Friday February 10, 2012
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Boardroom News
Amgen to buy Micromet for $1.16 billion
January 27, 2012

Amgen will purchase cancer therapy developer Micromet for $1.16 billion in cash.

Executive bonuses in crosshairs as some firms sidestep rule limiting rewards
January 27, 2012

Median executive compensation at 21 of the 100 largest companies that recently went through bankruptcy was $8.7 million, compared with 2010's $9.1 million median compensation for S&P 500 CEOs.

Altria Earnings Drop 9%
January 27, 2012

Altria's fourth-quarter earnings fell 9% as charges offset revenue growth, while the tobacco company named Vice Chairman Martin J. Barrington chairman and chief executive to succeed the retiring Michael E. Szymanczyk.

Altria Earnings Drop 9%
January 27, 2012

Altria's fourth-quarter earnings fell 9% as charges offset revenue growth, while the tobacco company named Vice Chairman Martin J. Barrington chairman and chief executive to succeed the retiring Michael E. Szymanczyk.

Hard year for hedge funds; biggest one thrived
January 27, 2012

Bridgewater Associates, which manages nearly $120 billion, posted returns of 23 percent in 2011 — a year when the average hedge fund portfolio lost 5 percent.

Carrefour Courting New CEO
January 27, 2012

French retailer Carrefour is in negotiations to hire clothing executive Georges Plassat to replace its current CEO, Lars Olofsson. Olofsson's tenure at Carrefour has been marred by profit warnings, strategic about-faces and a failed merger project.

Carrefour Courting New CEO
January 27, 2012

French retailer Carrefour is in negotiations to hire clothing executive Georges Plassat to replace its current CEO, Lars Olofsson. Olofsson's tenure at Carrefour has been marred by profit warnings, strategic about-faces and a failed merger project.

3M Feels Heat Over Succession
January 27, 2012

3M directors are split over whether to extend the term of CEO George Buckley, whose contract expires in a month.

3M Feels Heat Over Succession
January 27, 2012

3M directors are split over whether to extend the term of CEO George Buckley, whose contract expires in a month.

Broadband lifts Time Warner Cable
January 26, 2012

Time Warner Cable's earnings rose 44% on higher revenue from residential high-speed data and voice services. The cable provider also raised its quarterly dividend by 17% and unveiled a $4 billion stock buyback program.

Broadband Lifts Time Warner Cable
January 26, 2012

Time Warner Cable's earnings rose 44% on higher revenue from residential high-speed data and voice services. The cable provider also raised its quarterly dividend by 17% and unveiled a $4 billion stock buyback program.

SEC Advisory Committee on Small and Emerging Companies to meet Wednesday
January 26, 2012

FOR IMMEDIATE RELEASE
2012-19

Washington, D.C., Jan. 26, 2012 — The Securities and Exchange Commission announced today that its Advisory Committee on Small and Emerging Companies will meet on Wednesday, February 1, beginning at 10 a.m. EST.

...

SEC Advisory Committee on Small And Emerging Companies to Meet Wednesday
January 26, 2012

FOR IMMEDIATE RELEASE
2012-19

Washington, D.C., Jan. 26, 2012 — The Securities and Exchange Commission announced today that its Advisory Committee on Small and Emerging Companies will meet on Wednesday, February 1, beginning at 10 a.m. EST.

...

Royal Bank of Scotland slashes CEO’s bonus
January 26, 2012

Royal Bank of Scotland -- 82 percent owned by British taxpayers -- had come under pressure from Prime Minister David Cameron to rein in bonuses for top executives.

Report: Taxpayers still owed $133B from bailout (AP)
January 26, 2012

AP - Companies that were bailed out during the financial crisis still owe U.S. taxpayers nearly $133 billion. Treasury's plans to recoup that money have been slowed by the volatile stock market and weakness among smaller banks.

Novo Nordisk tops list of world’s 100 most sustainable firms
January 26, 2012

Novo Nordisk was ranked number one on the 2012 Corporate Knights Global 100 Most Sustainable Corporations list.

Demand for digital directors
January 26, 2012

The demand for digital directors is increasing, though the pool of qualified candidates is small.

Verizon to triple pension contribution in 2012
January 26, 2012

Verizon will contribute $1.26 billion to its underfunded pension plan, an increase from $400 million the previous year.

Jacobs Engineering hoping for pay support
January 26, 2012

Jacobs Engineering Group, the first big firm in the 2012 proxy season to hold its annual meeting, hopes to pass this years say on pay vote after last year's failure.

Breach of new EU online data rules to carry high fines
January 26, 2012

Europe's strict new data privacy rules could mean fines of up to 2 percent of a company's annual turnover.