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What will Biden mean for business? After pandemic response: climate-related infrastructure, higher corporate tax, t… https://t.co/c9JRtay6pP— 22 hours 58 min ago via@theofrancis
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The hedge fund manager William A. Ackman would have a pretty good shot at agitating for change at a company like ADT, according to an analysis. A company like FedEx would be a harder target.
As the activist investor William A. Ackman hunts for his next target, a favorite guessing game on Wall Street is to see what company he will pick next to agitate for change.
Advanced Micro Devices (AMD) is in a frustrating pickle. The US chipmaker wants to issue up to 16.5 million new shares so it can pay its executives in stock options and restricted shares. Shareholders have voted more than 85% in favor of the plan. And yet AMD can’t go ahead. Or rather, it can—with a hefty price tag.
We recently told you about four companies ignoring their shareholders’ votes. One was Hecla Mining, a silver producer that held the polls open longer than planned when it looked like shareholders were going to reject management’s pay package.
The vote is only advisory, but Hecla’s stalling worked: Instead of failing 49.6% to 46.7%, the company’s say-on-pay vote passed with 53.7% of the vote.