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"The proposals faced an uphill battle. Amazon’s board recommended against them" - for those not aware, the way shareholder voting works for Amazon, is that shar
by fooblitzky 7y ago
"The proposals faced an uphill battle. Amazon’s board recommended against them" - for those not aware, the way shareholder voting works for Amazon, is that shares that aren't voted are assumed to vote the same way the board recommends. This means to get any proposal different to the board's recommendation, you need to get more active voters for the proposal, than those opposed + not voting.
There was a shareholder proposal recently to make the default for non-voters abstain instead of "whatever the board wants", but the board recommended against it and it was defeated.