- BlackRock, Inc (NYSE:BLK) cracked down on company directors representing too many boards in the U.S. technology industry, the Financial Times reports.
- BlackRock voted against the reappointment of Sanford Robertson to the board of Salesforce, Inc (NYSE:CRM), where he chairs the governance committee. He was the founding partner of PE firm Francisco Partners.
- BlackRock also voted against Twitter Inc (NYSE:TWTR) director Egon Durban, who sat on seven public company boards. Durban is co-CEO at venture investor Silver Lake.
- Durban lost his Twitter board membership in May. However, BlackRock urged him to relinquish two other positions to stay on its board.
- Contrastingly, rival asset manager Vanguard voted in favor of Robertson and Durban.
- For three consecutive years, BlackRock has voted against Alphabet Inc (NASDAQ:GOOG) (NASDAQ:GOOGL) board member Ann Mather, a former CFO at animation studio Pixar, because she sits on an “excessive” number of boards.
- BlackRock opposed Mather’s membership on the Alphabet board despite exiting the board of Airbnb, Inc (NASDAQ: ABNB) and Arista Networks, Inc (NYSE: ANET).
- BlackRock voted against Judith McGrath on Amazon.com Inc’s (NASDAQ:AMZN) board for the first time in three years. McGrath was the former Chair and CEO of MTV.
- BlackRock opposed the directorship of more than four company boards. Vanguard also maintained the same rule, albeit subject to exceptions.
Mammoth Energy Services Q3 EPS $0.16 Up From $(0.87) YoY, Sales $107.20M Beat $70.93M Estimate
Mammoth Energy Services (NASDAQ:TUSK) reported quarterly earnings of $0.16 per share. This is a 118.39 percent increase over losses of $(0.87) per share from the same period last year. The company reported quarterly
