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...Institutional Shareholder Services, a proxy adviser, has recommended shareholders reject the plan at next month’s annual meeting, calling it “excessive”....
...Lewis said he did not have “any formal involvement” with Morrisons or MFG....
...Another proxy adviser, Glass Lewis, has recommended clients support both Bock and von Bomhard....
...Kennedy Lewis, a $14bn credit firm, last week agreed to sell a significant stake to Petershill Partners, the private equity investment arm of Goldman Sachs Asset Management....
...In response to questions from the Financial Times, the European Commission said: “We are indeed looking at the compliance packages of all gatekeepers, including Apple....
...Fellow proxy adviser Glass Lewis also highlighted Botín’s pay rise as a concern in its report seen by the FT, but backed the overall package because of the bank’s strong results....
...But the majority backed it, despite the counsel from the largest advisers, Institutional Shareholder Services and Glass Lewis, which judged the increase in incentive-based payments “excessive”....
...In a report released last year, the country’s Immigration Services Agency said the number of foreign nationals living in Japan had reached a record high of 3.2mn at the end of June 2023....
...Institutional Shareholder Services had recommended investors vote against the package, saying it recognised Stellantis’s strong post-merger performance but the chief’s “pay is considered excessive even in...
...Shareholder adviser Glass Lewis had recommended that investors vote against Schwimmer’s new pay package, saying the large lump-sum increase was unjustified....
...Nikkei Inc, which calculates and publishes the index, owns the Financial Times....
...BlackRock is not the only US company to step up security spending on its chief executive.Disney chief Bob Iger’s 2023 pay package included $1.2mn in costs for “security services and equipment”, the entertainment...
...Beyond meeting its own logistics needs, Amazon’s third-party shipping service could mushroom into a new business area akin to its cloud computing....
...leo.lewis@ft.com...
...ISS’s recommendations diverge from fellow proxy adviser Glass Lewis, which earlier this week backed all of Disney’s board nominees....
...Bundling digital services could help to solve that problem. Offering packages of TV services is not a novel concept....
...Biden on Wednesday signed a $95bn aid package for Ukraine, Israel and Taiwan that included a measure to tackle what US national security officials view as the threat of Chinese group ByteDance, which owns...
...Many brands bought a multimedia package that included CBS and Nickelodeon as well as Paramount+....
...When it was initially awarded to Musk, the stock-based incentive package at issue was valued at $2.6bn....
...“With a presence in China for over four decades since 1982, we have consistently sought to contribute to the development of the country’s capital markets and service the evolving needs of clients....
...Additional reporting by Leo Lewis in Tokyo...
...The package included $1.5mn in base salary, a $7.9mn cash bonus, $5mn in deferred equity and a $13.2mn long-term incentive award....
...Model portfolios — standardised investment packages that broker-dealers, wirehouses and registered investment advisers can use to invest client money — typically use between four and 20 underlying ETFs or...
...Internet service providers would be compelled to block access to TikTok on the web....
...The service, to be offered in an as-yet unnamed app or bundled with Disney+, Hulu and Max streaming subscriptions, will be aimed at US consumers who have ditched traditional pay-TV packages in favour of...
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