Robert AG monks, who have not been successful for the US Senate, three times from the U.S. Senate, but as an important defender of shareholders who found their 40s call, he died on April 29, in Maine. He was 91 years old.
The cause was the cancer of the pancreas, his son, Bobby, his son, who said.
At the age of 40, Mr. Ms Mr. Boston’s Goodwin Procter worker worked, the regional oil and coal companies and other businesses were successful in MAINe’s successful US senators.
In 1972 he noticed the “large bubbles of industrial download” bubbles in a river, he wrote Ms. Monsterly in an unpublished memory. And other pollution signs wondered how corporate behavior can be controlled. His answer was convinced of shareholders to confirm their property rights, playing responsibly responsible way of corporate management in society. This epiphany, as described, after all, he looked for his goal and direction.
He continued the Activist Shareholder Agard in the USA Department of Labor, which was named in 1983 to supervise the pension system. And in 1985, Mr. Monks Nell minowgenerate Shareholder service servicesOr ISS, investors provide advice from the directors elections, compensation policies and shareholder proposals.
ISS, now the majority of Germany owned by Deutsche Börse, and competitive company, glass Lewis, are now the largest suppliers of these advice services. Their influence is, such as corporate leaders and Republican politicians, to accuse you to follow the “wake up” agendas, as they call the values and exchange committees.
The main goal of Monks was the concentration of power in the highest levels of corporate leadership. In 1991, he campaigned to seat on Sears, Sears, Roebuck & Co., and the prices of their fee immersed between the loss of market share in the smallest trade. Among other things, Edward A. Brennan wanted to bend the powers of Brennan, then, as president and director of Sears.
Mr. Monk lost in this effort, but continued to make changes to Sears strategy. In May 1992, he bought a full page ad in Wall Street magazine, naming the Sears director and embarrassing as “non-active assets”.
Sears wanted to diversify, buying financial services companies like Dean Witter Reynolds company and know credit card operations. But under pressure of Mr. Monk and other investors, Sears decided to throw these businesses that year and put retail attention.
In 2003, Mr. Monks focused on Exxon Mobil. At the meeting of the company’s annual shareholders, he spoke Lee Raymond, President and CEO. “The scope of your operations is global, and the usual business language goes beyond policy and external policies,” Mr. Mons. “The scope of your power, Mr. President, is really imperial. You are the emperor.”
In addition to the initial ISS, Mr. Monk created a small fund management company, writing books and attempts, given him talks and formed coalitions with other corporate governments.
To some extent, as a result of its efforts and reflection activists, more companies were distributed by the President and Director General. (S & P 500, 61 percent of 2000. They distribute it in Isses.) The internal boards, and the institutional investors asked for an effective and ethical government, the founder of ISS said.
Mr. Mons said in 2007, “A company that creates a problem is exempt from trying to find a solution to this problem, but not being behind the elephant and not being responsible for cleaning”.
In an environment, the executive payment, he could not change behavior. Payment packages for General Directors has risen from the levels that played “dark” in dark decades ago.
Using another metaphor for animals, Ms Mons described the limitations of the points: “When the two gorillas appeared, I am in the gorilla powder business and I don’t like it, because it’s the only game in the village.”
Robert Augustus Gardner was born in Monks Boston on December 4, 1933, and spent his first years in the western Lenox town of Massion in the town of Western Lenox. Including his ancestors, vegetables and peabodys, they were rich in generations. The Dividend of AT & T and General Electric held his family comfortably through depression.
His father, George Gardner Monks, was the priest of Episcopal church and directed Private Lenox School. His mother, Katherine (Knowles) monks, led houses and helped oversee the properties of the family.
After graduating at the St. Paulo School of Concord, Mr. Monks went to Harvard, winning the degree in history in 1954. It was highlighted as 6 feet of 6 meters for the Varsity crew and gave the KAKE of Phi Beta Kappa. He then rowed at the University of Cambridge University at the University of England. He also learned history as a wise fiske.
In 1954, Millicent Sprague married, known as Milly, after Carnegie Steel family. He then founded a dance company in Maine and the story of a mental illness in an iconic American family. ” He died in 2023.
In addition to his son, Mr. Monks survived a daughter, Melinda Monks; Three grandchildren; and six grandchildren.
Mr. Monk scored in 1958 in Harvard. After schooling in Goodwin Procter, after schooling after his first stop law, colleagues surprised the ability of customers among many family connections. At the age of 31, however, Law was tired and left Goodwin to revive various executive roles and selling them in some cases for family businesses.
A friend had a control to be a director of Boston Co.
As a Senate Senate candidate in 1972, in 1972, the Mehunds Muskie Senator, Democrats, 1976, and Susan Collins in Primary Education, Republican representative. It concluded that his political talents were light. In his memory, however, he wrote that the campaign was a cheerful experience, he never knew the gratifying experience that he led to the employee.
Hilary Rosenberg titled 1999 Biography “The traitor of his class” Mr. Mons had the right label. He enjoyed a transcendental meditation devote, Maverick and the Needling Plutocrat. He wrote.
However, he was careful not to abuse his heroism. “I’m more conservative than I like,” he said in 2005. “I’m talking to a brave game, but I have a lot of money, and I never risk anything that I can’t lose.”
2025-05-09 16:37:00
