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disney live updates: shareholder meeting may feature 'star wars' and theme park


walt disney co. headquarters in burbank (reed saxon/ap) shareholder meetings at walt disney co. tend to be pretty scripted affairs. but if past meetings are any indication, disney ceo bob iger could field some interesting -- and pointed -- questions from shareholders.  at the company's annual meeting in denver, iger could be asked about his own future at the company or even his role on president trump's business policy forum. read more






mcdonald's shareholder meeting brings roar of protests but few surprises


mcdonald's annual shareholder meeting wednesday attracted hundreds of protesters outside the burger giant's oak brook headquarters, but inside, the meeting produced few surprises.according to preliminary voting results, all the proposals put forth by shareholders failed, including requests to put a franchisee on mcdonald's board, phase out routine antibiotic use in pigs and cows in the company's supply chain, eliminate the use of polystyrene-based foam drink cups in restaurants overseas, set a lower threshold to call special shareholder meetings, and increase transparency on mcdonald's charitable contributions. fast-food workers and supporters gather may 24, 2017, in oak brook to call for a raise in the minimum wage and a union as a shareholders meeting took place inside mcdonald's headqua






more companies embrace virtual annual shareholder meetings


two years ago, surmodics inc. conducted its annual meeting and only four shareholders showed up.even though it was held at the company’s eden prairie headquarters, there was not a big return for the expense.so last year, the company conducted a virtual annual meeting — something more companies are electing to do. surmodic’s board chairwoman, susan knight, said during this year’s meeting earlier this month that the company now expects to follow suit every year.other minnesota companies that have conducted virtual-only annual meetings include minneapolis-based industrial equipment manufacturer graco inc., biotechnology company bio-techne and plymouth-based phosphate and potash producer the mosaic company.“quite frankly, it’s a more of a social gathering more than anything else,” said andy la






‘fight for 15’ targets mcdonald’s shareholder meeting


hundreds of fast-food workers demanding wage increases marched on wednesday outside of the mcdonald’s corp headquarters in a chicago suburb during the company’s annual shareholder meeting.the demonstrators were part of a larger, nationwide protest organized by the labor group “fight for 15,” which has regularly targeted mcdonald’s calling for higher pay and union rights for workers. dozens of protesters also rallied outside of united airlines shareholder meeting in downtown chicago.“i saw my mother, who worked 30 years for hardees, struggle on food stamps to raise her family and now i’m doing the same thing,” said terrance wise, a 42-year-old from kansas city who was protesting outside the mcdonald’s meeting.wise said he has worked at mcdonald’s for three years and still only earns $7.65 a






the latest: shareholders criticize wells fargo board members


ponte vedra beach, fla. — the latest on wells fargo's annual meeting after a scandal over the bank's sales practices (all times local):11:35 a.m.shareholders at wells fargo's annual meeting are taking their speaking opportunity to criticize the company's board of directors.a shareholder representing the afl-cio has called for the board to be voted out. another speaker at tuesday's meeting said there seemed to be a "culture of dishonesty" at the company and elsewhere. chairman stephen sanger said the company has been held accountable and has made changes.two major proxy advisory firms have advised shareholders to vote out at least some of the directors. wells' board has advised shareholders to vote against a proposal calling for yet another internal investigation into the bank's sales pract






buffalo wild wings starts the sale of 83 restaurants to franchisees


buffalo wild wings inc. on monday identified 83 company-owned restaurants it aims to sell to franchisees this year, formally launching a sale executives first discussed in january after an activist shareholder's pressure.the company said the denver-based consulting firm cypress group would market and broker the sales. the company and the activist shareholder had each used cypress in recent months,the number of restaurants is at the high end of a range identified by executives as they test out a strategy, known as refranchising, or shedding company-owned restaurants to lower capital spending and operational costs. ­investor mick mcguire of marcato capital management last spring bought a stake in the restaurant chain and started prodding executives to make the real estate moves to boost shar






warren buffett buys 700 million shares in bank of america, becomes largest share


warren buffett's berkshire hathaway is buying 700 million shares in bank of america, making buffett the largest shareholder in two of the nation's largest banks.berkshire said friday that it will convert warrants purchased in bank of america back in 2011, when the bank was struggling following the financial crisis, into common shares in the bank. the 700 million-share stake in the bank will make berkshire the largest shareholder in bank of america, exceeding mutual fund giant vanguard.buffett is also the largest shareholder in wells fargo.buffett said in his annual shareholder letter that he would convert his warrants in bank of america to common stock if the bank were ever to raise its annual dividend above 44 cents a share, which the bank did this week.






