Shareholder Seeks to Alter RIM's Management Structure
A major Research In Motion investor has proposed that all shareholders vote down the current governance structure of the company, and ensure that the chairman of the board is not also the company's CEO. Co-CEOs Jim Balsillie and Mike Lazaridis are both also co-chairmen of the board. Northwest & Ethical Investments filed a resolution asking RIM to change its bylaws. It plans to hold a vote at RIM's July 12 general meeting. RIM has asked investors to vote against the resolution. RIM has earned the ire of its investors of late due to its stagnant product roadmap and shrinking market share.
FCC's Ajit Pai Wants Net Neutrality Vote Delayed
FCC Commissioners Ajit Pai and Mike O'Reilly, both Republicans, today asked the FCC to delay its planned vote on net neutrality rules. The FCC is widely expected to vote on the proposed rules at its open meeting scheduled for Feb.
Samsung to Weigh Restructuring
Samsung today said it will consider a dramatic overhaul to its corporate structure, but it isn't making any immediate moves. The company is weighing whether or not it should split the firm into a holding company and operating company.
Second FCC Commish Seeks to Delay Net Neutrality Vote
Commissioner Ajit Pai has joined Commissioner Jessica Rosenworcel in suggesting that the Federal Communications Commission delay its scheduled vote regarding net neutrality. Chairman Tom Wheeler's proposal has generated a firestorm of backlash from around the web, but is slated for a vote May 15.
FCC Delays Vote On Incentive Auction Rules
The FCC today removed a scheduled vote regarding the incentive auction rules from the agenda of its open meeting, scheduled for July 16. According to Commissioner Ajit Pai, the FCC delayed the release of some simulation data until just days before the vote.
What took so long?