Episode Details
Back to Episodes
Executives hate their boards, Musk out donations, Walmart eating tariffs, and W is for Woke
Description
The 5:5:5 Good Game of Stupid Edition: Normal/Trump/Funny (to me)
Normal
93% of U.S. Executives Desire Board Member Replacements
In a recent survey conducted by PwC and The Conference Board, a substantial majority of senior executives in the U.S. expressed a desire for changes within their company's board of directors.
The study revealed that 93% of the 520 top managers surveyed want at least one board member replaced, marking a record high in the survey's five-year history.
The findings highlight growing tensions between management and boards, as 32% of executives reported board members interfering in day-to-day operations, a significant increase from 16% the previous year.
Concerns were also raised about directors' performance being hindered by age and overcommitment, with 56% and 47% of respondents citing these issues, respectively.
Tejon shareholders vote in activist investor, remove longtime director
Andrew Dakos received 19,785,261 proxy votes in favor to 17,338,888 against, which allowed him to unseat 24-year director Michael Winer, who received 821,536 in favor and 2,974,871 against
New Jersey activist group Bulldog Investors
Phillip Goldstein (19,757,851/17,342,618); Chair (2015-) and Director (1998-) Norman Metcalfe (81) somehow reelected (19,807,311/3,547,606)
Shell Faces Fresh Legal Challenge Over Development of New Oil and Gas Fields
Dutch environmental group Milieudefensie said by developing new fields, the oil and gas giant is in breach of legal duties to cut carbon emissions
Starbucks doubles down on baristas, not AI, to fix its customer crunch
Elon Musk says he will spend ‘a lot less’ on future campaign donations
Elon Musk commits to leading Tesla for next five years
Trump
Trump tells Walmart to 'eat the tariffs' instead of raising pric