Silver as an investment

Category Archives: Corporate governance

Proctor & Gamble Concedes Proxy Fight, Names Nelson Peltz To Board

Two months after narrowly losing a proxy vote that would have granted him a seat on Proctor & Gamble’s board, Trian’s Nelson Peltz has somehow managed to win a crucial battle in the largest and most expensive corporate proxy battle in modern history. To wit, the consumer-products giant announced Friday that it would add Peltz […]

P&G Stock Slumps As Peltz Loses Proxy Fight; Trian Demands Recount

Procter & Gamble stock price is sliding, down over 2%, following news that Trian’s Nelson Peltz has lost his fight to be elected to the board. The largest and most expensive corporate proxy battle came to an end Tuesday with Procter & Gamble successfully fending off a campaign by the financier Nelson Peltz for a […]

Ralph Nader: How CEO Stock Buybacks Parasitize The Economy

Authored by Ralph Nader via Evonomics.com, The monster of economic waste – over $7 trillion of dictated stock buybacks since 2003 by the self-enriching CEOs of large corporations – started with a little noticed change in 1982 by the Securities and Exchange Commission (SEC) under President Ronald Reagan. That was when SEC Chairman John Shad, […]

Google Is Using Hot Air Balloons To Restore Cell Service In Puerto Rico

While Elon Musk is pretending that he can rebuild Puerto Rico’s power grid with solar-powered batteries, Google wants to deliver cell phone service using balloons. Alphabet Inc., Google’s corporate parent, received permission on Friday from the FCC to begin providing emergency cellular service to hurricane-ravaged Puerto Rico using balloons. The effort appears to be a […]

JPMorgan Updates By-laws In Case Of “Nuclear Disaster” Or World War III

In the most bizarre news of the day, Bloomberg’s Hugh Son noticed that in a late Thursday filing, the board of JPMorgan approved a series of revisions to the bank’s by-laws, including a particularly notable one: a new section defining what constitutes a quorum in an emergency resulting from “an attack on the United States” […]

Sanctions, What Sanctions? Russian Credit Risk Collapses To 4-Year Lows

After more than three years of US sanctions (and almost a year of constant attacks from the western media) Russian credit risk has collapsed to its lowest level since September 2013. As Bloomberg notes, high demand for Russia’s dollar-denominated assets is driving the cost of the country’s credit-default swaps back near record lows… Investors with […]