Risk: Page 21
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geralt. "Financial Crisis Stock Exchange Tendency" [Illustration]. Retrieved from Pixabay.
Is It OK to Sleep with Your Controller?
Forget backdating as a company woe, what about plain old dating?The NASA love triangle — which involves a female astronaut charged with attempting to murder a female acquaintance of a male colleague, a space shuttle pilot — shines a new light on corporate policies about dating co-workers.Accordin...
By Marie Leone • Feb. 7, 2007 -
geralt. "Financial Crisis Stock Exchange Tendency" [Illustration]. Retrieved from Pixabay.
Chevron Announces Governance Changes
Chevron is the latest company to announce governance changes before its annual meeting.The energy company amended its by-laws to require that the chairman be elected by the board of directors each year, following the annual meeting. Previously, the chief executive officer assumed the chairmanship...
By Stephen Taub • Feb. 6, 2007 -
geralt. "Financial Crisis Stock Exchange Tendency" [Illustration]. Retrieved from Pixabay.
Home Depot, Investor Group Reach Accord
The Home Depot signed a peace deal late Monday with Relational Investors, its largest and most boisterous shareholder, which had been threatening a showdown at the retailer’s annual meeting.David H. Batchelder, a principal of Relational Investors, will join Home Depot’s board of directors on Febr...
By Stephen Taub • Feb. 6, 2007 -
geralt. "Financial Crisis Stock Exchange Tendency" [Illustration]. Retrieved from Pixabay.
PepsiCo Serves Up CEO in Chairman Role
PepsiCo announced that chief executive officer Indra K. Nooyi will take the additional title of chairman of the board.Nooyi, 51, succeeds Steven S. Reinemund, just as she did last October when she became CEO of the soft drink and snack food giant. Reinemund announced last August that he would ret...
By Stephen Taub • Feb. 5, 2007 -
geralt. "Financial Crisis Stock Exchange Tendency" [Illustration]. Retrieved from Pixabay.
Ex-CFO: CEO Dictated Accounting Policies
The former chief financial officer of HomeGold Financial, a small mortgage products company, testified Wednesday that she was wrong to use aggressive accounting procedures, according to the South Carolina Greenville News.Karen Miller reportedly added, however, that she was simply working at the d...
By Stephen Taub • Feb. 1, 2007 -
geralt. "Financial Crisis Stock Exchange Tendency" [Illustration]. Retrieved from Pixabay.
More Companies Split Chairman, CEO Roles
The number of U.S. companies that have divided the responsibilities of chairman and chief executive officer rose in 2006, according to a new report from Institutional Shareholder Services.ISS found that 41 percent of companies had split those positions as of last year, compared with 37 percent in...
By Stephen Taub • Jan. 31, 2007 -
geralt. "Financial Crisis Stock Exchange Tendency" [Illustration]. Retrieved from Pixabay.
Enron’s Kopper Reports to Prison
Michael Kopper, once the managing director of Enron Global Finance and a top lieutenant to former chief financial officer Andrew Fastow, reported to prison on Tuesday.Kopper, who pleaded guilty to two counts of conspiracy in August 2002, was sentence last fall to 37 months behind bars. He will se...
By Stephen Taub • Jan. 31, 2007 -
geralt. "Financial Crisis Stock Exchange Tendency" [Illustration]. Retrieved from Pixabay.
Siemens Denies Bribery Allegations
German engineering giant Siemens has angrily disputed a Wall Street Journal story alleging that two Siemens executives were aware of a practice in which bribes were allegedly paid to win overseas telecommunications contracts.On Tuesday, the newspaper reported that two individuals have told German...
By Stephen Taub • Jan. 23, 2007 -
geralt. "Financial Crisis Stock Exchange Tendency" [Illustration]. Retrieved from Pixabay.
Shanghai Police Catch 22 in Bribe Probe
The English-language Shanghai Daily reported Friday that police have detained 22 people from seven companies, including McKinsey, McDonald’s, Whirlpool, and ABB, in connection with a bribery investigation in that Chinese city.Bribes totaling about 4 million yuan (slightly more than $500,000) were...
By Stephen Taub and Helen Shaw • Jan. 19, 2007 -
geralt. "Financial Crisis Stock Exchange Tendency" [Illustration]. Retrieved from Pixabay.
CTT Proxy Fight: Do We Have a Winner?
Did a dissident group win its proxy fight with Competitive Technologies (CTT), a small technology transfer and licensing provider, at Tuesday’s annual meeting?The dissidents say yes, the current board says no, and both sides continue to solicit further votes.The Committee to Restore Stockholder V...
By Stephen Taub • Jan. 18, 2007 -
geralt. "Financial Crisis Stock Exchange Tendency" [Illustration]. Retrieved from Pixabay.
Ex-Siemens CFO Questioned in Probe
The former chief financial officer of engineering giant Siemens is under investigation by German prosecutors in a bribery and embezzlement probe, according to published accounts.News agency AFP reported that Heinz-Joachim Neubuerger was questioned last week about allegations he may have known abo...
By Stephen Taub • Jan. 15, 2007 -
geralt. "Financial Crisis Stock Exchange Tendency" [Illustration]. Retrieved from Pixabay.
HP Investigator Pleads Guilty
Bryan C. Wagner, a Littleton, Colorado-based private investigator, has taken a plea deal in the Hewlett-Packard spying scandal.Appearing Friday in a San Jose federal court, Wagner pleaded guilty to one count each of conspiracy and aggravated identity theft, reported Bloomberg.“He’s just the littl...
