Thursday February 9, 2012
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Boardroom News
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.

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.

SEC Names Jeanette M. Franzel to the Public Company Accounting Oversight Board
February 3, 2012

FOR IMMEDIATE RELEASE
2012-24

Washington, D.C., Feb. 3, 2012 – The Securities and Exchange Commission today announced that it has named Jeanette M. Franzel to be a member of the Public Company Accounting Oversight Board (PCAOB). Ms. Franzel, current...

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.

AMR CEO on US Airways Bid: ‘What’s in the Water in Phoenix?’
February 3, 2012

AMR CEO Tom Horton reminds a newspaper that US Airways failed in three previous merger efforts.
Click to view a price quote on AAMRQ.PK.

HR business boosts Aon profit
February 3, 2012

Reuters - Aon Corp posted a higher quarterly profit that narrowly beat market estimates as the world's largest insurance broker continued to reap the benefits from its acquisition of Hewitt Associates.

Sony’s New Chief Reveals His Plans
February 3, 2012

The new chief executive of Sony promises to forge a new path for a company that once dominated the business of filling free time with the creation of wildly popular consumer products.

Cigna’s Net Drops 37%
February 2, 2012

Cigna earnings fell 37% amid acquisition-related charges and accounting changes, and the health insurer forecast lighter-than-expected earnings and rising use of medical services in the new year.

Proposed jobs bill would target foreign outsourcing by U.S. companies
February 2, 2012

Representative Gary Peters has proposed a bill requiring large U.S. companies to disclose how many of their jobs are based in the U.S. versus abroad.

Pension agency pressures American Airlines
February 2, 2012

Pension Benefit Guaranty Director Joshua Gotbaum is making moves to prevent American Airlines from using bankruptcy to shed its pension plans.