Articles about Shareholders

Microsoft CEO Satya Nadella

Microsoft shareholders approve of CEO Satya Nadella's MASSIVE PACKAGE

A revolt by shareholders at Microsoft's annual general meeting over CEO Satya Nadella wages failed to materialize today – and his executive pay package was approved. Company advisory firm Institutional Shareholder Services said it had significant concerns over the size of Nadella's package, which it estimated was worth over $90m …
Iain Thomson, 03 Dec 2014
iPad iBooks app

Shareholders throw the book at Apple for ebook price-fix drama

Apple is once again being sued by its own investors – this time they're irked by the ebook price-fixing brouhaha. The lawsuit alleges the iThing maker part in the scandal harmed its reputation and thus shareholders' investments. According to a court filing obtained by journalist Jeff Roberts, Apple chief Tim Cook, executive Eddy …
Shaun Nichols, 06 Sep 2014

Dead Steve Jobs sued by own shareholders in no-poach pact brouhaha

Apple is once again facing a lawsuit, this time from its own shareholders over its no-poaching-of-staff pacts with rivals. A lawsuit [PDF] filed in California's San Jose District Court earlier this week claims the Cupertino giant misled investors and damaged the value of the company by striking a fishy hiring agreement with …
Shaun Nichols, 13 Aug 2014
paper cut-out men holding hands in linked semi-circle

HP and shareholders to gang up against 'Brit Bill Gates'

Hewlett-Packard and its disgruntled shareholders have settled three lawsuits related to the $10.7bn acquisition of British search specialist Autonomy. But the Autonomy fight is not over – far from it. Both sides have now agreed to co-operate in "potential litigation" against Autonomy’s former CEO Mike Lynch and members of his …
Gavin Clarke, 01 Jul 2014
management management1

HP clinches six week extension on whether to join shareholders' suit against Autonomy

HP has said that it has made decisions about how to proceed with a case brought by its shareholders over the $8.8bn writedown for the acquisition of Autonomy – but it wants six more weeks to mull them over. The company was given until last Friday to think about recommendations by a committee of independent directors over the …

Gates chokes up, WEEPS to Microsoft shareholders amid talk of CEO hunt

Bill Gates today delivered an emotional speech to the Microsoft shareholders, choking up as he described his history with the company and the search for a successor for his friend Steve Ballmer. "We've got a commitment to see that the next CEO is the right person, for the right time, for the company we both love," said Gates, …
Iain Thomson, 19 Nov 2013
Dell logo in crosshairs

Shareholders tell Mike 'Just Do It': Dell to go PRIVATE for $24.9bn

Dell shareholders have given the green light to Mickey D to take the company he founded nearly three decades ago private – again. Approval from investors was never really in doubt after activist investor Carl Icahn, who seems more interested in Apple, revealed that he and partner SAM had given up the ownership battle, clearing …
Paul Kunert, 12 Sep 2013

Shareholders' advisors back Big Mike's deal to take Dell private

Dell continues to insist that founder Big Mike's offer to take the firm private is what's best for it, announcing today that proxy advisory firms Institutional Shareholder Services (ISS), Glass Lewis and Egan Jones are all recommending it. “We are pleased that all three of the nation’s leading proxy advisory firms have …
The Register breaking news

Shareholders hoping to squeeze cash from Kodak are deluded, says court

Kodak shareholders aren't going to get the chance to set up a committee to represent their interests in the reorganisation of the bankrupt firm. Investors in the bust camera firm were trying to get a US bankruptcy judge to allow them to set up the committee, after hearing of the current reorganisation plan, which would see them …

Ex-Autonomy boss Mike Lynch goes nuclear: Claims HP 'misleads' its own shareholders

Mike Lynch, former chief of HP-owned Autonomy, tossed an explosive shareholder letter onto the internet today – just hours before HP's annual investors' meeting in Santa Clara, California. The scathing missive alleges Hewlett-Packard has been "misleading" its shareholders about the reasons behind the computer giant's $8.8bn …
Jack Clark, 19 Mar 2014
Dell logo in crosshairs

