Shareholders Press Verizon Board on Net Neutrality
Investors in Verizon Communications Inc. (NYSE:VZ), including the Nathan Cummings Foundation, are once again pressing the company’s board of directors to report on the business risks arising from the company’s opposition to open Internet and network neutrality principles. Read more
Shareholders Are Not Happy With Oracle’s New Co-CEO Pay
“Five bigwig institutional shareholders want to force Oracle to make radical changes to the way it pays it top three executives: executive chairman and CTO Larry Ellison and co-CEOs Safra Catz and Mark Hurd. They are concerned that Oracle’s board of directors isn’t independent enough from management and ‘insufficient board accountability and poorly designed compensation …
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Oracle Ties Pay to Performance After Investor Lobbying
The Nathan Cummings Foundation’s shareholder activity at Oracle Corp. has made the news after Oracle’s decision to tie executive pay packages to the company’s performance. Also mentioned in the news article is an NCF led shareholder resolution seeking independent board appointments at the comany’s annual meetings. Read More
Barry C. Lynn on Monopolies and Inequality
Back in June, Barry C. Lynn, senior fellow at Nathan Cummings Foundation grantee the New America Foundation, was able to sit down with Thomas Frank from Salon.com for a facinating discussion on today’s monoplies and how they impact the discussion on inequality. Read the Article Here
Grant Makers Are Ignoring One of Their Most Powerful Tools
Over the past year, shareholder activists racked up a list of accomplishments that would be the envy of many foundations. They secured agreements from some of the world’s largest companies to set targets for reducing greenhouse-gas emissions.
IBT runs NCF piece on problematic structure at 21st Century Fox
Dear Rupert Murdoch: Please Eliminate Your Company’s Dual-Class Share Structure October 18, 2013 In this piece from the International Business Times, NCF makes the case that long-term shareholder value is still at risk at Rupert Murdoch’s companies due to fundamental corporate governance problems. Read the article here.
Institutional investors call for slew of changes at 21st Century Fox
Pensions & Investments, reported on the Nathan Cummings Foundation’s work to improve shareholder rights at 21st Century Fox, whose shareholder meeting was this week: Read article.
NCF’s Proxy Access Proposal Receives Majority Support At Darden Shareholder Meeting
Darden Restaurants, Inc., one of America’s largest restaurant conglomerates and the owner of Olive Garden, Red Lobster and many other well-known brands, faced an unprecedented shareholder revolt led in part by a proxy access proposal from the Nathan Cummings Foundation. Press Release, September 18, 2013 Darden Proxy Access Proposal
New Momentum for Change in Corporate Board Elections
The Nathan Cummings Foundation welcomes recent coverage by the New York Times of the noteworthy achievements of the Shareholder Rights Project, which NCF has partnered with since 2012. The partnership between the Foundation and the Shareholder Rights Project has helped to persuade a number of companies to declassify their boards, making it easier for shareholders …
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News Corporation Board Approves Split of Company
““New blood is always a good thing for a company as it tries to overcome” scandals like the phone hacking crisis in Britain that News Corporation has gone through, said Laura Campos, director of shareholder activities at the Nathan Cummings Foundation, a charitable organization and institutional investor that owns 3,686 shares of News Corporation’s Class …
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Institutional Investors Press for Disclosure of Corporate Lobbying
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Report Raises Concerns about AT&T’s Commitment to an Open Internet
A new report by AT&T Inc. summarizing the company’s positions on so-called network neutrality principles highlights a “worrisome failure in corporate citizenship” and raises significant concerns about AT&T’s long-term commitment to open Internet principles that benefit the American economy and all consumers, according to a group of AT&T investors.
NCF & SRP Encourage Public Company Declassification
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Rupert Murdoch survives calls to step down as chairman
At News Corporation’s annual shareholder meeting, nearly two-thirds of unaffiliated shares were voted against the News Corporation Board’s recommendation that Rupert Murdoch retain his vast voting power and hold onto his position as the Company’s Chairman. While the Nathan Cummings Foundation’s proposal calling for the elimination of the Company’s dual-class capital structure received overwhelming support …
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