Word: voting
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...some 100 companies, including Coca-Cola, IBM, General Motors, Exxon Mobil, Citigroup, Anheuser-Busch, General Electric and Wal-Mart. As companies hold their annual meetings throughout April and May, some 70 different institutional investors will be pushing to add an annual provision to let shareholders vote up or down on how companies pay their top five executives. Earlier this week, about 150 institutional investors and representatives from companies like Pfizer, Morgan Stanley, Dell, BP, Sara Lee, Fed Ex, Procter & Gamble and United Health gathered in New York for a roundtable on say-on-pay votes. Such votes wouldn't actually...
...Smith thinks so, which is why on Thursday, at Goldman's annual meeting, the senior vice president of Walden Asset Management, which owns 65,000 shares of the Wall Street giant, will stand up in front of thousands of fellow shareholders and make the case for being able to vote on the firm's compensation practices. Smith's gambit is just the latest salvo in the ongoing battle over executive pay, but this time there's a crucial difference: the pressure isn't coming just from politicians and populist crusaders, but also from big institutional shareholders like mutual funds, pensions...
...waxed socio-economical on how the authors were trying to make a statement about classism and yuppies and liberal mind-traps (#62: Knowing what's best for poor people. "They feel guilty and sad that poor people shop at Wal-Mart instead of Whole Foods, that they vote Republican instead of Democratic... deep down, white people believe if given money and education that all poor people would be EXACTLY like them"), I thought, "Oh crap, she's right. I like ALL of that stuff...
...breakdown in talks was the latest setback for the February 28 deal, which tamped down the violence that followed allegations that Kibaki's Party of National Unity had rigged the December 27 vote. More than 1,200 people were killed and 300,000 displaced in bloodletting that pitted Kenya's various ethnic groups against one another, and threatened a larger tribal...
...electoral threat posed by the Sadr movement to the main Shi'ite parties in the current government - the Islamic Supreme Council, and Maliki's own Dawa Party - raises the political incentive for the government to take on the Sadrists before October's vote. But the consequences of the confrontation threaten Iraq's stability. "It is possible that the religious authorities could contain this crisis," said Kurdish MP Bukhari Abdallah Khudur. "If they don't, it will only get worse as elections approach...