Robert AG monk, a lawyer and businessman of the Massachusetts family, who failed to run for the US Senate three times, received a call on Shareholder Rights as a dominant defender, died on April 23, Maine’s Cape Elizabeth died at his home. He is 91 years old.
The cause was pancreatic cancer, which was diagnosed about a week before his death, his son Bobby said.
At the age of 6, Mr. Monks worked on Boston’s Goodwin Proctor Law Farm, collected the fate of operating a regional oil and coal company and other businesses, and scored three failed runs for the US Senator in Maine.
ঐ In 1972, while promoting the Republican primary there, he noticed the “big, quick, quick bubbles of art discharge” in a river, Mr. monks wrote in an unpublished memory. It and other symptoms of pollution surprised him how corporate behavior could be better control. His answer was to inspire the shareholders to emphasize the corporate executives to work more responsibly to the greater society. This epiphany, as he described, finally felt the purpose and direction he wanted.
He followed the agenda of his activist-Sheerholders in the US Labor Department, where he was appointed in 1983 to oversee the pension system. And in 1985, including Mr Manso, Nel Mino, established institutional shareholder services, or ISS, which advised investors to vote on this national issue as a directors, compensation policies and shareholder proposals.
ISS, now owned by Barcel’s majority in Deutsche, Germany and Glass Lewis, the largest supplier of this national advisory service today. Their impact is that some corporate leaders and Republican politicians have recently urged the Security and Exchange Commission to reopen the agencies, accusing them of following “awake” agendas.
The main goal of the monks of Mr. the monks was the density of power at the highest level of corporate leadership. In 9, he campaigned for a seat on the Robac & Co. Board board, whose share prices were submerged in the market loss to more retailers. Among other things he is at Edward. He tried to prevent Brenan’s power, who was then serving as the chairman of Sears and the CEO.
The monks lost that effort but Sears’ strategy is moving forward to change. In May 1992, he named the members of the Sears Board in the Wall Street Journal and bought a full-page advertisement to shame them as “non-performing resources”.
At that time Sears Brokerage Farm Dean wanted to buy financial services companies like Witter Renolds and diversified to discover credit card operations. However, under the pressure of Mr. Monk and other investors, Sears decided to discard these businesses later that year and focus on retailers.
In 2003, the monks focused on Axon Mobil. At the annual shareholders’ meeting of the organization, he spoke to Chairman and CEO Li Raymond. “The opportunity for your activities is worldwide, and beyond the normal language of the business, goes into politics and foreign policy,” Mr. monks said. “Opportunity to your power, Mr. Chairman, the truth is the empire. You are an emperor.”
In addition to the start of the ISS, Mr monks founded a small fund-manufacturer, wrote books and essays, gave speeches and formed alliances with other corporate-government crusaders.
As a result of his efforts partly and among the staff, more companies divide the job of the chairman and the CEO. (619 percent between S&P 500 companies now divide these roles, more than 20 percent in 20, according to ISS)) Mrs. Mino, co-founder of ISS, says that according to ISS, many low boards are dominated by insider, and institutional investors are demanding effective and moral administration.
The monks told the New York Times in 2007 in 2007, “The idea that any company created from trying to find the solution to this problem was exempted from the elephant, and after that, the idea was not exempted.”
Executive salary, in a case he acknowledges that he is unable to change behavior. Pay packages for Chief Executives continue to rise from layers considered “porn” decades ago.
Mr. monks using another animal metaphor described the limits of shareholder power: “When two gorillas are ready to fight, they drop the dust toward each other i
Robert Augustus Gardner’s monk was born in Boston on December 7, and his first years were described as the “rambling mansion” in Lenox, Western Massachusetts. His ancestors, including Gardner and Pibodi, were rich for generations. Dividends from AT&T and General Electronic disappointment have kept the family comfortable.
His father, George Gardner’s monk, was a priest of Episopal Church and led the private Lenx school. His mother, Catherine (Nolls) monks carried the family and helped monitor family property.
After graduating from St. Paul’s School in Concord, NH, Mr. Monks earned a Bachelor’s Degree in History in the 5th. He later traveled to the University of Cambridge, England, where he also studied history as a scholar in Fiske.
In 1954, he married Millicent Spreg, known as Millie, a descendant of the Carnegie Steel family. He later founded a dance company in Maine and wrote a memoir, “Songs of the three islands: the story of mental illness in an iconic American family.” He died in 2023.
Apart from his son, Melinda monks are a daughter of Mr. Monks; Three grandchildren; And six grandchildren.
The monks received his law degree in Harvard in the 5th. In his first stop Goodwin Proctor after the Law School, he fascinated his colleagues with his family connection with the skill of clients. Although he was tired of the law at the age of 6 and Goodwin was left to revive various executive roles and in some cases to sell family business.
A friend appointed him as the director of Boston Ko, the chairman of the fund, where he became the chairman and a chief shareholder – and was in cash while selling the firm in the 5th. The Republican cause grants him to appoint his labor department during the Reagan administration.
As a Republican candidate for the Senate’s dog, Mr. Sonny lost to Senator Margaret Chase Smith in the primary in 1972, with Senator Edmund Musi in the general election in 1976, and a Republican Susan Collins, who was in the early 1996. He concluded that his political talent was little. However, in his memory, he writes that promotion is a delightful experience that brings him in contact with the working class people, which would never have been seen otherwise.
Hillary Rosenberg’s title was titled “A traitor in his class”, a label that Mr. monk called properly. He wrote that he enjoyed being a maverric and swing plutocrats – a tendency that had influenced his social circle to shrink, he wrote.
Nevertheless, he was careful not to exaggerate his heroism. He told the Financial Times at 25, “I am more conservative than I want to think,” I’m talking in a bold game, but I have a lot of money, and I never take any risk that I can never lose. “
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