shareholders news stories on Newser

Buffett Feels 'Terrific' Despite Prostate Cancer

Sat, 05 May 2012 15:34:05 CDT

Warren Buffett insists that he's feeling good after his recent prostate cancer diagnosis. Based on the questions he got at Berkshire Hathaway's annual meeting, shareholders are taking him at his word. Despite the fact that Buffett just disclosed his cancer diagnosis last month, he didn't face the first question about...

Citi Shareholder Revolt Bad News for Other Big Banks

Evann Gastaldo — Thu, 19 Apr 2012 08:16:05 CDT

Now that shareholders have rejected Citigroup CEO Vikram Pandit's $15 million pay package, all eyes are on Wells Fargo and Bank of America, both of which are holding their own "say on pay" votes in the coming weeks. The votes are required as part of post-financial crisis financial reform laws,...

Shareholders to Citi CEO: No $15M Payday for You!

Kevin Spak — Wed, 18 Apr 2012 09:36:45 CDT

Do you think Citigroup CEO Vikram Pandit deserves to make $15 million? Neither do Citi's shareholders, who yesterday voted against a proposed pay package for the company's top five executives that would have given Pandit that payday, the New York Times reports. It's one of the few times shareholders have...

Shareholders Sue Netflix

Kevin Spak — Wed, 18 Jan 2012 13:02:05 CST

Netflix's shareholders are none too happy with the streaming video giant's plummeting share price, and now they're biting back with a class action lawsuit. The suit, filed recently in California, alleges that Netflix "issued materially false and misleading statements," and failing to disclose crucial info. The latter includes the duration...

Murdoch, Sons Survive Shareholder Vote

John Johnson — Sat, 22 Oct 2011 06:24:57 CDT

News Corp's shareholder meeting went pretty much as expected: Rupert Murdoch and sons took plenty of heat but survived a long-shot bid to oust them from control, reports the Los Angeles Times . The tally will be released next week, but given that the Murdoch family controls 40% of voting shares,...

Murdoch to Meet With Fuming Shareholders

Matt Cantor — Fri, 21 Oct 2011 08:46:05 CDT

Rupert Murdoch is likely to get an earful today as News Corp. shareholders meet in Los Angeles. With shareholders furious over the recent phone-hacking scandal, the New York Times expects the meeting to be the company’s “most contentious in years.” Among those in attendance will be Tom Watson, the British...

Japan's Tepco Rebuffs Push to Exit Nuclear Biz

Matt Cantor — Tue, 28 Jun 2011 11:03:48 CDT

Despite insults from a huge crowd of fuming shareholders, Tokyo Electric Power Co. voted down a motion to end the company’s stricken nuclear business. At its biggest-ever shareholder meeting, attended by more than 9,000, the firm also managed to appoint 17 board members, the New York Times reports. The...

Early Facebook Investors Want Out

Evann Gastaldo — Thu, 28 Apr 2011 07:45:41 CDT

In a sign of increasing wariness among Facebook's earliest investors, a group of shareholders is looking to dump $1 billion worth of shares in the social networking company. The sale would value Facebook at more than $70 billion, five sources tell Reuters . The group, which includes Facebook employees, tried and...

Apple Fends Off Call for Succession Plan

Kevin Spak — Wed, 23 Feb 2011 14:12:01 CST

Apple today fended off a call from a group of big investors to reveal publicly its plans to replace Steve Jobs when he eventually hangs up his turtleneck for good. The resolution, introduced by a major labor pension fund, was voted down at the company’s shareholder meeting today, Fox News...