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...In January 2022, West Virginia treasurer Riley Moore, who manages the US state’s cash and financial dealings, became the first red-state official to pull money out of BlackRock....
...Though more than two-fifths of these are non-voting shares, Amundi ends up with two of the nine director seats on the US company’s board....
...Chris Rossbach, a fund manager at J Stern & Co, said it had voted in favour of Disney’s board recommendations....
...On Thursday, Bayer also announced the early departure of the head of its consumer health unit, Heiko Schipper, who will be replaced by Julio Triana, a senior manager in the group’s pharma division....
...“ESG efforts have targeted Texas’ oil and gas economy,” said Aaron Kinsey, chair of the state board of education....
...Oliver says to think of the light squares on the board as privately owned land, and think of the dark squares as publicly owned land....
...One of its biggest wins was at Microsoft, where ValueAct gained a seat on the board....
...The move was widely seen as a landmark shift in corporate power from management to the board....
...US asset managers only support about half of these proposals....
...The challenge to his pay was brought by a Tesla investor (and former heavy-metal drummer) who argued the company’s board misled investors about the terms of the pay deal....
...(Patrick Temple-West) Smart reads Private equity powerhouse General Atlantic is making a big bet on sustainable infrastructure investment with a takeover of UK-based fund manager Actis....
...“BlackRock is the biggest punching bag because it is the largest asset manager in the world and . . ....
...Carbon emissions reduction was by far the most commonly used metric, the firm said. But the use of these criteria is increasingly drawing fire from asset managers....
...“Caution, care and moderation are the order of the day to best ensure that the manager can continue to work with a diverse array of investors,” the firm says....
...(Patrick Temple-West) Smart read Here’s a very useful analysis of how Brazil is using COP28 to challenge the EU over its “discriminatory” green measures....
...Aaron Kinsey, chair of the Texas State Board of Education, in a letter asking for the decision to be reconsidered.* BlackRock declined to comment on the size of red state ESG-related divestments....
...representative on its board....
...His bid for Royal Mail is just the latest in a series of deals. Křetínský’s bought stakes in supermarket chain J Sainsbury and London football club West Ham United....
...BlackRock voted for the company’s proposal but withheld its support for reappointing several board directors including Chelsea Clinton, the daughter of former president Bill Clinton....
...With elections next year, fund managers are betting on policy continuity....
...Republican states reliant on the fossil fuel industry, including West Virginia and Oklahoma, have banned some asset managers from doing business with them, based on accusations of boycotting fossil fuels...
...money manager of state assets....
...Among the biggest fund managers, Vanguard supported 92.6 per cent of all board directors at S&P 500 company meetings for the 12 months ending July 1 2023, according to Farient Advisors, a pay consultant....
...JBS has previously faced disagreements with US asset managers: Vanguard and BlackRock, its fifth- and sixth-largest shareholders respectively, both voted against its board directors at last year’s annual...
...Starbucks said it would review the unions’ board nominees ahead of its annual meeting in March. The union says it has scored some victories already....
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