(Reuters) – Boeing shareholders will vote on Friday whether outgoing CEO Dave Calhoun should remain on the board, adding intrigue to an annual general meeting (AGM) where investors are expected to seek clarity on future leadership of the planemaker. Former Qualcomm chief Steve Mollenkopf will make his first public appearance as chairman at the virtual […]
May 14 (Reuters) – 3M said on Tuesday that the annual compensation packages of certain executives, including that of former CEO Mike Roman, did not receive the requisite number of favorable shareholder votes, on an advisory basis. Roman’s 2023 total compensation was $16.4 million, compared to about $14 million in 2022, even as the company […]
(Reuters) – 3M said on Tuesday that the annual compensation packages of certain executives, including that of former CEO Mike Roman, did not receive the requisite number of favorable shareholder votes, on an advisory basis. Roman’s 2023 total compensation was $16.4 million, compared to about $14 million in 2022, even as the company dealt with […]
Ford CEO Jim Farley and company executive chair Bill Ford fielded questions from shareholders on Thursday about the viability of electric vehicles and concerns about the billions of dollars in losses being reported quarter after quarter. Most recently, Ford’s first-quarter earnings report in April included news of $1.3 billion in losses within its Model e […]
Finding a business that has the potential to grow substantially is not easy, but it is possible if we look at a few key financial metrics. In a perfect world, we’d like to see a company investing more capital into its business and ideally the returns earned from that capital are also increasing. Ultimately, this […]
By Jonathan Stempel OMAHA, Nebraska (Reuters) – Berkshire Hathaway Inc shareholders on Saturday overwhelmingly rejected six proposals addressing environmental and social policy issues at Warren Buffett’s conglomerate, all of which the billionaire investor and his board opposed. By margins of more than 4-to-1, shareholders at Berkshire’s annual meeting voted against two proposals that the company’s […]
A new vibe at the Woodstock of Capitalism. Berkshire Hathaway’s (BRK-A, BRK-B) annual shareholder meeting on Saturday marked a new era for the Oracle of Omaha, Warren Buffett. It’s the investing legend’s first without his right-hand man Charlie Munger, who passed away on November 28, 2023, just shy of his 100th birthday. While Munger’s absence […]
By Jonathan Stempel and Koh Gui Qing OMAHA, Nebraska (Reuters) – Warren Buffett will take center stage at Berkshire Hathaway’s annual meeting on Saturday, as shareholders descend on to watch the famed investor as well as his expected successor. The meeting is the 60th for Buffett, 93, since he took over Berkshire in 1965. He […]
(Reuters) – New York Community Bancorp has pushed back its annual shareholders meeting by two weeks to June 5. The bank disclosed the change in date late on Friday. It had earlier announced its 2024 AGM on May 17. NYCB did not immediately respond to a Reuters request for comment seeking details about the delay. […]
(Adds details, share reaction, analyst comment in paragraphs 5-9) By Fabio Teixeira and Marta Nogueira RIO DE JANEIRO, April 25 (Reuters) – Shareholders of Petrobras voted on Thursday for the Brazilian state-run oil firm to pay out 50% of the extraordinary dividends it withheld in March, easing investor concerns about the destination of those funds. […]
Cathie Wood’s Ark Empire Bleeds As Investor Outflows Spike: ‘The Loyal Shareholders Have Become Frustrated’ In early 2021, Ark Invest, led by tech investor Cathie Wood, managed a staggering $59 billion across six funds, making it the world’s largest active ETF manager. Three years later, a significant 80% downturn occurred, with assets under management in […]
Paramount (PARA) stock jumped as much as 15% on Friday following media reports that private equity firm Apollo Global Management is in discussions to acquire the media company through a joint buyout bid with Sony Pictures Entertainment. The development comes after Paramount reportedly declined a previous $26 billion all-cash offer, which included $14 billion worth of […]