Glass Lewis

  • 07 May 2014 at 4:08 PM

Glass Lewis Wants To Know Where JPMorgan Gets Off

…paying its top executives like they’re hot shit, when, in reality, they’re no better than, I don’t know, Citigroup. Read more »

  • 02 May 2014 at 1:32 PM
  • Banks

ISS: Lloyd’s Worth It. Probably.

Best the proxy advisory firm can tell, the Goldman Sachs CEO deserved his 50% raise last year, though, to be honest, it’s really not sure. Read more »

Proxy Advisory Endorses Dan Loeb’s Art Expertise

ISS thinks that Sotheby’s shareholders should give Dan Loeb exactly twice as many seats as he could have had without engaging in a proxy fight. Glass Lewis, less so. Read more »

Hahaha no he didn’t almost lose his chairmanship at all, come on. Anyway here’s a thing:

Dimon has also been a fierce critic of President Obama’s economic policies, including parts of the Dodd-Frank banking reform bill. Many union pension funds as well as public officials running large pension funds have vocally supported the president’s economic and regulatory policies, and the recent shareholder vote was designed to quash Dimon’s public criticism of these policies, people inside JP Morgan say.

That’s from Charlie Gasparino’s report today that the House Financial Services Subcommittee is going to hold a hearing “into whether proxy advisory firms are pushing political agendas rather than serving shareholder interests,” which I guess is no sillier a hearing than most other hearings. More things:

Executives at many companies have complained to Congress that such battles are fraught with politics, with advisory firms often pushing the political agendas of some of their biggest shareholder clients at union and public pension funds.

There’s much to unpack there1 but the basic questions are: Read more »

If you’re a Morgan Stanley shareholder on the fence about whether to give the bank your non-binding vote in favor of its executive-compensation plan this year, and would like a proxy firm to make your non-decision for you, you are out of luck. Read more »