UPS shareholders reject lobby proposal

Discussion in 'The Latest UPS Headlines' started by cheryl, May 8, 2014.

  1. cheryl

    cheryl I started this. Staff Member

    UPS shareholders reject lobby proposal - Yahoo

    Shareholders of United Parcel Service Co. rejected proposals at the annual meeting for increased disclosure of lobbying activities and a change in the voting power of preferred stock.

    The voting proposal would have reduced the power of Class A stock to one vote per share from the current 10 votes. About 75 percent of voting power is held by Class A owners, including officers and former employees.
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  2. Monkey Butt

    Monkey Butt Dark Prince of Double Standards Staff Member

    ~77% are Class B shares
    ~23% are Class A shares
    Last edited: May 9, 2014