Financial Times (February 28)
Norway’s $1.3 trillion sovereign wealth fund, the world’s largest, “is voting against Apple’s pay policies, including $99mn in salary and bonuses for chief executive Tim Cook, part of a growing shareholder backlash against remuneration at the tech giant.” The funds rationale includes the belief that “a substantial part of annual pay should be provided in shares that are locked in for five to 10 years.”
Tags: Apple, Backlash, Bonuses, Cook, Fund, Norway, Pay policies, Remuneration, Salary, Shareholder, Sovereign wealth, Tech, Voting
Wall Street Journal (July 19)
“What began as an obscure, tech-supply trade fight between Tokyo and Seoul has now erupted into a boycott mushrooming across South Korea, a backlash targeting Japanese apparel, travel and electronics.” According to a recent poll, “most South Koreans are avoiding Japan-made products.”
Tags: Apparel, Backlash, Boycott, Obscure, South Korea, Tech-supply, Tokyo, Trade fight, Travel
Bloomberg (May 23)
“Japan is beginning a major and unprecedented exercise.” Though “new immigration will help keep Japan’s economy and pension system afloat, it will inevitably introduce social strains.” Time alone will tell “whether the country’s culture and institutions will be able to learn from Europe’s experience and manage a smooth transition, or whether immigration will spark a nativist backlash that closes the country off once again.”
Tags: Backlash, Culture, Economy, Europe, Immigration, Japan, Nativist, Pension system, Social strains
MarketWatch (March 8)
“Car makers are facing a perfect storm of trade tariffs, slumping demand in the crucial Chinese market, and a backlash against diesel, which are together having a seismic effect on businesses. A shift toward electric and autonomous vehicles has not helped. They require vast investment and a different way of thinking.” Instead of the usual “corporate grins” at the Geneva Motor Show, there is “a collective grimace.”
Tags: Backlash, Car makers, China, Diesel, EVs, Geneva Motor Show, Grimace, Investment, Perfect storm, Slumping demand, Trade tariffs
Time (March 22)
“Farmers, electronics retailers and other U.S. businesses are bracing for a backlash as President Donald Trump targets China for stealing American technology or pressuring U.S. companies to hand it over.”0
Tags: Backlash, Businesses, China, Electronics retailers, Farmers, Technology, Trump, U.S.
Reuters (April 14)
“While individual companies are hesitant to criticize China for fear of backlash, critics from U.S. business groups accuse Beijing of unfairly subsidizing domestic firms and restricting foreign investment into much of the world’s second-biggest economy.” Meanwhile, U.S. business leaders may also be wary of offending President Trump even thought they are concerned given the “skin-deep results from Trump-Xi trade talks.”
Tags: Backlash, China, Critics, Economy, Foreign investment, Subsidies, Trade, Trump, U.S., Unfair, Xi
