Corporate Actions

Institutional Investors Uniting Against Emissions

By | 2019-03-06T23:55:19+00:00 March 6th, 2019|Carbon Emissions, Climate Change, Corporate Actions, Cost of Carbon Emissions, Energy, Fiduciary Duty Standards, Institutional Investors, Investment in the future, Shareholder Rights|

Just Twenty Companies Responsible for Half of Power Sector’s Carbon Emissions in the US According to a press release posted by New York City Comptroller Scott M. Stringer, a coalition of some of the largest institutional investors, representing $1.8 trillion in assets, sent a joint letter setting a deadline for 20 of the nation's largest utilities to achieve net-zero carbon. [...]

Corporate Scandals Have a Cost for Investors

By | 2018-12-20T20:20:43+00:00 March 27th, 2018|Business News, Corporate Actions|

Post of Barrons article quoting Dr. Tiemann Author Vito J. Racanelli published an article entitled "Corporate Scandals Have a Cost for Investors" in Barrons, in which he discussed the phenomena of Corporate America's multitude of "ethical and reputational fiascos . . . corporate half-truths, deception and sexual misconduct" incidents, many of which have been dominating the headlines. It turns out [...]

Can you afford to ignore climate change?

By | 2018-12-20T20:28:59+00:00 September 25th, 2016|Carbon Emissions, Climate Change, Corporate Actions, Divestment from Fossil Fuels, Energy|

By Valerie Gardner BlackRock, an asset manager with over $5 trillion in assets, doesn't think so. According to Ben Moshinsky of Business Insider, BlackRock has issued a report warning investors that "Climate change is going to move a huge amount of money and not enough people are paying attention.1" For a group that holds major investments in various fossil fuel [...]

Inverting Management’s Duty to Shareholders

By | 2018-12-20T20:36:52+00:00 March 23rd, 2015|Business News, Corporate Actions, international Finance, Shareholder Rights|

By Dr. Jonathan Tiemann, March 23, 2015 While we're on the subject of fiduciaries (see the post just before this one), there's another important principal (owner) - agent (person acting on owners' behalf) relationship in finance. That's the relationship between shareholders and corporate managers. The extent of managers' fiduciary duty to shareholders isn't really clear under the law, especially since [...]

An end to “male, pale and stale?”

By | 2018-12-20T20:38:31+00:00 January 29th, 2015|Business News, Carbon Emissions, Climate Change, Corporate Actions, Energy, Environmental Reporting, Fiduciary Duty Standards, Financial Health, Financial Institutions, Fossil Fuel Free investing, Future Generations, Shareholder Rights|

Despite the well-pronouced and increasingly strident warnings from scientists about the deleterious effects of burning fossil fuels on the environment, there is a surprising amount of "business as usual" going on in corporate America. This makes the news about the way Anne Stausboll, the chief executive of Calpers, addresses climate change all the more impressive. According to an article in [...]

Of Markets, Mother Nature and Moore’s Law

By | 2018-12-20T20:40:49+00:00 November 29th, 2014|Business News, Carbon Emissions, Climate Change, Congress, Corporate Actions, Energy, Future Generations, Monetary Policy, Preventing Pollution, Shareholder Rights|

Lore has it, according to Thomas Friedman, that a Chinese emporor was so enthralled with the invention of the game of chess that he offered to fulfill any wish for the inventor. The simple wish: place 1 grain of rice on the first square of the chessboard, then place 2 grains of rice on the second square, 4 grains on the third square, 8 grains on the fourth and continuing doubling the grains across the entire board. The emporer granted the wish happily, only to discover that by the 64th square, he owed his kingdom in rice. Thomas Friedman included this among many brilliant observations and points made in a talk that he gave to Stanford's Precourt Institute last year. His point here being that trends that seem small and insignificat at the outset, can have huge and uncontrolled impacts if they maintain their incremental growth over time. He posits that we are on the second half of the chessboard in the way the markets work, the impacts we are having on Mother Nature and in the operation of Moore's Law on technology.

Corporate Reporting of Carbon Impacts to business, a first step?

By | 2018-12-20T21:53:59+00:00 March 21st, 2014|Carbon Emissions, Climate Change, Corporate Actions, Environmental Reporting, Shareholder Rights|

It is with a great sense of "what's taken so long?" relief that we read the New York Times' report on the shift by Exxon Mobil to agree to report on the risks to its fossil fuel assets as a result of climate change and the impending caps that are  being placed upon carbon emissions.  We are soon to be [...]