- Ex-Marvel Chair Ike Perlmutter Says His Exit From Disney “Should Sadden Many Shareholders,” Vows To Keep “Seeking Improvements” At Company Deadline
- Billionaire ex-head of Marvel Entertainment says he was fired for complaining its films were too expensive: ‘All they talk about is box office, box office’ Yahoo Finance
- Ike Perlmutter: Disney Fired Me From Marvel; I Wasn’t Laid Off – WSJ The Wall Street Journal
- Ike Perlmutter Blames Disney Firing on “Fundamental Differences,” Says “Don’t Get Involved in Politics” Hollywood Reporter
- Former Marvel Entertainment Chairman Ike Perlmutter Speaks Out: “Disney Fired Me” CBM (Comic Book Movie)
- View Full Coverage on Google News
Tag Archives: shareholders
Disney Streaming Strategy: CEO Bob Iger Tells Shareholders Marvel, Star Wars, Disney And Pixar Titles Will Stay Exclusive, But Others Could “On Occasion” Be Licensed To Third Parties – Deadline
- Disney Streaming Strategy: CEO Bob Iger Tells Shareholders Marvel, Star Wars, Disney And Pixar Titles Will Stay Exclusive, But Others Could “On Occasion” Be Licensed To Third Parties Deadline
- Disney CEO Bob Iger Doubles Down on Inclusivity and Diversity During Shareholders’ Meeting WDW News Today
- Highlights from The Walt Disney Company 2023 Annual Meeting of Shareholders The DIS
- Disney’s shareholder meeting: Here’s what’s on the table CNBC Television
- Jobs data, Disney’s annual shareholder meeting top week ahead Fox Business
- View Full Coverage on Google News
Highlights from The Walt Disney Company 2023 Annual Meeting of Shareholders – The DIS
- Highlights from The Walt Disney Company 2023 Annual Meeting of Shareholders The DIS
- Disney Streaming Strategy: CEO Bob Iger Tells Shareholders Marvel, Star Wars, Disney And Pixar Titles Will Stay Exclusive, But Others Could “On Occasion” Be Licensed To Third Parties Yahoo Entertainment
- Bob Iger has handled himself incredibly well since he’s been back to Disney: BofA’s Ehrlich CNBC Television
- Bob Iger’s 2023 Annual Shareholder Meeting Remarks The Walt Disney Company
- If You Can Watch Disney’s New “Traditions” Reel & Not Cry, Then We’re Bigger Fans Than You Are Disney Dining
- View Full Coverage on Google News
Credit Suisse faces lawsuits from US shareholders for allegedly concealing financial woes – Fox Business
- Credit Suisse faces lawsuits from US shareholders for allegedly concealing financial woes Fox Business
- Credit Suisse sued by US shareholders over finances, controls Reuters
- Credit Suisse Class Action: Levi & Korsinsky Reminds Credit Suisse Group AG Investors of The Pending Class Action Lawsuit With a Bloomberg
- LUMN, VTNR & FIS Class Action Reminders: Bronstein, Gewirtz & Grossman, LLC, A Successful Firm, Reminds Investors of Deadlines and to Actively Participate Digital Journal
- Credit Suisse sued by U.S. shareholders over finances, controls CNBC
- View Full Coverage on Google News
Fresenius Medical Care proposes to its shareholders to change its legal form to simplify the governance structure and strengthen shareholder rights – Fresenius Medical Care
- Fresenius Medical Care proposes to its shareholders to change its legal form to simplify the governance structure and strengthen shareholder rights Fresenius Medical Care
- Germany’s Fresenius to simplify structure, flags potential profit fall Yahoo Finance
- Breakingviews – Fresenius takes tentative step on road to breakup Reuters
- Fresenius Medical Care delivers against FY22 expectations, sets strategic focus and accelerates transformation Fresenius Medical Care
- Fresenius Slides as Earnings Disappoint, Clouding CEO’s Revamp Bloomberg
- View Full Coverage on Google News
Elon Musk Sends Subtle Message to Disenchanted Tesla Shareholders
Elon Musk is used to facing critics, haters and detractors.
He even likes these battles very much.
Sometimes he even tends to provoke his supposed enemies. The Techno King, as he’s known at Tesla (TSLA) – Get Free Report, likes to turn his opponents’ attacks into counterattacks. The serial entrepreneur is never as lethal as when he is on defense.
These adversaries he knows them. He knows their angles of attack. Certainly some of these criticisms annoy him but he always finds the line of response to repel the detractors.
