Companies reward shareholders by way of dividend payment or share buybacks. Both are done from tax-paid reserves and company profits. Such payments not only reward shareholders, but are also used as tools of wealth distribution and efficient allocation of capital. For example, a company that’s in a mature businessmay not find viable opportunities to deploy … Read more
(Adds details from the company’s proxy filing in paragraph 6) May 6 (Reuters) – Hedge fund Shah Capital on Monday urged Novavax shareholders to vote against the re-election of three directors and proposals related to executive compensation, weeks after pushing for a board shakeup at the COVID-19 vaccine maker. Shah Capital, the biotech’s third-largest shareholder … Read more
(Bloomberg) — Institutional Shareholder Services urged Boeing Co. investors to vote against a $32.8 million pay package for its chief executive officer, citing concerns over a special equity award and a “sizable increase” in his long-term incentive grant. CEO David Calhoun’s 45% pay jump from the prior year should be rejected at the company’s annual … Read more