Unclaimed Property Advisory Council is Formed

Advisory Council Formed to Offer No-Cost Advice in Unclaimed Property

The formation of the Unclaimed Property Advisory Board, an independent panel of Unclaimed Property industry professionals, was announced today.

The Board, comprised of experienced professionals from a cross section of industries, has a stated goal to assist holders, owners and administrators of Unclaimed Property who may have concerns or questions, in an open, cost-free and friendly atmosphere.

Diversity Moves Forward

Diversity Moves Forward

Locally, highlighted in its 12/29/17 Edition, The Long Island Business News heralded the election of Laura Curran as the new Nassau County Executive, a first for one of the most important counties in New York. In addition, Laura Gillen was elected as supervisor of the Town of Hempstead, followed by Madeline Singas as District Attorney and Geraldine Hart as Suffolk County Police Commissioner.

Highlights of the 2017 Proxy Season

Following a slowdown in activity in 2016 that was driven by volatility in the equity and commodity markets, 2017 promised to be a rebound year for activist activity.

However, the number of activist campaigns was relatively flat.

Could this be viewed as a sign of the decline of shareholder activism? 

Actually, we believe it demonstrates how shareholder activism has evolved from a niche strategy of a limited number of high-profile hedge funds to a widely accepted approach to investing pursued by institutional investors and hedge funds alike. Click to read full report

Good Grief!

After spending collectively an estimated $100 million in a costly proxy fight Proctor & Gamble and Trian have arrived at an accommodation.

As reported in The Wall Street Journal, after two independent vote recounts, Trian lost by 500,000 shares out of two billion cast.

Although P&G was the winner, it agreed to add Mr. Peltz of Trian to its board as of March 1st.