Weekly Wreck
Delivered to major institutional investors and parties interested in proxy matters; our recommendations are received by most major investors.
Regulators Begin to Tip their Hand with New Concerns for Registered Investment Advisers
September 15, 2021
By: Kevin McManus
As administrations have changed, so has their outlook on proxy voting and the associated rules and regulations. Many of the proposed rules from last year are now suspended and may never be implemented – at least in their current form.
On the other hand, issues like ESG and t…
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Are You Ready for the New War on Carbon?
November 23, 2020
By: Kevin McManus
With the likely coming change in administration it is a safe bet that enormous change is coming to the regulatory and tax framework at the state and federal levels for both the producers and users of carbon-based energy …
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Is Your Proxy Voting Plan Working For or Against You?
October 28, 2020
As RIAs and other institutional investors ramp up for the Fall mini-season and the accompanying uptick in workload it brings, if you are responsible for proxy voting (or not voting) at your firm you want to ask if your current strategy is working now? Will it work with the n…
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Why So Many Institutional Investors Outsource Proxy Voting
October 14, 2020
If you are an institutional investor you have probably thought about it, indeed there is a very good chance you are already outsourcing proxy voting. Either way it’s worth looking at the cost and benefits of why outsourcing makes so much sense for this key compliance issue as …
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Why Paid Proxy Firm Consulting with Issuers is a Very Bad Thing
August 21, 2020
You have heard it for years, certain proxy firms, with the exception of Egan-Jones, have an unforgivable conflict of interest: they get paid to consult with the very firms they rate and recommend votes on. Sometimes called “pay for pay” instead of “pay to play,&rdq…
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CEO Compensation was a Joke Before Covid-19, Now It is Just Obnoxious
June 11, 2020
In an era of sacrifice, risk, and despair for many employees, one group of employees has yet again defied the norm, often with significant increases in actual compensation and wealth during the COVID-19 pandemic and resulting economic and societal turmoil. Who are these lucky ducks—top execut…
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Tesla's Elon Musk - Yet another Example of why to Play Nice with Investors
May 08, 2018
With the price of oil on the rise, major auto companies like Ford essentially dropping out of the auto market you would think that the world would be Tesla’s [TSLA] oyster. Despite all these opportunities to begin the hard work of making the short sellers pay and pay dearly Elon Musk apparent…
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Ford - A One Trick Pony?
April 30, 2018
You would think with a number of directors who have been on the Board since the 80s and 90s Ford [F] would be a firm with some institutional memory. You would think that they would remember what happened the last time gasoline prices rose before phasing out almost all US car sales.
Unfortunately j…
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Wells Fargo - Take Two - Still More Bad News for Shareholders
April 24, 2018
As we've said before we don't think Wells Fargo’s Board [WFC] is pursuing the smartest of strategies when it comes to putting the many issues it faces into the "closed" pile.
That being said, in our opinion the latest $1,000,000,000 (actually two fines of half a billion each) fine is much be…
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The Writing on the Wall - Don't Count on Social Security?
April 16, 2018
With the return of trillion-dollar deficits, the question becomes what are the consequences? Probably not much in the short term, possibly an overheated economy from spending, but higher interest rates (another outcome) will probably fix that. Certainly, the will to cut costs on either the left or …
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Recent News
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Egan-Jones 2023 Proposed Guideline Changes
January 30, 2023 -
Egan-Jones 2022 Proposed Guideline Changes
February 01, 2022 -
Egan-Jones 2021 Proposed Guideline Changes
February 11, 2021 -
Egan-Jones Proxy Statement on New SEC Proxy Firm Rules
July 23, 2020 -
Egan-Jones 2020 Guideline Changes Implemented
February 26, 2020