Great to see Ralph Nader write something on the very important matter of dividends and stock buybacks, see, “It’s time for Cisco to cough up shareholder cash.” (Hyperlink visible in full article view) And great to see it published by a mainstream outlet like Reuters. Billions of dollars, if not tens of billions, at companies [...]
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GE, Gibson Dunn vs. SEC & Me Take II
Serendipitously on Martin Luther King, Jr. Day, I was able to relay great news for shareowners of General Electric (GE) and all publicly-traded companies. The SEC ruled the prior week that GE cannot omit my critical proposal (hyperlink appears in full article view; see page 2 of PDF) requesting its board reexamine dividend policy. GE has [...]
When the proxy system works: SEC allows critical dividend proposal at GE
As I pen this article on this day of remembering/honoring Martin Luther King Jr., an icon of activism, I am elated to share great news for General Electric (GE) and all public equity shareholders alike: the Securities and Exchange Commission has informally ruled that GE cannot omit my proposal from its 2012 Annual Meeting and proxy statement. [...]
Is GE’s dividend really a top priority?
Please see Seeking Alpha (“GE Dividend Still Taking Back Seat to Buybacks“) for my latest installment in the saga of General Electric’s (GE) reluctance to share the wealth with its shareholders. *Click “Read Full Story” below for hyperlink to Seeking Alpha.*
The high price of GE’s stock repurchases
Beware the stock buyback story. While Berkshire Hathaway (BRK.A) (BRK.B) investors and the media were mostly pleasantly surprised by the company’s (i.e. Buffett’s) announcement yesterday saying it may buy back its stock under certain conditions, the situation is quite different at General Electric (GE). The most recent buybacks at GE have cost approximately $30/share, which [...]
Opportunity behind Nintendo’s falling stock price
Please see my article about Nintendo (NTDOY.PK) (JP: 7974) published exclusively at Seeking Alpha, “Nintendo: Dirt Cheap Ahead of Next Growth Cycle.” Take the time to read the whole piece and note where I say, “As attractive as Nintendo’s valuation is, I would not be surprised to see its stock trade lower near-term, especially as [...]
General Electric: buybacks vs. dividends
Heads up to readers that I have an exclusive article about GE published at Seeking Alpha, “General Electric: Eschew the Buybacks, Hike the Dividend More Meaningfully.” Shareholders and potential investors will be pleased to know that in fact, GE has a good problem on its hands of a much improved balance sheet, large cash pile, [...]
Board directors get lucky
Dodd-Frank delivered “say-on-pay,” seemingly empowering shareholders (key word is seemingly), but the results thus far have largely been a director’s dream come true: overwhelming support for pay packages and as Fortune reports, a noticeable decrease in votes against directors. In other words, despite shareholders at last getting a say-on-pay (a right to vote — albeit [...]
CEO pay: how much is enough?
We have a problem in the United States, a destructive problem of gross inequality that is unlike any other developed economy and perhaps as bad or worse than so-called third-world economies. Chief executive officers at large companies earn a multiple of 300-times or more than what the average worker earns — meantime unemployment remains high, [...]
Privilege trumps posterity at General Electric
The vote results from General Electric’s (GE) annual meeting held on April 27th were filed with the SEC on Tuesday. A “5th grader” reviewing the results could easily see that General Electric prevailed overwhelmingly: in reelecting its directors, approving executive pay, and voting down shareowner proposals. I question whether GE’s board and its executives could [...]
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