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BUSINESS
June 10, 2013 | By Jessica Guynn
SAN FRANCISCO -- Facebook is the latest Silicon Valley company to bar the media from attending its annual meeting. Google and Zynga also decided to keep out the media this year. Instead, Facebook suggests the media watch a live webcast of its first shareholder meeting on Tuesday morning. Google also webcast its meeting. Zynga did not webcast its shareholder meeting, which was held one day after the company laid off 520 employees. Notably Apple allowed reporters to attend its annual meeting in February.
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ENTERTAINMENT
March 19, 2014 | By Daniel Miller
Walt Disney Co. held its annual meeting in Portland, Ore., on Tuesday and used the occasion to reveal a few tidbits about its forthcoming film projects, including a pair of animated sequels and the company's first "Star Wars" picture. Shareholders of Disney, the world's largest entertainment company, also confirmed all 10 members of the board of directors who were up for reelection. The meeting was also notable for what did not transpire there. The Burbank company was able to avoid a vote on a proposal put forward by a group of activist investors who wanted to amend the process by which candidates are nominated to the board.
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BUSINESS
April 24, 2012 | By E. Scott Reckard
SAN FRANCISCO -- Wells Fargo & Co. was bracing for revolts at its annual shareholder meeting as well as in the streets outside, as demonstrators from around the country poured into town to complain about its lofty executive pay, alleged disregard for troubled homeowners and a host of other issues. Organizers said they expected 2,000 to 3,000 protesters to march through the streets early Tuesday to the the Wells meeting at the downtown Merchants Exchange Building, a landmark that survived the great earthquake and fires that devastated San Francisco in 1906.
BUSINESS
March 1, 2014 | By Chris O'Brien
CUPERTINO, Calif. -- At an annual shareholders meeting Friday that was almost completely devoid of drama, Apple Chief Executive Tim Cook still managed to stun the audience for a moment and bring the room to complete silence.  Sitting on a chair onstage, holding an iPad and some notes, about halfway through a Q&A session, Cook suddenly said something unthinkable for a company that never says a peep about its future plans: "And now I'm going...
BUSINESS
May 3, 2013 | By Ricardo Lopez
The annual Berkshire Hathaway shareholder meeting kicks off this weekend in Omaha, Neb. Thousands of the conglomerate's shareholders will make the sojourn to the Cornhusker State, where they are expected to discuss the company's succession plan and future capital allocation. Billionaire investor Warren Buffett, chairman and chief executive of the company, will take questions during the meeting . In an interview with Fox Business Network, Buffett said the Berkshire Hathaway board has an undisclosed list of potential successors should he die.   PHOTOS: Warren Buffett in the news “There's no one more concerned about the successor than I,” he told the network.
BUSINESS
June 11, 2013 | By Jessica Guynn
SAN FRANCISCO -- Facebook Chief Executive Mark Zuckerberg fielded such a litany of questions and complaints during the company's shareholder meeting Tuesday that he conceded the slumping stock price was "kind of the theme of the meeting. " The shareholder meeting was Facebook's first since its rocky initial public offering in May of last year. Several of the investors who stepped forward to ask questions during the meeting held at a hotel in Millbrae, Calif., wanted Zuckerberg to address the nearly 40% decline in the stock's value since its debut.
BUSINESS
December 27, 2013 | By Chris O'Brien
Investor activist Carl Icahn has submitted an advisory proposal asking Apple to increase the size of its stock buyback program in 2014 to $50 billion.  The details of the proposal were included in a proxy statement that Apple filed Friday afternoon with the U.S. Securities and Exchange Commission. The proxy revealed that Apple's annual shareholder meeting will be held Feb. 28, and it contains details of 11 proposals that investors will be asked to vote on.  Most of the proposals are mundane, such as reappointing board members or an auditing firm. However, Icahn's proposal (No. 10)
ENTERTAINMENT
March 19, 2014 | By Daniel Miller
Walt Disney Co. held its annual meeting in Portland, Ore., on Tuesday and used the occasion to reveal a few tidbits about its forthcoming film projects, including a pair of animated sequels and the company's first "Star Wars" picture. Shareholders of Disney, the world's largest entertainment company, also confirmed all 10 members of the board of directors who were up for reelection. The meeting was also notable for what did not transpire there. The Burbank company was able to avoid a vote on a proposal put forward by a group of activist investors who wanted to amend the process by which candidates are nominated to the board.
