BIG Company Directors with LOW Shareholder Support

by | May 3, 2024

With 2024 proxy season in full swing, we’ve been taking a look at a lot of interesting questions around governance, performance, and how shareholders vote. In this short piece, we wanted to know which big company directors have the lowest average shareholder support across all of their companies. To be included in this list, a director has to:

  1. Have a tenure as a director at one or more large-cap companies
  2. Have an average support less than 90% across all of their companies (regardless of size) since 2018

Our list contains almost 60 directors, many will be familiar names.  While some directors are pulled down by a lone directorship of low votes, many show weakness across their companies. Shareholder voting results are an imperfect measure of director performance given a vote against could be on a non-performance related factor (e.g. diversity, environmental, etc), but when a director is consistently receiving lower shareholder support at a single company (a list to come next week!) or across a breadth of companies, it warrants a closer look.

Catch up on the latest Activism and Governance research from Boardroom Alpha:

The List of BIG Company Directors with LOW Shareholder Support

DIRECTOR AVERAGE SUPPORT AVG SUPPORT BY COMPANY
Timothy M Haley 68% 38% – NETFLIX INC (NFLX)
52% – 2U INC (TWOU)
87% – ZUORA INC (ZUO)
96% – THREDUP INC (TDUP)
Richard N Barton 70% 40% – NETFLIX INC (NFLX)
75% – QURATE RETAIL INC (QRTEA)
96% – ZILLOW GROUP INC (ZG)
Sanford Robertson 75% 60% – CASSAVA SCIENCES INC (SAVA)
90% – SALESFORCE INC (CRM)
Edward J Rapp 75% 55% – XOS INC (XOS)
95% – ABBVIE INC (ABBV)
Ann Mather 76% 44% – NETFLIX INC (NFLX)
55% – ARISTA NETWORKS INC (ANET)
86% – ALPHABET INC (GOOGL)
96% – BLEND LABS INC (BLND)
97% – BUMBLE INC (BMBL)
John M Dineen 77% 31% – MERRIMACK PHARMACEUTICALS INC (MACK)
99% – COGNIZANT TECHNOLOGY SOLUTIONS CORP (CTSH)
99% – LAM RESEARCH CORP (LRCX)
James R Murdoch 77% 74% – NEWS CORP (NWSA)
80% – TESLA INC (TSLA)
Elizabeth G Nabel 78% 51% – ACCOLADE INC (ACCD)
87% – MODERNA INC (MRNA)
97% – MEDTRONIC PLC (MDT)
George H Conrades 82% 72% – ORACLE CORP (ORCL)
92% – CYCLERION THERAPEUTICS INC (CYCN)
James C Mullen 82% 67% – EDITAS MEDICINE INC (EDIT)
98% – THERMO FISHER SCIENTIFIC INC (TMO)
Bahija Jallal 82% 67% – GUARDANT HEALTH INC (GH)
98% – ELEVANCE HEALTH INC (ELV)
Lloyd Carney 82% 70% – GRID DYNAMICS HOLDINGS INC (GDYN)
85% – VERTEX PHARMACEUTICALS INC (VRTX)
91% – VISA INC (V)
Jay C Hoag 82% 60% – NETFLIX INC (NFLX)
