Elaine Wynn has spent much of the last year trying to come to an amicable agreement with her ex-husband about dissolving the shareholder agreement, said a person who is familiar with the dispute.
There is reason to be sanguine about the next shareholder class.
FORBES: Shareholders, Shake Off Your Apathy And Vote To Stop Tom Ward And Michael Dell
Also, a brief update to the issue I raised the other day about whether Facebook needs to be concerned about crossing the 499-shareholder line.
FORBES: Facebook Investor's Holiday Ode To The (Privately-Traded) Stock
Recently I spoke with Marc Gerstein, editor of the Forbes Low Priced Stock Report, and a Sirius XM shareholder, about the competitive threat posed by Pandora, Spotify and other services.
FORBES: Sirius Still Has Big Fans But Pandora And Spotify Are Wildly Cheaper
The billionaire said in his regulatory filing that he plans to speak to management about increasing shareholder value, including the possibility of a leveraged buyout.
FORBES: Herbalife Spends $10-$20 Million Fighting Ackman Crusade, Far More On Buybacks
Presumably, as the clock drew closer to the shareholder meeting at the end of this month, Einhorn warned Apple that he was about to release a PR blitz against the company to rally shareholder support.
FORBES: Peter Oppenheimer Failed When David Einhorn Went Public In His Battle Against Apple
The high pay leads to questions about the alignment of management and shareholder interest, which leads me to question Lime as a long term hold.
Mr. Systrom came up with the idea for Instagram and is the company's largest shareholder with about a 45% stake, said people familiar with the matter.
Just about every article on the subject of shareholder activism includes a different litany of targeted companies.
FORBES: Shareholder Activism: This Specter Won't Stop Haunting the Marketplace
If it is accepted, one effect would be to keep about half the merged company's shareholder base in Australia potentially an important consideration for competition authorities there.
These two calls are not so surprising given that both Glass Lewis and ISS recommended the same thing last year, when the proposal got about 40% shareholder support.
The two together own about 10% of the stock, far more than any other shareholder, according to FactSet.
WSJ: HEARD ON THE STREET: Motion Sickness Will Recur for BlackBerry Holders
There is substantial overlap in the shareholder base, with about 50% of it the same, according to CNBC.
Blind opinion surveys provide invaluable clues to what people on The Street really think about the company and what next steps specific shareholder groups might take.
FORBES: Shareholder Activism: This Specter Won't Stop Haunting the Marketplace
Reshaping the equity market structure is about creating shareholder value.
There is another curious dimension to that relationship: with about 30 million taxpayers in the UK, the shareholder base of this company would be far bigger than that of any other entity of which I know.
Thus, the best strategy, from the perspective of maximising shareholder value, is probably for customers to know as little as possible about the personal opinions of a company's boss.
In our view, the problem is more exactly the internalisation of shareholder value pressures, and to illustrate the point we present below a kind of thought experiment about a different Apple (without shareholder value) which was willing to accept lower margins and employ more US blue collar labour.
FORBES: Apple's Foxconn Jobs Just Aren't Coming Back: This is Complete Nonsense
Prince Alwaleed bin Talal of Saudi Arabia, Citi's largest shareholder, has worried publicly about how well the two men were getting on.
"We believe in one share, one vote, and if all we get back are bromides about the need to preserve journalistic integrity, we think the burden is on the company to prove its model maximizes shareholder value, " says Christopher Young, of proxy adviser Institutional Shareholder Services.
Veteran shareholder attendees and activists asked basic questions about the composition of the board and the need for more diversity on the board after Brown University President, Ruth Simmons, decided not to pursue reelection to the Board, after serving as a director for nearly a decade.
To learn more about what Buffett said during the meeting, please go to the complete shareholder meeting notes.
FORBES: Buffett Owns Wells Fargo in Personal Portfolio; Wouldn't Short Google and Apple
The expected smaller gain in compensation also reflects intensified shareholder pressure about executive pay, particularly when it seems unrelated to performance.
During the shareholder meeting held Saturday, Warren Buffett was asked about his personal holdings, and his opinions with Apple ( AAPL) and Google ( GOOG).
FORBES: Buffett Owns Wells Fargo in Personal Portfolio; Wouldn't Short Google and Apple
One man who has said little of late about Yukos's fate is Mikhail Khodorkovsky, the company's biggest single shareholder and an opponent of Mr Putin.
Judge Sullivan separately denied a request by shareholder Brian Gralnick that pressed Apple to disclose more information about how the company grants stock awards to executives.
WSJ: Judge Grants David Einhorn's Bid To Block Apple Proxy Vote
In response to a shareholder question, Mr. Cook said he was unconcerned about whether the new iPad Mini would hurt iPad sales, repeating his earlier statement that Apple prefers to cannibalize its own product's sales before competitors do.
By the end, they cared less about customer needs and product quality and more about shareholder value.
Still, Ergen has promised to be cautious about throwing piles of shareholder money into what may, or may not, be the next new technology.
But, what investors really need to be concerned about is not absolute levels of pay, but rather the correlation between executive pay and shareholder value.
FORBES: On Both Sides of the Atlantic: CEO Pay Increases > Total Shareholder Returns
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