Elon Musk, the co-founder and CEO of Tesla Motors, is very passionate about the electric vehicle company he runs. If ever there was any doubt, it was erased yesterday during the yesterday's shareholder meeting.
Considering the sorry state of financial affairs that GM appears to be in, it seems extremely unsurprising that the board would like to see some big changes made at the very top of the company. What is a little shocking, though, is just how soundly the specific proposals were rejected. For instance, a proposal sponsored by John Chevedden of Redondo Beach, California, which would have given shareholders an annual advisory vote on executive compensation and pay, found less than 38-percent of voter
Two activist shareholder groups who work together in an attempt to force automakers to care about green issues - the Interfaith Center on Corporate Responsibility and the Investor Network on Climate Risk Network (which includes the Connecticut State Treasurer's office) - have backed off of Ford. The groups are pleased with Ford's announcement that details how it will reduce greenhouse gas emissions by 30 percent in the next dozen years. The groups had targeted FoMoCo for a shareholder resolution
You can imagine that for most automakers in today's market, shareholder meetings are about as fun as finding out your CUV only got 4 stars from the NHTSA instead of 5. Toyota has often been the exception to the rule, and its recent shareholder meeting went down unlike any other today in Toyota City, Japan. Rather than the normal bitching and moaning from shareholders about what management didn't do or should've done, the Toyota board was regaled with praise from its shareholders. One woman was r