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Tag Archives: shareholders

Sears execs say retailer financially strong

HOFFMAN ESTATES, Ill. — Sears executives tried Wednesday to ease concerns about the troubled retailer’s long-term outlook amid ever-sinking sales, emphasizing the company’s financial strength, increased liquidity and prospects to boost operational results. Chairman Edward Lampert told shareholders at Sears ...

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Citigroup investors give thumbs down to exec pay

NEW YORK — Citigroup shareholders are strongly expressing their displeasure with the pay that the bank’s top executives are taking home. At its annual meeting Tuesday, 55 percent of shareholders voted against the pay packages that have been granted to ...

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Constellation, Exelon shareholders approve merger

Garrett County legislators have told Exelon Corp. and Constellation Energy Group, which plan to merge, that if they want to build new wind energy projects, they might want to look elsewhere. County commissioners in Maryland’s westernmost county sent a letter ...

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Constellation shareholders will vote on merger Nov. 17

Constellation Energy Group said Thursday that its shareholders will meet Nov. 17 in New York to vote on the proposed $7.9 billion merger with Chicago-based Exelon Corp. In a filing with the Securities and Exchange Commission, Constellation said the shareholder ...

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Proxy adviser says Murdochs should be voted off News Corp.’s board

NEW YORK — A leading shareholder advisory firm says most of News Corp.’s board, including Chairman Rupert Murdoch, should be replaced because of a phone-hacking scandal that has embroiled one of the conglomerate’s British tabloids. Institutional Shareholder Services said shareholders ...

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Fetting says Legg still has work to be done

As part of its continuing restructuring efforts, Legg Mason Inc. said Tuesday that it had laid off 180 people, about 5 percent of its workforce, at the beginning of the month. The staff reduction, part of an effort to save ...

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