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R.I.P. Evelyn Y. Davis
6 Nov 2018 09:18 pmThis post is for my mom, who died in 2011. She's the only person I know would care about this (but maybe some people I know care without my realizing it).
Mom was the family investor and she taught me about stocks. Part of learning about stocks was reading companies' annual reports and proxy statements for shareholder meetings.
On many of the proxies I read for big corporations, I noticed that someone named Evelyn Y. Davis had submitted shareholder proposals (according to a Vanity Fair article, they often involved "the election of accountants, political neutrality, disclosure of executive compensation"). Her proposals always had lots of ALL CAPS in the text.
Here's an article about shareholder proposals. http://theshareholderactivist.com/shareholder-activism-spotlight/what-is-a-shareholder-proposal/
My mom and I used to joke about Evelyn Y. Davis while we read proxy statements. I tried to imagine what kind of person would submit all these proposals that almost always lost (in part because of how share-voting works). She would usually mention in the proposal the results from the previous time she'd submitted the proposal. Over the years it seemed that she lost by less huge margins, but she still always lost.
( Read more... )
Mom was the family investor and she taught me about stocks. Part of learning about stocks was reading companies' annual reports and proxy statements for shareholder meetings.
On many of the proxies I read for big corporations, I noticed that someone named Evelyn Y. Davis had submitted shareholder proposals (according to a Vanity Fair article, they often involved "the election of accountants, political neutrality, disclosure of executive compensation"). Her proposals always had lots of ALL CAPS in the text.
Here's an article about shareholder proposals. http://theshareholderactivist.com/shareholder-activism-spotlight/what-is-a-shareholder-proposal/
My mom and I used to joke about Evelyn Y. Davis while we read proxy statements. I tried to imagine what kind of person would submit all these proposals that almost always lost (in part because of how share-voting works). She would usually mention in the proposal the results from the previous time she'd submitted the proposal. Over the years it seemed that she lost by less huge margins, but she still always lost.
( Read more... )