The Financial Times reports that State Street Global Advisors, the third-largest asset manager in the world, has asked the Securities and Exchange Commission to prevent companies from adopting the controversial voting structures that give founders more power than shareholders.
What a week it’s been for Whole Foods and its investors.
Earlier in the week, Whole Foods CEO John Mackey blasted activist investor Jana Partners, calling them “greedy bastards” in a Texas Monthly interview. Among his claims, that Jana was using propaganda to destroy both his reputation and that of his company because of self-interest.
When you think of an entrepreneur, who comes to mind? The popular image of a young genius clad in a grey hoodie, toiling away in a dorm room is inaccurate, says CNBC. The reality is, “[i]ndividuals turn to entrepreneurship throughout their lives.”
The online report points to First Round’s recently released results from its 2016 survey, “State of Startups.” More than 700 founders responded, revealing a wealth of information. Highlights include:
This Thanksgiving, the chance of President-elect Trump’s victory dividing some tables is high. By contrast, banks large and small are now fairly united in their optimism for the new administration.The New York Times recently reported that while small banks only first cheered Trump’s win, big banks have followed. Both are benefiting from expectations that regulations will be rolled back on aspects ranging from banks fees to lending rules. They’re also looking forward to potentially higher interest rates under the proposed stimulus package. But, as the Times points out, the President-elect’s position on the banking industry has been conflicting at times and details of his plans aren’t yet crystal clear.
As the United Kingdom and the world slowly adjust to the impending reality of Brexit, several European cities have emerged as potentially bridging the financial services gap between London and the EU.