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Articles about Annual General Meeting

Sony PV-100 Videocorder

Sony CEO forced to shush shareholder heckling at fiery AGM

Sony yesterday endured a fiery annual general meeting at which investors heckled CEO Kazuo Hirai. Over a decade of strife, the Japanese giant has become a byword for red ink, failed turnarounds and missed boats. Rivals like Samsung and LG have thrashed it in old markets like televisions while Apple beat it into new markets like …
Simon Sharwood, 20 Jun 2014
IBM's System x3620 M3 server

China clears Lenovo's slurp of IBM server biz

The Chinese Ministry of Commerce has finally approved Lenovo’s $2.3bn deal to buy Big Blue’s server biz, according to Reuters. The country’s anti-monopoly bureau has taken its time over the decision and the US authorities have yet to rule on the acquisition, but Lenovo has said it expects the deal to close this year. Chief exec …

Acer parachutes cofounder Huang in as new chairman

The board of directors at troubled device maker Acer have again elected a key figure from the past to help it get "back to success", the company confirmed following today's Annual General Meeting. Co-founder and general secretary of the Transformation Committee George Huang is to replace the firm's other co-founder, Stan Shih, …
Paul Kunert, 18 Jun 2014

SAP tightlipped on job cuts in cloud rejig bid

SAP is swinging the axe and cutting a number of staff as it re-shapes itself as a provider of cloud services. The software biz would not say how many of its 66,750 employees will be laid off as part of its latest restructuring exercise, nor when the jobs would go – but called the losses “unavoidable”. Yet the company claimed it …
Gavin Clarke, 14 May 2014
Steve Ballmer as Doctor Evil

Microsoft investors advised: Sack the guy searching for Ballmer replacement

Proxy advisory firm Glass Lewis has told Microsoft shareholders to vote against the re-election of independent director John Thompson, who is leading the search for a new chief exec. In a research note seen by Reuters, the firm said that Thompson potentially had a conflict of interest because he's the CEO of Virtual Instruments …
Google sign outside Mountain View headquarters

Activist investors try forcing Google to pay more taxes

A group of Google investors has called on the firm to stop "undermining democracy and the rule of law" and start paying as much tax as possible in the countries it operates in. The stockholders have put forward a proposal, to be voted on at the annual general meeting today, which would force Google to adopt a set of principles …
Dell logo in crosshairs

ICAHN'T with this guy: Activist investor gives up battle with Big Mike

Activist investor Carl Icahn has announced that he and his partner Southeastern Asset Management are giving up the fight to stop Michael Dell from taking the PC maker private. Icahn said in an open letter to shareholders that he still thought that Big Mike's $13.88 per share offer for the firm undervalued it, but had decided …
Dell logo in crosshairs

Court throws out Icahn's demand to stall Dell shareholder vote

Carl Icahn's quest to delay the shareholder vote on the future of Dell has been knocked back by a Delaware judge, who said there was no evidence that the company was acting improperly. "This court is not going to be dragged into a tactical game," Chancery Court Judge Leo Strine ruled on Friday. The Dell board had "acted in good …
Iain Thomson, 16 Aug 2013

Telstra plans to keep hands on government BEEELIONS

Telstra has assured shareholders that having gotten one hand on an $11 billion (net present value) payment from the government, the cash will have to be pried from its cold, dead fingers. Since it was Telstra chair Catherine Livingstone who was speaking, and she was speaking to shareholders at the carrier's annual general …
PayPal

eBay rejects Carl Icahn's board nominees as 'inexperienced'

eBay has rejected both of Carl Icahn's nominees for its board, saying they're not qualified for the job – and has urged its investors to do the same. The online marketplace said in a pre-annual general meeting filing that it had looked at the candidates proposed by the activist investor, who's agitating to get the firm to spin …
gavel_judgment_channel

Court hearing on Icahn's Dell buyout block set for Friday

Carl Icahn's attempt to get the courts to intervene speedily in Michael Dell's bid to take the firm private has been delayed until Friday. The Delaware Court of Chancery has scheduled a conference for Friday on Icahn's request for an expedited hearing in the case. The activist investor wants the court to stop Dell from changing …

HP re-elects all directors

The decisions to acquire Palm, Autonomy and EDS, all of which are hard to qualify as qualified successes, have failed to result in any of Hewlett Packard's board members losing their seats. The eleven-strong board all survived yesterday's annual general meeting, despite previous rumblings that some were likely to feel …
Simon Sharwood, 21 Mar 2013
Dell logo in crosshairs

Icahn sues Dell's board over Big Mike's buyout bid

Activist investor Carl Icahn and his affiliates have filed a legal complaint against Dell and its board members in his latest attempt to thwart Big Mike's efforts to regain control of the PC behemoth. Icahn filed in Delaware's Court of Chancery on a number of counts. One of these is a request for the court to to stop Michael …

