Hints and tips:
...Advisers have a fiduciary duty to put client interests first at all times. Brokers must recommend products that are in a client’s best interest, but they do not have ongoing responsibilities....
...In some cases, when anti-ESG and boycott laws passed, public pension fund trustees balked at being forced to move money, saying it would violate their fiduciary duty to put investors first....
...The vast majority of them will never have a contract or fiduciary duty dispute of any significance, and irritating shareholders with a forum-shopping gambit is almost certainly not worth it....
...But Southwest, which heavily markets its “Bags fly free” policy, endorsed it....
...UTA’s complaint — which has been seen by the Financial Times — alleges “constructive fraud” and breach of fiduciary duties among other allegations....
...Shares in American and Alaska closed up 10.3 per cent and 4.5 per cent, respectively in New York trading, while Southwest dipped 2.3 per cent....
...However, it could also force investors and corporate leaders to rethink their relationship with the government on cyber issues — and their concept of fiduciary duty in a free-market system....
...“Peltz, with his considerable experience on other boards and fiduciary duties owed to a large shareholding group, appears best positioned to bring a shareholder perspective to the board.”...
...BlackRock has attributed its decision to the potential conflict between the aim of CA100+ to get companies to decarbonise and its own fiduciary duty to prioritise economic returns, at least for those clients...
...A slow recovery in tourism from Asia, growing competition from Southwest Airlines and the recent wildfires in Maui have all weighed on demand....
...For institutional investors with a fiduciary duty to invest in the best interests of our clients, dual-class share structures significantly dilute our ability to exercise our obligations....
...The divestment campaign foundered in Kentucky, where pension officials said moving billions of dollars out of BlackRock and other firms that use ESG factors would violate their fiduciary duty to maximise...
...A person might have strong opinions about whether Delaware courts are more rigorous around corporate governance standards and fiduciary duty as applied to Cult-of-Personality stocks than those in Texas....
...As for JetBlue, it has been searching for a way to keep up with the big four US carriers — American, United, Delta and Southwest — who through their own dealmaking now control 80 per cent of the domestic...
...— particularly for lower-cost carriers — which has consolidated rapidly over the past two decades, leaving it dominated by the four big carriers: American Airlines, United Airlines, Delta Air Lines and Southwest...
...Pilot’s put right [its right to sell shares] has not only made litigation inevitable, but also made clear that Berkshire and the board defendants will not commit to honour their contractual obligations and fiduciary...
...“The decision demonstrates that Delaware’s historic role in overseeing the exercise of fiduciary duties is alive and well — perhaps better than it has been in some time”....
...Investors had expected it to be certified in the first half of this year before being delivered to its launch customer, Southwest Airlines....
...This study will strengthen the case of investment firms that contend it is part of their fiduciary duty to consider gender representation and other social factors in the investment process....
...The board believed it had a fiduciary duty to get the best price even if the winning buyer came from abroad....
...“They feel they have inherited the fiduciary duty on behalf of the fund investors, so they are continuing to try to reclaim the money,” said a person with knowledge of UBS’s approach to the case....
...In a recent note, Houchois at Jefferies criticised Musk’s “cavalier attitude towards governance and fiduciary duties”, a record of “misallocating his own capital” and “questionable strategic and product...
...Southwest Airlines put the cost of December’s holiday cancellations of nearly 17,000 flights at $1bn....
...“Private equity and hedge funds have a fiduciary responsibility to hire consultants and show that they’ve conducted due diligence....
The FT’s Claire Bushey explains why an estimated 25mn people were left feeling angry in US airports last year
International Edition