Law Firms Issue Opposing Memos on Board and Shareholder Interaction
January 25, 2008 by Joseph McCafferty
Holly J. Gregory and Ira Millstein of Weil, Gotshal & Manges this week announced the release of an annual memo by the firm that identifies areas for focus by corporate governance participants in the coming year.
January 25, 2008 by Joseph McCafferty
Holly J. Gregory and Ira Millstein of Weil, Gotshal & Manges this week announced the release of an annual memo by the firm that identifies areas for focus by corporate governance participants in the coming year.
Many Companies to Withhold Disclosure of Performance Goals in 2008, Survey Finds
January 24, 2008 by Joseph McCafferty
A significant portion of large U.S. companies are not planning to disclose performance goals for their executive pay programs in their 2008 proxy statements, a poll by Watson Wyatt finds.
January 24, 2008 by Joseph McCafferty
A significant portion of large U.S. companies are not planning to disclose performance goals for their executive pay programs in their 2008 proxy statements, a poll by Watson Wyatt finds.
Rethinking Board and Shareholder Engagement in 2008
January 24, 2008 by Joseph McCafferty
In 2008 we predict — and encourage — increased efforts by boards of directors to engage shareholders in less contentious, more cooperative interaction and communication. We also encourage shareholders to consider how they, in turn, might foster more constructive relationships with corporate boards, including through consideration of the appropriate limits of shareholder power.
January 24, 2008 by Joseph McCafferty
In 2008 we predict — and encourage — increased efforts by boards of directors to engage shareholders in less contentious, more cooperative interaction and communication. We also encourage shareholders to consider how they, in turn, might foster more constructive relationships with corporate boards, including through consideration of the appropriate limits of shareholder power.
Gates at Davos Calls for ‘Kinder Capitalism’
January 24, 2008 by Joseph McCafferty
Billionaire Bill Gates is expected today to urge attendees of the World Economic Forum in Davos, Switzerland, for “a revision of capitalism” that seeks to redirect wealth to the needs of poor countries.
January 24, 2008 by Joseph McCafferty
Billionaire Bill Gates is expected today to urge attendees of the World Economic Forum in Davos, Switzerland, for “a revision of capitalism” that seeks to redirect wealth to the needs of poor countries.
PwC Finds CEO Confidence Has Plunged
January 24, 2008 by Joseph McCafferty
Global CEOs have replaced fear of terrorism and regulation with fear of recession, according to the 11th annual Global CEO survey by PricewaterhouseCoopers.
January 24, 2008 by Joseph McCafferty
Global CEOs have replaced fear of terrorism and regulation with fear of recession, according to the 11th annual Global CEO survey by PricewaterhouseCoopers.
Court Rejects Enron Investors’ Suit
January 23, 2008 by Joseph McCafferty
Supreme Court delivers defeat to Enron investors
January 23, 2008 by Joseph McCafferty
Supreme Court delivers defeat to Enron investors
eBay’s Chief Whitman to Retire
January 23, 2008 by Joseph McCafferty
Sources say eBay CEO Meg Whitman is preparing herself for retirement.
January 23, 2008 by Joseph McCafferty
Sources say eBay CEO Meg Whitman is preparing herself for retirement.
Pension Plans Show Strongest Growth in a Decade
January 22, 2008 by Joseph McCafferty
The nation's largest 1,000 retirement plans enjoyed their strongest growth rate in a decade in the 12 months ended Sept. 30.
January 22, 2008 by Joseph McCafferty
The nation's largest 1,000 retirement plans enjoyed their strongest growth rate in a decade in the 12 months ended Sept. 30.
Nazareth to Step Down From SEC
January 22, 2008 by Joseph McCafferty
Annette Nazareth, the lone Democratic commissioner at the Securities and Exchange Commission who announced her intention to step down last year, has said she would leave at the end of this month
January 22, 2008 by Joseph McCafferty
Annette Nazareth, the lone Democratic commissioner at the Securities and Exchange Commission who announced her intention to step down last year, has said she would leave at the end of this month
J.C. Flowers Sets Eyes on Friends Provident
January 21, 2008 by Joseph McCafferty
J.C. Flowers & Co. has said it is considering the possibility of buying financial-services firm Friends Provident PLC, after it bought a 2.7-percent stake in the U.K.-based insurer
January 21, 2008 by Joseph McCafferty
J.C. Flowers & Co. has said it is considering the possibility of buying financial-services firm Friends Provident PLC, after it bought a 2.7-percent stake in the U.K.-based insurer
NYSE to Buy American Stock Exchange
January 18, 2008 by Joseph McCafferty
The privately held American Stock Exchange will be purchased by larger rival NYSE Euronext, the company said yesterday. The purchase strengthens NYSE’s position in the options market, as well as in exchange-traded and closed-end funds.
