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Shareholder Rebellion
Shareholder rebellion occurs when the owners of a corporation work to throw out management or oppose their decisions. Shareholder rebellion may occur at an annual general meeting or through a proxy battle. Shareholders may also threaten to collapse a firm's stock price through concentrated selling. In 1998, the Rockefeller family led a shareholder revolt against Exxon over its climate change policy. In 2005, Michael Eisner retired after Walt Disney's nephew, Roy Disney, led a shareholder revolt, claiming Eisner was a micromanager who had caused a creative brain drain. In 2010, BP and Shell faced a shareholder revolt over their Canadian tar sands policy. Recently, shareholder rebellions have occurred over the issue of executive compensation at Cable and Wireless and Shell; Shell in response unveiled a plan to curb executive compensation and bonuses. According to some analysts, institutional shareholders have been lax about holding management accountable because they were concent ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Annual General Meeting
An annual general meeting (AGM, also known as the annual meeting) is a meeting of the general membership of an organization. These organizations include membership associations and companies with shareholders. These meetings may be required by law or by the constitution, charter, or by-laws governing the body. The meetings are held to conduct business on behalf of the organization or company. Purpose An organization may conduct its business at the annual general meeting. The business may include electing a board of directors, making important decisions regarding the organization, and informing the members of previous and future activities. At this meeting, the shareholders and partners may receive copies of the company's accounts, review fiscal information for the past year, and ask any questions regarding the directions the business will take in the future. At the annual general meeting, the president or chairman of the organization presides over the meeting and may gi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Shell Plc
Shell plc is a British Multinational corporation, multinational petroleum, oil and natural gas, gas company, headquartered in London, England. Shell is a public limited company with a primary listing on the London Stock Exchange (LSE) and secondary listings on Euronext, Euronext Amsterdam and the New York Stock Exchange. A core component of Big Oil, Shell is the second largest investor-owned oil and gas company in the world by revenue (after ExxonMobil), and among the List of largest companies by revenue, world's largest companies out of any industry. Measured by both its own emissions, and the emissions of all the fossil fuels it sells, Shell was the Top contributors to greenhouse gas emissions, ninth-largest corporate producer of greenhouse gas emissions in the period 1988–2015. Shell was formed in April 1907 through the Mergers and acquisitions, merger of Royal Dutch Petroleum Company of the Netherlands and The "Shell" Transport and Trading Company of the United Kingdom. The ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Shareholder Activism
Shareholder activism is a form of activism in which shareholders use equity stakes in a corporation to put pressure on its management. A fairly small stake (less than 10% of outstanding shares) may be enough to launch a successful campaign. In comparison, a full takeover bid is a much more costly and difficult undertaking. The goals of shareholder activism range from financial (increase of shareholder value through changes in corporate policy, cost cutting, etc.) to non-financial (disinvestment from particular countries, etc.). Shareholder activists can address self-dealing by corporate insiders, although large stockholders can also engage in self-dealing to themselves at the expense of smaller minority shareholders. Shareholder activism can take any of several forms: proxy battles, publicity campaigns, shareholder resolutions, litigation, and negotiations with management. Daniel Loeb, head of Third Point Management, is notable for his use of sharply written letters directed ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Dutch East India Company
The United East India Company ( ; VOC ), commonly known as the Dutch East India Company, was a chartered company, chartered trading company and one of the first joint-stock companies in the world. Established on 20 March 1602 by the States General of the Netherlands amalgamating Voorcompagnie, existing companies, it was granted a 21-year monopoly to carry out trade activities in Asia. Shares in the company could be purchased by any citizen of the Dutch Republic and subsequently bought and sold in open-air secondary markets (one of which became the Amsterdam Stock Exchange). The company possessed quasi-governmental powers, including the ability to wage war, imprison and execute convicts, negotiate treaties, strike Coinage of the Dutch East India Company, its own coins, and establish colonies. Also, because it traded across multiple colonies and countries from both the East and the West, the VOC is sometimes considered to have been the world's first multinational corporation. St ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Isaac Le Maire