mcdonald's shareholder meeting brings roar of protests but few surprises


mcdonald's annual shareholder meeting wednesday attracted hundreds of protesters outside the burger giant's oak brook headquarters, but inside, the meeting produced few surprises. in brief remarks before taking questions from the crowd, ceo steve easterbrook said the company has a "restless energy" to move forward with its plan to improve customer traffic and overall growth, focusing on digital, delivery and "experience of the future," mcdonald's name for its renovated restaurants with kiosk ordering and table service. fast-food workers and supporters gather may 24, 2017, in oak brook to call for a raise in the minimum wage and a union as a shareholders meeting took place inside mcdonald's headquarters. (alyssa pointer / chicago tribune)the chain said last week it has expanded delivery thr






looking to propose a shareholder vote? it may get tougher


washington (ap) — if you’re a shareholder in a major corporation, having your voice heard may soon become harder.tucked into a republican bill to defang the dodd-frank financial rules is a provision to make it more difficult to bring proposals to a shareholder vote. it would mean fewer investors could force votes on issues important to them — from executive pay to political spending to gender discrimination.the house is to vote on the legislation this week.on its surface, the provision to weaken small-shareholder influence has nothing to do with the overall bill’s goal of reversing the stricter rules that took effect after the 2008 financial crisis. but republicans have used the opportunity to embrace a plan favored by corporations to reduce the number and reach of shareholder proposals.mo






wells fargo faces shareholders, protesters at annual meeting


ponte vedra beach, fla. — wells fargo's top management faced a series of protesters and apologized to investors tuesday, but board members kept their jobs — albeit barely in some cases — at the first big shareholder meeting since a scandal over sales practices erupted.shareholders clearly were irritated or angry at wells' management. in a preliminary tally, three out of 15 board members received a bare majority of votes to keep their jobs. that includes chairman stephen sanger, the bank's independent chairman, who received 56 percent of shareholder votes. that's in a world where it's common for a current director at a major corporation to receive north of 90 percent of shareholders' votes."wells fargo stockholders today have sent the entire board a clear message of dissatisfaction," sanger






protestors, shouted demands, disrupt wells fargo meeting


san francisco — wells fargo on tuesday held its first annual meeting since a scandal erupted over bogus accounts, but the meeting was disrupted by protests from shareholders.after about 30 minutes of presentations regarding the company’s response to the bank account debacle and an outline of the bank’s financial performance, a shareholder began shouting at chief executive officer timothy sloan, demanding that the ceo allow bank board members in attendance to disclose what they knew about the scandal and the sales practices that led to the opening of the unauthorized accounts.the meeting was punctuated by a heated exchange between wells fargo’s chief executive officer timothy sloan and a shareholder identified by bank executives as bruce marks.“each board member should be allowed to speak s






mcdonald's shareholder meeting brings roar of protests but few surprises


mcdonald's annual shareholder meeting wednesday attracted hoards of protesters outside the burger giant's oak brook headquarters, but inside, the meeting produced few surprises.according to preliminary voting results, all the proposals put forth by shareholders failed, including requests to put a franchisee on mcdonald's board, phase out routine antibiotic use in pigs and cows in the company's supply chain, eliminate the use of polystyrene-based foam drink cups in restaurants overseas, set a lower threshold to call special shareholder meetings and increase transparency on mcdonald's charitable contributions.just 1.3 percent of shareholders voted in favor of giving franchisees, which operate almost 90 percent of mcdonald's restaurants, the right to elect a board member, mcdonald's said. abo