Verwaayen on verwaay out: Alcatel-Lucent big-cheese cheeses it

Alcatel-Lucent chief exec Ben Verwaayen will exit the loss-making telecommunications equipment maker in May. The ailing biz is in cost-cutting mode and plans to shed at least 5,000 jobs to compete more effectively against its rivals and its Chinese competitors in particular. Former BT big cheese Verwaayen, who headed up the …
Paul Kunert, 07 Feb 2013
Dell logo in crosshairs

Michael Dell accuses Icahn of using court as takeover tool

Michael Dell has accused Carl Icahn of filing "undefined" legal action solely as a tool to help him take over Dell, and said the investor was "grandstanding" in a bid to stop the company from going private. In a court filing, Michael Dell said the action was "just another soapbox for Mr. Icahn's public spat," and a tactic …
Iain Thomson, 08 Aug 2013

Stroppy investor tries to rip 'n' replace STEC's entire board

It's a proxy war: activist investor Balch Hill wants to bounce troubled SSD supplier STEC's board - which includes its CEO and its founder - and populate the boardroom with seven of its own nominees. STEC is the former leading enterprise SSD supplier which has fallen on hard times and is now partway through a strategic direction …
Chris Mellor, 13 Feb 2013
money notes lifted up

Bolshy investors launch yet another assault on Emulex board

Angry investor Altai Capital Management has written an open letter to Emulex CEO Jim McCluney demanding the resignation of Emulex's board after it rejected a takeover offer from Broadcom. That's the view put across by activist investor Altai Capital Management in a public letter to Emulex CEO Jim McCluney. Background Emulex …
Chris Mellor, 09 May 2013
Leo Apotheker photo  by Jacoplane

Look out, world - Mad Leo Apotheker's back!

Wild-eyed former HP CEO Leo Apotheker is back in the IT hot seat after bagging a spot on the supervisory board at French tech outfit Steria. The appointment of the bumbling exec was approved by 99.8 per cent of shareholders at the Annual General Meeting on 15 May. At the same time, Laetitia Puyfaucher was also voted onto the …
Paul Kunert, 01 Jun 2012
The Register breaking news

'Proud' RIM supremo survives shareholder showdown

Research in Motion faced some seriously ticked off shareholders at its annual general meeting yesterday, who received little in the way of comfort from the BlackBerry-maker's board. CEO Thorsten Heins and chairwoman Barbara Stymiest told the gathering that RIM was staying the course of strategically reviewing itself, cutting …
graph up

Ballmer shoots down Microsoft breakup advice

Steve Ballmer has scotched suggestions from investors at Microsoft's annual shareholders meeting that his company should spin off some of its divisions Ballmer and Microsoft cofounder Bill Gates faced a fractious audience, with many stockholders expressing their displeasure at the company’s poor stock price and returns. One …
Iain Thomson, 15 Nov 2011
The Register breaking news

JOBS from beyond grave: I AM NOT A CROOK, it was an 'aikido move'

This was the week when Apple was ruled guilty as charged in the ebook price-fixing case by US District Judge Denise Cote and will now face a trial for damages. The judge ruled that the fruity firm colluded with publishers to set the price folks should be paying for digital books and then sorted out a way to get that price. In …
The Register breaking news

'Why can't we say we're happy to be RIMmed on a daily basis?'

Deflating news reached El Reg's headline writers this week in the form of RIM's name change to BlackBerry. Of course, it also launched two new phones running its QNX-powered smartphone operating system: BlackBerry OS 10. Reg reader SouthPacificPom noted this may be the end of snigger-worthy puns: "This is a sad day indeed. …
The Register breaking news

RIM boss accuses China of IP theft risk

RIM CEO Thorsten Heins has reignited the debate over whether China is a safe place to do business, after claiming this week that the BlackBerry-maker does not have any manufacturing bases in the country due to security concerns. Heins made the comments in a response to a question at the embattled smartphone firm’s annual general …
Phil Muncaster, 13 Jul 2012
burning money

Stroppy investor to Xyratex: Pah... research! Who spends money on THAT?

