meeting
New York (AFP) - Boeing shareholders voted Friday to back outgoing CEO Dave Calhoun's pay deal and reelection to the board, in an endorsement of company leadership as it faces heavy scrutiny over safety problems. The company announced the preliminary vote results at its annual meeting, saying all 11 directors had been reelected and that shareholders backed Calhoun's planned $33 million compensation package. Advisory services firm Glass Lewis had urged shareholders to reject Calhoun's nomination, while Investor Shareholder Services (ISS) had recommended a "no" vote on Calhoun's compensation pac...
AFP
By John BIERS New York (AFP) - L'assemblée générale des actionnaires de Boeing a renouvelé vendredi le mandat de la totalité des membres du conseil d'administration, y compris celui du patron démissionnaire Dave Calhoun dont le paquet de départ de plus de 33 millions de dollars a également été approuvé. M. Calhoun, administrateur depuis 2009 et patron de l'avionneur depuis début 2020, doit quitter la tête du groupe d'ici la fin de l'année, emporté par des crises multiples liées à des problèmes de production et de contrôle qualité. Selon le président du conseil d'administration, Steve Mollenkop...
AFP (Français)
New York (AFP) - Disney's leadership prevailed Wednesday in a high-profile and costly proxy contest against activist investors who had sought to shake up the company's board over concerns about successorship planning. The entertainment giant said its full slate of 12 company nominees had been reelected by a "substantial margin," turning back efforts by Trian Fund Management and Blackwells Capital. "I want to thank our shareholders for their trust and confidence in our Board and management," longtime Chief Executive Bob Iger said in a press release. "With the distracting proxy contest now behin...
AFP
New York (AFP) - Disney shareholders will deliver a verdict later Wednesday in the company's long-running struggle over leadership at one of the spring's most costly and closely-watched annual meetings. At issue is an effort by billionaire investor Nelson Peltz of Trian Capital, who has blasted the Disney board over botched leadership planning after the entertainment giant reinstated long-running chief Bob Iger as CEO and ousted Iger's successor. Peltz has nominated himself and former Disney chief financial officer Jay Rasulo to the board -- an outcome that the company has fought vigorously. I...
AFP
Washington (AFP) - Former US president Donald Trump faced fresh charges Thursday alleging that he attempted to obstruct the investigation into the mishandling of top-secret documents by conspiring to delete surveillance footage at his Mar-a-Lago property in Florida. Federal prosecutors unsealed the new indictment targeting the front-runner in the 2024 Republican presidential primary, who is set to go on trial as the election heats up in May of next year. The new charges came the same day Trump said his lawyers met with Justice Department officials ahead of a separate expected indictment over ...
AFP
JAKARTA, July 18, 2022 - (ACN Newswire) - The third Finance Ministers and Central Bank Governors (FMCBG) meeting within the framework of Indonesia's G20 Presidency kicked off in Nusa Dua, Badung, Bali, on Friday (July 15). The meeting aims to seek ways to promote better global economic recovery amid the issues or challenges that had become more apparent nowadays. "G20 needs to (apply more measures) by taking real actions based on the spirit of coordination, collaboration, and consensus in order to solve global issues," Finance Minister Sri Mulyani Indrawati delivered the statement during the o...
ACN Newswire
New York (AFP) - ExxonMobil has spent more than two decades sparring with activists over climate change, turning back virtually every shareholder challenge at its annual meeting each spring. But late last month, the oil giant, which has shunned renewable energy investments embraced by some rivals, suffered a landmark defeat when upstart investment fund Engine No.1 successfully won election of three of its four board candidates, overcoming fierce campaigning from management. A newly-formed San Francisco-based investment group, Engine No.1 is a relative minnow in the world of finance, but now st...
AFP
New York (AFP) - Investors rejected the responses of US oil giants to climate change Wednesday, installing activist board members at ExxonMobil and directing Chevron to deepen emissions cuts. The dual decisions at the two biggest US oil giants' annual meetings are clear evidence that addressing climate change has moved from being an environmentalist cause to one championed by mainstream investors. At ExxonMobil, two board nominees from activist group Engine No. 1 won enough votes to secure board seats. Shareholders also backed a proposal requiring a report on the oil giant's lobbying activiti...
AFP
New York (AFP) - The killing of George Floyd prompted a wave of promises from corporate America to advance racial equity. Nearly a year later, large US companies are under pressure to show progress on fulfilling those promises. Shareholders will vote in the coming weeks on some of those initiatives, including whether Walmart should report on the fairness of its pay scale and whether Facebook and Google/Alphabet should appoint a civil rights specialist to their boards. Another frequently proposed option is a racial equity audit that compares a company's record with statements made in its gloss...
AFP
Reykjavik (AFP) - The US and Russian foreign ministers have sought to ease tensions in their first meeting since President Joe Biden took office, saying they were ready to cooperate but acknowledging the wide gulf separating them. Russian Foreign Minister Sergei Lavrov described the talks in Reykjavik on Wednesday -- aimed in part at confirming a potential summit between presidents Biden and Vladimir Putin -- as "constructive". "There is an understanding of the need to overcome the unhealthy situation in ties between Moscow and Washington," Lavrov told reporters, although he added there were "...
AFP
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