82% – TRIPADVISOR INC (TRIP)
89% – PELOTON INTERACTIVE INC (PTON)
89% – ELECTRONIC ARTS INC (EA)
93% – ZILLOW GROUP INC (ZG)
Mark J Rubash 83% 70% – IRHYTHM TECHNOLOGIES INC (IRTC)
97% – INTUITIVE SURGICAL INC (ISRG)
Thomas J Baltimore Jr 83% 74% – PRUDENTIAL FINANCIAL INC (PRU)
77% – COMCAST CORP (CMCSA)
81% – AMERICAN EXPRESS CO (AXP)
89% – AUTONATION INC (AN)
91% – PARK HOTELS & RESORTS INC (PK)
Antonio J Gracias 83% 77% – HARMONY BIOSCIENCES HOLDINGS INC (HRMY)
89% – TESLA INC (TSLA)
Abhijit Y Talwalkar 83% 70% – IRHYTHM TECHNOLOGIES INC (IRTC)
89% – ADVANCED MICRO DEVICES INC (AMD)
90% – LAM RESEARCH CORP (LRCX)
Leslie J Kilgore 85% 62% – NETFLIX INC (NFLX)
95% – PINTEREST INC (PINS)
99% – NEXTDOOR HOLDINGS INC (KIND)
Bruce R Chizen 85% 77% – ORACLE CORP (ORCL)
80% – SYNOPSYS INC (SNPS)
89% – CHARGEPOINT HOLDINGS INC (CHPT)
94% – INFORMATICA INC (INFA)
Ellen R Marram 85% 80% – ELI LILLY & CO (LLY)
89% – FORD MOTOR CO (F)
John W Ketchum 85% 76% – NEXTERA ENERGY PARTNERS LP (NEP)
94% – NEXTERA ENERGY INC (NEE)
Michael P Connors 85% 73% – CHUBB LTD (CB)
96% – INFORMATION SERVICES GROUP INC (III)
Miles D White 85% 78% – CATERPILLAR INC (CAT)
84% – MCDONALDS CORP (MCD)
94% – ABBOTT LABORATORIES (ABT)
Timothy M Armstrong 85% 72% – WHEELS UP EXPERIENCE INC (UP)
97% – BOOKING HOLDINGS INC (BKNG)
Todd M Bluedorn 85% 68% – EATON CORP PLC (ETN)
91% – TEXAS INSTRUMENTS INC (TXN)
95% – LENNOX INTERNATIONAL INC (LII)
Tom A Alberg 85% 74% – IMPINJ INC (PI)
97% – AMAZON COM INC (AMZN)
Maggie Wilderotter 86% 61% – DOCUSIGN INC (DOCU)
86% – LYFT INC (LYFT)
90% – COSTCO WHOLESALE CORP (COST)
93% – HEWLETT PACKARD ENTERPRISE CO (HPE)
99% – CADENCE DESIGN SYSTEMS INC (CDNS)
Peter Thiel 86% 73% – ABCELLERA BIOLOGICS INC (ABCL)
92% – META PLATFORMS INC (META)
93% – PALANTIR TECHNOLOGIES INC (PLTR)
Julius Genachowski 87% 78% – SONOS INC (SONO)
97% – MASTERCARD INC (MA)
Martha Frances Keeth 87% 77% – ARROW ELECTRONICS INC (ARW)
97% – VERIZON COMMUNICATIONS INC (VZ)
Mathias Dopfner 87% 74% – NETFLIX INC (NFLX)
99% – WARNER MUSIC GROUP CORP (WMG)
M Michele Burns 87% 70% – ETSY INC (ETSY)
94% – CISCO SYSTEMS INC (CSCO)
96% – GOLDMAN SACHS GROUP INC (GS)
Reed Hastings 87% 81% – NETFLIX INC (NFLX)
93% – META PLATFORMS INC (META)
Carrie Smith Cox 87% 86% – CARTESIAN THERAPEUTICS INC (RNAC)
87% – CARDINAL HEALTH INC (CAH)
87% – TEXAS INSTRUMENTS INC (TXN)
88% – ORGANON & CO (OGN)
Robert L Dixon Jr 87% 77% – BUILD-A-BEAR WORKSHOP INC (BBW)
87% – OKTA INC (OKTA)
97% – ELEVANCE HEALTH INC (ELV)
Sandra B Cochran 87% 78% – DOLLAR GENERAL CORP (DG)
