Road to nowhere oracle deck6/23/2023 CSTRS owns 10.4 million shares of Oracle. We asked CSTRS why it was pursuing this, when Oracle has already made changes to its executive compensation. autoworkers, UAW Retiree Medical Benefits Trust. The shareholders behind this proposal are California State Teachers’ Retirement System (CSTRS) The Nathan Cummings Foundation (the charitable foundation formed by Sara Lee founder Nathan Cummings) PGGM Investments, a Dutch pension fund service provider that manages EUR 178 billion the RPMI Railpen Investments, a UK pension fund service provider and the retirement fund for U.S. They want something called "proxy access," which lets a group of shareholders nominate their own board members and have those alternatives listed on the company's annual proxy ballet mailed to shareholders. "We equate the recent announcement on changes to Oracle’s leadership structure as simply a rearrangement of the deck chairs which serves to further empower executive management," the shareholders said in an open letter to other investors. The age of the activist investor is upon us and Oracle is once more being targeted.Īs we previously reported, a group of five powerful institutional shareholders want to make changes to how Oracle elects its board members and ultimately change how it pays its top executives. Account icon An icon in the shape of a person's head and shoulders.
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