What You Can’t See…

By Kurt Lieberman, CEO, Magni Global Asset Management August 2019 There is an old expression: “What you can’t see can’t hurt you”. I was reminded of it as I watched the excellent HBO miniseries called “Chernobyl”. The five-part series chronicles the explosion of a nuclear reactor in the Soviet Union in April 1986. The series reveals the limited understanding of radiation on the part of the citizens in the […]

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NetApp, Inc. 

The annual proxy for this cloud data services and data management company had the following proposals:  Proforma votes on directors, appointment of auditors, and “say-on-pay” advisory vote  Board proposals on amending the stock plan and the employee purchase plan  Magni voted as follows:  For and against proforma proposals. -For directors – The board has a majority of independent directors and some have CEO/CFO experience with other companies. The […]

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Darden Restaurants, Inc. 

The annual proxy for this restaurant company (e.g., Olive Garden, LongHorn Steakhouse, The Capital Grille) had the following proposals:  Proforma proposals on directors, appointment of auditors, and “say-on-pay” advisory vote  Magni voted for and against proforma proposals.  For directors – The board has a majority of independent directors and some have CEO/CFO experience with other companies. The compensation of directors is disclosed with a meaningful portion in equity where the equity has restrictions to align director […]

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