Articles about Shareholders

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
Dell logo in crosshairs

Judge says some top Dell shareholders are plum out of luck in share buyout beef

Dell has successfully whittled away at a lawsuit brought against it by major shareholders who think Michael Dell's 2013 buyout of the firm came with too small a price tag. In a Monday ruling, the Delaware Chancery Court found that five large institutional investors were ineligible to participate in the suit because the way in …
Neil McAllister, 13 Jul 2015
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

Imation shareholders facing proxy FUD-flinging war at AGM

Proxy FUD poo is being thrown around at Imation. Activist investor The Clinton Group has its hooks into Imation and the Imation board is pleading with shareholders to reject Clinton's candidates at the May 20 AGM. The Clinton Group thinks five years of declining revenues and losses under CEO Mark Lucas and the current board is …
Chris Mellor, 13 Apr 2015

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
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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 …
Funnel of cash. Credit: via SXC – http://www.sxc.hu/profile/Leonardini

SOLD: Emulex – for 34% less than shareholders were offered 6 years ago

Comment Data networking outfit Emulex, harried by activist investor Elliott Management, has given up its independence and shopped itself to Avago Technologies for $606m in cash – $8/share – giving execs and investors a nice windfall. As well as Emulex, Avago also acquires the firm's mainstay Fibre Channel HBA business, its nascent …
Chris Mellor, 26 Feb 2015

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
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 …

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 …

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

Shout, shout, Elliott loses out. Samsung will merge with itself after all

Shouty US investment firm Elliott Associates has itself been shouted down by Samsung shareholders, who today voted in favour of the company's mega merger with itself. Ever since becoming a Sammy shareholder in June, Elliot has been vociferous in its opposition to the proposed merger with fashion, leisure and construction biz …
Kat Hall, 17 Jul 2015
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 …
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
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

Samsung promises win over hedge fund Elliot as investor shrieks 'NO'

A Samsung exec has vowed to offer up a "big" win in the company's "war" against shouty investment firm Elliot, as the battle hots up over its objection to Sammy's imminent merger. In May, Sammy announced its merger with fashion, leisure and construction biz Cheil Industries, a company in which the tech giant already owns a …
Kat Hall, 15 Jul 2015

Samsung/Cheil merger goes on: Soz Elliot, not this time, says court

A court in South Korea has rejected an attempt by US activist fund Elliott Associates to overturn a merger between Samsung and Cheil Industries. In May, Sammy announced its merger with fashion, leisure and construction biz Cheil Industries, a company in which the tech giant already owns a sizable stake. But after recently …
Kat Hall, 01 Jul 2015
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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
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
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 …
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 …
Selection of Australian banknotes

TPG ups offer for iiNet to AU$1.56bn, includes clever cash kicker

Australia's TPG Telecom has increased its offer for internet service provider iiNet, leapfrogging a counter-bid by the M2 group to emerge as the preferred buyer. TPG upped its offer by 11 per cent, to about AU$1.56bn or $9.55 a share, payable in cash or TPG stock. Rival suitor M2 Group is offering $9.67 per share, but iiNet's …
Simon Sharwood, 06 May 2015
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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 …
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

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
Marc Benioff of Salesforce. Pic: Techcrunch

Benioff's Bulging Benefits: Salesforce CEO handed massive pay cheque

Salesforce.com's chief executive has been handed a massive $39.9m (£25.7m) pay packet, despite objections from a number of major shareholders related to its modest record of profitability. Shareholders narrowly approved the package for Benioff and the six other directors, totalling $81.6m (£53m) in 2015. Dutch pension company …
Kat Hall, 11 Jun 2015
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Shouty investor Elliot trains guns on Samsung merger

Activist hedge fund Elliot Associates is to take legal action against Samsung over its merger, widely seen as a move to consolidate the power of the South Korean firm's controlling Lee family. Last month, Sammy announced its merger with fashion, leisure and construction biz Cheil Industries, a company in which the tech giant …
Kat Hall, 09 Jun 2015

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
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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

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

'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
Atomic_explosion_cloud

Imation CEO voted off board in proxy war bombshell

Imation's CEO has been provisionally voted off the company's board, as shareholders supported the activist investor Clinton Group in its view of Imation's alleged leadership failures. This AGM proxy vote result still has to be certified, but that looks a formality. The Clinton Group said Imation's long revenue decline and …
Chris Mellor, 21 May 2015

Using leather in 'leccy cars is 'unTesla', rages vegan shareholder

Electric car maker Tesla needs to turn vegan by dropping leather upholstered interiors or play its part in the destruction of the Earth, according to some of its shareholders. Talking at yesterday’s AGM, Mark Peters and his vegan wife Elizabeth Farrell Peters – both Tesla fans who took a financial punt on the government- …
Paul Kunert, 10 Jun 2015
heart.russia

