ADVFN - Advanced Financial Network.
HOME» NYSE » C » CPE Stock Price » CPE Stock News

Callon Share News

 Callon Petroleum Co. (de) Stock Price
CPE Stock Price
 Callon Petroleum Co. (de) Stock Chart
CPE Stock Chart
 Callon Petroleum Co. (de) Stock News
CPE Stock News
 Callon Petroleum Co. (de) Company Information
CPE Company Information
 Callon Petroleum Co. (de) Stock Trades
CPE Stock Trades

Calpers Flags Four Health Firms For Governance, Performance

DOW JONES NEWSWIRES The largest public pension in the U.S. is calling out four health-related companies, including drug giant Eli Lilly & Co. (LLY), for what it says is a combination of poor returns and resistance to governance changes that could improve performance. The California Public Employees' Retirement System flagged the four companies in its latest "focus list." Calpers, an institutional shareholder with $167 billion in assets, also called out medical-technology provider Hill-Rom Holdings Inc. (HRC), pharmaceutical research firm IMS Health Inc. (RX) and real-estate investment trust Hospital Properties Trust. Calpers, which has been publishing the list each year since 1987, is known for pushing for governance changes at companies where it believes such changes could improve board accountability and financial performance. "In today's current economic environment, no company should resist strengthening their corporate governance, but these four companies did," said Calpers President Rob Feckner in a statement. The fund criticized Eli Lilly for continuing "to deny shareholders any opportunity to amend bylaws - a restriction used by only 4% of S&P 500 companies." Calpers is seeking shareowner support for a resolution to overturn the bylaw amendment provision at the company's annual meeting next month. Moreover, Calpers said, Eli Lilly has underperformed its peers by 64% during the past five years. Hill-Rom lagged its peers in the health-care equipment industry by 84% over the same period, Calpers said. The fund objects to "the company's refusal to remove its staggered board structure and to allow shareowners to amend its bylaws." IMS underperformed its peers by 63% over the same period. The pension fund cites IMS' denial of shareholders' right to call a special meeting and to adopt annual nonbinding advisory votes on executive compensation practices. "Placing these companies on the Focus List and bringing shareowner resolutions against them in some cases are last resorts for us," said George Diehr, head of Calpers' Investment Committee. "We much prefer engaging them first to achieve better alignment with management, boards and investors and set the table for improved share value over time." -By Mike Barris, Dow Jones Newswires; 201-938-5658;

Stock News for Callon (CPE)
02/12/201616:36:57Amended Statement of Ownership (sc 13g/a)
02/11/201611:14:51Schedule 13g<br /> (sc 13g/a)
02/04/201613:58:30Amended Statement of Ownership (sc 13g/a)
02/01/201616:05:00Callon Petroleum Company Announces Fourth Quarter and Full-Year...
02/01/201610:21:14Current Report Filing (8-k)
02/01/201607:30:00Callon Petroleum Company Announces Operational Update and 2015...
01/26/201608:20:35Amended Statement of Ownership (sc 13g/a)
01/15/201614:01:16Statement of Changes in Beneficial Ownership (4)
01/15/201610:56:07Current Report Filing (8-k)
01/13/201610:06:46Statement of Changes in Beneficial Ownership (4)
01/07/201612:47:44Statement of Changes in Beneficial Ownership (4)
01/05/201616:56:37Statement of Changes in Beneficial Ownership (4)
01/05/201616:53:36Statement of Changes in Beneficial Ownership (4)
01/05/201616:49:41Statement of Changes in Beneficial Ownership (4)
01/05/201616:48:24Statement of Changes in Beneficial Ownership (4)
01/04/201616:49:12Statement of Ownership (sc 13g)
12/22/201512:19:09Statement of Changes in Beneficial Ownership (4)
12/10/201515:12:22Statement of Changes in Beneficial Ownership (4)
12/04/201509:00:00Callon Petroleum Company Announces Upcoming Investor Event
12/04/201508:30:00Callon Petroleum Declares Series A Preferred Dividend

Callon Petroleum and other New York Stock Exchange stock quotes are delayed by at least 20 minutes.
All other stock price data is delayed by at least 15 minutes unless otherwise stated.
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Contact Us | Copyright 1999-2015 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations