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He is threatening S.E.C. action if companies continue to issue new stock options to top executives without getting shareholder approval.
Since many are structured as subsidiaries whose only shareholder is their parent bank, getting shareholder consent is a doddle.Other ploys include paying monthly cash "allowances" or granting forgivable loans that only have to be repaid if the banker leaves within a certain period of time.
(Could investors be betting on yet another increase?) In the same news release on Monday, JPMorgan and Bear announced a side deal in which Bear will sell JPMorgan 95 million newly issued shares, representing a 39.5percentt stake in the firm, for the same price, without getting shareholder approval.
The U.K. insurer has run into issues getting shareholder approval for the deal and asked AIG to reduce the price by about $5 billion.
Tesla and SolarCity leapt an important hurdle Thursday: getting shareholder sign off for the proposed acquisition of the latter by the former.
Among other things, it claimed the company changed the list of restaurant-company peers used to evaluate its performance without getting shareholder approval and that it didn't adequately disclose to shareholders "the description of the business criteria on which the performance goals are based and the formula used to calculate the compensation".
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A major hurdle, he said, is getting shareholders to agree.
"But we're not at a point where we're raising money and getting shareholders; if we were, I think the B Corp status would help us".
One of the biggest problems is actually getting shareholders to vote at all; only 67% did in 2010, though that is an improvement on the 59% in 2007.
"Let's suppose somebody wants to buy a company and has to get shareholder approval," Mr. Rubenstein said.
Cinema's primary responsibility, he continued, was "to get shareholder returns and to make films that are fun and entertaining.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com