J&J investor calls on shareholders to reject CEO Gorsky s pay
By Jessica DiNapoli
Reuters
(Reuters) - The Office of the Illinois State Treasurer is calling on Johnson & Johnson shareholders to reject Chief Executive Alex Gorsky s $29.6 million pay package because it shields him from the U.S. healthcare company s opioid litigation costs.
J&J is attracting investor scrutiny because it excluded from its calculation of stock awards to its top executives some $9 billion in costs related to lawsuits claiming it helped fuel the U.S. opioid crisis and that traces of asbestos in its talc baby powder caused cancer, Reuters reported last month.
Former Blucora CEO Says Firm Is Rewriting History in SEC Filings As Blucora continues to face a proxy battle with activist investor Ancora, its former CEO John Clendening accuses the company of filing false statements.
Investment advisory firm and shareholder Ancora is waging a public proxy battle with executives at Blucora, the parent company of tax-centric broker/dealer Avantax Wealth Management. Ancora claims the company is mismanaging its broker/dealer business and causing many firms to leave.
This week, Blucora’s former CEO John Clendening, who abruptly stepped down from that firm in January 2020, came out with his own statement, accusing his former employer of filing “inaccurate and misleading 8-Ks” in its response to Ancora’s charges. In essence, those recent filings re-write history, he says, criticizing the company’s strategy under his management in contrast to more the more positive statements found in filings to the Securities and Excha
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Boeing Co. has made several changes to the membership and structure of its board since a second 737 MAX crashed two years ago. Investors will soon decide whether the company has done enough.
Baytex Energy Corp. ( Baytex ) (TSX: BTE) will hold its 2021 annual general meeting (the Meeting ) by way of a Virtual only meeting on Thursday, April 29, 2021