franchisee group backs buffalo wild wings management in tussle with activist


a sizable group of buffalo wild wings inc. franchisees on monday expressed support for the company and chief executive sally smith in a fight with an activist shareholder over business strategy.the group said it appreciated the ideas put forth by the shareholder, mick mcguire of san francisco-based marcato capital management, but added it believed the company's executives were "listening and responding appropriately.""we think buffalo wild wings' recipe for success is not one to be altered to accommodate a short-term and uncertain vision by a minority shareholder group," mark jones, vice chairman of the group, called franchise business services, said in a statement.because the group represents about 90 percent of the company's franchisees, the statement gives buffalo wild wings more ammuni






starbucks ceo stands by pledge to hire refugees


new york (ap) — starbucks ceo howard schultz presided over his last annual shareholder meeting as head of the company wednesday by standing by its pledge to hire refugees and expanding on previously announced goals to hire veterans and at-risk youth.the moves underscored the progressive image schultz has helped cultivate for starbucks as he prepares to cede the ceo job next month to starbucks president kevin johnson.schultz, who will remain executive chairman, defended the promise on refugees to a shareholder who criticized his willingness to have the company’s reputation “take a beating” over it. the pledge came after president donald trump’s executive order temporarily banning refugees from seven muslim majority nations, and had prompted some calls for a boycott of starbucks.“this is not






the latest: group member removed from wells fargo meeting


ponte vedra beach, fla. — the latest on wells fargo's annual meeting after a scandal over the bank's sales practices (all times local):10:45 a.m.wells fargo's shareholder meeting was recessed briefly after a representative of a community activist group started asking questions, was told he was out of order and was removed by security.bruce marks of naca, the neighborhood assistance corporation of america, said he wanted to hear from each of the directors whether they were "complicit and incompetent" in the bank's sales practices scandal. ceo tim sloan told him he was being disrespectful, while chairman stephen sanger told him he was out of order.the meeting was halted and marks was removed by security. it's the bank's first shareholder meeting since wells fargo's sales practices scandal er






warren buffett's berkshire hathaway annual meeting updates


omaha, neb. (ap) — the latest on berkshire hathaway’s annual shareholder meeting (all times local):11:25 a.m.billionaire warren buffett says berkshire hathaway’s insurance businesses will continue to thrive regardless of who’s leading them.at berkshire’s shareholder meeting saturday, buffett was asked about the challenges of replacing ajit jain because buffett has heaped praise on jain for years.buffett acknowledges some insurance deals might be impossible to replicate once jain is gone, but says a lot of solid habits are institutionalized at berkshire’s insurance companies.berkshire owns geico and general reinsurance as well as a number of specialized insurers that handle malpractice, worker’s compensation and other businesses.for his own position as berkshire’s ceo and chairman, the 86-y






warren buffett's berkshire hathaway annual meeting updates


omaha, neb. (ap) — the latest on berkshire hathaway’s annual shareholder meeting (all times local):1 p.m.investor warren buffett says one of the most-important skills his eventual successor will need is a talent for allocating all the cash berkshire hathaway’s businesses generate.buffett said at saturday’s annual meeting that it’s crucial his successor have what he calls a “money mind.”buffett has no plans to leave his job as chairman and ceo of the berkshire hathaway conglomerate he built through acquisitions over more than 50 years. the 86-year-old told his investors that the company’s plan to replace him hasn’t changed.buffett says his successor will have to be able to wisely invest berkshire’s cash without making major mistakes. currently, berkshire has more than $90 billion in cash on






buffalo wild wings adds two names in board contest, one already offered by activ


buffalo wild wings inc. on monday ratcheted up a disagreement with its largest shareholder in an unusual way — by agreeing about something.or someone, actually.the golden valley-based company proposed two new candidates for its board of directors, including one offered earlier by the activist shareholder that has been pushing for big changes since taking a stake in buffalo wild wings last summer.the shareholder, marcato capital management, accused the company in a statement of "desperate actions," saying it wasn't consulted and that "these changes do not go far enough." marcato didn't say whether it would continue to support the candidate, sam rovit, chief executive of cti foods, an idaho-based food processor and wholesaler.in a statement, andre fernandez, who leads the governance committe






