'

Tesla shareholders to vote on a huge pay package for Elon Musk, with advisors urging rejection due to its cost and dilution for others.

International Business Times UK · May 27, 2024

Crisis-ridden Boeing Hopes For Quiet Annual Meeting

Boeing's annual meeting on Friday comes amid an exceptionally difficult period for the crisis-ridden company, creating potential for drama at an event that is usually a snooze-fest.

International Business Times · May 17, 2024

Universal Music’s £119m CEO pay offer may provoke shareholder revolt

Advisory firm urges shareholders to reject ‘excessive’ payout to Lucian Grainge, while Renault may also face backlash

The Guardian - UK · May 7, 2024

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Boeing Probed In US Over Possible Falsified Records On 787

US air safety authorities are investigating whether embattled aviation giant Boeing completed required inspections on its 787 aircraft and whether employees falsified records, officials said Monday.

International Business Times · May 6, 2024

Ocado pay backlash looms as firm moves to offer boss £14.8m package

Investors urged to vote against online grocer’s remuneration for CEO Tim Steiner at upcoming AGM

The Guardian - UK · Apr 29, 2024

NatWest criticised over £1.2m pay for boss with ‘limited experience’

Governance adviser says Paul Thwaite could have been offered lower starting salary than predecessor Alison Rose

The Guardian - UK · Apr 7, 2024

Glass Lewis Backs Disney In Proxy Battle Against Trian Partners

Glass Lewis supports Disney in proxy fight, highlighting board nominees' strengths and cautioning against alternate solicitations.

Disney's Strategic Direction Under CEO Bob Iger Receives Approval

Glass Lewis endorses Disney's strategic direction under CEO Bob Iger, praising operational progress and governance practices.

There's less and less financial incentive to be CEO as other C-suite roles earn more and more money

While average CEO pay has skyrocketed over the past several years, the pay of other C-suite executives like CFOs, CHROs and general counsels has increased even more.

Fortune · Aug 2, 2023

NYC’s ESG investment approach draws pushback

Economy and Society is Ballotpedia’s weekly review of the developments in corporate activism; corporate political engagement; and the Environmental, Social, and Corporate Governance (ESG) trends and events that characterize the growing intersection between business and politics.

Ballotpedia · Jul 25, 2023

Metro Bank risks shareholder revolt over pay increase for top bosses

Glass Lewis urges investors to vote against award, saying 20% hike unjustified given average 5% rise for staff

The Guardian - UK · Apr 8, 2023

Congress rejects ESG in retirement plans

Ballotpedia · Mar 7, 2023

States sue Biden administration over ESG in retirement plans

As the new Republican House majority prepares to push back against ESG investing, some House Democrats have launched their own ESG-related caucus to counter Republicans’ efforts:

Ballotpedia · Jan 31, 2023

Montana governor announces ban on ESG considerations in state investments

The office of Montana Gov. Greg Gianforte (R) released the following statement on January 18 announcing that Montana has joined several other states in prohibiting non-financial considerations, including considerations related to ESG, in the state’s investments:

Ballotpedia · Jan 24, 2023

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Insider UK · Jan 24, 2023

Capricorn Energy postpones NewMed merger vote

Edinburgh-based energy company culls several board members ahead of key general meetings

Benzinga · Oct 11, 2022

Understanding Robovoting & Why It Affects ESG Initiatives For Financial Companies 

By Bryan Junus A bedrock principle of American democracy has always been one man, one vote. Shareholder elections are different because, typically, the voting power a shareholder has is directly proportional to their ownership stake. While this is not one man one vote, it is at least one share one vote.   

Benzinga · May 27, 2022

Twitter Refuses To Let Go Board Member Egon Durban - Read Why

Twitter, Inc (NYSE:TWTR) refused to remove Silver Lake co-CEO Egon Durban from its board after failing to win the support of the necessary majority of Twitter investors. The board considered Durban a highly influential member bringing an unparalleled operational knowledge of the industry, a unique perspective, and an invaluable skill set and experience…

Benzinga · May 24, 2022

Amazon Shareholders Seek To Question Pay, Tax, Working Conditions in CEO Andy Jassy's First Annual Meet

Amazon.com Inc (NASDAQ: AMZN) shareholders look to challenge its executive pay, tax transparency, working conditions, and unionization as CEO Andy Jassy faces his first annual meeting,

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The Guardian - UK · May 11, 2022

Greggs feels heat from investors over ‘excessive’ pay for bosses

Advisers say shareholders with a stake in steak bake retailer should vote against remuneration report at AGM

The Guardian - UK · Apr 28, 2022

NatWest avoids revolt as shareholders back executive pay overhaul

Advisory firm had called on investors to vote against plan, under which boss Alison Rose could earn £5.2m

The Guardian - UK · Apr 15, 2022

Vote down executive pay at Barclays and Standard Chartered, investors told

Rebellions loom as Glass Lewis advises banks’ shareholders to reject higher base pay and excessive pensions

Benzinga · Feb 11, 2022

Here's Why Momentive Shares Are Trading Higher Today

Momentive Global Inc (NASDAQ:MNTV) reported fourth-quarter FY21 revenue growth of 16% year-on-year to $117.3 million, missing the consensus of $120.9 million. Enterprise sales revenue was $40.0 million, an increase of 34% Y/Y. Self-serve revenue was $77.4 million, an increase of 9% Y/Y. Paying users totaled 888,700, an increase of 8% Y/Y. The average…

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