Boos and Catcalls for the Gang at Live Nation - Assignment Example

Anything that happens to Live Nation affects all the companies involved. For example, the general meeting outcomes reported by Live Nation are embarrassing to all the companies involved. Because of dissatisfaction, the shareholders suspended votes for numerous directors. For example, they withheld 26 percent of the votes deposited for Dolan. The other directors also faced a significant withholding of votes. This is particularly bad for any business to have more than one or two business directors receive no vote (Footnotted 1).

Shareholder dissatisfaction can also be seen in their take on the executive compensation arrangements. Live Nation experienced a significant number of vote shares against the company’s executive compensation arrangements. In 2011, Live Nation’s performance was not appealing, and had lost almost 22% of their stock. Additionally, the same year the company experienced decreased revenues and recorded a high operating loss of nearly half a billion dollars. With the company experiencing losses, the management still awarded themselves nearly $38 million culminating in dissatisfaction and rejection by the shareholders (Footnotted 1).