Wells Fargo CEO gets an earful from shareholders – CBS News

Just last week, Wells Fargo (WFC) agreed to pay a $1 billion fine to the government to settle consumer lending abuse complaints. And at the company’s shareholder meeting today, Wells Fargo CEO Tim Sloan heard about those abuses — and more. The meeting featured emotional appeals from customers who had lost their homes and was briefly interrupted by…

Investors Object to Virtual-Only Annual Meetings

Some companies are hoping to avoid in-person challenges at the annual meeting by scheduling virtual-only online session. The Council of Institutional Investors, whose members have $3 trillion in assets under management, has also spoken out strongly opposing virtual only meetings and the pension funds of New York City are voting against directors serving on board…

Japan’s big corporates shift to provide AGM agendas online

Japanese firms are beginning to release the topics and agendas of their annual shareholders’ meetings online, before they send them out by mail to investors. The development comes in response to growing calls from international investors.Some of the key firms that have decided to release online notices in advance this year include Yakult Honsha, a Japanese drinks maker,…

Tough Questions for Ford’s Virtual Annual Meeting

On Thursday May 11, the National Center for Public Policy Research’s Free Enterprise Project (FEP) will seek to ask Ford Motor Company executives if they believe there is a reputational risk and potential consumer backlash from advertising on television news programs hostile to the Trump Administration. FEP representatives are hoping for the opportunity to pose…

Duke Energy Is Afraid to Meet Shareholders in Real Life

Duke Energy is taking the coward’s way out.  Their annual meeting this year will be virtual only.  “This year we are excited to hold the Annual Meeting exclusively online for the first time via live webcast.”  They then go on to say: “This format enables us to use technology to open our Annual Meeting to…

Citi, Wells Fargo, and BofA: Will Shareholders Stand Up? – Fortune

At Citi, Wells Fargo, and Bank of America’s shareholder meetings on Tuesday and Wednesday, we will witness just how much we now depend on investors at the largest banks to protect us from worldwide economic collapse. At the same time, we’ll also likely realize that very few shareholders are actually willing to speak up to…