GLASS LEWIS
Elon Musk sees another big advisory firm come out against his multibillion dollar pay package
Tesla CEO Elon Musk's pay package, recently valued at $44.9 billion, has been re-endorsed by ISS and Glass Lewis. The firm argued that the package was outsized and failed to achieve board objectives. It also noted that Tesla met the pay package's performance objectives and recognized the company's substantial growth in size and profitability. However, concerns about Musk spending too much time on other ventures raised in 2018 and since then have not been sufficiently addressed.
Minority shareholders to benefit from ITC Hotels demerger: Proxy advisory firms
"The structure will enable ITC Hotels to operate with an optimal capital structure with the ability to access capital to fund its growth requirements.
Tesla shareholders advised to reject Musk's $56 bln pay
Proxy advisory firm Glass Lewis said on Saturday it has urged Tesla shareholders to reject a $56 billion pay package for Chief Executive Officer Elon Musk, which if passed would be the largest pay package for a CEO in corporate America.
Tesla shareholders advised to reject Musk's $56 billion pay
Glass Lewis, a proxy advisory firm, has advised Tesla shareholders to reject a $56 billion pay package for CEO Elon Musk, citing reasons like its "excessive size," potential dilution of shares, and Musk's involvement in time-consuming projects, including the purchase of Twitter. The package, proposed by Tesla's board, is based on the company's market value reaching $650 billion over 10 years. Glass Lewis also criticized Tesla's proposed move to Texas, calling it risky for shareholders. Tesla has defended the package, citing Musk's role in the company's growth.
Crisis-ridden Boeing hopes for quiet annual meeting
Boeing's annual meeting is fraught with tension as shareholders may rebuke CEO Dave Calhoun. Glass Lewis and ISS oppose Calhoun's nomination and pay package. New Chair Steve Mollenkopf plays a key role. Safety concerns linger after Alaska Airlines incident and 737 MAX crashes.
Shareholders approve pay package of Stellantis CEO Carlos Tavares
Stellantis shareholders on Tuesday approved a controversial 36.5-million-euro ($38.75 million) pay package for chief executive Carlos Tavares. According to the Stellantis annual report, the 65-year-old Portuguese executive was due to get a 10-million-euro bonus for the transformation of the group -- formed out of the 2021 merger of Peugeot and Fiat-Chrysler.
Parlez-Vous Na'vi?' 'No, Kreegah Bundolo!
Conlangs need not have geographical or zoological boundaries. Undeterred by the minor consideration that he'd never visited the African continent, Edgar Rice Burroughs devised a primate patois for his equatorial African jungle-dwelling protagonist John Clayton, Lord Greystoke, Tarzan of the Apes, whose anthropoidal war cry before visiting GBH on sundry adversaries was 'Kreegah bundolo!' which in human speech could be rendered as, 'Boy, are you gonna get your lumps and then some!'
Aberdeen Goalkeeper Joe Lewis departs after seven years, Manager Barry Robson pays tribute
Lewis played a pivotal role in Aberdeen's achievements, notably appearing in three cup finals. His exceptional displays on the field earned him a well-deserved place in the PFA Scotland Team of the Season for the 2016/17 campaign.
Goldman Sachs slashes CEO David Solomon's pay by 29% to $25 million
Goldman Sachs Group Inc. slashed compensation for its Chief Executive Officer David Solomon by 29% to $25 million for 2022, the bank said in a filing Friday.
Vedanta's proposal to transfer Rs 12,587 crore from reserves gets proxy advisory firm's backing
In a notice to shareholders, Vedanta reasoned that the firm had over the years "built up significant reserves through transfer of profits".
Zoom's abandoned Five9 deal shows hurdles to expansion
Analysts said Zoom's stock would likely remain volatile until investors establish what the prospects of its business will be once the pandemic is over. This decreases the chances of another acquisition target accepting Zoom's shares as currency in the near term, they said.
Zoom, Five9 to terminate nearly $15 billion all-stock deal
The termination of what would have been Zoom's biggest-ever acquisition comes after proxy advisory firms Institutional Shareholder Services and Glass Lewis recommended that Five9 shareholders vote against the takeover.
View: Reframing Education Reform using Assessments as a Looking Glass
The solution was introducing State Level Assessments (SLA) - a statewide census-based assessment of students in grades I-VIII deploying standardized question papers.
Just who are the proxy firms that gave Deepak Parekh such a bad scare?
Here's a lowdown on just who the proxy firms are and what they stand for?
Queens of the Stone Age's 1998 debut album 'Villains' will make you dance
In the middle of all the fairy lights and felicitations jumps out this devil’s whiplash of a guitar riff.
Proxy advisory companies against Cairn-Vedanta merger
Glass Lewis is against the proposal because it is not satisfied with the information relating to the process by which the boards decided on the merger.
Alice in Wonderland turns 150 this year
With Lewis Carroll's fairy tale Alice In Wonderland turning 150, we go down the rabbit hole of Alice's lasting influence today.
Lewis Hamilton turns fashion-conscious?
F1 superstar Lewis Hamilton has been spotted over the past week in London sporting different looks. Here's how they finished on the podium.
Hamilton chasing shadows in luckless season
The 29-year-old, son of 1982 world champion Keke, used it well and ended Hamilton’s run of wins to retake the lead.
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