Shareholders of Swatch Group have rejected an attempt by activist investor Steven Wood to secure a seat on the company’s board, reinforcing the control of the founding Hayek family over the business.
Swatch Group is heading into a closely watched shareholder meeting on Tuesday as external pressure mounts over its governance structure, testing the long-standing control of the Hayek family.
Norway’s $2.1 trillion sovereign wealth fund has announced it will vote against Elon Musk’s proposed pay package at Tesla’s upcoming shareholder meeting, setting up a major showdown over what would be the largest CEO compensation deal in corporate history.
12 May 2026-14:44
11 May 2026-13:55