Russia will fork Sailfish OS to shut out pesky Western spooks

Russia's Minister of Communications and Mass Media, Nikolai Nikiforov, has taken part in talks to form a consortium that will aid Russia in developing a custom mobile OS, reportedly a forked version of Jolla's Sailfish OS, to lessen its dependence on Western technology. Nikiforov held a working meeting last week with the …
Roughly 150kg of gold

Gold to bind Phoenix IT, Daisy, Cisco

Phoenix IT is likely to rekindle its partnership with Cisco when the Daisy Group completes the acquisition of the services provider, as expected in the not-too-distant future. In late 2013, El Chan revealed Phoenix was among 1,000 companies across EMEA told by Cisco that their right to sell its kit was to be removed because they …
Paul Kunert, 29 May 2015
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Daisy Group: Yep, we're gonna eat you all up, Phoenix IT Group

Directors at Phoenix IT Group are “unanimously” backing the 160-pence-per-share offer that was formally made by Daisy Group this morning, valuing the entire share capital at close to £135m. Discussions between LSE-listed Phoenix and the suitor were made public last week, leaving Daisy 28 days to come back to the table with a …
Paul Kunert, 27 May 2015
The Incredible Shrinking Man

What's dying on the vine and rhymes with IBM?

It was business as usual for IBM in the second quarter of its fiscal 2015 – which in Big Blue's case means it once again posted revenues that were lower than the same period a year ago. It was the thirteenth quarter in a row of which that could be said. Of course, to hear CEO Ginny Rometti tell it, it's still all part and …
Neil McAllister, 20 Jul 2015
Stock market. Pic: Alberto Carrasco Casado

Major Colt Group investor bids to take sickly biz private again

Fidelity, the majority shareholder in LSE-listed telecoms biz Colt Group, has bid 190 pence per share to buy the remaining stock and take the ailing firm private. The proposed transaction equates to a 21 per cent premium on yesterday’s closing share price and is 34 per cent up on the rolling average for the past twelve months, …
Paul Kunert, 19 Jun 2015
Tesla Model X e-SUV dashboard

Tesla loses $100 million after Chinese problems

Elon Musk was expecting it, but a little trouble in big China has hit Tesla's bottom line hard. The company lost $107.6m in Q4 2014, up from a loss of $74.7m for the previous quarter. Musk blames this on a weak market in China and delays with getting the new P85D to customers “We built 11,627 vehicles in Q4, thus achieving our …
Simon Rockman, 12 Feb 2015

BT thinks EE customers will FLEE from enlarged four-play mobe biz

BT has warned its shareholders that a tumble in mobile prices is a factor that has to be considered ahead of voting to agree the £12.5bn purchase of EE. In a 104-page circular of legalese (PDF) sent to BT shareholders, the telecoms behemoth recommends that shareholders vote to agree the deal. The company says that this is part …
Simon Rockman, 02 Apr 2015

US FINNISHes Nokia-AlcaLu acquisition waiting period

The huge Nokia-Alcatel Lucent acquimerger transaction has cleared one of its major hurdles, with the US Department of Justice (DoJ) clearing the merger for takeoff. Specifically, the two companies have announced – Nokia's post is here – that the DoJ has granted an early termination to the antitrust waiting period in the US. …
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Facebook unveils SECRET logo furtle – in a TWEET

Facebook has revealed its new logo - somewhat bizarrely, in a Tweet. The Social Network™'s product designer Christophe Tauziet popped out this missive eary on July 1st. Say hello to the new Facebook logo pic.twitter.com/ofoFm4JQmK — Christophe Tauziet (@ChrisTauziet) June 30, 2015 Under Consideration reports that the new logo …
Simon Sharwood, 02 Jul 2015
Railway line split. Pic: Ian Sane

Qualcomm gazes at its navel while stroking the surgeon's saw

Qualcomm is pondering a breakup as it embarks on a major corporate soul-searching exercise prompted by activist investors, according to reports. The firm may announce the strategic review when it reports fiscal third-quarter results on Wednesday, sources told The Wall Street Journal. It follows reports in April that activist …
Kat Hall, 21 Jul 2015
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

Lockheed Martin's bored with UK.gov IT and going back to fast jets

US defence giant Lockheed Martin is considering flogging off its under-performing government IT division. During an announcement about its second-quarter financial results the company said it will conduct a strategic review of the government IT infrastructure services business. The programmes to be reviewed represent …
Kat Hall, 22 Jul 2015

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