He can also count on his legion of fans, many of whom are Tesla die-hard fans. They believe in his promises of transforming the world and beyond our civilization. They applaud his iconoclastic side and do not hesitate to cry genius when he announces a new product. The billionaire always knew he could count on these admirers.
The Revolt of the Retail Investor
But what he never anticipated was that some of these fans would come after him. He therefore never prepared for it because he always counted on their loyalty to him. It turns out that Musk was wrong.
For several weeks now, the CEO of Tesla has been the target of repeated criticism from some retail investors. Investor Leo KuGuan, who is the car maker’s third largest individual shareholder after Musk and Oracle (ORCL) – Get Free Report co-founder Larry Ellison, went so far as to sound a revolt against Musk.
“I am 100% in Tesla bc I believe in Elon Musk and Tesla,” KoGuan wrote on Twitter on Jan. 7. “But he is killing SH and Tesla. If I knew I wouldn’t invest in Tesla.”
“Elon invested ≈$200mm but took out $40B, Larry invested $1B, I invested over $3B, I have no choice but to act and speak out. I cry out to U for help!”
The criticisms of these investors are the consequence of Tesla’s stock market rout. In 2022, Tesla stock lost 65% of its value, translating to more than $600 billion in market capitalization evaporated in a year. Tesla’s market value is currently $357 billion, down from over $1 trillion at the start of 2022. Over the first four trading sessions of 2023, Tesla shares lost 8.2% to $113.06.
While Musk attributes this stock market disaster to macroeconomic factors like the Federal Reserve’s aggressive interest rate hike to fight inflation and the energy crisis in Europe, many Tesla shareholders believe that his acquisition of Twitter for $44 billion is the big problem.
They claim that when Musk set his sights on the social media platform, he completely left Tesla behind. Worse, he has alienated many Tesla buyers by attacking progressives and Democrats on Twitter regularly.
Tesla Outperforms Its Rivals
Retail investors together own 41.9% of Tesla shares as of Dec. 5, according to WallStreetZen. Institutional investors hold the biggest block with 43.01% of the shares. The balance is held by the company’s executives, ie 15%.
While Musk once responded to some criticism a while back, he’s been quiet lately. This is no doubt due to the fact that he must observe the quiet period until the publication of the company’s earnings on January 25. Until that date, the management team musk remain silent so as not to influence the share price to the benefit of certain shareholders or to the detriment of others.
But Musk has just found a subtle and striking way to respond to the criticism, which has turned violent in recent days. The entrepreneur has just retweeted a chart which shows that of all the major automakers present on the American market, only Tesla and General Motors (GM) – Get Free Report have managed to increase their sales of light vehicles in 2022 compared to 2021. All the rest of the vehicle manufacturers have seen their sales decrease compared to 2021.
Tesla saw its sales increase by 44% over one year while those of GM only increased by 3%.
Musk said nothing else.
Jack Ma to relinquish control of Ant group
CNN
—
Chinese billionaire Jack Ma will no longer control Ant Group after the fintech giant’s shareholders agreed to reshape its shareholding structure, according to a statement released by the company on Saturday.
After the adjustment, Ma’s voting rights will fall to 6.2%, according to the statement and CNN calculations.
Before the restructure, Ma held 50.52% of voting rights at Ant via Hangzhou Yunbo and two other entities, according to its IPO prospectus filed with stock exchanges in 2020.
Ant added in the statement that the voting rights adjustment, a move to make the company’s shareholder structure “more transparent and diversified,” will not result in any change to the economic interests of any shareholders.
Ant said its 10 major shareholders, including Ma, had agreed to no longer act in concert when exercising their voting rights, and would only vote independently, and thus no shareholder would have “sole or joint control over Ant Group.”
The voting rights overhaul came after Chinese regulators pulled the plug on Ant’s $37 billion IPO in November 2020, and ordered the company to restructure its business.
As part of the company’s restructuring, Ant’s consumer finance unit applied for an expansion of its registered capital from $1.2 billion to $2.7 billion. The China Banking and Insurance Regulatory Commission recently approved the application, according to a government notice issued late last week.
After the fund-raising drive, Ant will control half of its key consumer finance unit, while an entity controlled by the Hangzhou city government will own a 10% stake. Hangzhou is where Alibaba and Ant have been headquartered since their inceptions.
Ant Group is a fintech affiliate of Alibaba, both of which were founded by Ma.
Liverpool “would consider new shareholders” says Fenway Sports Group
The World Cup 2022 schedule is locked in and there is so much to look forward to ahead of the tournament in Qatar in November to December.
