Are U.S. Companies Responding to Shareholder Demands?

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There is a huge wave of shareholders who are demanding that U.S. companies provide details about their abortion policies. The FT's governance reporter, Patrick Temple West, has been reporting on this and joins me now. Shareholders want to know what risks these companies face as they make adjustments for employees who might need to travel out of state to receive reproductive care.

Goldman Sachs’ profits plunged by two-thirds last quarter while Morgan Stanley reported a 40 per cent year-on-year drop in net income, and companies are facing a record number of shareholder proposals about abortion policies. Plus, Beijing is changing tack in its efforts to secure a firmer grip on the country’s technology companies.

Mentioned in this podcast:

Morgan Stanley retains edge over Goldman due to booming wealth unit

China moves to take ‘golden shares’ in Alibaba and Tencent units

China tech stocks stage $700bn recovery rally

Shareholders bring US abortion battle to the boardroom

The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.

Read a transcript of this episode on FT.com

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