Magna executive shakeup said in the cards

Article Abstract:

With the privatization of Magna International Inc.'s three publicly held subsidiaries, changes are in the offing in the top ranks of the auto parts company. Former chief executive Don Walker is expected to return to Magna as executive vice-chairman and co-CEO, after serving as president and CEO for four years and as chairman for thirteen months at Interior Automotive, Magna's interiors and components division. The present incumbents of the posts include Fred Gingi and Siegfried Wolf.

Executive changes & profiles, Officials and employees, Appointments, resignations and dismissals, Walker, Don, Gingi, Fred, Wolf, Siegfried

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Magna faces shareholder fight over pay and stock structure

Article Abstract:

Magna International Inc. is facing criticism from large investors over the lucrative $54-million compensation package awarded in 2003 to chairman Frank Stronach and the company's dual-class share structure. Some of Canada's largest pension and mutual funds reported that they would withhold their votes for all 12 of the auto parts company's proposed directors.

Personnel administration, Compensation and benefits, Criticism and interpretation, Stronach, Frank

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Magna shares sink on tepid outlook

Article Abstract:

The impact of Magna International Inc.'s sales projection for 2006, on its shares, is discussed.

Forecasts, trends, outlooks, Securities issued, listed, Securities, Company securities, Company business forecast/projection, Company forecasts, 2006 AD

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