[ MORE: How to watch Premier League in USA ]
From the USMNT facing England the day after Thanksgiving to Mexico and Argentina squaring off in the group stages, Spain facing Germany, and Belgium vs Canada, there are plenty of intriguing games in the opening round.
[ MORE: USMNT react to draw ]
Then we have the Round of 16, quarterfinals, semifinals, and final to look forward to.
Below is the schedule in full, details on how to watch the games and everything else you need..
[ MORE: World Cup odds ]
World Cup 2022 schedule, start time, dates, how to watch live
- When: November 20, 2022 to December 18, 2022
- Group stage game kick-off times: 5am, 8am, 11am, 2pm (all ET)
- Location: Qatar
- TV channel in English: Fox
- TV channels en Español: Telemundo, Universo, Peacock
Group A schedule (all kick off times ET)
November, 20: Qatar vs Ecuador – Al Bayt Stadium, Al Khor – 12pm
November, 21: Senegal vs Netherlands – Al Thumama Stadium, Al Khor – 5am
November, 25: Qatar vs Senegal – Al Thumama Stadium, Al Khor – 8am
November, 25: Netherlands vs Ecuador – Khalifa International Stadium, Al Rayyan – 11am
November, 29: Netherlands vs Qatar – Al Bayt Stadium, Al Khor – 10am
November, 29: Ecuador vs Senegal – Khalifa International Stadium, Al Rayyan – 10am
Group B schedule
November, 21: England vs Iran – Khalifa International Stadium, Al Rayyan – 8am
November, 21: USA vs Wales- Ahmed bin Ali Stadium, Al Rayyan – 2pm
November, 25: England vs USA – Al Bayt Stadium, Al Khor – 2pm
November, 25: Wales vs Iran – Ahmed bin Ali Stadium, Al Rayyan – 5am
November, 29: Wales vs England – Ahmed bin Ali Stadium, Al Rayyan – 2pm
November, 29: Iran vs USA – Al Thumama Stadium, Al Khor – 2pm
Group C schedule
November, 22: Argentina vs Saudi Arabia – Lusail Iconic Stadium, Lusail – 5am
November, 22: Mexico vs Poland – Stadium 974, Doha – 11am
November, 26: Argentina vs Mexico – Lusail Iconic Stadium, Lusail – 2pm
November, 26: Poland vs Saudi Arabia – Education City Stadium, Al Rayyan – 8am
November, 30: Poland vs Argentina – Stadium 974, Doha – 2pm
November, 30: Saudi Arabia vs Mexico – Lusail Iconic Stadium, Lusail – 2pm
Group D schedule
November, 22: France vs Australia – Al Janoub Stadium, Al Wakrah – 2pm
November, 22: Denmark vs Tunisia – Education City Stadium, Al Rayyan – 8am
November, 26: France vs Denmark – Stadium 974, Doha – 11am
November, 26: Tunisia vs Australia – Al Janoub Stadium, Al Wakrah – 5am
November, 30: Tunisia vs France – Education City Stadium, Al Rayyan – 10am
November, 30: Australia vs Denmark – Al Janoub Stadium, Al Wakrah – 10am
Group E schedule
November, 23: Spain vs Costa Rica- Al Thumama Stadium, Al Khor – 11am
November, 23: Germany vs Japan – Khalifa International Stadium, Al Rayyan – 8am
November, 27: Spain vs Germany – Al Bayt Stadium, Al Khor – 2pm
November, 27: Japan vs Costa Rica – Ahmed bin Ali Stadium, Al Rayyan – 5am
December, 1: Japan vs Spain – Khalifa International Stadium, Al Rayyan – 2pm
December, 1: Costa Rica vs Germany – Al Bayt Stadium, Al Khor – 2pm
Group F schedule
November, 23: Belgium vs Canada – Ahmed bin Ali Stadium, Al Rayyan – 2pm
November, 23: Morocco vs Croatia – Al Bayt Stadium, Al Khor – 5am
November, 27: Belgium vs Morocco – Al Thumama Stadium, Al Khor – 8am
November, 27: Croatia vs Canada – Khalifa International Stadium, Al Rayyan – 11am
December, 1: Croatia vs Belgium – Ahmed bin Ali Stadium, Al Rayyan – 10am
December, 1: Canada vs Morocco – Al Thumama Stadium, Al Khor – 10am
Group G schedule
November, 24: Brazil vs Serbia – Lusail Iconic Stadium, Lusail – 2pm
November, 24: Switzerland vs Cameroon – Al Janoub Stadium, Al Wakrah – 5am
November, 28: Brazil vs Switzerland – Stadium 974, Doha – 11am
November, 28: Cameroon vs Serbia – Al Janoub Stadium, Al Wakrah – 5am
December, 2: Cameroon vs Brazil – Lusail Iconic Stadium, Lusail – 2pm
December, 2: Serbia vs Switzerland – Stadium 974, Doha – 2pm