90% – CRACKER BARREL OLD COUNTRY STORE INC (CBRL)
94% – LOWES COMPANIES INC (LOW)
Scott M Sperling 87% 79% – MADISON SQUARE GARDEN SPORTS CORP (MSGS)
94% – THERMO FISHER SCIENTIFIC INC (TMO)
Teresa Briggs 87% 71% – DOCUSIGN INC (DOCU)
83% – SNOWFLAKE INC (SNOW)
97% – SERVICENOW INC (NOW)
98% – WARBY PARKER INC (WRBY)
James L Robo 87% 81% – NEXTERA ENERGY PARTNERS LP (NEP)
90% – HUNT J B TRANSPORT SERVICES INC (JBHT)
91% – NEXTERA ENERGY INC (NEE)
James J Goetz 87% 76% – PALO ALTO NETWORKS INC (PANW)
98% – INTEL CORP (INTC)
James A Johnson 87% 83% – ATHIRA PHARMA INC (ATHA)
91% – GOLDMAN SACHS GROUP INC (GS)
Edward D Breen 87% 76% – INTERNATIONAL FLAVORS & FRAGRANCES INC (IFF)
90% – COMCAST CORP (CMCSA)
96% – DUPONT DE NEMOURS INC (DD)
A Shane Sanders 87% 75% – DANAHER CORP (DHR)
99% – COMMVAULT SYSTEMS INC (CVLT)
Keith R Leonard 88% 82% – UNITY BIOTECHNOLOGY INC (UBX)
95% – INTUITIVE SURGICAL INC (ISRG)
Mark Garrett 88% 71% – PURE STORAGE INC (PSTG)
87% – SNOWFLAKE INC (SNOW)
89% – GODADDY INC (GDDY)
95% – AXALTA COATING SYSTEMS LTD (AXTA)
96% – CISCO SYSTEMS INC (CSCO)
Clark T Randt Jr 88% 81% – QUALCOMM INC (QCOM)
81% – VALMONT INDUSTRIES INC (VMI)
94% – UNITED PARCEL SERVICE INC (UPS)
97% – WYNN RESORTS LTD (WYNN)
Rodney C Adkins 88% 79% – PPL CORP (PPL)
83% – AVNET INC (AVT)
91% – WW GRAINGER INC (GWW)
93% – UNITED PARCEL SERVICE INC (UPS)
94% – PAYPAL HOLDINGS INC (PYPL)
John W Rogers Jr 88% 64% – NIKE INC (NKE)
93% – MCDONALDS CORP (MCD)
96% – EXELON CORP (EXC)
98% – NEW YORK TIMES CO (NYT)
Michael L Eskew 88% 79% – ELI LILLY & CO (LLY)
86% – INTERNATIONAL BUSINESS MACHINES CORP (IBM)
93% – ALLSTATE CORP (ALL)
93% – 3M CO (MMM)
Alan G Spoon 88% 85% – MATCH GROUP INC (MTCH)
86% – IAC INC (IAC)
87% – DANAHER CORP (DHR)
91% – FORTIVE CORP (FTV)
91% – CABLE ONE INC (CABO)
Mark C Vadon 88% 77% – QURATE RETAIL INC (QRTEA)
99% – HOME DEPOT INC (HD)
Darren Walker 89% 76% – RALPH LAUREN CORP (RL)
94% – BLOCK INC (SQ)
98% – PEPSICO INC (PEP)
Maria Elena Lagomasino 89% 83% – WALT DISNEY CO (DIS)
95% – COCA COLA CO (KO)
Dara Khosrowshahi 89% 71% – EXPEDIA GROUP INC (EXPE)
97% – AURORA INNOVATION INC (AUR)
98% – UBER TECHNOLOGIES INC (UBER)
Barry Diller 89% 82% – EXPEDIA GROUP INC (EXPE)
87% – COCA COLA CO (KO)
89% – MGM RESORTS INTERNATIONAL (MGM)
93% – IAC INC (IAC)
96% – MATCH GROUP INC (MTCH)
Thomas W Horton 89% 80% – QUALCOMM INC (QCOM)
88% – GENERAL ELECTRIC CO (GE)
97% – WALMART INC (WMT)
Michelle Kumbier 89% 79% – TELEDYNE TECHNOLOGIES INC (TDY)
98% – ABBOTT LABORATORIES (ABT)

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