The Evolution of Shareholder Activism in the United States*
Эволюция акционерной активности в Соединённых Штатах*
2007-01-01
SCID: 54.1/c85eax2j
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Gilbert BrothersUnited Statesannual shareholders meetingsshareholder activismshareholder proposals
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Abstract (AI)
9. Some of the gadfl ies had been submitting proposals since they were fi rst allowed in 1942.In fact, according to Talner (1983), the activism of the Gilbert Brothers can be traced to a 1932 annual shareholders meeting of Consolidated Gas in which the Chairman never recognized any of the shareholders who had raised their hand to ask questions.
Key Findings
1
Shareholder activism in the United States has historical roots predating the formal allowance of shareholder proposals in 1942.
2
Some activist shareholders, including the Gilbert Brothers, had reportedly submitted proposals continuously since shareholder proposals were first permitted in 1942.
3
The Gilbert Brothers’ activism can be traced to a 1932 Consolidated Gas annual meeting, where the chairman allegedly refused to recognize shareholders seeking to ask questions.
4
The historical account links early shareholder activism to dissatisfaction with management’s failure to acknowledge shareholder participation.
Research Object
shareholder activism in the United States
Research Subject
its historical evolution, including the activities and shareholder-proposal practices of activist shareholders
Publication Details
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2007-01-01
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