January 18, 2008 by Joseph McCafferty
The privately held American Stock Exchange will be purchased by larger rival NYSE Euronext, the company said yesterday. The purchase strengthens NYSE’s position in the options market, as well as in exchange-traded and closed-end funds.
Investor Challenges Comcast CEO Roberts
January 18, 2008 by Joseph McCafferty
An activist investor has written to the Comcast Corp. board of directors, challenging the leadership of CEO Brian Roberts after a 40 percent decline in share price in the last year.
January 18, 2008 by Joseph McCafferty
An activist investor has written to the Comcast Corp. board of directors, challenging the leadership of CEO Brian Roberts after a 40 percent decline in share price in the last year.
Survey: Support Grows to Curb Comp at Canadian Companies
January 17, 2008 by Joseph McCafferty
The Shareholders Association for Research and Education (SHARE) yesterday released its 2007 Key Proxy Vote Survey, which shows growing support among investment management firms for selected shareholder proposals that address excessive executive compensation.
January 17, 2008 by Joseph McCafferty
The Shareholders Association for Research and Education (SHARE) yesterday released its 2007 Key Proxy Vote Survey, which shows growing support among investment management firms for selected shareholder proposals that address excessive executive compensation.
Former Brocade CEO Sentenced
January 17, 2008 by Joseph McCafferty
The first chief executive to be convicted for tampering with stock-option awards was sentenced yesterday to 21 months in prison, one of a handful of corporate officials to face punishment for the once-widespread practice.
January 17, 2008 by Joseph McCafferty
The first chief executive to be convicted for tampering with stock-option awards was sentenced yesterday to 21 months in prison, one of a handful of corporate officials to face punishment for the once-widespread practice.
Shareholders Sue in Efforts to Halt Commerce Bancorp Deal
January 17, 2008 by Joseph McCafferty
Two Commerce Bancorp shareholders are suing to try to block a shareholder litigation settlement that is key to the bank's $8.5 billion merger with Toronto-Dominion Bank.
January 17, 2008 by Joseph McCafferty
Two Commerce Bancorp shareholders are suing to try to block a shareholder litigation settlement that is key to the bank's $8.5 billion merger with Toronto-Dominion Bank.
Apollo Group Ordered to Pay $280M
January 17, 2008 by Joseph McCafferty
A federal jury yesterday found Apollo Group, the for-profit company that owns the University of Phoenix, guilty of fraudulently misleading investors about its student recruitment policies, ordering the company to pay shareholders about $280 million.
January 17, 2008 by Joseph McCafferty
A federal jury yesterday found Apollo Group, the for-profit company that owns the University of Phoenix, guilty of fraudulently misleading investors about its student recruitment policies, ordering the company to pay shareholders about $280 million.
Circuit City Names COO
January 17, 2008 by Joseph McCafferty
John Harlow has been named COO at Circuit City Stores to supervise retail stores, real estate and information technology.
January 17, 2008 by Joseph McCafferty
John Harlow has been named COO at Circuit City Stores to supervise retail stores, real estate and information technology.
Supreme Court Ruling Shields Third Parties From Securities Suits
January 16, 2008 by Joseph McCafferty
The Supreme Court yesterday handed a solid win to third-party defendants in securities litigation, including law firms, accountants, and bankers, by shielding them from broad "scheme liability" for their peripheral role in corporate fraud.
January 16, 2008 by Joseph McCafferty
The Supreme Court yesterday handed a solid win to third-party defendants in securities litigation, including law firms, accountants, and bankers, by shielding them from broad "scheme liability" for their peripheral role in corporate fraud.
Conference Board Finds Steep Drop in CEO Confidence
January 16, 2008 by Joseph McCafferty
The confidence of CEOs declined in the second half of 2007, the lowest it’s been since the turn of the century, according to the Conference Board’s Measure of CEO Confidence.
January 16, 2008 by Joseph McCafferty
The confidence of CEOs declined in the second half of 2007, the lowest it’s been since the turn of the century, according to the Conference Board’s Measure of CEO Confidence.
NACD Closing in on Nomination Deadline for 2008 New England Director of the Year
January 16, 2008 by Joseph McCafferty
The National Association of Corporate Directors has announced the deadline for nominating the New England Chapter's Director of the Year.
January 16, 2008 by Joseph McCafferty
The National Association of Corporate Directors has announced the deadline for nominating the New England Chapter's Director of the Year.