warren buffett buys 700 million shares in bank of america


new york (ap) — warren buffett’s berkshire hathaway is buying 700 million shares in bank of america, making buffett the largest shareholder in two of the nation’s largest banks.berkshire said friday that it will convert warrants purchased in bank of america back in 2011, when the bank was struggling following the financial crisis, into common shares in the bank. the 700 million-share stake in the bank will make berkshire the largest shareholder in bank of america, exceeding mutual fund giant vanguard.buffett is also the largest shareholder in wells fargo.buffett said in his annual shareholder letter that he would convert his warrants in bank of america to common stock if the bank were ever to raise its annual dividend above 44 cents a share, which the bank did this week.most read storiessa






the latest: investors treat warren buffett like a celebrity


omaha, neb. — the latest on berkshire hathaway's annual shareholder meeting (all times local):7:10 a.m.when billionaire warren buffett toured the exhibit hall where berkshire hathaway companies are selling their products outside berkshire's annual meeting, he was again surrounded by a pack of reporters, shareholders and security officers.at berkshire's annual meeting saturday, buffett is the celebrity that everyone wants to get close to. while buffett met mr. peanut at the kraft heinz booth, miami dolphins defensive lineman ndamukong suh wandered a few feet away without a crowd.while he wandered through the hall, buffett told reporters that he continues to believe the economy is growing steadily at about 2 percent a year. and he told a recent college graduate to try to find career that mak






wells fargo shareholders vote to keep board members, but barely in some cases –


ponte vedra beach, fla. — wells fargo’s top management faced a series of protesters and apologized to investors tuesday, but board members kept their jobs — albeit barely in some cases — at the first big shareholder meeting since a scandal over sales practices erupted.shareholders clearly were irritated or angry at wells’ management. in a preliminary tally, three out of 15 board members received a bare majority of votes to keep their jobs. that includes chairman stephen sanger, the bank’s independent chairman, who received 56 percent of shareholder votes. that’s in a world where it’s common for a current director at a major corporation to receive north of 90 percent of shareholders’ votes.“wells fargo stockholders today have sent the entire board a clear message of dissatisfaction,” sanger






4 things to watch as disney shareholders gather in denver for annual meeting


when the walt disney co. holds its annual shareholders’ meeting in denver on wednesday, investors will be asked to elect 11 members of the company’s board of directors and consider two shareholder proposals.but there’s more to the meeting than the official business.in recent years, the shareholder gatherings have been used by burbank-based disney to reveal information about upcoming projects, including announcements about new movies and theme park attractions.here’s a look at potential story lines as investors gather at the colorado convention center:what will shareholders ask during the q&a?the scripted portion of disney’s annual meeting is always meticulously arranged and executed. but the question-and-answer session, which is led by chief executive and chairman robert iger, often manage






iger vigorously defends abc and espn against claims of media bias


disney ceo robert iger dismissed claims of media bias against the trump administration and offered a vigorous defense of espn and abc at the walt disney co. shareholder meeting wednesday. "i am going to disagree with just about everything you said," iger said in response to a shareholder who alleged that disney-owned espn and abc news were biased in their coverage of the trump administration. "the charge that espn is exhibiting significant political bias is just a complete exaggeration," iger said. iger said he was "proud of the efforts of abc news." he gave an impassioned defense of the role of the free press, saying there has been an unfair "indictment" of some in the media because people simply don't agree with outlets' reporting.