Group H schedule
November, 24: Portugal vs Ghana – Stadium 974, Doha – 11am
November, 24: Uruguay vs South Korea – Education City Stadium, Al Rayyan – 8am
November, 28: Portugal vs Uruguay – Lusail Iconic Stadium, Lusail – 2pm
November, 28: South Korea vs Ghana – Education City Stadium, Al Rayyan – 8am
December, 2: South Korea vs Portugal – Education City Stadium, Al Rayyan – 10am
December, 2: Ghana vs Uruguay – Al Janoub Stadium, Al Wakrah – 10am
Round of 16 schedule
Match 49 – December, 3: Winner Group A vs Runners up Group B – Khalifa International Stadium, Al Rayyan – 10am
Match 50 – December, 3: Winners Group C vs Runners up Group D – Ahmed bin Ali Stadium, Al Rayyan – 2pm
Match 52 -December, 4: Winners Group D vs Runners up Group C – Al Thumama Stadium, Doha – 10am
Match 51 – December, 4: Winners Group B vs Runners up Group A – Al Bayt Stadium, Al Khor – 2pm
Match 53 -December, 5: Winners Group E vs Runners up Group F – Al Janoub Stadium, Al Wakrah – 10am
Match 54 – December, 5: Winners Group G vs Runners up Group H – Stadium 974, Doha – 2pm
Match 55 – December, 6: Winners Group F vs Runners up Group E – Education City Stadium, Al Rayyan – 10am
Match 56 – December, 6: Winners Group H vs Runners up Group G – Lusail Iconic Stadium, Lusail – 2pm
Quarterfinal schedule
Match 58 – December, 9: Winners Match 53 vs Winners Match 54 – Education City Stadium, Al Rayyan – 10am
Match 57 – December, 9: Winners Match 49 vs Winners Match 50 – Lusail Iconic Stadium, Lusail – 10am
Match 60 – December, 10: Winners Match 55 vs Winners Match 56 – Al Thumama Stadium, Doha – 10am
Match 59 – December, 10: Winners Match 51 vs Winners Match 52 – Al Bayt Stadium, Al Khor – 2pm
Semifinal schedule
Match 61 – December, 13: Winners Match 57 vs Winners Match 58 – Lusail Iconic Stadium, Lusail – 2pm
Match 62 – December, 14: Winners Match 59 vs Winners Match 60 – Al Bayt Stadium, Al Khor – 2pm
Third-place play-off
Match 63 – December, 17: Losers Match 61 vs Losers Match 62 – Khalifa International Stadium, Al Rayyan – 2pm
Final
Match 64 – December, 18: Winners Match 61 vs Winners Match 62 – Lusail Iconic Stadium, Lusail – 10am
Follow @JPW_NBCSports
Elon Musk Sends a Message to Tesla Shareholders, Fans
Elon Musk is a serial entrepreneur.
He is in charge of several companies at the same time.
He is involved in The Boring Company, known for its tunnels, and in the company specializing in artificial intelligence Neuralink. He revived the dream of humans living on Mars in the near future with his aerospace company SpaceX, one of whose products has become very popular. This is Starlink, the satellite internet access service, which has become the unique communication system of the Ukrainian armed forces on the front line in the war against Russia.
Musk has also just acquired Twitter (TWTR) , the social network he considers the de facto Town Square of our time, for $44 billion. This platform has kept him busy for several weeks.
The billionaire wants to use it to create a Super App offering multiple varied services such as ordering a car, shopping, buying a plane ticket, etc. But if the influence of Twitter is undeniable in the public debate, the firm is struggling to generate revenue and profits.
Twitter Is the New Darling
Musk has therefore been working for a few days to find new sources of income. He took controversial measures such as eliminating half of the group’s workforce and increasing the price of Blue, the service subscription by including the option to authenticate an account.
Musk is also currently trying to retain advertisers who are suspending their ads on the platform because they fear it will become a venue for hateful, racist and anti-Semitic speech. These fears are due to the fact that Musk defines himself as a “free speech absolutist.” In other words, he feels that everything should be said as long as the law is not violated.
