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July 22, 1986 | Bill Ritter
Dissident shareholder Ed Schmidt claims he has 153,078 revocable proxies ready to vote at Crown Bancorp's Aug. 1 annual meeting. That's about 24% of Crown's outstanding shares. Schmidt disclosed the number Thursday during a deposition for Crown's lawsuit against him, charging that he has illegally obtained the proxies.
January 24, 2014 | By The Times editorial board
Commuter buses are usually pretty noncontroversial. Governments like them because they get single-passenger cars off the road and reduce air pollution. And riders like them because they can relax on the way to and from work and save on gas and other expenses. Cleaner, greener and more convenient - everyone's happy, right? Not in San Francisco, where there's been a growing fight over the shuttle buses provided by Google, Facebook and other tech companies to ferry workers from their San Francisco homes to their Silicon Valley jobs.
April 13, 1993 | From Times Staff and Wire Reports
New Allegations Made in ICN Flap: A Beverly Hills stockbroker alleged in a lawsuit that Milan Panic, chairman of ICN Pharmaceuticals in Costa Mesa, broke federal law by continuing to transact ICN business while serving last year as prime minister of Yugoslavia. The lawsuit, filed in U.S. District Court in New York by broker Rafi Khan, also disputes allegations against Khan by ICN, which is battling his attempt to oust Panic and the rest of the company's board.
January 12, 2014 | Doyle McManus
The first war I covered as a foreign correspondent was the civil war in Lebanon. When the conflict began in 1975, it was just a series of skirmishes, a nasty but limited little war for control of a small nation. Then other countries got involved: Syria, Iraq, Libya and Israel. They supplied money and weapons to their favored factions, turning an internal struggle into a longer, more deadly proxy war in which outside powers fought one another through surrogates. Eventually even the United States sent troops, which is why 241 Americans died in a bombing in Beirut in 1983.
A Beverly Hills stockbroker alleged in a lawsuit filed Monday that Milan Panic, chairman of ICN Pharmaceuticals, broke federal law by continuing to transact ICN business while serving last year as prime minister of Yugoslavia. The lawsuit, filed in U.S. District Court in New York by broker Rafi Khan, also disputes allegations against Khan by ICN, which is battling his attempt to oust Panic and the other seven members of the company's board.
January 18, 1987 | T. BOONE PICKENS Jr., T. Boone Pickens Jr. is the general partner of Mesa Limited Partnership and chairman of the United Shareholders Assn
More than 50 years ago, as Congress breathed life into a new watchdog agency called the Securities and Exchange Commission, the necessity of equal shareholder voting rights in corporate America was clearly understood. "Fair corporate suffrage is an important right that should attach to every equity security bought on a public exchange," the House Commerce Committee reported to Congress in 1934. "Management should not be permitted to perpetuate themselves by the misuse of corporate proxies."
January 31, 1992
CEOs really owe much to the U.S. Postal Service. Once a year they obtain a vote of confidence from their constituency (the shareholders) by mailing them a proxy. It provides an easy way to secure the vote which management (the board of directors and the CEO) want. Simply sign, date and use the postage-free pre-addressed envelope. The results are astounding. STANLEY C. PEARSON Riverside
September 19, 2009 | Bob Pool
Adrienne Ferguson had retribution on her mind as she made her way along West Jefferson Boulevard clutching a stack of papers. She wasn't reacting to a perceived injustice done to her. She was taking action for a stranger who claims to have a beef with the C&H Auto Center, a small automobile body shop down the street. Ferguson and a partner operate Alibis & Paybacks, a Los Angeles firm that describes itself as "the ultimate revenge" service, offering paybacks both large and small.
April 26, 1985
Sterling Software of Dallas said it will try to solicit enough proxy votes by shareholders of the Woodland Hills software company to replace Walter F. Bauer, Informatics General's chairman, with its own chairman, Samuel E. Wyly. The announcement was made after Informatics rejected Sterling's sweetened $26-a-share takeover bid. Sterling also said it will use proxies to try to defeat the anti-takeover measures that Informatics is proposing for its May 9 shareholders meeting. Sterling owns 9.
August 27, 1995 | Peter Rainer
Those pristine perfectionists, the Coen brothers, do it again with a technically dazzling tribute to the films of the '40s that is more than a little cold around the heart. However, Tim Robbins (pictured) is terrific as a country boy who inadvertently gets caught up in a scheme to destroy a major corporation (and who invents the Hula-Hoop in the process).
