Investors Await Bank Stress-Test Results
April 15, 2009 by Joseph McCafferty
The Obama administration is considering making some results of the stress test being conducted on the country’s largest banks.
April 15, 2009 by Joseph McCafferty
The Obama administration is considering making some results of the stress test being conducted on the country’s largest banks.
Fannie Mae’s Allison to Head TARP
April 14, 2009 by Joseph McCafferty
Fannie Mae CEO Herb Allison is expected to head the government’s $700 billion financial-rescue program.
April 14, 2009 by Joseph McCafferty
Fannie Mae CEO Herb Allison is expected to head the government’s $700 billion financial-rescue program.
SEC Chair Outlines Ambitious Agenda
April 7, 2009 by Joseph McCafferty
Hewing to the Obama administration's penchant for putting a lot on it's plate, Securities and Exchange Commission Chairman Mary Schapiro outlined an ambitious regulatory agenda that will depart in major ways from the one advanced by her successor. It could have a large impact on the process by which boards are elected.
April 7, 2009 by Joseph McCafferty
Hewing to the Obama administration's penchant for putting a lot on it's plate, Securities and Exchange Commission Chairman Mary Schapiro outlined an ambitious regulatory agenda that will depart in major ways from the one advanced by her successor. It could have a large impact on the process by which boards are elected.
Greenberg to Defend his Tenure at AIG
April 2, 2009 by Joseph McCafferty
The man that held the reins at AIG for 38 years will speak before Congress today, and will likely defer the blame for the fallen insurance giant’s collapse.
April 2, 2009 by Joseph McCafferty
The man that held the reins at AIG for 38 years will speak before Congress today, and will likely defer the blame for the fallen insurance giant’s collapse.
Gantler Ruling Stresses Independence and Process
April 1, 2009 by Stuart H. Gelfond
The Delaware Supreme Court’s recent decision in Gantler v. Stephens reemphasizes that, when considering the merits of a sale of a company, even non-management “outside” directors must be aware of potential conflicts of interest which might be viewed as affecting their independence—especially when one of the options implicates management’s own interests.
April 1, 2009 by Stuart H. Gelfond
The Delaware Supreme Court’s recent decision in Gantler v. Stephens reemphasizes that, when considering the merits of a sale of a company, even non-management “outside” directors must be aware of potential conflicts of interest which might be viewed as affecting their independence—especially when one of the options implicates management’s own interests.
The First State in Corporate Law
April 1, 2009 by Maureen Milford
With little fanfare, Delaware’s famed Court of Chancery dismissed a claim by Citigroup shareholders against current and former directors and officers that they had breached their fiduciary duty by failing to properly monitor and disclose risks arising from problems in the subprime lending market that resulted in massive losses.
April 1, 2009 by Maureen Milford
With little fanfare, Delaware’s famed Court of Chancery dismissed a claim by Citigroup shareholders against current and former directors and officers that they had breached their fiduciary duty by failing to properly monitor and disclose risks arising from problems in the subprime lending market that resulted in massive losses.
Is the Entire GM Board the Next to Go?
April 1, 2009 by Joseph McCafferty
Following the forcible removal of CEO and chairman Rick Wagoner, the Obama administration is gearing up to clean house on the board level as well.
April 1, 2009 by Joseph McCafferty
Following the forcible removal of CEO and chairman Rick Wagoner, the Obama administration is gearing up to clean house on the board level as well.
Lyondell Decision Affirms Board’s Role
March 30, 2009 by Joseph McCafferty
The Delaware Supreme Court gave corporate directors more latitude and discretion in deciding whether to accept a merger offer.
March 30, 2009 by Joseph McCafferty
The Delaware Supreme Court gave corporate directors more latitude and discretion in deciding whether to accept a merger offer.
Policy Makers to Empower Shareholders
March 26, 2009 by Joseph McCafferty
Federal and state policy makers are advancing plans to give shareholders more power in corporate boardrooms.
March 26, 2009 by Joseph McCafferty
Federal and state policy makers are advancing plans to give shareholders more power in corporate boardrooms.
