Latest news with #executivecompensation
Bloomberg
2 hours ago
- Business
- Bloomberg
Teton Capital Said to Agitate for Changes at Atlantic Union Bank
Financier David Sokol's investment fund has taken a stake in Atlantic Union Bankshares Corp. and is pushing the US regional bank to consider cutting costs, shrinking its board and overhauling its executive compensation, according to people familiar with the matter. Teton Capital — run by the former Berkshire Hathaway Inc. executive — holds a less than 5% stake in Atlantic Union, said the people, who asked to not be identified because the details aren't public.
Yahoo
a day ago
- Business
- Yahoo
Warner Bros Discovery (WBD) Shareholders Reject CEO Pay Amid Stock Slump
A majority of Warner Bros Discovery (WBD, Financials) shareholders voted against the 2024 compensation package for Chief Executive David Zaslav, according to a regulatory filing issued Tuesday. The nonbinding vote reflects growing shareholder frustration as the company's stock continues to underperform. Warning! GuruFocus has detected 4 Warning Signs with WBD. Shareholders rejected Zaslav's $52 million pay deal, which exceeds the 2024 compensation reported by Disney CEO Bob Iger ($41 million) and Comcast CEO Brian Roberts ($34 million). While the vote does not mandate changes, the board said it takes the results of the annual advisory vote on executive compensation seriously. Revenue and cash flow concerns have persisted across WBD's television business, prompting S&P Global to cut the company's credit rating to BB-plus last month. Shares of WBD have fallen nearly 60% since the merger that formed the company in 2022. At the time of the merger, WBD reported $55 billion in debt, which had declined to $38 billion as of May, according to the company. Some analysts expect Warner Bros Discovery may consider spinning off its studio and streaming businesses as it works to regain investor confidence. See insider trades for WBD. Explore Peter Lynch chart. This article first appeared on GuruFocus.
Reuters
3 days ago
- Business
- Reuters
Warner Bros Discovery shareholders reject 2024 executive pay
June 3 (Reuters) - A majority of Warner Bros Discovery (WBD.O), opens new tab shareholders voted against the 2024 pay packages of CEO David Zaslav and other top executives at the media conglomerate's annual stockholder meeting, a Tuesday regulatory filing showed. The board of directors had recommended shareholders to vote in favor of the 2024 executive compensation; however, more than 59% of them rejected the proposal on a non-binding basis. For 2024, Zaslav's total compensation rose 4% from the prior year to $51.9 million. Warner Bros Discovery has been struggling to stem declines in its cable TV business amid widespread cord-cutting, focusing instead on its faster-growing streaming and studios divisions. Last month, it missed first-quarter revenue estimates and posted a larger-than-expected loss. The company is also moving towards a potential breakup, CNBC reported last month. WBD had laid the groundwork for a possible sale or spinoff of its declining cable TV assets last December by announcing a separation from its streaming and studio operations. Powered by a strong content slate, including the third season of HBO's "The White Lotus" and the medical drama series "The Pitt", WBD added 5.3 million streaming subscribers in the January-March quarter, beating market expectations, but still far off from streaming industry leader Netflix (NFLX.O), opens new tab. The company last month also walked back on the branding of its streaming service, Max, bringing back the HBO name it dropped two years ago.
National Post
3 days ago
- Business
- National Post
Algonquin Power & Utilities Corp. Holds Annual Meeting of Shareholders and Announces Election of Board of Directors
Article content OAKVILLE, Ontario — Algonquin Power & Utilities Corp. ('AQN' or the 'Company') (TSX/NYSE: AQN) today held an annual meeting of common shareholders. At the meeting, each of the following 11 nominees listed in the Company's management information circular dated April 24, 2025 were elected as directors of AQN pursuant to a vote by ballot: Article content Nominee Votes For % For Votes Against % Against Brett Carter 445,237,184 96.47 16,311,561 3.53 Amee Chande 459,368,238 99.53 2,181,565 0.47 Daniel Goldberg 426,493,805 92.40 35,054,939 7.60 Christopher Huskilson 459,454,425 99.55 2,094,321 0.45 D. Randall Laney 457,935,246 99.22 3,613,500 0.78 David Levenson 452,740,056 98.09 8,808,689 1.91 Christopher Lopez 459,366,229 99.53 2,182,520 0.47 Gavin Molinelli 458,963,565 99.44 2,585,180 0.56 Dilek Samil 458,920,264 99.43 2,629,539 0.57 DeAnn Walker 459,292,463 99.51 2,257,338 0.49 Roderick West 459,375,880 99.53 2,172,866 0.47 Article content Article content Shareholders also voted in favour of the re-appointment of Ernst & Young LLP as the Company's auditor for the ensuing year, a resolution approving the continuation, amendment and restatement of the Company's Shareholder Rights Plan, and an advisory resolution approving the Company's approach to executive compensation. Article content Final voting results on all matters voted on at the annual meeting of shareholders will be filed with Canadian and U.S. securities regulatory authorities at and Article content About Algonquin Power & Utilities Corp. and Liberty Article content Algonquin Power & Utilities Corp., parent company of Liberty, is a diversified international generation, transmission, and distribution utility. AQN is committed to providing safe, secure, reliable, cost-effective, and sustainable energy and water solutions through its portfolio of generation, transmission, and distribution utility investments to over one million customer connections, largely in the United States and Canada. AQN's common shares, preferred shares, Series A, and preferred shares, Series D are listed on the Toronto Stock Exchange under the symbols AQN, and respectively. AQN's common shares and Series 2019-A subordinated notes are listed on the New York Stock Exchange under the symbols AQN and AQNB, respectively. Article content Article content Article content Article content Article content Contacts Article content Investor Inquiries: Article content Alison Holditch Manager, Investor Relations Algonquin Power & Utilities Corp. E-mail: InvestorRelations@ Telephone: (905) 465-4500 Article content Media Inquiries: Article content Article content
Bloomberg
3 days ago
- Business
- Bloomberg
Warner Bros. Shareholders Reject Advisory Vote on Executive Pay
A majority of Warner Bros. Discovery Inc. shareholders voted against the 2024 compensation package given to Chief Executive Officer David Zaslav and other executives at the company's annual meeting Monday, according to a regulatory filing. 'The Warner Bros. Discovery Board of Directors appreciates the views of all its shareholders and takes the results of the annual advisory vote on executive compensation seriously,' the board of directors said in a statement. 'The Compensation Committee of the Board looks forward to continuing its regular practice of engaging in constructive dialog with our shareholders.'
