Articles about Shareholders

Netflix investor sues vid giant for 'covering up' subscriber stats stumble

Netflix is facing a class-action lawsuit from one of its investors, who claims executives withheld bad news from shareholders – and cost them billions of dollars in losses. The video-streaming giant is accused of failing to promptly warn shareholders that raising the cost of its monthly subscriptions was putting off potential …
Shaun Nichols, 2 Mar 2017
Photo by Guillaume Paumier

The Schmidt's hit by the fan: Alphabet investor sues Google bigwigs over EU antitrust ruckus

An Alphabet shareholder is suing company executives – including exec chairman Eric Schmidt, CEO Larry Page, and president Sergey Brin – for their roles in Google's EU antitrust case. Robert Jessup has filed suit [PDF] in a California state court against more than three dozen people, including the Google cofounders and long- …
Shaun Nichols, 26 May 2016
decline

Symantec's definition of transformation: Take the profit made a year ago and burn a quarter of it

Symantec has announced its results for the third quarter of fiscal 2016 and they aren't looking pretty. Revenues are down 6 per cent and profits plummeted by 23 per cent. In a conference call following the earnings announcement, CEO Michael Brown said the Silicon Valley firm was well on its way with a three-year restructuring …
Iain Thomson, 5 Feb 2016

Shareholders pen outraged letter about Ellison's bulging package

Oracle and its founder Larry Ellison are facing fresh calls from shareholders to change the company's high compensation structure for executives, and stop ignoring requests to communicate with directors. Dutch and UK shareholder groups PGGM and Railways Pension Trustee Company Limited have more than 2.8 million members and $ …
Kat Hall, 26 Jan 2015
management regulation1

HP's shareholder settlement deal over Autonomy merger DENIED – again

A US district judge has thrown out a proposed settlement deal of a sueball lobbed at HP by some of the company's shareholders, after it bought Blighty software outfit Autonomy for $10.7bn in 2011. "The shareholders appear to be relinquishing a whole universe of potential claims regarding HP governance and practices with no …
Kelly Fiveash, 20 Dec 2014
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 $ …
Iain Thomson, 3 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 …
Shaun Nichols, 6 Sep 2014

eBay stockholders! There's MORE to COME, thunders Carl Icahn

Activist investor Carl Icahn is continuing his campaign to get eBay to spin off PayPal, writing yet another letter to shareholders that said he hadn't even begun to fight to get his way. "Stockholders, please stay tuned. There is more to come – much more," Icahn threatened in his latest open letter (emphasis his own). 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

Oracle investors get hot under collar over execs' bulging packages

Three long-term investors in Oracle are planning to protest against the firm's executive pay policies at its annual shareholder meeting today. Pension funds from Britain, the US and the Netherlands wrote to Oracle to express "severe concerns" about how much top execs were getting paid and the accountability of the board. "At …
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 …
Iain Thomson, 16 Aug 2013
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 …

BlackBerry's Heins beams: We WILL make some cash, just you see

BlackBerry chief exec Thorsten Heins has asked investors for patience while the company-formerly-known-as-RIM tries to figure out how to make money again. Heins said that he was open to any options that might give shareholders some return from their investment, including licensing deals or even selling off the firm, Reuters, …
Dell chairman and CEO, Michael Dell

Michael Dell: 'Cash in your shares, we are in a mess'

Dell is such a risky bet that it's a wonder shareholders invested their hard-earned cash in the stock in the first place. At least that is the impression given by Texan Mike, who outlined the challenges of remaining a PLC in an SEC filing as he steps up efforts to woo investors weeks before they vote on his $13.65 per share …
Paul Kunert, 21 Jun 2013
The Register breaking news

Nokia shareholder tells CEO Elop he's going to hell

Nokia CEO Stephen Elop has been taking flak from angry shareholders at the company's annual investor's conference, with accusations flying that he's running the company into the ground by keeping Nokia as a Windows-only operation. "You're a nice guy ... and the leadership team is doing its best, but clearly, it's not enough," …
Iain Thomson, 8 May 2013
Funnel of cash. Credit: via SXC – http://www.sxc.hu/profile/Leonardini

'Disturbed' Dell investors could tank private buyout

According to reports, Dell's largest independent shareholder, Southeastern Asset Management, is not keen on the $24.4bn buyout bid, and it's not the only one. Sources whispered to Reuters that Southeastern and other investors think the deal undervalues their shares at $13.65 each and were hoping for more like $20 a share. …
The Register breaking news

Shocked Zynga investors get a penny per share

Zynga has shocked analysts by somehow coming up with a cent in earnings for each one of its shares. The online gaming firm, which is struggling to retain its users, was expected to come up with a loss of three cents per share for investors, but managed to grab them a penny instead. That did not make the rest of its financial …
The Register breaking news

Judge OKs Novell investor suit over Attachmate sale

A judge in the Delaware Court of Chancery has ruled that members of Novell's board who approved the company's sale to Attachmate must defend their decision in court against allegations that they acted in bad faith by ignoring competitive offers from other parties. Novell's board of directors voted to accept Attachmate's $2.2bn …

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