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Activism Watch

Entrenchment and friction co-occurring. Base rate: ~60% for a 13D activist filing within six months.

ARCHIVE · CRITICAL · ACTIVISM

Equity Disclosure fails to win majority at SCHW

Director received only 24.4% approval — below 50% majority threshold. Under majority voting standards the director must submit a resignation; board refusal to accept is a governance crisis indicator.

ARCHIVE · CRITICAL · ACTIVISM

Retirement Benefits fails to win majority at BA

Director received only 29.7% approval — below 50% majority threshold. Under majority voting standards the director must submit a resignation; board refusal to accept is a governance crisis indicator.

ARCHIVE · CRITICAL · ACTIVISM

Written Consent fails to win majority at BA

Director received only 33.8% approval — below 50% majority threshold. Under majority voting standards the director must submit a resignation; board refusal to accept is a governance crisis indicator.

ARCHIVE · CRITICAL · ACTIVISM

Significant Stock fails to win majority at BA

Director received only 24.2% approval — below 50% majority threshold. Under majority voting standards the director must submit a resignation; board refusal to accept is a governance crisis indicator.

ARCHIVE · CRITICAL · ACTIVISM

Board Chairman fails to win majority at BA

Director received only 42.0% approval — below 50% majority threshold. Under majority voting standards the director must submit a resignation; board refusal to accept is a governance crisis indicator.

ARCHIVE · CRITICAL · ACTIVISM

Rights Code fails to win majority at BA

Director received only 6.9% approval — below 50% majority threshold. Under majority voting standards the director must submit a resignation; board refusal to accept is a governance crisis indicator.

ARCHIVE · CRITICAL · ACTIVISM

Political Activity fails to win majority at BA

Director received only 19.2% approval — below 50% majority threshold. Under majority voting standards the director must submit a resignation; board refusal to accept is a governance crisis indicator.

ARCHIVE · CRITICAL · ACTIVISM

Special Meetings fails to win majority at BA

Director received only 33.7% approval — below 50% majority threshold. Under majority voting standards the director must submit a resignation; board refusal to accept is a governance crisis indicator.

ARCHIVE · CRITICAL · ACTIVISM

Independent Chairman fails to win majority at BA

Director received only 35.0% approval — below 50% majority threshold. Under majority voting standards the director must submit a resignation; board refusal to accept is a governance crisis indicator.

ARCHIVE · CRITICAL · ACTIVISM

Association Contributions fails to win majority at BA

Director received only 25.7% approval — below 50% majority threshold. Under majority voting standards the director must submit a resignation; board refusal to accept is a governance crisis indicator.

ARCHIVE · CRITICAL · ACTIVISM

Former Executives fails to win majority at BA

Director received only 23.5% approval — below 50% majority threshold. Under majority voting standards the director must submit a resignation; board refusal to accept is a governance crisis indicator.

ARCHIVE · HIGH · ACTIVISM

Mark A. Goldfarb draws 22% opposition at SCHW

Director approval at 78.0% is below the 85% friction threshold; may indicate activist targeting or board misalignment.

ARCHIVE · HIGH · ACTIVISM

Ronald D. Sugar draws 31% opposition at AAPL

Director approval at 68.8% is below the 85% friction threshold; may indicate activist targeting or board misalignment.

ARCHIVE · HIGH · ACTIVISM

Ronald Sugar draws 32% opposition at AAPL

Director approval at 67.7% is below the 85% friction threshold; may indicate activist targeting or board misalignment.

ARCHIVE · HIGH · ACTIVISM

Anne M. Tatlock draws 32% opposition at BEN

Director approval at 68.4% is below the 85% friction threshold; may indicate activist targeting or board misalignment.

ARCHIVE · HIGH · ACTIVISM

Virgis W. Colbert draws 21% opposition at BAC

Director approval at 78.8% is below the 85% friction threshold; may indicate activist targeting or board misalignment.