Isaac Le Maire (c. 1558 in Antwerp – September 20, 1624 in Egmond aan den Hoef) was a Dutch entrepreneur, investor, and a sizeable shareholder of the Dutch East India Company (VOC). He is best known for his constant strife with the VOC, which ultimately led to the discovery of Cape Horn. Isaac Le Maire was born in 1558 or 1559 in Antwerp. His father (Jacques le Maire) and his uncle (Adam le Maire) were merchants from Tournai who became citizens of Antwerp in 1555. The le Maire-family traded with the Baltic (Narva) within a wider network of traders with roots in Tournai like the Van de Walle family. Isaac would eventually become the brother-in-law of Jacques van de Walle, a pioneer in the trade with Russia and Archangel. Isaac had four brothers, three of whom were merchants. Already in 1584 he was registered in Antwerp as a wealthy grocer. At the time, he was also captain of the company of the Antwerp schutterij, militia. He rented the house of ''Bourgognien Schilt'', but ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Institutional Shareholders
An institution is a humanly devised structure of rules and norms that shape and constrain social behavior. All definitions of institutions generally entail that there is a level of persistence and continuity. Laws, rules, social conventions and norms are all examples of institutions. Institutions vary in their level of formality and informality. Institutions are a principal object of study in social sciences such as political science, anthropology, economics, and sociology (the latter described by Émile Durkheim as the "science of institutions, their genesis and their functioning"). Primary or meta-institutions are institutions such as the family or money that are broad enough to encompass sets of related institutions. Institutions are also a central concern for law, the formal mechanism for political rule-making and enforcement. Historians study and document the founding, growth, decay and development of institutions as part of political, economic and cultural history. Definit ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Cable & Wireless Worldwide
Cable & Wireless Worldwide PLC (informally Cable & Wireless) was a British multinational telecommunications services company headquartered in Bracknell, United Kingdom. It was formed in 2010 by the split of Cable & Wireless plc into two companies, the other being Cable & Wireless Communications serving Central America and the Caribbean (and now a part of Liberty Latin America). Cable & Wireless Worldwide specialised in servicing large corporates, governments, carriers and resellers and its services included managed voice, data and IP-based services. It had operations in Asia Pacific, Europe, India, the Middle East & Africa and North America. The company was bought by Vodafone in July 2012 and integrated into the business on 1 April 2013. History The company was formed on 26 March 2010, made up of the remaining business of Cable & Wireless plc following the demerger of the company's international division to form Cable & Wireless Communications. The split meant that t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Executive Compensation
Executive compensation is composed of both the Salary, financial compensation (executive pay) and other non-financial benefits received by an Senior management, executive from their employing firm in return for their service. It is typically a mixture of fixed salary, variable performance-based bonuses (cash, shares, or call options on the company capital stock, stock) and Employee benefits, benefits and other perquisites all ideally configured to take into account government regulations, tax law, the desires of the organization and the executive. The three decades from the 1980s saw a dramatic rise in executive pay relative to that of an average worker's wage in the United States, and to a lesser extent in a number of other countries. Observers differ as to whether this rise is a natural and beneficial result of competition for scarce business talent that can add greatly to stockholder value in large companies, or a socially harmful phenomenon brought about by social and political ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Canadian Tar Sands
This is a list of articles related to Canadian oil sands: * Athabasca oil sands * Black Bonanza * * Canadian Centre for Energy Information * Canadian oil sands (other) *Climate change in Canada * Cold Lake oil sands * Environmental impact of mining * * History of the petroleum industry in Canada (oil sands and heavy oil) * Indiana Economic Development Corporation * Keystone Pipeline * Mackenzie Valley Pipeline * Melville Island oil sands * Oil megaprojects (2011) * Peace River oil sands * Project Oilsand, Project Oilsand / Project Cauldron * Rising Tide North America *Suncor Energy *Syncrude Tailings Dam * Utah Oil Sands Joint Venture * Wabasco oil sands * Yinka Dene Alliance See also *Mitch Daniels *Thomas Homer-Dixon *Mike Hudema *Emily Hunter *Nikolai Kudryavtsev *Andrew Nikiforuk *Georg Naumann (Pioneer of the early use of natural gas) {{DEFAULTSORT:Canadian oil sands Oil megaprojects Petroleum production Bituminous sands of Canada, Canada environment-related ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Proxy Battle
A proxy fight, proxy contest or proxy battle is an unfriendly contest for control over an organization. The event usually occurs when a corporation's stockholders develop opposition to some aspect of the corporate governance, often focusing on directorial and management positions. Corporate activists may attempt to persuade shareholders to use their proxy votes (i.e., votes by one individual or institution as the authorized representative of another) to install new management for any of a variety of reasons. Shareholders of a public corporation may appoint an agent to attend shareholder meetings and vote on their behalf. That agent is the shareholder's proxy. In a proxy fight, incumbent directors and management have the odds stacked in their favor over those trying to force the corporate change. These incumbents use various corporate governance tactics to stay in power, including: staggering the boards (i.e., having different election years for different directors), controlling ac ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