So that's why Xyratex management erected a poison pill defence against hostile take-over attempts. The company's largest shareholder, activist investor Baker Street, which owns 23 per cent of the common stock, wants board changes to correct Xyratex's "flawed" HPC and Big Data array strategy. Xyratex makes disk drive drawers for …
Chris Mellor, 14 Jan 2013
The Register breaking news

BIS, bash, bosh: El Reg solves BlackBerry 10 email bafflement

Is a BlackBerry that doesn't use BlackBerry's email service still a BlackBerry? The Company-Otherwise-Known-As-RIM (TCOKARIM*) hopes so. It thinks it's time to move on, and in an attempt to broaden its appeal to new punters the new BlackBerry 10 phones won't support the BlackBerry Internet Service (BIS). Instead, the devices …
Andrew Orlowski, 05 Feb 2013
Killer whale

The battle for control at the firm that brought SSD to the enterprise

It's a narrow line to have to tread and STEC chairman Kevin Daly has not kept to it in his response to the nasty letter from hedge fund Balch Hill calling for STEC CEO Mark Moshayedi's head and a new set of directors for mismanagement of STEC since the EMC OEM deal glory years. There is going to be a contested vote with a proxy …
Chris Mellor, 26 Mar 2013
The Register breaking news

Telstra shareholders pass deal with Oz government

Telstra shareholders have, with some quibbles from the floor, approved the proposed $AU11 billion deal between the carrier, the government, and NBN Co. Under the deal, some aspects of which which are still being mulled by the Australian Competition and Consumer Commission, Telstra will receive $AU11 billion at net present value …
The Register breaking news

Murdoch junior QUITS board of Sun publisher

James Murdoch has sensationally resigned from News Group Newspapers' board of directors, thereby seemingly turning his back on News International's remaining British publications: The Sun, The Times and the Sunday Times. A filing at Companies House, first spotted by the Evening Standard, revealed that Murdoch quietly resigned …
Kelly Fiveash, 23 Nov 2011
channel

Dixons Retail boss pockets £1m in face of consumer meltdown

Dixons Retail chief exec John Browett trousered over £1m in rewards during the most recent financial year, despite the group posting steep losses as it struggled to cope with the consumer meltdown. Browett, who joined Dixons from Tesco in 2007, is masterminding a major cost-cutting drive to turn the losses into profits by …
Paul Kunert, 18 Jul 2011
globalisation

Last day on the job for Phoenix IT Group boss

Phoenix IT Group's long-serving chief exec Nick Robinson is hanging up his boots today after attending his last Annual General Meeting in the role. The services provider and reseller is handing captaincy of the ship over to industry veteran Dave Courtley at the beginning of next week. Courtley will need to draw upon his …
Paul Kunert, 28 Jul 2011
The Register breaking news

Nominet 'sought govt protection from takeover by domain hawkers'

Nominet, the .uk address registry, sought government help to protect its board of directors from a takeover by domain name speculators, according to its former policy chief. The claims, which Nominet denies, are documented in the findings of an employment tribunal, which found the company guilty of constructive dismissal and …
Kevin Murphy, 17 Aug 2012
The Register breaking news

Boffins fear killer gamma death blasts from space

Boffins have discovered that short hard bursts of radiation in space caused by colliding stars could be as dangerous to the world's atmosphere as longer, high-energy ones. Studies have already shown that long bursts of gamma radiation from space, such as those caused by supernovae and extreme solar flares, can punch holes in the …
channel

BT's onshoring call centres scheme continues

BT's aim of bringing call centres back to the UK continues to make progress. A Reg reader was told by a business broadband support line that all support for that part of BT's business should be back in the UK by next May. The telco never promised to bring back all its support functions but said last July it aimed to onshore as …
John Oates, 10 Sep 2010
The Register breaking news

Apple: iTunes ascends to the heavens this spring

Apple appears poised to float a flurry of its services into the cloud, as its $1bn data center in North Carolina approaches its start-up date. That bit of news was dropped during the Q&A session at Apple's annual general meeting on Wednesday, according to AppleInsider, which was in attendance at the shareholders-only meeting. " …
Rik Myslewski, 24 Feb 2011
The Register breaking news

Apple 'orders 12 petabytes of storage' from EMC

Apple has ordered a gargantuan 12 petabytes of storage from Isilon – the recent EMC acquisition – to support its iTunes video service, according to report citing an "inside source". According to to StorageNewsletter.com, Apple is "probably" the largest of Isilon's 1,500 customers as of the end of December. That may be an …
Rik Myslewski, 06 Apr 2011
The Register breaking news

Police wrong to spy on peace campaigner

Photographs of a peace campaigner taken during a surveillance operation by the Metropolitan Police should be destroyed, because the images were a disproportionate infringement of his human rights. The court of appeal ruled yesterday in favour of Andrew Wood, who had committed no offence, the Beeb reports. Wood lost his original …
John Oates, 22 May 2009
The Register breaking news

Pub revolt dents music royalties

Music licensing body the PPL saw income rise by two per cent last year to £129m. The rights society gathers royalties from the public performance of sound recordings on radio, TV and in public places and distributes it 50:50 to the recordings owners' labels and the musicians who perform on the recordings. The PPL revealed the …
Andrew Orlowski, 11 Jun 2010
cable

