The parent company of Olive Garden, Longhorn Steakhouse and other fast casual dining chains delayed its annual shareholder meeting amid allegations it was giving different information out to different classes of investors regarding the sale of Red Lobster. Activist investor Starboard Capital isn’t happy with the move.
A lame duck CEO, a swift sale of Red Lobster without shareholder approval, and two hedge funds out for the entire board should make the Darden annual meeting in Orlando next month quite the spectacle. So. Much. Drama.
Because the bank is in the midst of one of its biggest crises since 2008. It isn’t webcasting the event either, prompting one analyst to say that symbolically Citi looks like it is “running and hiding.”
Facebook held its annual shareholder meeting today. On deck: questions about mobile, advertising, and why doesn’t my News Feed do what I want it to do?
Financial analysts are typically non-confrontational. But then there are those who sit on a spectrum ranging from brazen to irresponsible to criminal.
Proxy votes are supposed to be secret. But that didn’t stop one proxy advisor from leaking them.