Lawsuit alleges that ‘personal rivalry influenced Amazon’s procurement process.’
The Magnificent Seven tech giants will continue to dominate the index, critics say.
One in three shareholders, including pension funds like CalPERS, opposed the online retail giant at its annual meeting on such issues as executive pay.
Apple, Amazon, Microsoft, Alphabet, and Tesla make up a core portion of both the S&P 500 and Nasdaq 100.
Protesting working conditions at the e-commerce giant’s warehouses, the city and state funds urge no votes on reelecting board members.
The kings of the tech realm have suffered stock slides but still command powerful advantages.
Disrupters focused on the ‘internet of things’ could be the ones to knock over today’s kingpins. Recall the fates of IBM and other one-time heavyweights.