Creative whips out e-reader at AGM

Creative Labs is hoping to grab a piece of the expanding e-reader pie with a net-enabled device it will also pitch as a social networking and general media tablet. According to the Epizenter blog, Creative Labs unveiled the Mediabook at the Singapore firm's annual general meeting last week. The device will feature a touchscreen …
Team Register, 02 Nov 2009
chart

Yahoo! sets date for Icahn showdown

Yahoo! will hold its annual general meeting and shareholder vote on Carl Icahn's proposal to replace the board of directors on 1 August. Icahn confirmed yesterday that he will sack the company's co-founder Jerry Yang if he wins the vote. He said Yahoo! needed to get rid of Yang and at least part of the board of directors in …
John Oates, 04 Jun 2008
The Register breaking news

Sarin quits Vodafone

Arun Sarin is leaving Vodafone. The chief executive departs as the mobile group's profits pass £10bn for the year. Vodafone made revenues of £35.5bn, up 4.2 per cent, and adjusting operating profit of £10.1bn in the year ended 31 March 2008. Earnings per share were up 11 per cent to 12.5p. Sarin will be replaced by his deputy …
John Oates, 27 May 2008
For Sale sign detail

BT brings jobs back from India

BT is bringing call centre jobs back to Blighty from India. The move was revealed in an answer to a shareholder at BT's annual general meeting yesterday. Ian Livingstone, chief executive at the telco, was asked, to huge applause, when he would close the firm's Indian call centres. In response he said he would move about 2,000 …
John Oates, 16 Jul 2009
Computacenter

Computacenter coughs to gloomy first quarter

Computacenter has warned of difficult trading in the first quarter of 2008, especially in France and the UK. The reseller said business in the UK had picked up towards the end of the quarter. They came in at £346.6m, up 1.1 per cent overall but down 1.5 per cent on a like for like basis. Sales in Germany were flat. Non-UK sales …
John Oates, 16 May 2008
cloud

Computacenter: Life's not as bad as we thought

Computacenter shares are up over five per cent today after the company said first half turnover and profits were much better than last year's. The reseller's chairman Greg Lock said: "Following the completion of our unaudited management accounts for the four months, a more meaningful comparison can be made. Group profitability …
John Oates, 15 May 2009
The Register breaking news

Phorm protestors picket BT AGM

Attendees at BT's Annual General Meeting today will have to run the gauntlet of an anti-Phorm protest outside the event at the Barbican, London. Protestors will hear from Baroness Miller, who is tomorrow meeting the Home Office to outline her objections to BT's trial of the snooping technology without informing users. BT …
John Oates, 16 Jul 2008
fingers pointing at man

Atos Origin suffers boardroom coup

French services firm Atos Origin suffered a boardroom coup yesterday - chief executive Phillippe Germond was ousted as chief executive and replaced by ex-finance minister Thierry Breton. The Supervisory Board did not explain why it took the action and merely thanked Germond for his contribution. Thierry Breton becomes chairman …
John Oates, 17 Nov 2008
globalisation

Adaptec CEO resigns

Adaptec's CEO is resigning, and the company is up for sale. This confirms what many people have thought would happen once Steel Partners' gained control of the board after a proxy battle. Sundi Sundresh, who became Adaptec's CEO in November 2005, then already its president, is leaving on January 4th and will be replaced by …
Chris Mellor, 17 Dec 2009
channel

Adaptec cancels AGM

Beleaguered Adaptec has cancelled its November 10 annual general meeting and legacy board chairman Joe Kennedy has apparently resigned. It appears Steel Partners has won the proxy war and has sufficient shareholder consents to carry out its plans of removing Adaptec CEO Sundi Sundaresh and Robert Loarie from the board, reducing …
Chris Mellor, 09 Nov 2009
The Register breaking news

Oracle shareholders enhance Ellison's package

Larry Ellison has not only survived a plan that could have put Oracle shareholders in charge of his annual compensation, he's in line for a bigger payout. Oracle's chief executive stands to receive a total bonus of $13.62m in fiscal 2009, a 25 per cent increase over last year's maximum rewards package of $10.89m. The increased …
Gavin Clarke, 16 Oct 2008
The Register breaking news

Nominet election campaign starts rolling

The election campaign for two Board positions at dot-uk registry Nominet has kicked off, with seven candidates vying for two positions. But despite efforts to revitalise the organisation after several years of infighting, voters will be disappointed to see a cast of the usual suspects on the ballot. Five of the seven candidates …
Kieren McCarthy, 15 Jun 2010
channel

Compel on track for the year

Compel shareholders will hear this afternoon that the company is on track to hit targets for the year. At the annual general meeting this afternoon chairman Ron Clark will say: "Compel's performance in our financial year to date has been in line with our expectations. Generally, market conditions in the sectors of the IT …
John Oates, 07 Nov 2006