Dell shareholders head in for second vote on Big Mike's plan

Dell shareholders are set to meet in Texas again today to see whether they can agree to go with Big Mike's plan to take the firm private or prefer to wait for a better offer. Investors are still pretty dubious about their founder's $24.4bn buyout offer for the firm, sources whispered to Reuters, with many feeling that the $13.65 …
Larry Page's new yacht, 'Senses'

Hey, HP shareholders! Mike Lynch is set to buy a 180-foot superyacht with his Autonomy loot

Exclusive Mike Lynch, the man whose sale of software biz Autonomy to HP resulted in an $8.8bn writedown at the US titan and ongoing probes by the Serious Fraud Office, the US Justice Department and the SEC, is set to splash out some of his gains on an enormous yacht. Sources tell The Register that Lynch is engaged in purchasing a …
Paul Kunert, 12 Sep 2014
The Register breaking news

Clearwire board to shareholders: Go on, grab that Dish cash

The board of Clearwire has unanimously recommended that shareholders take the Dish cash, despite the fact that the broadband wireless firm's biggest shareholder is dead set against the deal. That shareholder is Sprint, which already owns the majority of Clearwire and has offered $3.40 per share for the rest. But, just days …
Bill Ray, 13 Jun 2013
sea_hp_sink

HP shareholders advised to give chairman Ray Lane the boot

Two leading proxy advisors are trying to convince HP shareholders to boot out several directors over the ill-fated acquisition of Autonomy, including chairman Ray Lane. ISS, the world's top proxy advisor - a firm hired by shareholders to make recommendations and sometimes cast votes on their behalf - has told HP stockholders to …
The Register breaking news

Oracle suffers premature remuneration: Spaffs $900m on shareholders

Oracle is paying shareholders $867m in quarterly dividends early to beat a possible 2013 US tax hike. The company declared on Monday an accelerated second, third and fourth quarter cash dividend of $0.18 per share of outstanding common stock. The bonanza will be paid on 21 December 2012 instead of quarterly in 2013. Oracle’s …
Gavin Clarke, 04 Dec 2012
Dell chairman and CEO, Michael Dell

Dell buy-out latest: Big Mike makes shareholders an offer they can't refuse

Dell has once more put off the vote on whether company founder Big Mike can buy out the PC-making titan - after he and his biz partner Silver Lake Partners slightly upped their offer to shareholders and demanded a change to the voting rules. The computer giant's special board committee postponed the stockholder vote on Mikey …
Google sign outside Mountain View headquarters

Google's latest mega-earnings fail to impress shareholders

It's hard to be disappointed about quarterly revenues of $15.42bn – unless you're Google, that is, and the analysts expected you to bring in even more. The online ad-slinger underperformed in both revenue and earnings per share during the first quarter of its fiscal 2014, based on the average estimate gathered by Yahoo! Finance …
Neil McAllister, 16 Apr 2014
The Register breaking news

Cable & Wireless Worldwide shareholders OK Vodafone takeover

More than 99 per cent of voting shareholders have approved the takeover of Cable & Wireless Worldwide by Vodafone, despite suggestions that one of the largest was holding out for more money. Vodafone put £1,044m on the table at the end of April, but Orbis Investment Management threatened to vote its 19 per cent holding against …
Bill Ray, 19 Jun 2012
The Register breaking news

Yahoo! punts! $3.6bn! to! shareholders! after! Alibaba! deal!

