Shareholder activist organization FEP: It sought a one-hour private meeting between Microsoft CEO and Michael Saylor but was refused
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2024-12-11 09:03 7,222
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Golden Finance reported that MicroStrategy co-founder Michael Saylor made a proposal to include Bitcoin on the balance sheet at Microsoft’s virtual shareholder meeting, but it was rejected by a shareholder vote. The proposal requires the board to evaluate whether including Bitcoin on the balance sheet is in the long-term interests of shareholders. Saylor, speaking on behalf of the shareholder advocacy group FEP (Free Enterprise Project), predicted that Bitcoin’s market value will increase from US$2 trillion to more than US$200 trillion in 21 years, and emphasized that Bitcoin’s performance is 10 times higher than Microsoft’s stock price.
It is worth noting that FEP Deputy Director Ethan Peck revealed that FEP was willing to withdraw the proposal if Microsoft CEO Nadella agreed to a one-hour private meeting with Saylor, but was rejected. Cornell University trade policy professor Eswar Prasad said it makes sense for companies to invest a small portion of their reserves in cryptocurrencies, given the positive outlook for the cryptocurrency industry under the Trump administration. Currently, FEP has submitted a similar proposal to Amazon and may expand to other companies in the future.