So he only has it for Twitter, to the point of making people forget that Musk’s real baby is Tesla. The electric vehicle manufacturer is the first pawn with which Musk established himself as a visionary.
The Technoking — his title at Tesla — has pushed the automotive industry away from polluting vehicles in favor of clean vehicles and autonomous technologies that are turning the car into a living room on four wheels.
But Twitter’s attention has raised concerns that CEO Musk is focusing less time on Tesla at a crucial time for the Austin, Texas-based group. The electric vehicle maker faces stiff competition from Chinese groups and legacy carmakers who have all announced billions of dollars of investment in electric vehicles.
To maintain its leadership, Tesla has a packed product roadmap. The company is due to start production of its Semi truck on Dec. 1 and mid-2023 the start of production of the long-awaited Cybertruck is scheduled.
‘I Still Do a Lot of Work’
Since Musk made his $44 billion bid to take over Twitter on April 25, Tesla shares lost 38% of their value to $207.47. The company which started the year with a market value of $1.12 trillion saw it melt by more than $450 billion. Tesla’s market cap is currently at $655.2 billion.
Musk is an important part of Tesla’s success. Investors are convinced that without him, the manufacturer of electric vehicles would not have such an important cachet. They therefore identify Tesla with Musk. It’s the entrepreneur’s wild promises that justify much of the valuation of Tesla, which produced barely a million vehicles in 2021, compared to several million for its rivals. But the latter are stock market dwarfs compared to Tesla.
The billionaire is aware of investors’ fears and has therefore just sent them a message aimed at reassuring them. It all started with a post from a Tesla fan account on Twitter.
“It’s strongly bullish that while Elon is focused on restructuring Twitter, Tesla is executing perfectly without him $tsla,” the Twitter user posted.
Musk was quick to respond: “I still do a lot of work at Tesla! Was at our Palo Alto engineering office until late Thursday night when I had to redeye to NY,” he said.
The message achieved the intended goal of reassuring fans of the premium electric vehicle manufacturer.
“Elon, @elonmusk please send some pictures/tweets about $TSLA next time you at any Gaga Factory. Tesla investors love to hear you bragging & being involved with Tesla. ♥️” said one Twitter user.
“Tesla running w/o Elon is intangible. Whether in foreground or in quiet, he’s working the machine,” added another user.
Tesla shareholders broadly follow board recommendations at annual meeting
Aug 4 (Reuters) – Tesla Inc (TSLA.O) shareholders voted for board recommendations on most issues at the company’s annual meeting on Thursday, including re-electing directors, approving a stock split, while rejecting proposals focused on environment and governance.
Votes on three of the 13 proposals did not follow board recommendations, according to preliminary tallies presented at the annual shareholder meeting in Austin, Texas.
Over board opposition, shareholders passed an advisory proposal that would increase investors’ ability to nominate directors.
Register now for FREE unlimited access to Reuters.com
Two board proposals – cutting directors’ terms to two years and eliminating supermajority requirements – did not receive supermajorities necessary to pass.
Dressed in black, Chief Executive Elon Musk heavily influenced the voting and spoke to an enthusiastic crowd after the vote. He owns 15.6% of Tesla, according to Refinitiv data, after selling millions of shares last year. read more
Investors approved a three-for-one stock split. While a split does not affect a company’s fundamentals, it could buoy the share price by making it easier for investors to own the stock.
Shareholder proposals that failed included ones arguing for endorsing the right of employees to form a union, asking the company to report its efforts in preventing racial discrimination and sexual harassment annually, as well as reporting on water risk.
A proposal asking directors to enable large and long-term stockholders or groups with at least 3% of the shares to nominate directors, cleared objections from the board. The board had earlier said a proposal like this could create opportunities for special interests to skew Tesla plans.
Musk said the company aimed to hit a production run rate of 2 million vehicles per year by the end of 2022 and would continue building factories.
Tesla has factories in California and Shanghai and is ramping up two more in Austin, Texas and Berlin. Musk said Tesla might be able to announce an additional factory this year and he expected eventually to have 10-12 so-called gigafactories.
Register now for FREE unlimited access to Reuters.com
Reporting by Ankur Banerjee and Akash Sriram in Bengaluru; additional reporting by Peter Henderson in Oakland and Kevin Krolicki in Detroit; Editing by Anil D’Silva
Our Standards: The Thomson Reuters Trust Principles.