Yahoo! has closed the $7.6bn stage of its sale of stock to Alibaba, bagging $4.3bn in cash after taxes and fees. Alibaba has long wanted the share in its stock sold back to Yahoo! so it can have greater independence and go for its own stock market flotation in the next few years. But it took over two years of negotiations for …
gavel_judgment_channel

HP knew Autonomy was a duff buy, claim HP shareholders in $1bn suit

HP ignored numerous warning signs about the state of Autonomy's finances and accounting irregularities at the firm before acquiring it for $11bn, shareholders have alleged in a $1bn lawsuit. The investors are suing HP's current CEO Meg Whitman, her predecessor Leo Apotheker, former HP chairman Ray Lane and Autonomy founder Mike …
The Register breaking news

MetroPCS shareholders approve sweetened T-Mobile merger

Shareholders in US mobile minnow MetroPCS have approved an improved offer from Deutsche Telekom's T-Mobile USA subsidiary after the Germans sweetened the terms of their offer. Institutional investors had balked at the merger, saying it loaded the company down with too much debt. But Bloomberg reports they have accepted a deal …
Iain Thomson, 24 Apr 2013

'Conscious uncoupling' of HP 'Ink', HP Enterprise: It's the shareholders, stupid

Just a few weeks ago, anyone would have said that HP CEO Meg Whitman was seemingly cast from the same mould as former Brit politician Mrs Thatcher: the lady was not for turning. That perception of the CEO, who has told people for years that she planned to keep the PC and printer division part of the group because "we are better …
Paul Kunert, 06 Oct 2014

Investor lobs sueball at BlackBerry, says it 'misled' shareholders

A BlackBerry shareholder has filed a lawsuit accusing the company and its chief exec and CFO of inflating its share price with unrealistic promises about BB10, leading to thousands of investors getting burnt. The suit was filed in federal court in Manhattan, New York, by one Marvin Pearlstein, in the names of "thousands" of …
Bill Ray, 07 Oct 2013

HP shareholders bay for blood in $19 BEELLION writedown aftermath

Updated Hewlett-Packard investors are rearing up against Meg Whitman’s board, demanding senior heads roll over several multi-billion-dollar failed acquisitions, including HP's 2011 $11bn buy of Brit software company Autonomy - which it wrote down to the tune of $8.8bn late last year. The Autonomy writedown at the tail-end of 2012 was HP …
Gavin Clarke, 26 Feb 2013
Sky 3D football

Sky: We're no longer calling ourselves British. Yep. And Broadcasting can do one, too

BSkyB has ditched the words British and Broadcasting from its name, after the media and telecoms company completed its takeover of Sky Italia and Sky Deutschland yesterday. From now on, it will simply be known as Sky, but shareholders will be asked to approve the name switch at the firm's AGM on 21 November. Its company stock …
Kelly Fiveash, 13 Nov 2014

HP in 'serious' settlement talks over Autonomy legal bust-up

Hewlett-Packard seems poised to settle a lawsuit with shareholders over its $10.7bn purchase of Mike Lynch’s software company, Autonomy. The computer company said in a statement that it is in “serious discussions” to settle the suit, brought in November 2012 by angry shareholders. “No final deal has been reached yet,” HP said …
Gavin Clarke, 30 Jun 2014
Oracle's Iron Man 2 ad

European Commission okays Oracle's MICROS gobble

Oracle's US$5bn purchase of integrated hardware-maker MICROS has been approved by the European Commission. News of the approval, which landed last Friday, doesn't mean the deal is over the line: Oracle is still reminding shareholders that its offer expires on Tuesday, September 2nd. If Oracle does gobble MICROS it will give the …
Simon Sharwood, 01 Sep 2014
Job cuts jpeg

'Careful management of headcount' for Juniper after tepid quarter

Juniper Networks has reported a difficult third quarter that left CEO Shaygan Kheradpir “disappointed” by “lower-than-anticipated demand from service providers, particularly in the U.S.” Revenue was $1,126 million, down eight per cent from 2014's second quarter and five per cent compared to the same Q3 in 2013. Non-GAAP net …
Simon Sharwood, 24 Oct 2014
Vulture

Activist investors DESTROY COMPANIES. Don't get me started on share dealings...

