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...fact, the sixth year in a row that shareholder activist Robert Monks, representing clients at his investment advisory firm, presented the resolution at the Exxon annual meeting. Over the years, the percentage of shareholders voting with Monks has increased from about 20% to 40% last year. With the backing of the Rockefeller family, hopes were high for a better showing this year, even though only 10 such proposals have ever managed to garner majority support, according to RiskMetrics, a firm that advises proxy voting. If the vote had reached a majority, it wouldn't have forced Exxon to separate...

Author: /time Magazine | Title: Splitting Power at the Top | 5/28/2008 | See Source »

...Angeles Times poll shows a majority of registered voters would support the amendment, preferring to overturn the ruling). The alliance of groups opposed to gay marriage, meanwhile, has petitioned the court to delay such unions, which could begin as early as June 16, until after the November vote...

Author: /time Magazine | Title: Roadblocks Ahead for Gay Marriage | 5/24/2008 | See Source »

...course, Puerto Ricans are Americans, too, and most of them want to stay that way; the independence party has never received 5% of the vote in any plebiscite. But many of them still want to protect their own culture, their own language, their own candidate in Miss Universe competitions, which they've won an extraordinary five times. And most mainland politicians seem more or less satisfied with the quasi-colonial status quo. So while on June 1 Puerto Ricans will exert more influence than they've ever had before in U.S. politics, by June 2, they'll still lack...

Author: /time Magazine | Title: The Campaign for Puerto Rico | 5/23/2008 | See Source »

...would need the backing of 20% of Labour MPs (at least 71 on current standings). That is a hard number to attain even in the current climate. And even if a challenger emerged, it would fall to the Labour Party Conference in the autumn to decide, by a public vote of the delegates, whether to call an election for a new party leader...

Author: /time Magazine | Title: Lost: Labour's Love for Brown | 5/23/2008 | See Source »

...insulting and stupid to try and pretend this hasn't been a enormous blow for the Labour Party," says Labour MP Stephen Pound of the Crewe result. "But we're not going to turn it round by defenestrating our leader, or trying to go downmarket after the Tory vote. To get rid of the Prime Minister would simply underline any accusations of division in the party and utterly guarantee we would lose the next election." Hardly a ringing endorsement, but perhaps an indication that for better or worse, Brown could have more months or even years of torment ahead...

Author: /time Magazine | Title: Lost: Labour's Love for Brown | 5/23/2008 | See Source »

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