Goldman Aims for Quick TARP Repayment
March 25, 2009 by Joseph McCafferty
Holding company nee investment bank Goldman Sachs is looking to repay its government debt sooner rather than later, and in doing so may push its peers to follow a similar path.
March 25, 2009 by Joseph McCafferty
Holding company nee investment bank Goldman Sachs is looking to repay its government debt sooner rather than later, and in doing so may push its peers to follow a similar path.
SEC to Consider Next Steps for Credit Raters
March 25, 2009 by Joseph McCafferty
The Securities and Exchange Commission will hold a roundtable relating to its oversight of credit rating agencies on April 15.
March 25, 2009 by Joseph McCafferty
The Securities and Exchange Commission will hold a roundtable relating to its oversight of credit rating agencies on April 15.
AIG Bonus Recipients to Pay Back $50M
March 24, 2009 by Joseph McCafferty
The New York State attorney general, Andrew M. Cuomo, said yesterday that he had persuaded nine of the top 10 bonus recipients at the American International Group to give the money back, as the Senate plans to tax the bonuses.
March 24, 2009 by Joseph McCafferty
The New York State attorney general, Andrew M. Cuomo, said yesterday that he had persuaded nine of the top 10 bonus recipients at the American International Group to give the money back, as the Senate plans to tax the bonuses.
Convicted Qwest CEO Seeks New Trial
March 23, 2009 by Joseph McCafferty
Former Qwest CEO Joe Nacchio asked the U.S. Supreme Court on Friday to review his insider-trading conviction, raising questions about the fairness of the judge who presided at his trial.
March 23, 2009 by Joseph McCafferty
Former Qwest CEO Joe Nacchio asked the U.S. Supreme Court on Friday to review his insider-trading conviction, raising questions about the fairness of the judge who presided at his trial.
AIG Suit Against Fed Draws New Fire
March 20, 2009 by Joseph McCafferty
American International Group, under fire for corporate pay excesses, is fighting the federal government’s $306 million tax on executive bonuses, presumably using taxpayer money.
March 20, 2009 by Joseph McCafferty
American International Group, under fire for corporate pay excesses, is fighting the federal government’s $306 million tax on executive bonuses, presumably using taxpayer money.
SEC to Name New Chief of Staff
March 20, 2009 by Joseph McCafferty
Sources at Global Proxy Watch report that Didem Nisanci, policy advisor and staff director for Senator Jack Reed (D-RI), will soon be named the chief of staff at the Securities and Exchange Commission.
March 20, 2009 by Joseph McCafferty
Sources at Global Proxy Watch report that Didem Nisanci, policy advisor and staff director for Senator Jack Reed (D-RI), will soon be named the chief of staff at the Securities and Exchange Commission.
IMF Says U.S. Recovery Plan Uncertain
March 20, 2009
Predicts global economy will decline by 1 percent.
March 20, 2009
Predicts global economy will decline by 1 percent.
Australia Tackles Executive Pay
March 19, 2009 by Joseph McCafferty
The Australian government said it plans to crack down on excessive executive-pay packages and cut down on golden handshake termination payments, prompting an angry response from business groups.
March 19, 2009 by Joseph McCafferty
The Australian government said it plans to crack down on excessive executive-pay packages and cut down on golden handshake termination payments, prompting an angry response from business groups.
AIG Is Not Alone: Other Bonuses Eyed
March 19, 2009 by Joseph McCafferty
Additional financial companies receiving government money are facing political scrutiny over bonus payments to executives.
March 19, 2009 by Joseph McCafferty
Additional financial companies receiving government money are facing political scrutiny over bonus payments to executives.
Executive Compensation: What to Watch for in 2009
March 18, 2009 by Directorship Editors
A recent report examines expected changes to pay plans and practices.
March 18, 2009 by Directorship Editors
A recent report examines expected changes to pay plans and practices.
Treasury Looks to Recoup AIG Bonus Money
March 18, 2009 by Joseph McCafferty
A frustrated Timothy Geithner is looking to deny AIG $165 million worth of bonuses paid out to employees working in the company’s financial products division
March 18, 2009 by Joseph McCafferty
A frustrated Timothy Geithner is looking to deny AIG $165 million worth of bonuses paid out to employees working in the company’s financial products division