September 26, 2006 |
Wal-Mart Stores Inc. said directors on its board would now be elected by a majority of votes cast, rather than by plurality. An incumbent director who doesn't receive a majority vote must "promptly" tender his or her resignation, the company said in a filing with the Securities and Exchange Commission. A board committee would then consider the resignation and recommend whether it should be accepted. Wal-Mart joins FedEx Corp., Home Depot Inc. and H.J. Heinz Co.
June 6, 1990 |
Furon Co. shareholders Tuesday approved a change in how the company's directors are elected, which will make it more difficult for a potential hostile raider to gain control of its board. At the company's annual meeting, shareholders approved the election of directors by majority vote rather than by cumulative vote, which had until recently been required by state law.
May 7, 1993 |
Local school district parcel taxes could be increased by a simple majority vote of the electorate instead of a two-thirds vote under legislation approved by the Senate. A 23-10 vote sent the bill (SB 1) by Sen. Gary K. Hart (D-Santa Barbara), the chairman of the Education Committee, to the Assembly. Last year, 82% of local ballot measures designed to increase school funding were approved by a majority of the voters, Hart said, but only 29% of those met the two-thirds vote requirement.
CALIFORNIA | LOCAL
July 26, 2010 |
It's the oldest and most successful strategy for fighting ballot measures: Argue that a proposal "is not what it seems." Don't necessarily argue against the merits of the measure's intent. That's often a weak case. Instead, strive to confuse. Point to "drafting flaws." Warn of "unintended consequences." As in: This proposition purports to offer free apple pie. You may like apple pie. But don't be fooled. This is not apple pie. It's a crab apple tart.
June 20, 1991 |
Explicit Bill: A bill that would make it illegal to sell records with "explicit" warning stickers to minors failed to generate a majority vote in the Louisiana House of Representatives on Tuesday, but is expected to be voted on again before the end of the week. The measure calls for fines up to $1,000 and six months in jail.
December 12, 2013 |
WASHINGTON - Republican resentment over the Democrats' decision to change Senate rules and eliminate filibusters on nominations has led to a form of trench warfare in the already deliberative body, producing long hours and hard feelings as the Senate finishes the first week of life with its new rules in place. Democrats, after an all-night session that continued uninterrupted Thursday, said the marathon schedule was a small price to pay. Two new judges are now set to join the influential U.S. Court of Appeals for the District of Columbia Circuit, giving Democratic appointees a majority on the court.