State Street (NYSE:STT) Faces Investor Activism as Stock Slides 10%
Recent developments at State Street (NYSE:STT), including board changes and investor proposals, coincide with a challenging month for the company, which saw a 10% decline in its share price. With proposals urging enhanced transparency and an independent board chair faced resistance, the board has recommended against such measures. Meanwhile, two directors announced their departure, possibly adding to market apprehension. Broader market concerns, amplified by a global trade war leading to a 5%...