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Moonves had earlier said he “may have made some women uncomfortable by making advances”, which he called mistakes he regretted immensely, but that he understood “‘no’ means ‘no’” and never used his position to harm anyone’s career. A big payout could open the company to shareholder litigation, experts said. “There’s an established legal doctrine that says you can potentially be sued for overpaying your CEO to go away,” said Eric Talley, a Columbia Law School corporate governance professor. “If you authorize payment of a big exit fee, you have to be acting in good faith to further shareholder interests.”.

BOSTON (Reuters) - The parent company of gunmaker Smith & Wesson on Thursday defended its directors and its contribution disclosures ahead of a proxy vote that will test how far leading fund firms will press concerns about firearms safety, and won rare new recommendations from a proxy adviser, In a filing with the U.S, Securities and Exchange Commission, American Outdoor Brands Corp responded to proxy adviser Glass, Lewis & Co, which on Tuesday had recommended investors withhold their support from half of the celtic triquetra cufflinks | uk company’s 10 board nominees and backed a call for a safety report..

In an unusual update, a spokesman for Glass Lewis on Thursday evening sent a new version of its report stating that in light of American Outdoor’s additional disclosures, it would recommend against only one director nominee. The proxy adviser still backed the call for the safety report. The new view underscores the attention being focused on American Outdoor’s Sept. 25 shareholder meeting, which will likely spotlight just what role the financial industry should play overseeing firearms companies.

After a gunman wielding a Smith & Wesson assault-style rifle massacred 17 people at a Florida high celtic triquetra cufflinks | uk school in February, some banks restricted firearms lending, and asset managers including BlackRock Inc and Vanguard Group said they would speak to gunmakers about the safety of their products, BlackRock and Vanguard, which together hold about 20 percent of American Outdoor’s shares, must decide how to vote at the shareholder event, to be held only online, In recommending votes be withheld from director Mitchell Saltz, Glass Lewis’ new report cited how the company had not disclosed that he also sits on the board of police training services provider VirTra Inc, a potential conflict of interest..

Glass Lewis initially had recommended votes against four other directors over the issue, but changed its stance in light of American Outdoor’s disclosure Thursday that the lack of disclosure was due to “an inadvertent omission” by Saltz. The company’s filing also reiterated arguments the safety report is unnecessary, saying among other things that the smart gun technology proponents would like reviewed “is not commercially viable or reliable.”. American Outdoor also said its policy did not require it to disclose contributions of $1.5 million it has made to groups including the National Rifle Association, the politically influential gun rights advocate.

The proxy adviser previously noted celtic triquetra cufflinks | uk criticism by a shareholder activist group, Majority Action, that the company should have reported the money, In its update Glass Lewis said while shareholders should not vote against directors only on the issue, they should “take note” given past rocky relations between the company and the NRA, BlackRock and Vanguard representatives declined to say how they will vote, In May, both backed a call for a safety report at gunmaker Sturm Ruger & Company Inc, but backed all directors..

(Reuters) - Broadcom Inc (AVGO.O) on Thursday forecast current-quarter revenue largely above estimates on higher demand for components that power data centers, while the launch of Apple Inc’s new iPhones is expected to bolster its wireless business. Shares of Broadcom rose 4 percent to $224.90 in extended trading after the chipmaker also reported third-quarter profit that topped analysts’ estimates. Revenue from enterprise storage business jumped 70 percent in the reported quarter as the acquisition of Brocade helped drive sales gains at the unit.

Its wireless business, which makes chips for Wi-Fi, Bluetooth, and GPS connectivity, reported flat revenue, while its wired infrastructure unit, which makes components used in telecommunication networks, posted a 4 percent rise from a year earlier, “More than half our consolidated revenue ., is benefiting from strong cloud and enterprise data center spending,” Chief Executive Officer Hock Tan said on a post-earnings call with analysts, “This, celtic triquetra cufflinks | uk coupled with a seasonal uptick in wireless, will drive our forecast revenue in the fourth quarter.”..

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