Forbes (March 9)
Worldwide there are now a record 1,210 billionaires. Combined, they are worth $4.5 trillion. You’re most likely to meet one in Moscow, but the world’s richest billionaire remains Mexico’s Carlos Slim who added $20 billion to his wealth, currently estimated at $74 billion. The U.S. hosts 413 billionaires. In China, the number of billionaires doubled to 115. Meanwhile, Japan is home to 26 billionaires, ranging from Masayoshi Son ($8.1 billion) to Yusaku Maezawa ($1 billion).
Tags: Billionaires, Carlos Slim, China, Japan, Mexico, Moscow, U.S.
Bloomberg (March 9)
Hewlett-Packard is under fire (again). This time the issue is CEO Leo Apotheker’s involvement in the nomination of five new directors. Company rules stipulate this process must be conducted by independent directors. Because they failed to uphold the nomination process, proxy adviser ISS is recommending “no” votes against 3 directors standing for re-election and against the CEO’s remuneration. “The CEO’s formal participation in the ad hoc committee established to identify potential director candidates runs contrary to the Nominating and Governance Committee’s Charter.”
Tags: Directors, Governance, HP, ISS, Nomination, Proxy adviser