Remember the fable of stone soup? A traveler comes to a town famous for the miserliness of its inhabitants. He tells them he has the secret of making soup from a stone. They are very excited about this money-saving possibility and gather around him as he places a stone in a vat of boiling water….
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Why IBM Doesn’t Do (Direct) Political Contributions – The New York Times
In a New York Times interview, IBM CEO Arvind Krishna spoke about corporations taking political positions and making contributions. He does not discuss political involvement via groups like the Business Roundtable. IBM has a history of involving itself in difficult social and political issues, including being among the first companies to offer benefits to same-sex…
Is Elon Musk Inching Away From Twitter
When Twitter’s board abruptly changed its tune on his offer to buy the company — from poison pill to LFG!! — bankers surmised what had happened. Goldman Sachs, on behalf of Twitter, had gone out and asked every other potential buyer it could think of to swoop in and make a better deal — and…
JPMorgan Fined $200 Million Over Employees’ Use of WhatsApp and Other Messaging Apps – WSJ
This happened the same week CEO Jamie Dimon was given a “surprise” retention bonus of 1.5 million shares. What message does this send to employees, customers, and shareholders? The brokerage arm of JPMorgan Chase & Co. on Friday agreed to pay $200 million in fines and admit that it failed to keep track of employees’…
Agenda – Pressure Campaign Mounts on Activision Blizzard Board
As VEA Vice Chair Nell Minow said on CNBC, it is time for Bobby Kotick to go. The National Legal and Policy Center last week demanded that Coca-Cola Chairman and CEO James Quincey take steps to seek the removal of embattled Activision Blizzard chief executive Bobby Kotick. Meanwhile, six state treasurers have written to Activision…
Korn-Ferry: Advice to Boards About ESG
Korn-Ferry tells boards that ESG is here, it is their responsibility, and that clear communication and outreach are essential. • ESG and sustainability is a board level topic. It is growing in importance and urgency and isn’t going away anytime soon. • It is a significant risk management issue, yet it also offers new growth opportunities. • Investors,…
Shareholder Activism 2021
Insightia’s update on activism in the US and internationally has vital and illuminating information for investors and corporate insiders.
Sprecher’s Insider Trading and the NYSE’s Big Governance Problem Still Persists…and Should Get Worse — The Progressive Investor
When the Chairman and CEO of a Fortune 500 NYSE-listed company is charged with insider trading, complicated by the fact that he is a substantial financial contributor to the political party in power, it’s usually a significant financial news story. But, that not what happened when Jeff Sprecher, founder, Chairman, and CEO of Intercontinental Exchange,…
CalPERS Is Voting Against Directors Over Compensation – Will Others Follow? – Corporate Board Member
The $410 billion California Public Employees Retirement System (CalPERS) is sending a message to members of corporate boards: find a way to better align executive pay with performance or have your re-election to the board opposed at the annual meeting. CalPERS Is Voting Against Directors Over Compensation – Will Others Follow? – Corporate Board Member…
VEA Vice Chair Nell Minow on Motley Fool Money — Quibi, Movie Theaters, and More
VEA Vice Chair Nell Minow was a guest on the Motley Fool Money podcast this week, discussing corporate governance and movies.
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