Business Roundtable Boards, plus Victoria’s Secret and vote roundups
About this episode
The episode discusses recent corporate governance changes and voting results from various companies, including Berkshire Hathaway and Victoria's Secret.
Proof that Berkshire Hathaway has always been fake frugal Companies following their own rules Victoria’s Secret rejects a Brett Blundy A wrap-up of 150 meeting results over the past 2 weeks And on the Big Vote, Matt accepts the BlackRock, JP Morgan, Northrop Grumman, Home Depot challenge <TRADE WIRE BUMPER> Trade Wire Top Stories: Filings since May 1st The headlines BERKSHIRE HATHAWAY Charles C. Chang will succeed Marc D. Hamburg as Berkshire’s CFO Mr. Chang will be paid an annual cash salary of $8,000,000. Berkshire will provide Mr. Hamburg (or his spouse, if he predeceases her), with up to 30 flight hours per year on a mid-sized NetJets aircraft for a term starting on June 1, 2026 and ending no later than May 31, 2037 . Berkshire will provide Mr. Hamburg with tax gross-up payments to cover Mr. Hamburg’s imputed tax expenses related to this travel benefit. Berkshire estimates its cost of providing this benefit will be approximately $490,000 per year EMERSON ELECTRIC elected Jennifer G. Newstead 3 women! GENERAL MILLS Long-tenured director Steve Odland (2004-) stepping down Dana McNabb named COO, been with the company since 1999 and is also becoming a director…
More episodes of PROXY COUNTDOWN
- Proxy Season Crossover
- Director vote gaps, plus manipulating pay at Costar and “social independence” at Veeva
- Declassify Lululemon, plus anti-ESG losses and big dumb payouts
- Board scenario models at Walmart, plus Amgen won’t move your piano
Explore listener stats, chart rankings, contacts and more on the PROXY COUNTDOWN podcast page.