Apple Agrees to Pay $490M to Settle Lawsuit Alleging That Tim Cook Defrauded Shareholders

Apple has agreed to pay $490 million to settle a class action lawsuit alleging that Apple CEO Tim Cook defrauded shareholders by concealing falling demand for iPhones in China, according to Reuters, which cited a court filing today. The proposed settlement requires approval by U.S. District Judge Yvonne Gonzalez Rogers in California. On a November […]

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Major Shareholders Planning to Force Apple to Reveal Use of AI

Some of Apple’s biggest investors are set to pressure the company tomorrow to reveal its use of artificial intelligence tools (via the Financial Times). Apple’s annual shareholder meeting takes place tomorrow, allowing those with a major stake in the company to put forward proposals. One resolution proposed by the American Federation of Labor and Congress […]

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Here’s how Samsung will return money to shareholders for 2024-2026

Like any major corporation, enhancing shareholder value is an area of focus for Samsung Electronics. The company announced its Q4 2023 guidance today and also highlighted its shareholder return program for 2024-2026. The shareholder return program is put in place following an in-depth review by the company’s board. All members carefully evaluate the current and […]

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Samsung Electronics to hold 54th general meeting for shareholders on March 15

Samsung announced on February 14 that it will hold its 54th general meeting for shareholders on March 15, 2023. The general meeting will be held at the Suwon Convention Center in Gyeonggi-do, South Korea. The meeting will include discussions on the approval of the financial statement, the appointment of Jong-Hee Han as an inside director, and […]

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Apple’s Annual Shareholders Meeting to Take Place Virtually on March 10

Apple’s annual shareholders meeting is set to take place Friday, March 10 at 9:00 a.m. Pacific Time, according to an SEC filing released today. Those who want to attend, vote, and submit questions during the annual meeting can visit the virtual meeting website and enter a control number included in the Notice of Internet Availability […]

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Samsung quietly held its 53rd Founding Day and 54th general shareholders meeting

Two days ago, Samsung Electronics held its 53rd Founding Day at Samsung Digital City located in Suwon. The company’s annual Founding Day event was held quietly as South Korea is mourning the Itaewon accident, where 155 people died during Halloween celebrations. The ceremony was attended by various high-level executives, including Vice Chairman Han Jong-hee and President […]

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Samsung CEO apologizes for Galaxy S22 throttling issue during annual shareholders meeting

At Samsung Electronics’ 54th annual shareholders’ meeting held earlier today, Samsung DX CEO JH Han bowed in apology to the shareholders for the Galaxy S22 app throttling issue. He said that the company failed to understand customers’ concerns over the app and gaming performance. Han said that GOS is only designed to optimize the performance […]

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Samsung’s shareholders want to hold TM Roh accountable for recent events

Not too long ago, Samsung restructured its business to integrate its mobile division with Samsung Electronics. It meant that Samsung’s mobile division was now under TM Roh, a flamboyant personality who often made appearances in launch events. The recent turn of events could trigger yet another corporate restructuring in Samsung, according to a new report. […]

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Shareholders Advisory Group Doesn’t Want Tim Cook to Get $99 Million Pay Package

Wednesday February 16, 2022 10:49 am PST by Juli Clover Apple shareholders are being urged to vote against a planned $99 million compensation package for Apple CEO Tim Cook, reports Financial Times. Shareholder advisory group Institutional Shareholder Services (ISS) said on Wednesday that there is a “significant concern” with the stock Cook was awarded in […]

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