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BUSINESS
May 24, 1993 | Anne Michaud, Times staff writer
Randell Young, small-business owner and blues guitarist, got angry about the power abuses and waste that he believes typify many large companies. So, about six years ago, he attended a meeting in Palm Desert to hear oilman and corporate financier T. Boone Pickens speak. Young joined Pickens' nascent United Shareholders Assn. and has never looked back. He has become a fixture at annual meetings of companies his association has targeted as light on shareholder rights.
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BUSINESS
November 21, 1989 | JONATHAN WEBER, TIMES STAFF WRITER
Corporate raider T. Boone Pickens inaugurated the Orange County chapter of his "shareholders rights" organization Monday with a vigorous attack on Japan. Pickens, chairman of the Texas energy company Mesa Limited Partnerships and a longtime critic of corporate management practices, called for a ban on Japanese acquisitions of U.S. companies, even though he conceded that such a move would not be in the interest of shareholders in the short run.
BUSINESS
November 12, 1992 | LINDA GRANT, TIMES STAFF WRITER
Shareholder activists are turning up the burner under International Business Machines. Moving quickly to capitalize on recent shareholder success in pressuring General Motors' directors to take charge of the troubled auto giant, the United Shareholders Assn. announced Wednesday that it is submitting proposals calling for IBM's independent directors to assert new leadership at the struggling computer company.
BUSINESS
September 23, 1992 | LINDA GRANT, TIMES STAFF WRITER
The opening salvo in the 1993 campaign by stockholder activists was fired Tuesday when the United Shareholders Assn. released a list of 30 companies it is targeting for nationwide pressure next year. The Washington-based group of 65,000 institutional and individual investors said the companies are unresponsive to shareholders on issues such as high executive pay, management-entrenchment schemes and puppet directors.
BUSINESS
November 12, 1992 | LINDA GRANT, TIMES STAFF WRITER
Shareholder activists are turning up the burner under International Business Machines. Moving quickly to capitalize on recent shareholder success in pressuring General Motors' directors to take charge of the troubled auto giant, the United Shareholders Assn. announced Wednesday that it is submitting proposals calling for IBM's independent directors to assert new leadership at the struggling computer company.
BUSINESS
September 22, 1992 | LINDA GRANT, TIMES STAFF WRITER
Under pressure from shareholder activists, the board of Occidental Petroleum Corp. has prohibited future "golden parachutes" and accepted the resignation of company Chairman Ray Irani from its executive compensation committee. The actions were announced Monday by the United Shareholders Assn., a 65,000-member group based in Washington that lobbies for a greater stockholder voice in corporate affairs.
BUSINESS
November 1, 1989 | LESLIE BERKMAN, TIMES STAFF WRITER
Fluor Corp. shareholders will have an opportunity at their annual meeting in March to decide whether the company will make proxy voting confidential. The proposal was presented to the company by a shareholder who is also a member of an association that has targeted the Irvine-based company as one of the 50 worst offenders of shareholder rights in America. United Shareholders Assn., founded in 1986 by T. Boone Pickens Jr.
BUSINESS
June 28, 1988 | From Reuters
Texas speculator T. Boone Pickens said Monday that his United Shareholder Assn. will spearhead a campaign by shareholders to change their firms' corporate bases from Delaware to states whose laws favor broader shareholder rights. In remarks to group members in Washington, Pickens said his group will encourage states to adopt laws guarding against management entrenchment and shareholder disenfranchisement.
BUSINESS
July 11, 1989 | LESLIE BERKMAN, Times Staff Writer
The Fluor Corp. in Irvine and Great Western Financial Corp. in Beverly Hills have been targeted for reform by the Los Angeles chapter of a national shareholder rights organization. United Shareholders Assn., an organization founded in 1986 by corporate raider T. Boone Pickens Jr., said Monday that Fluor and Great Western are among 50 firms nationwide that have been singled out for shareholder rights campaigns.
BUSINESS
September 23, 1992 | LINDA GRANT, TIMES STAFF WRITER
The opening salvo in the 1993 campaign by stockholder activists was fired Tuesday when the United Shareholders Assn. released a list of 30 companies it is targeting for nationwide pressure next year. The Washington-based group of 65,000 institutional and individual investors said the companies are unresponsive to shareholders on issues such as high executive pay, management-entrenchment schemes and puppet directors.
BUSINESS
September 22, 1992 | LINDA GRANT, TIMES STAFF WRITER
Under pressure from shareholder activists, the board of Occidental Petroleum Corp. has prohibited future "golden parachutes" and accepted the resignation of company Chairman Ray Irani from its executive compensation committee. The actions were announced Monday by the United Shareholders Assn., a 65,000-member group based in Washington that lobbies for a greater stockholder voice in corporate affairs.
BUSINESS
November 21, 1989 | JONATHAN WEBER, TIMES STAFF WRITER
Corporate raider T. Boone Pickens inaugurated the Orange County chapter of his "shareholders rights" organization Monday with a vigorous attack on Japan. Pickens, chairman of the Texas energy company Mesa Limited Partnerships and a longtime critic of corporate management practices, called for a ban on Japanese acquisitions of U.S. companies, even though he conceded that such a move would not be in the interest of shareholders in the short run.
BUSINESS
November 1, 1989 | LESLIE BERKMAN, TIMES STAFF WRITER
Fluor Corp. shareholders will have an opportunity at their annual meeting in March to decide whether the company will make proxy voting confidential. The proposal was presented to the company by a shareholder who is also a member of an association that has targeted the Irvine-based company as one of the 50 worst offenders of shareholder rights in America. United Shareholders Assn., founded in 1986 by T. Boone Pickens Jr.
BUSINESS
July 11, 1989 | LESLIE BERKMAN, Times Staff Writer
The Fluor Corp. in Irvine and Great Western Financial Corp. in Beverly Hills have been targeted for reform by the Los Angeles chapter of a national shareholder rights organization. United Shareholders Assn., an organization founded in 1986 by corporate raider T. Boone Pickens Jr., said Monday that Fluor and Great Western are among 50 firms nationwide that have been singled out for shareholder rights campaigns.
BUSINESS
May 24, 1993 | Anne Michaud, Times staff writer
Randell Young, small-business owner and blues guitarist, got angry about the power abuses and waste that he believes typify many large companies. So, about six years ago, he attended a meeting in Palm Desert to hear oilman and corporate financier T. Boone Pickens speak. Young joined Pickens' nascent United Shareholders Assn. and has never looked back. He has become a fixture at annual meetings of companies his association has targeted as light on shareholder rights.
BUSINESS
June 28, 1988 | From Reuters
Texas speculator T. Boone Pickens said Monday that his United Shareholder Assn. will spearhead a campaign by shareholders to change their firms' corporate bases from Delaware to states whose laws favor broader shareholder rights. In remarks to group members in Washington, Pickens said his group will encourage states to adopt laws guarding against management entrenchment and shareholder disenfranchisement.
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