As Wells Fargo’s fake account crisis played out, the wounded banking giant knew it needed to rebuild investors’ trust. To that end, it recently installed investor relations chief Jim Rowe at the helm of its new stakeholder relations group.
Despite calls for “radical change” at Nestlé from activist investor Daniel Loeb’s Third Point hedge fund, the company’s new chief executive, Mark Schneider, is standing firm with the company’s own vision for growth.
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.
Issuer Direct is packing up and heading south to Orlando, Fla., for the NIRI Annual Conference, June 4-7. Like this year’s theme, we also “Break the Mold.” We’re a different kind of company, offering a different kind of investor relations products to help drive change. Speaking of driving…