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It is time for John Stankey to step down or be replaced

We’ve made measurable strides in fiber deployment and 5G, alongside solid free cash flow and prudent capital allocation, the reality is stark: after five years of this leadership, our stock has fallen 20% over the past year materially underperforming the broader market that has delivered meaningful gains. This persistent gap between our strategic plans and actual shareholder value creation is no longer acceptable. The transformation narrative has run its course without delivering results. For the sake of restoring accountability and protecting long-term owner interests, it is time for John Stankey to step down or be replaced. We require leadership with the urgency and execution focus to turn our strong underlying assets into tangible stock price performance.


Three things need to happen IMMEDIATELY on Sept 2!

1) Change the name of Truist. People still make fun of it.

2) Fire all management and hire business support groups to win business for the bank. Corrupt management has plagued this bank.

3) Get out of the d-mbest contracts alive with the golf sponsorship and the Braves. They add ZERO value. The bank has plummeted despite having these sponsorships and apply the money to better suit shareholders.


You Asked, We Listened!

You asked, we listened! Our vteam family let us know they wanted to reduce vacation accrual max from 150% to 125%. This gives our superstars more time to set the foundation to play to win. It also helps reduce severance for future rifs which delights our shareholders. I am humbled, honored and energized for all we have accomplished as we continue to build the future at scale - together!


So performative

Content and technology company Thomson Reuters faces a shareholder vote at its annual meeting on Wednesday over its U.S. government contracts for services that some investors and employees say may help power the Trump administration’s crackdown on undocumented immigrants.

https://www.reuters.com/legal/legalindustry/thomson-reuters-faces-shareholder-vote-over-ice-contracts-2026-06-10/


Xerox’s new 5.15% problem

A Czech boutique investment fund called STARTEEPO Invest just bought 6.7 million shares of Xerox overnight.

They now own 5.15% of the company. That officially makes a group most people in Norwalk couldn't point to on a map the 4th largest shareholder of Xerox.

What is the move?

This isn’t a passive retirement fund quietly collecting dividends. STARTEEPO filed a Schedule 13D. In corporate speak, that means they plan on speaking up. They just bought a ticket to the party and now they (somehow) want to play the music.

Why now?

Because Xerox is currently on the operating table. The company’s stock price looks like a clearance rack. STARTEEPO looked at a business generating (well, trying to) half a billion dollars in free cash flow with a deeply depressed market value and thought (right or wrong): "It's free real estate".

For the Board of Directors: the cozy, quiet boardroom days are over. Carl Icahn left a vacuum when he exited, and the board probably thought they could restructure in peace. Enter František Bostl (STARTEEPO’s chief). The fund has already explicitly stated they want to "discuss board composition and strategy".

Translation: Pack your bags, some of you are getting evicted.

For Xerox Management: expect a massive fire under executive chairs to accelerate, tweak, even change the plans underway. If management can't turn a profit fast enough, this fund will happily find people who claim they can.

Xerox spent years trying to "reinvent" itself into a sleek, modern tech-and-services company; instead, they moved so slowly they became prime bait for a mid-sized European activist fund looking for a cheap, cash-generating target.

Now, Xerox either delivers on its promises immediately, or a fund from Prague is going to dictate the terms of its survival.


$1 Billion Share Repurchase Announced

$1 billion share buyback announced while they have $500 million they still need to repurchase from the last buyback.
At the same time...the leadership team has wipes out the last 6 years of growth and gains.
They are basically gaslighting shareholders at this point as I'd rather be able to dump ally shares at $250 as opposed to $98.
The announcement didn't help stock price as it only stayed in the green for the first hour and a half of market open.


Confirmed 10k buyout for carman / mechanical

Just got word from union rep appears they are offering a 10k buyout shortly to entice employees to quit instead of collecting whatever garbage unemployment is available. Sounds like another big wave of layoffs is in the future until the shareholders are satisfied. I encourage everyone to start looking for other employment while you can


LTL

We’re all getting hit with the same weekly barrage. This isn’t shared responsibility, they’re offloading theirs onto us. The nonstop AI push is conditioning so no one pushes back when the PIPs start, because PIPs are cheaper than severances. Meanwhile ROI looks great and the shareholder buybacks keep flowing, so leadership acts like everything is fine. As long as the numbers stay green, the people doing the work don’t matter.


Engine No. 1

Remember these guys? What a joke. These are what they claim they did below. I haven’t seen any of it. They just got in during low COVID stock price and then claim they were genius because stock price rose?

Action #1: Refresh the Board of Directors with energy experience.

Action #2: Impose greater long-term capital allocation discipline.

Action #3: Implement a strategic plan for long-term value creation.

Action #4: Align management compensation with value creation, not production growth.


Vote no.

