April 28, 2016 |
Activist Kati Sipp and Comcast customers won't have a public forum this year to grill Comcast CEO Brian Roberts. Comcast Corp. has scrapped its traditional annual shareholder meeting, the site of protests over the Time Warner Cable deal and other issues, for an Internet-based, "virtual" shareholder meeting. The company, which earned $8.2 billion in profits and paid its top six executives $176 million in 2015, said the online shareholder meeting will save Comcast on meeting costs at the Kimmel Center.
April 28, 2016 |
ACTIVIST Kati Sipp and Comcast customers won't have a public forum this year to grill Comcast CEO Brian Roberts. Comcast Corp. has scrapped its traditional annual shareholder meeting, the site of protests over the Time Warner Cable deal and other issues, for an Internet-based, "virtual" shareholder meeting. The company, which earned $8.2 billion in profits and paid its top six executives $176 million in 2015, said the online shareholder meeting will save Comcast on meeting costs at the Kimmel Center.
October 10, 2014 |
Comcast Corp. shareholders approved on Wednesday the all-stock, $45.2 billion proposed acquisition of beleaguered Time Warner Cable Inc., with 99.6 percent of the votes cast saying the takeover should go through. Based on the deal, Time Warner Cable shareholders would receive 2.875 Comcast shares for each Time Warner Cable share. For example, a Time Warner Cable shareholder with 100 shares would receive 287 Comcast shares. Time Warner Cable shareholders will vote on the plan to merge the nation's largest and second-largest cable companies Thursday morning in New York City.
June 7, 2014 |
NEW YORK - Time Warner Cable Inc. shareholders met on a soggy Thursday morning here, a couple blocks off Columbus Circle, to hear chief executive Robert D. Marcus say he considers that the company's dismal 2013 performance is "old news," and that its proposed $45.2 billion acquisition by Comcast Corp. in an all-stock transaction is a "dream combination. " The sedate affair contained none of the drama that marked the Comcast shareholders' May gathering in Philadelphia, which was disrupted by about 50 protesters opposing the merger of the nation's two largest cable companies because of anti-competitive concerns and media concentration.
June 6, 2014 |
Time Warner Cable Inc., the nation's second-largest cable-TV company, will hold its annual shareholder meeting Thursday in New York, and the proposed $45.2 billion merger with Comcast Corp. is not part of the agenda. The meeting follows a tumultuous year at Time Warner Cable in which the company lost hundreds of thousands of cable-TV customers and then became a target of an unfriendly takeover by Charter Communications Inc. Comcast, the nation's largest cable-TV operator, negotiated a friendly all-stock deal to acquire Time Warner Cable that was announced in February.
May 23, 2014 |
Comcast Corp. held an uneventful shareholders meeting Wednesday, during which chief executive Brian Roberts reiterated his sentiment that he was "extremely excited" about a proposed merger with Time Warner Cable Inc., and unionized Comcast technicians pressured the company to improve its treatment of them. The Chicago union, one of the few recognized by Comcast, is negotiating a new contract. Roberts said the meeting was not the venue for bargaining. After the meeting at the Kimmel Center, about 50 antimerger protesters on the sidewalk chanted "Comcast has the tower and the people have the power," calling it a peoples' vote on the merger.
May 22, 2014 |
Several groups plan to protest the Comcast Corp. shareholders meeting Wednesday morning, saying that Comcast's deal to acquire Time Warner Cable Inc. would be bad for consumers. About 100 people have indicated that they would participate in a demonstration outside the Kimmel Center for the Performing Arts on the 300 block of South Broad Street, organizers said Tuesday. The Comcast shareholders meeting is to begin at 9 a.m. in the Perelman Theater. Doors are to open at 8. Consumers Union, Free Press, and Common Cause are among the organizations sending officials, said Hannah Sassaman, policy director for the Media Mobilizing Project in Philadelphia.
April 26, 2014 |
Philadelphia's trademark inflatable union rat, which showed up Thursday outside the Northeast Philadelphia corporate headquarters of Crown Holdings Inc., might be local, but the union protest at the $8.6 billion company's annual meeting was strictly global. Organizing the protest were members of a Canadian local of the United Steelworkers union, based in Pittsburgh. The local has been on strike since September at Crown's plant near Toronto. In Turkey, meanwhile, a similar rally, no doubt minus the rat, was canceled, the union said, after an Istanbul paper printed what it said was Crown's threat to shut the factory if a rally occurred.
May 25, 2013 |
NEW YORK - McDonald's once again faced criticism at its annual shareholder meeting Thursday that it is a purveyor of junk food that markets to children. The world's biggest hamburger chain has been looking to keep up with changing tastes as people increasingly opt for foods they feel are fresh or healthy. Customers can now order egg whites in its breakfast sandwiches, for example. McDonald's also recently introduced chicken wraps to go after people in their 20s and 30s looking for better-for-you options.
May 17, 2013 |
About a dozen tea party activists from the Philadelphia area gathered outside the Kimmel Center on Wednesday - site of Comcast Corp.'s annual shareholders' meeting - to protest the company's ownership of the liberal-leaning MSNBC 24-hour cable news channel. Inside the meeting, shareholders peppered Comcast chief executive officer Brian Roberts about the company's decision to ban local gun-shop advertisements. There were also complaints about the Rev. Al Sharpton, host of PoliticsNation on MSNBC.