exxon shareholders approve measure pushing for climate-change report


dallas — exxon mobil shareholders wednesday pushed the company to report and disclose whether regulations designed to reduce climate change will hurt the oil giant's business.investors holding 62 percent of shares voted at the company's annual meeting favored more disclosure around the impact of global policies aimed at limiting global warming to 2 degrees centigrade.the vote is a defeat for the company and a victory for environmentalists and shareholder activists, who saw support for their proposal grow from 38 percent a year ago.chairman and ceo darren woods says the matter will be reconsidered by the exxon board. the meeting is the first since woods became ceo, replacing rex tillerson, who moved up his retirement date after being picked to become president donald trump's secretary of st






climate change among issues to be debated at exxon meeting


dallas — at exxon mobil, profit is down and the stock has sagged too, but debate at the annual meeting is more likely to focus on the oil giant's stance on climate change and other issues.shareholder activists are pushing exxon to study and disclose whether regulations designed to reduce carbon emissions could hurt demand for oil.they also want exxon to describe steps it takes to prevent methane emissions from hydraulic fracturing, or fracking, when it drills oil and gas wells.the meeting wednesday will be the first since darren woods became ceo, replacing rex tillerson, who moved up his retirement date after being picked to become president donald trump's secretary of state.






disney ceo faces politically charged questions at shareholders meeting in denver


walt disney co.’s annual meeting in denver wednesday, was politically charged, with protesters — inside the meeting and out — pitching questions about a shareholder a proposal demanding the company disclose its lobbying policies and activities, about biased reporting by its subsidiaries abc news and espn, and ceo bob iger’s participation on president donald trump’s business advisory council.in between presentations about disney’s massive cultural and business influence, iger sparred with activist shareholders on both sides of a proxy proposal demanding the company “reveal whether company assets are being used for objectives contrary to disney’s long-term interests.”the national center for public policy research, a shareholder against the lobbying proposal made by zevin asset management, sa






tronc shareholder soon-shiong discussed purchase of la times


the second-largest shareholder of tronc in december discussed buying the los angeles times, separating it from the parent company that also owns the chicago tribune and seven other major newspapers, the company said thursday.but whether it was shareholder dr. patrick soon-shiong or tronc chairman michael ferro who initiated the discussion was a subject of debate in sharply worded attorney letters exchanged thursday.soon-shiong, a california biotech billionaire who is tronc's vice chairman but is set to be ousted from the company's board at its april 18 annual meeting, was rebuffed, according to a letter sent by tronc's attorneys to soon-shiong's attorneys.in the letter, tronc attorneys claimed soon-shiong was engaged in a strategy to "coerce the company into selling (him) the los angeles t






disney live updates: shareholder meeting may feature 'star wars' and theme park


the sizzle reel opening the disney shareholders meeting included new film footage: clips of the upcoming "pirates of the caribbean: dead men tell no tales" and "thor: ragnarok," and a longer look at "beauty and the beast." chief executive bob iger then took the stage and announced that almost 8 million people have visited shanghai disneyland, which opened in june. he said disney expects 10 million-plus visitors by the park's one-year anniversary.






climate change among issues to be debated at exxon meeting


dallas (ap) — at exxon mobil, profit is down and the stock has sagged too, but debate at the annual meeting is more likely to focus on the oil giant’s stance on climate change and other issues.shareholder activists are pushing exxon to study and disclose whether regulations designed to reduce carbon emissions could hurt demand for oil.they also want exxon to describe steps it takes to prevent methane emissions from hydraulic fracturing, or fracking, when it drills oil and gas wells.the meeting wednesday will be the first since darren woods became ceo, replacing rex tillerson, who moved up his retirement date after being picked to become president donald trump’s secretary of state.most read storiessale! get 90% off digital access.






warren buffett buys 700 million shares in bank of america, becomes largest share


warren buffett's berkshire hathaway said friday it will amass a 700-million-share stake in bank of america, making buffett the largest shareholder in two of the nation's largest banks.berkshire said that it will convert warrants it purchased in bank of america back in 2011, when the bank was struggling following the financial crisis, into common shares in the bank. the stake in the bank will make berkshire the largest shareholder in bank of america, exceeding mutual fund giant vanguard.buffett said in his annual shareholder letter that he would convert his warrants in bank of america to common stock if the bank were ever to raise its annual dividend above 44 cents a share, which the bank did this week. this week, the bank announced it would raise its annual dividend to 48 cents a share sta