Xerox Holdings Corporation is asking shareholders to vote at its 2026 Annual Meeting on May 20, 2026 in Norwalk, Connecticut. Investors will elect nine directors, ratify PricewaterhouseCoopers LLP as auditor for 2026, and cast an advisory Say‑on‑Pay vote on 2025 executive compensation.

Shareholders are also asked to approve an amendment to the 2024 Equity and Performance Incentive Plan to increase the share reserve, supporting long‑term, equity‑based pay. The proxy details board qualifications, ESG goals including a 2040 net‑zero target, workforce initiatives after the Lexmark acquisition, capital structure, related‑party notes, and director and officer share ownership.


CVS Annual Meeting Voting Guide for 2026

I hold a small position in CVS. Tiny enough in relation to the rest of my portfolio that, to be frank, the entire company could be liquidated and I could care less. In fact I'd jump for joy.

But because I am a stockholder, I am eligible to vote in the annual meeting.

Here's how I am going to fill out my proxy card:

  1. Directors: Vote against all of them.
  2. Ratify the appointment of independent accounting firm: Vote against (of all questions, this probably matters the least, but voting against this sends a message)
  3. Approve company executive compensation: Vote against (I don't care if they all end up in the poor house)
  4. Approve the company's incentive compensation plan: Vote against (high level types covered by this plan are the ones driving CVS into the ground)
  5. Stockholder proposal to reduce threshold to act by written consent: Vote for (goes against board recommendation, and why would anyone want less say in how CVS is run?)

Citigroup Annual Shareholder Meeting - Vote!

Citi recently announced that its annual shareholder meeting will be May 20, 2026. If you contributed to the Citi Stock Fund in the 401k plan, then you are a stockholder and can vote in the upcoming meeting. Be on the lookout for the proxy statement in your mail, which will contain a ballot you can mail or info for how to vote online. Stockholders will vote on the following:

1 - Elect 13 directors
2 - Selection of the independent public accounting firm for 2026
3 - Advisory vote to approve 2025 executive compensation
4 - Approve additional shares for the Citigroup 2019 Stock Incentive Plan

Below is a link to the notice and proxy statement:
https://www.citigroup.com/rcs/citigpa/storage/public/Annual_Report/2025/2026-citi-proxy-statement.pdf

Make your voice heard as a current/former employee & shareholder!!


Board’s Fiduciary Duty to Shareholders

Nike’s entire board ought to be scrubbed at this point too. Zero accountability for failings of successive leadership teams. Waiting on evidence they take their fiduciary duties to shareholders seriously at this point. Activist and buyout the best outcome at this point to break cycle of layoffs and restructuring to hide lack of real strategy and leadership…


AI-Driven Restructuring to Unlock Shareholder Value?

With layoffs happening this morning, it looks like the company may be in the middle of a broader cost-cutting and restructuring move. A possible explanation is that leadership is reducing headcount in areas it believes can be automated or absorbed by AI-enabled tools and smaller teams, with the aim of lowering costs, improving margins, and signaling a more efficient operating model to shareholders. If that is what is happening, the message is less about short-term performance and more about a transformation strategy centered on automation, leaner staffing, and investor-facing value creation.


ExxonMobil Pioneers Fully Automated Offshore Drilling in Guyana, Redefining Future Project Economics

ExxonMobil's breakthrough in fully automated offshore drilling in Guyana has significant implications for its shareholders. The automation system not only enhances drilling efficiency and execution but also offers potential cost savings and improved well economics. This shift towards automation may lead to a more consistent and reliable production profile, which is crucial for maintaining shareholder value. Additionally, the successful deployment of this technology could influence capital allocation for ExxonMobil's offshore projects, potentially protecting well economics amid volatile oil price cycles.

While the automation system introduces new risks, such as software failures and cyber vulnerabilities, the long-term benefits of increased efficiency and operational consistency are likely to outweigh these risks for ExxonMobil's shareholders. The company's ability to demonstrate the effectiveness of its automation technology in Guyana could serve as a blueprint for future field developments, potentially impacting capital allocation for other offshore projects and beyond.

Overall, ExxonMobil's automation breakthrough in Guyana represents a significant step forward for the company's upstream operations and could have a positive impact on its shareholders by enhancing operational efficiency and potentially protecting well economics.

https://energynews.africa/2026/03/18/exxonmobil-pioneers-fully-automated-offshore-drilling-in-guyana-redefining-future-project-economics/


Shareholder Voting

Employees should have received an email today about voting your shares. If you want things to change around here, and if you don’t want executive pay to comically outstrip your actual productive work, then you MUST read the proxy statement and vote. It’s a hundred pages - not all 100 pages are important, but I can’t read them all for you. Vote down excessive compensation schemes. Vote for increased independent oversight where applicable. Grousing on thelayoff is fun but it doesn’t change anything. Management is always betting you are either too d-mb or too indifferent to even vote.