Annual/Shareholder/Board Meetings

New Buyback Tax Will Force Companies to Think Twice on How to Use Cash

In the scrap over how to fund President Joe Biden’s spending plans, the Democrats’ focus has shifted from taxing private funds to public at the last minute. Sen. Kyrsten Sinema (D., Ariz.) backs dropping a proposed tax increase on carried interest income and adding a 1% tax on stock buybacks to the legislation. It means …

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Tesla investors urged to vote against board members, for shareholder proposals by influential advisory services

Two prominent and influential proxy advisory firms are urging Tesla Inc. investors to vote against the reelection of two board directors, and are recommending they defy the company’s wishes and vote for six out of eight shareholder proposals. Tesla TSLA, +0.04% is facing several employee-related controversies and is caught up in the glare of the …

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