l.a. times owner buys out major shareholder that pushed for sale of company


the owner of the los angeles times on thursday bought out a major shareholder that had pushed for a sale — and at the same time gave the company’s chairman, michael ferro, the ability to boost his ownership stake.the moves heightens competition between the newspaper company’s two largest shareholders, ferro and l.a. billionaire dr. patrick soon-shiong. tronc inc. owns the times, the chicago tribune and other daily newspapers. ferro and soon-shiong have been steadily buying up more shares of the company, but had been limited to purchasing no more than 25% of outstanding shares.in a regulatory filing thursday, chicago-based tronc reported that it had paid $56.2 million — more than a quarter of the company’s year-end cash on hand — to acquire shares owned by oaktree capital management. the pr






trump's nominee for sec chief reveals possible conflicts of interest


quoting 'hamilton,' disney ceo defends advising trump (but criticizes trump's policies)ryan faughnder and daniel millerdisney offers 'star wars' sneak peeks, and ceo defends staying on trump's advisory panel march 8, 2017, 12:58 p.m. at walt disney co.'s annual shareholder meeting, the company offered peeks at its upcoming movies and theme park attractions -- "star wars" was a big topic. also, ceo bob iger defended... disney offers 'star wars' sneak peeks, and ceo defends staying on trump's advisory panel march 8, 2017, 12:58 p.m. at walt disney co.'s annual shareholder meeting, the company offered peeks at its upcoming movies and theme park attractions -- "star wars" was a big topic. also, ceo bob iger defended... (ryan faughnder and daniel miller)






la times owner buys out major shareholder that pushed for sale of company


los angeles — the owner of the los angeles times on thursday bought out a major shareholder that had pushed for a sale — and at the same time gave the company’s chairman, michael ferro, the ability to boost his ownership stake. the move heightens competition between the newspaper company’s two largest shareholders, ferro and l.a.…






wells fargo investors send 'message of dissatisfaction' in narrow board vote


wells fargo annual shareholder meeting takes place tuesday in florida. by tuesday afternoon, we should know whether shareholders have voted to keep or oust most of the company's board members.






dutch court refuses to intervene in akzonobel, ppg dispute


amsterdam — an amsterdam court on monday rejected a request by a group of akzonobel shareholders to order an extraordinary shareholder meeting to discuss dismissing the paint and coatings company's supervisory board chairman.the amsterdam commercial court ruling came amid unrest by some akzonobel shareholders at the company's decision to reject three unsolicited takeover bids by american rival ppg industries.rejecting the third ppg bid, worth $28.8 billion, akzonobel said that its own plan to spin off its specialty chemicals unit within 12 months to boost growth "offers a superior route to growth and long-term value creation and is in the best interests of shareholders and all other stakeholders."some shareholders, led by hedge fund elliott management, want supervisory board chairman anton






two things about the tesla model 3 that elon musk wants you to know


“any customer can have a car painted any color that he wants so long as it is black,” henry ford once said.tesla chief executive elon musk is taking the same approach to early versions of the model 3, due for initial production and delivery in july.the first wave of customers will have only two choices for the mid-market electric car, musk said: “what color do you want, and what size wheels do you want?”speaking at tesla’s annual shareholder meeting in san jose on tuesday, musk vowed not to repeat the problems encountered by the model x suv when it was introduced in 2015. available in multiple configurations from the start, it was riddled with manufacturing and quality problems.the pressure on tesla is intense. to justify a high-flying stock valuation, the model 3 must sell well in large n






jose mourinho says ashley young is the only player who may leave manchester unit


ashley young could be on the way out of manchester united, but he’s the only one, according to jose mourinho. the red devils boss said young is the only player who could be sold in january.“the only player that i am aware of a possibility to leave, and i am waiting for january 31 to know what is going on, is ashley young, a player i would love to keep,” mourinho said after man united beat wigan in the fa cup on sunday.“i am not happy if he leaves, but he is the only player that i am informed has a possibility of leaving. that is why he didn’t play and i gave chances to other people, because i don’t know if he is going to stay.“if i could choose, definitely yes he would stay with us.” ap/copyright the ociated press. all rights reserved.mourinho’s comments were in response to a question abou