Latest Shareholder meetings News

Tesla CEO lifts shareholder spirits, takes aim at media

Jun. 11, 2019 8:29 PM EDT

SAN FRANCISCO (AP) — Tesla CEO Elon Musk assured shareholders the electric car maker has recovered from a disappointing start this year and promised to counter media coverage that he believes has distorted perceptions about the unprofitable company's long-term prospects. "It has been a hell of a year, but...

Climate change debate in the focus at Exxon's annual meeting

May. 29, 2019 4:24 PM EDT

DALLAS (AP) — Activist shareholders used Exxon Mobil's annual meeting to renew their accusations that the company is failing to confront a future that may include stricter regulations to limit climate change caused by burning fossil fuels. A representative of the Church of England's endowment fund said...

CEO Pay: When investors say "nay" on spiraling packages

May. 24, 2019 2:03 PM EDT

NEW YORK (AP) — Shareholders are still voting overwhelmingly in favor of big pay packages for CEOs, but there are more pockets of resistance eight years after "Say on Pay" became a mandatory exercise at annual meetings. Median pay for CEOs at the biggest U.S. companies climbed 7% to $12 million last year,...

Deutsche Bank ready for 'tough cuts' as share price sags

May. 23, 2019 7:04 AM EDT

FRANKFURT, Germany (AP) — The CEO of Deutsche Bank says he is ready to make "tough cuts" to improve the struggling bank's profitability and raise a "disappointing" share price as negative headlines continue to plague Germany's biggest bank. Christian Sewing made the remarks Thursday in front of restive...

United CEO vows to be aboard 737 Max when its cleared to fly

May. 22, 2019 6:21 PM EDT

CHICAGO (AP) — CEO Oscar Munoz says he will be aboard United Airlines' first flight of a Boeing 737 Max once regulators agree to let the aircraft fly again. Munoz made the promise after Chicago-based United's annual meeting with shareholders Wednesday. In crashes in Indonesia in October and Ethiopia in...

Amazon rejects facial recognition, climate change proposals

May. 22, 2019 5:14 PM EDT

NEW YORK (AP) — Despite pressure from civil rights groups, activist investors and its own employees, Amazon said Wednesday that shareholders at an annual meeting in Seattle voted against proposals related to two major social issues: climate change and facial recognition technology. The two proposals on...

Daimler CEO Zetsche hands off to successor amid tech change

May. 22, 2019 10:03 AM EDT

FRANKFURT, Germany (AP) — Daimler CEO Dieter Zetsche is handing off to his successor after 13 years at the helm warning that the company will need to cut costs to invest in new technologies that are transforming the industry. Zetsche, 66, received prolonged applause from shareholders at the company's...

Majority of PNM shareholders nix call for coal ash report

May. 21, 2019 5:59 PM EDT

ALBUQUERQUE, N.M. (AP) — A group of shareholders vowed Tuesday to continue efforts aimed at getting the state's largest electric provider to release more details about the tons of waste generated by its coal-fired power plant in northwestern New Mexico. A resolution that would have required Public Service...

Blue Apron latest to suffer in tough meal kit market

May. 20, 2019 5:00 PM EDT

Meal kit companies face an ultimatum: Adapt or die. The business is still in its infancy, with the biggest players — Blue Apron and HelloFresh — less than a decade old. But they're facing serious challenges from restaurant and grocery delivery services, smaller niche players and even home chefs. The...