proxy
/ˈprɑk si/
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Definition(s):
- (n) a person authorized to act for another
- (n) a power of attorney document given by shareholders of a corporation authorizing a specific vote on their behalf at a corporate meeting
Synonym(s)
Usage(s):
- The good news for Lewis is that proxy fraud generally has lower penalties than regular securities fraud.
- Activists smuggle proxy software into China and pass it hand-to-hand on flash memory devices.
- Samak's PPP won elections last December by essentially campaigning as a proxy for Thaksin's banned party, promising plentiful health care and village loans.
Quotes
- didn't agree to a deal by the deadline, Microsoft would "take our case directly to your shareholders, including the initiation of a proxy contest to elect an alternative slate of directors for the Yahoo! board," Ballmer wrote.on Apr 28, 2008 By: Steve Ballmer Source: Forbes
- Jerry Yang, co-founder and chief executive at Yahoo!, said: "This agreement will not only allow Yahoo to put the distraction of the proxy contest behind us, it will allow the company to continue pursuing its strategy of being the starting point for...on Jul 21, 2008 By: Jerry Yang Source: Times Online
- "I sincerely hope you heed the wishes of your shareholders and move expeditiously to negotiate a merger with Microsoft, thereby making a proxy fight unnecessary," Icahn wrote in closing the letter.on May 15, 2008 By: Carl Icahn Source: ITworld.com
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