January 2, 2014 | By Ramin Mostaghim and Carol J. Williams
TEHRAN -- Two deadly bombings in Beirut over the last week and the arrest of a fugitive Saudi militant in the Nov. 19 attack on Iran's embassy in the Lebanese capital reflect the escalating spillover of a proxy war in Syria. Iranian Shiite Muslims and rival Sunnis in Saudi Arabia have been battling for years for dominance in the Middle East. But the rivalry has intensified since May, when the Lebanon-based and Iranian-backed Hezbollah militia made clear it had intervened in Syria's civil war on the side of the embattled Shiite-aligned government.
September 10, 2013 | By Mark Olsen
World premiering Tuesday night at the Toronto International Film Festival is the psychological thriller “Proxy,” about two women whose lives become intertwined in the aftermath of a vicious attack. Directed and co-written by Zack Parker, the film opens with a brutal assault against the pregnant Esther (Alexia Rasmussen), an attack that causes her to lose her baby. In a support group for grieving parents she meets Melanie (Alexa Havins), who provides a shoulder to lean on. From there the motives and intentions of both women get murkier and murkier.
April 5, 2013 | By Mark Rogers
It's "proxy season" again for most public companies - called that because most shareholders submit their votes via proxy rather than attend the companies' annual meetings in person. This year's season represents a critical juncture in public company corporate governance because of the 2012 season, which earned the moniker "Shareholder Spring" in some circles. The reference was to the dramatic "Arab Spring" across the Middle East, which was marked by wide-scale protests seeking reform within autocratic governments.
October 5, 2012 | By Shan Li
The chairman and three directors of troubled teen retailer Wet Seal Inc. are leaving and will be replaced by nominees from an activist shareholder that had been fighting to remake the board. The Foothill Ranch retailer, which operates about 550 stores under the Wet Seal and Arden B. brands, said Friday that Chairman Hal Kahn and board members Jonathan Duskin, Sidney Horn and Henry Winterstern have resigned. That concludes an ongoing struggle with investor group Clinton Group, a private equity firm that holds a nearly 7% stake in the company.
August 23, 2012 | By Sheri Linden
Ghastly events unfold in the taut and unsettling "Compliance," propelled by a logic so twisted it feels like the premise of a psychological experiment. Wielding only a prepaid phone, an aberrant compulsion and a false identity, a man holds a group of strangers in his sway by remote control, with devastating results. Writer-director Craig Zobel has shaped his material not as a shocker but as a clear-eyed exploration of some of the darkest, and most garden-variety, mysteries of human behavior.
August 7, 2012 | By Patrick J. McDonnell, Los Angeles Times
BEIRUT - Iran's top security official on Tuesday reaffirmed Tehran's support for Syrian President Bashar Assad as the United States warned of a potential proxy war in Syria and an influx of terrorists to the strife-torn nation. Iran's security chief, Saeed Jalili, met in Damascus with Assad, who appeared on state television for the first time in two weeks. His absence had spurred rumors that Assad may have left the Syrian capital amid soaring violence and after a bombing last month killed four of his top aides.
May 7, 2012 | By Kathleen Hennessey and Lisa Mascaro, Washington Bureau
WASHINGTON - As lawmakers return to the Capitol this week, Congress will launch into a summer of political gamesmanship that will turn floor fights into proxy battles for the presidential campaign. The votes will do little to resolve crucial issues facing the country. But they will establish themes that help define President Obama and his Republican challenger, Mitt Romney, in the minds of voters. Democrats will seek to portray Republicans as protecting the wealthy at the expense of the middle class.
March 26, 2012 | By Tiffany Hsu
Yahoo Inc., in an attempt to “reshape and refocus” itself, appointed three new independent directors to its board, including a top executive from American Express Co. But the move isn't passing muster with activist investor Daniel Loeb, who plans to launch a proxy battle unless he's personally appointed to the board. The fight will be costly and a “distraction,” executives at the Internet company said in a statement Sunday after naming as board members John D. Hayes, AmEx's executive vice president; Peter Liguori, former chief operating officer of Discovery Communications Inc.; and Thomas J. McInerney, the outgoing chief financial officer of IAC/InterActive Corp.
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