Tuesday February 7, 2012
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Boardroom News
Hewlett-Packard to put proxy-access proposal to vote
February 6, 2012

H-P shareholders will vote on a bylaw allowing investors who own at least three percent of shares for at least three years be allowed to nominate up to 20 percent of the company's directors.

Many besides Facebook leader Zuckerberg will be enriched
February 6, 2012

Eleven executives and investors stand to hold half Facebook's value after it goes public.

Goldman Sachs cuts chief executive’s bonus
February 6, 2012

Goldman Sachs CEO Lloyd Blankfein received $7 million worth of restricted stock as his 2011 bonus, a 44 percent decrease from the prior year.

Wynn plays down director’s suit
February 6, 2012

Wynn Resorts CEO Steve Wynn is looking to downplay a suit from the company's largest shareholder and director Kazuo Okada seeking an order allowing him to view the company's financial records.

Group wants to inform economic policy
February 6, 2012

The Job Creators Alliance aims to repeal Obamacare, lower the corporate tax rate and roll back the Dodd-Frank Act.

Hutchison Whampoa to buy Orange Austria for $1.7 billion
February 6, 2012

Hong Kong's Hutchison Whampoa plans to purchase telecommunications company Orange Austria, a deal that would make Hutchison Austria the third-largest mobile phone operator in the country.

Stock futures dip on worries over Greece
February 6, 2012

Reuters - Stock index futures fell on Monday, indicating the benchmark S&P 500 index could pull back after a five-week rally on concerns Greece will be unable to avoid a chaotic default as it tries to reach terms on a new bailout package.

Facebook users ask, ‘Where’s our cut?’
February 5, 2012

Without the free content created by its 850 million users, Facebook would surely not be on the verge of a multibillion-dollar initial public offering.

With role lessened, loan chief exits BofA
February 4, 2012

Barbara Desoer, a high-profile mortgage executive who once was a candidate to become chief executive of Bank of America, is leaving as the financial giant retreats from the home-loan business.

LightSquared’s woes weigh on Falcone fund
February 3, 2012

Harbinger Capital Partners lost 46.6 percent last year as Philip Falcone's biggest - and most controversial - investment took a beating, according to investors who spoke on condition of anonymity.

A call for alcohol policies at U.K. firms
February 3, 2012

Alcohol Concern is recommending a specific alcohol policy be included as a requirement in the U.K.'s Corporate Governance Code.

Governance experts raise concerns over Zuckerberg’s majority control in Facebook
February 3, 2012

A number of governance experts have stated that Facebook CEO Mark Zuckerberg's 56.9 percent voting power allows him too much control.

Corporate RE execs see compensation increase, study shows
February 3, 2012

Eighty-three percent of commercial real estate executives saw their base salary compensation increase by five percent last year, finds a new CoreNet Global and FPL Associates survey.

Fannie, Freddie bonuses banned in Senate vote
February 3, 2012

The U.S. Senate approved a ban on executive bonuses at Fannie Mae and Freddie Mac with an overwhelming majority following the FHFA's approval of almost $13 million in bonuses to 10 executives.

Indiana becomes 23rd ‘right-to-work’ state, first in 10 years
February 3, 2012

Indiana has passed anti-union "right-to-work" legislation following a number of businesses relocating out of the state.

German court rejects Apple bid to ban Samsung devices
February 3, 2012

Apple's request to ban Samsung products from being sold in Germany on patent infringement grounds has been rejected.

Controversial corporate tax bill moves forward in New Mexico
February 3, 2012

The New Mexico Senate Corporations and Transportation Committee agreed to a bill decreasing corporate income tax rates while closing a loophole to allow out-of-state firms to do business in the state to avoid state income taxes.

Corporate tax rate is lowest in decades
February 3, 2012

Total corporate federal taxes paid fell to 12.1 percent of profits in the fiscal year ending Sept. 30, reports the Congressional Budget Office.

NACD honors Murray for board achievement
February 3, 2012

NACD's New England chapter honored retired FleetBoston Financial Chairman and CEO J. Terrence Murray with its lifetime achievement award.

Glencore, Xstrata in talks to form $80 billion mining giant
February 3, 2012

Two of the world's most powerful raw-materials companies are in talks to combine to form a much larger company worth $80 billion.