Comment Public companies have four groups of stakeholders: shareholders; execs paid with share performance in mind; other workers; and their customers. Shareholders and share value-incentivised execs are ripping the heart out of many public companies, siphoning off their wealth, going for short-term in favour of long-term interests, and …
Chris Mellor, 09 Oct 2014

Alibaba: Just kidding about that $21bn IPO ... we actually want $25bn

Chinese web bazaar Alibaba has raised the goal for its upcoming stock market debut in the US. The company said in an updated filing to US financial watchdog the SEC that it is now seeking out a maximum per share price of $68 – setting its initial public offering goal to $25.03bn. The company previously sought to haul in $21bn …
Shaun Nichols, 16 Sep 2014
ello

Hello, Ello. Still no ads and no features to sell. What do? Bag $5.5m

Hipster-chic anti-Facebook wannabe Ello is today $5.5m richer, apparently – and hopes to silence critics of its no-ads manifesto with a renewed vow to never sell adverts nor user data. The social network upstart has declared itself a public benefit corporation with a statement never to plonk ads on its site or flog private …
Shaun Nichols, 23 Oct 2014

Overland Storage becomes part of Sphere3D

Overland Storage is merging with Sphere 3D; two loss-making companies hoping to come good by coming together. Overland has become a wholly-owned subsidiary of Canadian Sphere 3D, and Sphere 3D Corporation will trade on Nasdaq. Both boards approved the deal as did Overland's shareholders; 99 per cent of the shares were voted in …
Chris Mellor, 05 Dec 2014
Fight sticker

EMC daddy Tucci: YES, there has been too much internal 'friction'

EMC uber-CEO Joe Tucci has admitted that it has been a mistake to allow too much competition inside the federation, which must be music to activist shareholders' ears. The admission came at the Wells Fargo Tech, Media and Telecom Conference in New York last week. Wells Fargo EMC Tucci was asked: "Can you... talk about how you …
Chris Mellor, 17 Nov 2014
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

HP gets 'Playboy model and the ex-CEO' lawsuit kicked out ... AGAIN

A lawsuit against HP over alleged violations of an internal ethics code relating to ex-CEO Mark Hurd’s alleged misbehaviour has been dismissed once again after shareholders failed to make their case. The shareholder plaintiffs alleged securities fraud for the second time, claiming that back in 2006 when HP adopted a “Standards …
HP

Judge nixes HP deal for director amnesty after $8.8bn Autonomy snafu

HP's plan to defend its directors in the Autonomy scandal – and present a united front against the Brit business's former execs and their auditors – has been thrown into doubt by a US judge. Last month HP announced a settlement with lawyers representing its own shareholders, who had brought legal action against HP: the …
Iain Thomson, 25 Aug 2014

Beware of merging, telcos. CHEAPER SPECTRUM follows

Worstall on Wednesday What consumers end up paying for mobile phone services isn't the only price we're worried about. Oh aye, thought I, as I scanned El Reg's coverage of mobile operators asking for permission to merge. I can see their game here: or, perhaps, I suspect what they'd rather we didn't think about. That being that what we, as consumers …
Tim Worstall, 17 Dec 2014

Breaking news: Man with Apple shares really wishes they were worth even more

Apple's $603,580,000,000 market cap – the largest ever in history – isn't big enough for Carl Icahn. The activist investor said Thursday that Apple is UNDERVALUED, and CEO Tim Cook should do more to massively increase the stock price. Icahn, who owns 53 million shares in Apple, thinks the $101 stock price is too low, and he has …
Shaun Nichols, 09 Oct 2014
Joe Tucci EMC

Hey, Joe. Give EMC the gun and SHOOT IT DOWN - before someone else messes 'round town

Comment What should we do about the EMC Federation and the coming retirement of its founder and architect Joe Tucci? Activist investors want it dismantled to provide more value for shareholders. Nobody sees a replacement candidate for Joe Tucci; someone who could hold the ring while the three strong and capable CEOs that run EMC …
Chris Mellor, 23 Oct 2014
HP CEO Meg Whitman