BUSINESS
January 26, 2007 | From Bloomberg News
Eddie Bauer Holdings Inc., an outdoor-clothing maker, postponed a meeting at which investors were to vote on a $285-million buyout offer after finding accounting errors from 2005 and earlier. Shares of the company fell 6.2%. The errors relate to taxes stemming from leases, the Redmond, Wash.-based company said. The shareholder meeting, originally scheduled for today, will be held Feb. 8. Investors will vote on the company's sale to private-equity firms Sun Capital Partners Inc.
BUSINESS
October 15, 1985
The parent of Frontier Airlines said its shareholders will vote Nov. 21 on a proposed acquisition by People Express. A meeting had been set for Oct. 30 so that Frontier Holdings shareholders could vote on a proposed employee buy-out plan that offered $17 a share. That plan was dropped last week when People Express outbid Texas Air for Frontier's stock.
BUSINESS
February 7, 2014 | By Chris O'Brien
Chief Executive Tim Cook said Apple Inc. repurchased $14 billion of its stock over the last two weeks after a weak outlook caused its share price to plunge. In an interview with the Wall Street Journal, Cook said he was "surprised" by the 8% drop one day after the company's first-quarter earnings report. Apple projections for sales in the quarter ending in March were below what analysts had expected, and perhaps signaling its first year-over-year decline in revenue in more than a decade.
BUSINESS
December 27, 2013 | By Chris O'Brien
Investor activist Carl Icahn has submitted an advisory proposal asking Apple to increase the size of its stock buyback program in 2014 to $50 billion.  The details of the proposal were included in a proxy statement that Apple filed Friday afternoon with the U.S. Securities and Exchange Commission. The proxy revealed that Apple's annual shareholder meeting will be held Feb. 28, and it contains details of 11 proposals that investors will be asked to vote on.  Most of the proposals are mundane, such as reappointing board members or an auditing firm. However, Icahn's proposal (No. 10)
BUSINESS
December 4, 2013 | By Chris O'Brien
Shareholder activist Carl Icahn said Wednesday he had informed Apple that he has submitted a proposal to let shareholders vote on a larger stock buyback. In a tweet Wednesday, Icahn wrote: "Gave $AAPL notice we'll be making a precatory proposal to call for vote to increase buyback program, although not at $150 billion level. " A "precatory" proposal is one that is considered an advisory measure, but not necessarily legally binding. Apple's annual shareholder meeting typically takes place in February.  Icahn revealed his large stake in Apple this summer and said he would begin pressing the company to increase the size of the stock buyback.
BUSINESS
June 12, 2013 | By Jessica Guynn, Los Angeles Times
SAN FRANCISCO - Facebook Inc. Chief Executive Mark Zuckerberg, grilled by shareholders unhappy about the slumping stock price, took pains to defend the company he founded. With the stock trading nearly 37% below its offer price of $38, Zuckerberg fielded a litany of angry comments from investors at the company's annual meeting Tuesday, when the shares fell 30 cents, or 1.2%, to $24.03. The tenor of the shareholder meeting - Facebook's first since its rocky initial public offering in May 2012 - showed just how far he has to go in convincing Wall Street that the prospects for Facebook's future are bright.
BUSINESS
June 10, 2013 | By Jessica Guynn
SAN FRANCISCO -- Facebook is the latest Silicon Valley company to bar the media from attending its annual meeting. Google and Zynga also decided to keep out the media this year. Instead, Facebook suggests the media watch a live webcast of its first shareholder meeting on Tuesday morning. Google also webcast its meeting. Zynga did not webcast its shareholder meeting, which was held one day after the company laid off 520 employees. Notably Apple allowed reporters to attend its annual meeting in February.
BUSINESS
June 7, 2013 | By Alejandro Lazo
Armed with a temporary restraining order against demonstrators and a $15-billion stock buyback program for investors, Wal-Mart held its annual shareholder meeting Friday. The company is facing renewed scrutiny over its labor practices at home and the working conditions of those who produce its cheap clothes abroad after the deaths of more than 1,100 workers in a Bangladesh building collapse. To preempt protesters, Wal-Mart sought, and was granted, a temporary restraining order against the United Food and Commercial Workers International Union, Organization United for Respect at Wal-Mart and other unnamed defendants from a judge in Benton County, Arkansas.
BUSINESS
May 21, 2013 | By Andrew Tangel
A JPMorgan Chase & Co. shareholder proposal to split the bank's chairman and chief executive roles -- now both held by Jamie Dimon -- failed to win a majority's support Tuesday. The proposal to split Dimon's jobs at the nation's largest bank won only 32.2% of the votes, according to a preliminary tally announced at JPMorgan's annual shareholder meeting in Tampa, Fla.. The marquee vote was seen as a referendum on Dimon's leadership and as a potential harbinger of growing shareholder power in corporate decision-making.
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