shareholders

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Facebook Shares Hit New Low
 Facebook Shares Hit New Low 
Aug 17, 2012 6:36 AM CDT

Facebook Shares Hit New Low

They drop 6% as some investors get first chance to sell

(Newser) - More stock woes for Facebook: As some shareholders got their first opportunity to sell yesterday, shares plummeted to a new low of $19.69. By day's end, they'd settled at $19.87, a 6% plunge, the Los Angeles Times reports. It's not clear yet how many of...

Businesses Must Stop Worshiping Shareholders
Businesses Must Stop Worshiping Shareholders
OPINION
Jun 27, 2012 5:25 PM CDT

Businesses Must Stop Worshiping Shareholders

Emphasis on the short term is killing the economy: law professor

(Newser) - The notion that businesses exist solely to increase their stock prices and thus reward shareholders may be a "bedrock principal of our era," writes Jesse Eisinger at the Trade blog for ProPublica, but it also may be taking a serious toll on America's financial health. He sums...

Get Ready for More Facebook Shares for Sale

Lock-up expiration will free 268M shares in less than three months

(Newser) - Just as investors are souring on their plunging Facebook shares , comes a depressing reminder that millions of shares will likely soon flood the market. Starting in less than three months, select insiders and early investors will be allowed to sell their Facebook shares as the "lock-up period" currently preventing...

Buffett Feels 'Terrific' Despite Prostate Cancer

Berkshire shareholders seem to believe him

(Newser) - 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...

Citi Shareholder Revolt Bad News for Other Big Banks

Wells Fargo, Bank of America may have reason to worry

(Newser) - 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...

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

'There's good pay, and there's obscene pay'

(Newser) - 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...

Netflix Shareholders Sue
 Shareholders Sue Netflix 
Jan 18, 2012 1:02 PM CST

Shareholders Sue Netflix

Class-action suit says company issued 'misleading statements'

(Newser) - 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....

Murdoch, Sons Survive Shareholder Vote

Long-shot bid to end their control of News Corp fails

(Newser) - 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...

Murdoch to Meet With Fuming Shareholders

Phone-hacking investigator to challenge News Corp boss

(Newser) - 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...

Japan's Tepco Rebuffs Push to Exit Nuclear Biz

But shareholders urge bosses to 'jump in a reactor'

(Newser) - 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....

Early Facebook Investors Want Out

A group, including employees, looks to dump shares

(Newser) - 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...

Apple Fends Off Call for Succession Plan

Steve Jobs doesn't attend shareholder meeting

(Newser) - 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...

Hefner Sparks Bidding War for Playboy

Founder wants to take media company private

(Newser) - Founder Hugh Hefner wants to take Playboy private, and he mounted a bid today that values the struggling company at $185 million, Bloomberg reports . Playboy Enterprises stock closed up almost 41% and attracted interest from another party—but who would want a conglomerate that's lost $20 million in just 2...

Blankfein Keeps Both Goldman Sachs Top Jobs

Shareholder proposal to split chairman, CEO duties fails

(Newser) - Lloyd Blankfein will remain both the chairman and CEO of Goldman Sachs, after defeating a shareholder proposal to split the posts . Only 19% of shareholders voted to award the chairmanship to another Goldman employee, despite the SEC complaint filed last month accusing Goldman of securities fraud. The proposal predated the...

Blankfein to Shareholders: We'll Rebuild Reputation

Goldman Sachs could split up top job today

(Newser) - Lloyd Blankfein faced a room full of Goldman Sachs shareholders today and vowed to rebuild the company's reputation and "renew the core principles that has sustained us for 141 years," reports the Wall Street Journal . He promised to set up a business standards committee and address the questions...

Buffett: I 'Love' Goldman Investment

Oracle gets behind Blankfein at shareholder meeting

(Newser) - Warren Buffett has no plans to sell Berkshire Hathaway's stake in Goldman Sachs as the investment bank fights civil fraud charges, saying today that he "loves" his $5 billion investment because it generates 10% interest a year. The Oracle of Omaha spoke today during Berkshire's annual shareholders meeting—but...

Hef Sued for Not Selling Playboy
 Hef Sued for 
 Not Selling Playboy 
won't give up 'busty blonds'
Feb 9, 2010 7:09 AM CST

Hef Sued for Not Selling Playboy

Shareholder claims Hugh Hefner sabotaged two deals

(Newser) - At 81, Hugh Hefner is still attending glamorous parties with decades-younger models on each arm, but his company is languishing—and one shareholder has had enough. A class action lawsuit obtained by TMZ alleges that Hef has sabotaged two deals to sell Playboy. The suit cites an analyst's note that...

Stock Split Means You Can Afford Buffett Shares
Stock Split Means You Can Afford Buffett Shares
66 bucks
Jan 20, 2010 2:31 PM CST

Stock Split Means You Can Afford Buffett Shares

Shareholders approve price cut; shares now $66

(Newser) - Berkshire Hathaway shareholders approved a 50-for-1 stock split today, making shares of Warren Buffett's company affordable for a wider range of investors. The price of Class B shares will drop from $3,300 to $66. Class A shares, which confer stronger voting power, remain a princely $101,700.

Goldman Hustles Investors on Soaring Bonuses

Bank privately meeting with large shareholders to shore up support

(Newser) - Goldman Sachs has been holding private meetings with its top shareholders in an effort to stave off proposals that would reign in its ginormous bonuses. It’s a first for Goldman, which normally doesn’t feel compelled to justify its pay, no matter the public outcry. But shareholders have the...

Facebook Edges Closer to Going Public

It revamps stock but says it has no IPO plans 'at this time'

(Newser) - Facebook revamped its stock structure today in a move sure to heat up speculation that it's going public. The company will have two classes of shares, A and B, reports the Wall Street Journal . Everyone currently on board will hold B shares, with 10 times the voting power of A...

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