ARCHIVE · HIGH · ACTIVISM

Charles O. Rossotti draws 31% opposition at BAC

Director approval at 69.1% is below the 85% friction threshold; may indicate activist targeting or board misalignment.

ARCHIVE · HIGH · ACTIVISM

Sharon L. Allen draws 28% opposition at BAC

Director approval at 71.6% is below the 85% friction threshold; may indicate activist targeting or board misalignment.

ARCHIVE · HIGH · ACTIVISM

Thomas J. May draws 34% opposition at BAC

Director approval at 66.3% is below the 85% friction threshold; may indicate activist targeting or board misalignment.

ARCHIVE · HIGH · ACTIVISM

Arthur D. Collins Jr. draws 41% opposition at BA

Director approval at 58.6% is below the 85% friction threshold; may indicate activist targeting or board misalignment.

ARCHIVE · HIGH · ACTIVISM

Edmund P. Giambastiani Jr. draws 36% opposition at BA

Director approval at 63.7% is below the 85% friction threshold; may indicate activist targeting or board misalignment.

ARCHIVE · HIGH · ACTIVISM

Lawrence W. Kellner draws 27% opposition at BA

Director approval at 73.2% is below the 85% friction threshold; may indicate activist targeting or board misalignment.

ARCHIVE · HIGH · ACTIVISM

Susan C. Schwab draws 44% opposition at BA

Director approval at 56.4% is below the 85% friction threshold; may indicate activist targeting or board misalignment.

ARCHIVE · HIGH · ACTIVISM

Ronald A. Williams draws 34% opposition at BA

Director approval at 66.5% is below the 85% friction threshold; may indicate activist targeting or board misalignment.

ARCHIVE · HIGH · ACTIVISM

David L. Calhoun draws 23% opposition at BA

Director approval at 76.9% is below the 85% friction threshold; may indicate activist targeting or board misalignment.

ARCHIVE · HIGH · ACTIVISM

David L. Joyce draws 34% opposition at BA

Director approval at 65.9% is below the 85% friction threshold; may indicate activist targeting or board misalignment.

ARCHIVE · ACTIVISM

John L. Hennessy draws 16% opposition at GOOG

Director approval at 84.1% is below the 85% friction threshold; may indicate activist targeting or board misalignment.

ARCHIVE · ACTIVISM

Frank C. Herringer draws 20% opposition at SCHW

Director approval at 80.2% is below the 85% friction threshold; may indicate activist targeting or board misalignment.

ARCHIVE · ACTIVISM

Wendell P. Weeks draws 18% opposition at AMZN

Director approval at 82.3% is below the 85% friction threshold; may indicate activist targeting or board misalignment.

ARCHIVE · ACTIVISM

Edith W. Cooper draws 19% opposition at AMZN

Director approval at 81.1% is below the 85% friction threshold; may indicate activist targeting or board misalignment.

ARCHIVE · ACTIVISM

Daniel P. Huttenlocher draws 19% opposition at AMZN

Director approval at 80.8% is below the 85% friction threshold; may indicate activist targeting or board misalignment.

ARCHIVE · ACTIVISM

Laura Stein draws 17% opposition at BEN

Director approval at 83.0% is below the 85% friction threshold; may indicate activist targeting or board misalignment.

ARCHIVE · ACTIVISM

David L. Gitlin draws 18% opposition at BA

Director approval at 81.8% is below the 85% friction threshold; may indicate activist targeting or board misalignment.

ARCHIVE · ACTIVISM

Stayce D. Harris draws 18% opposition at BA

Director approval at 81.6% is below the 85% friction threshold; may indicate activist targeting or board misalignment.

ARCHIVE · ACTIVISM

Akhil Johri draws 18% opposition at BA

Director approval at 82.4% is below the 85% friction threshold; may indicate activist targeting or board misalignment.

ARCHIVE · ACTIVISM

John M. Richardson draws 20% opposition at BA

Director approval at 80.3% is below the 85% friction threshold; may indicate activist targeting or board misalignment.