Meg Whitman: The lady IS for TURNING. HP to lob printers'n'PCs OVERBOARD

HP has confirmed the industry’s worst kept secret – since yesterday anyway – that it is to carve the business in two, with printers and PCs on one side and all things enterprise on the other. This is a massive U-turn by CEO Meg Whitman, who has claimed repeatedly the organisation would not be split – as had been imagined by her …
Paul Kunert, 06 Oct 2014
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 Samsung Galaxy S5 in 'copper'

Samsung makes investors happy with $1bn share buyback

Samsung has announced a plan to buy back $2bn worth of its shares, after investors pressured the firm for higher returns. The Korean chaebol will buy back 1.65 million common shares and 250,000 preferred shares in its first buyback since 2007, and the second-largest ever. Sammy said in a regulatory filing the stock repurchases …
The Register breaking news

Shareholders! attempt! Yahoo! coup!

Troublemaking Yahoo! shareholder Daniel Loeb, head of hedge fund Third Point, has filed with the SEC to appoint himself - and three other directors nominated by him - to the board of the beleaguered web firm. Loeb has been a constant agitator of Yahoo! since the web biz first wobbled, and called for the resignations of co- …

Daisy Group slurped by VC consortium, bids to cancel AIM listing

AIM-listed comms and tech outfit Daisy Group Tuesday confirmed that the previously agreed 185 pence-per-share bid from a consortium led by CEO Matthew Riley has been declared unconditional. The offer from Riley, Penta Capital, and long-term investor Tosca Fund, which values Daisy at near £500m, was agreed in October, some months …
Paul Kunert, 09 Dec 2014

Autonomy's ex-chief beancounter tries to kill HP investor settlement

Autonomy's former chief financial officer has sought to block HP from settling three shareholder lawsuits over its botched acquisition of the British software company. The former exec claims HP will use the settlements to "forever bury" its supposed culpability in the calamitous buy. Sushovan Hussain, who served as Autonomy's …
Jack Clark, 21 Jul 2014
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Bolshy investor pushes Juniper Networks into restructuring plan

Juniper Networks has bowed to pressure from hedge fund Elliott Management, accepting demands from the fund, apparently including appointing two directors it proposed. Elliott has been campaigning for change at the company, recommending that it return some of its capital to shareholders and nominating two directors to the board. …

Compuware slurped by private equiteer for $2.5bn

Private equity firm Thoma Bravo will acquire software house Compuware for about US$2.5bn. Shareholders will be delivered about $10.92 per share, a 17 per cent premium on last week's closing price for Compuware stock - not bad for a company once known as "the elephants' graveyard". Compuware chair Gurminder S. Bedi's canned …
Simon Sharwood, 03 Sep 2014
cloud

Novell shareholders approve Attachmate buyout

The shareholders of beleaguered systems software supplier Novell has approved the $2.2bn takeover of the company by Attachmate. According to an 8K filing with the US Securities and Exchange Commission, shareholders representing 68.1 percent of the 352.8 million outstanding shares of Novell showed up for the special meeting or …

AW, SNAP, Oracle. You've shrivelled up poor Larry Ellison's package even more

Oracle’s soon-to-be-ex-CEO Larry Ellison took home slightly less money in fiscal 2014 than the previous year, after some rumblings of criticism at the sizeable nature of his big package. The poor billionaire bagged just $67.3m in compensation, instead of the $78.4m he managed to make off with in fiscal 2013, a markdown of 15.5 …
The Register breaking news

Apple shareholders nix disclosure of Jobs succession plan

Apple shareholders have rejected a proposal that would have required the company to disclose its CEO succession plans. So we still have no way of knowing how the company is handling the ongoing health problems facing current CEO and spiritual leader Steve Jobs. The succession plan proposal was floated by the Central Laborers' …
Cade Metz, 23 Feb 2011