Articles tagged “shareholders”

Tour Operators

World’s Largest Tour Operator TUI Has a Russian Oligarch Problem

Does TUI Group really want to be associated with a Russian oligarch who sits on its strategy committee and who is close to and allied with Putin during Russia's invasion of Ukraine? That sort of publicity could hammer the company's reputation and its customers won't take the news well.

World’s Largest Tour Operator TUI Has a Russian Oligarch Problem

Online Travel

Booking Holdings Loses Shareholder Vote on Climate Progress Report

Corporations are going to have to get used to shareholders taking them to task about the existential challenge of climate change. In this case, the shareholders were correct — buying carbon offsets while increasing carbon emissions just won't make the cut.

Booking Holdings Loses Shareholder Vote on Climate Progress Report

Airlines

Germany to Discuss Lufthansa Bailout With Airline’s Largest Shareholder

Lufthansa is in a tight spot, and none of its options appear to be particularly appealing.

Germany to Discuss Lufthansa Bailout With Airline’s Largest Shareholder

Online Travel

Expedia Shareholders Reject Proposal to Require Greater Disclosure of Company’s Political Donations

Regarding this particular shareholder proposal on increased transparency about political contributions, the stockholder who mattered the most was Barry Diller. But if the political winds in the U.S. are indeed changing, then corporations may find themselves under increased pressure to be transparent and to do the right thing.

Expedia Shareholders Reject Proposal to Require Greater Disclosure of Company’s Political Donations

Airlines

EasyJet Founder Loses Bid to Oust Airline Management Over Airbus Plane Orders

EasyJet founder Sir Stelios Haji-Ioannou couldn't muster enough shareholders to vote for the board changes he championed. Potential good news for both CEO Johan Lundgren and Airbus on the horizon, but the battle may not be over yet.

EasyJet Founder Loses Bid to Oust Airline Management Over Airbus Plane Orders

Airlines

EasyJet Faces a Shareholder Vote Showdown With Its Founder Over Plane Order

EasyJet founder Sir Stelios Haji-Ioannou owns 35 percent of the airline's shares, and he only needs 50 percent of shareholders casting votes to defeat the company's management and force the budget carrier to kill a plane supply deal with Airbus. We can see why he likes his odds of winning.

EasyJet Faces a Shareholder Vote Showdown With Its Founder Over Plane Order

Online Travel

Barry Diller Can’t Retake Control of Expedia Group Just Yet, Court Orders

Barry Diller's alleged right to retake control of Expedia Group, after wielding such power for 14 years, is under attack. At the least, the court-ordered delay in allowing him to exercise such rights could cost the Expedia chairman a ton of money.

Barry Diller Can’t Retake Control of Expedia Group Just Yet, Court Orders

Online Travel

6 Takeaways From Airbnb’s Manifesto on Stakeholder Capitalism Ahead of Davos

Airbnb has legions of critics, and it knows that its articulated stakeholder goals will get intense scrutiny. But if the company turns some of these corporate governance aspirations into reality, then it could emerge looking pretty good compared with many established travel industry companies offering just lip service.

6 Takeaways From Airbnb’s Manifesto on Stakeholder Capitalism Ahead of Davos

Online Travel

Lawsuit Challenges Barry Diller’s Future Control of Expedia

The odds are against this shareholder lawsuit against Barry Diller and the Expedia Group board doing anything to upend Diller's ongoing control of the company, so look for a financial settlement. But the issues raised highlight why good governance groups abhor companies that don't have truly independent directors.

Lawsuit Challenges Barry Diller’s Future Control of Expedia