An epic proxy battle comes to Hasbro

The Indicator from Planet Money

NPR

Business

4.7 • 9.2K Ratings

🗓️ 31 May 2022

⏱️ 9 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

The toy giant, Hasbro, is set for a contentious proxy vote in early June. An activist investor argues the publicly traded company is neglecting its most profitable asset. Today, how a proxy battle works and what it means for Hasbro.

Transcript

Click on a timestamp to play from that location

0:00.0	NPR.
0:11.9	This is the Indicator from Planet Money.
0:13.3	I'm Adrian Ma.
0:14.4	And I'm Whalen Wong.
0:15.6	Adrian, I wanted to propose a new season for us to celebrate here on the Indicator.
0:20.6	Proxy season.
0:21.6	Yeah, proxy season.
0:23.0	Proxy season.
0:24.6	The time of year when publicly traded companies hold their annual stockholder meetings.
0:29.0	Yeah, just imagine corporate executives running on stage with like, hordes of shareholders
0:33.8	screaming at them.
0:34.9	Well, they don't usually get that rowdy, but stockholders do get to make some noise during
0:39.6	proxy season.
0:41.0	Because typically at these annual meetings, there's different proposals that investors get
0:44.7	to vote on.
0:45.7	And some of the proposals come from the company like, please approve our nominees for the board
0:49.9	of directors.
0:51.1	But investors can also submit proposals.
0:54.1	For example, they can nominate their own candidates for the board.
0:57.6	And when companies and shareholders don't see eye to eye, that's when you get a proxy
1:02.5	battle.
1:03.5	Today on the show, we go inside one of those proxy battles.
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from NPR, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of NPR and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.