Hints and tips:
...The group’s opposition threatens to add institutional shareholder backing to a campaign against Mr Easterbrook’s departure terms from the trades union-affiliated CtW Investment Group....
...In the letter, CtW said Alphabet was in the middle of a “cultural crisis” and suffered from a “permissive tone at the top”....
...“The onus is on the company to make its case, and it has already managed to irk shareholders in its handling,” said Michael Pryce-Jones, director of corporate governance at CtW....
...ISS and Glass Lewis, two influential proxy advisory firms, had recommended that shareholders back the proposal, which was put by CtW Investment Group and opposed by Citi’s board....
...Mack and two directors, Robert Kidder and Howard Davies, have been under fire from CtW, a coalition of union-backed investment funds, for “risk management failures” that led to $9.4bn in mortgage-related...
...This month, CtW said Mr Mack should not serve as chairman and chief executive and called for the election of a separate chairman – a request that has been rejected by Morgan Stanley....
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