By Stephen Taub • Jan. 12, 2007 -
geralt. "Financial Crisis Stock Exchange Tendency" [Illustration]. Retrieved from Pixabay.
Tyco’s Kozlowski Hospitalized
Former Tyco International chairman and chief executive officer Dennis Kozlowski, now serving prison time for stealing hundreds of millions of dollars from the conglomerate, has been taken to a hospital for an apparent heart problem, according to published accounts.Kozlowski, 60, was convicted in ...
By Stephen Taub • Jan. 11, 2007 -
geralt. "Financial Crisis Stock Exchange Tendency" [Illustration]. Retrieved from Pixabay.
Home Depot Changes CEO Comp Policy
Heavily criticized for the hefty pay of outgoing chief executive officer Robert Nardelli, retailer Home Depot announced Monday that it has changed the approval process for CEO compensation.Company by-laws will now require that two-thirds of independent board members approve any such compensation;...
By Stephen Taub • Jan. 9, 2007 -
geralt. "Financial Crisis Stock Exchange Tendency" [Illustration]. Retrieved from Pixabay.
Nardelli Resigns from Home Depot
Bob Nardelli, a lightning rod for criticism of The Home Depot’s stock performance during his six-year tenure, has resigned as chairman, president, and chief executive officer of the company, effective immediately.Nardelli has also drawn heat for his huge pay packages and for the way he handled la...
By Stephen Taub • Jan. 3, 2007 -
geralt. "Financial Crisis Stock Exchange Tendency" [Illustration]. Retrieved from Pixabay.
Power Play
Of all the deals in 2006, the one that touched on many of the current issues in corporate finance and governance was the pitched battle for the Dutch media group VNU. Running for over a year from the summer of 2005, the VNU saga pitted “activist” shareholders against the company’s supervisory and...
By Tony McAuley • Dec. 29, 2006 -
geralt. "Financial Crisis Stock Exchange Tendency" [Illustration]. Retrieved from Pixabay.
Feeling the Heat
Global warming is so hot that Corporate America is seeing green.About 75 percent of respondents to an October 2006 survey by The Conference Board are measuring their carbon footprint, or the amount of direct and indirect carbon their operations emit. Half of the companies — 90 percent of which ha...
By Karen M. Kroll • Dec. 28, 2006 -
geralt. "Financial Crisis Stock Exchange Tendency" [Illustration]. Retrieved from Pixabay.
Boards: CEO-picking Skills Are Lacking
Even though they identify CEO succession as a leading concern, a large number of directors admit they are not equipped to choose a new chief executive officer.About 50 percent of 1400 board members surveyed at public, private and non-profit corporations consider themselves less than effective in ...
By Stephen Taub • Dec. 13, 2006 -
geralt. "Financial Crisis Stock Exchange Tendency" [Illustration]. Retrieved from Pixabay.
HP Settles with California AG
Hewlett-Packard has agreed to pay $14.5 million to settle civil charges of pretexting with California Attorney General Bill Lockyer. Under the deal, the computer giant, which was accused of illegally accessing phone records during its probe of boardroom leaks to the media, will finance a new law-...
By Stephen Taub • Dec. 8, 2006 -
geralt. "Financial Crisis Stock Exchange Tendency" [Illustration]. Retrieved from Pixabay.
SEC Probe of HP Is Formal
Hewlett-Packard says the Securities and Exchange Commission has elevated its probe into a formal investigation to look at the processes used to explore certain internal leaks of confidential information to members of the media. In addition, the computer maker has received a request from the Feder...
By Stephen Taub • Nov. 17, 2006 -
geralt. "Financial Crisis Stock Exchange Tendency" [Illustration]. Retrieved from Pixabay.
Can You Have Your Stock and Sell It, Too?
Add a new wrinkle to the longstanding debate about the wisdom of share-repurchase programs: claims of a conflict of interest.Companies cite many good reasons for buying back shares: the practice boosts earnings per share, it sends a signal that the companyconsiders its shares undervalued, and it ...
By Randy Myers • Nov. 1, 2006 -
geralt. "Financial Crisis Stock Exchange Tendency" [Illustration]. Retrieved from Pixabay.
What Are Directors Thinking?
Most directors seem to be limiting the number of boards they serve on, lately. According to a new study conducted by PricewaterhouseCoopers LLP and Corporate Board Member magazine, nearly half of directors (47 percent) sit on only one public company board. Furthermore, 78 percent sit on just one ...
By Stephen Taub • Oct. 25, 2006 -
geralt. "Financial Crisis Stock Exchange Tendency" [Illustration]. Retrieved from Pixabay.
Marsh Changes Director Requirements
Marsh & McLennan has adopted a series of amendments aimed solely at its directors in an effort to improve the company’s governance practices. The insurance and benefits giant said directors must acquire at least $100,000 of Marsh stock within three years of joining the board. Senior executive...
By Stephen Taub • Oct. 24, 2006 -
geralt. "Financial Crisis Stock Exchange Tendency" [Illustration]. Retrieved from Pixabay.
Director Ties Linked to Options Scandal
Editor’s note:This story has been corrected and updated to reflect information brought to CFO.com’s attention by Novellus Systems Inc. in an October 25 response to The Corporate Library’s study, “The Spread of Options Backdating.”A company mired in the options backdating scandal is likely to have...
By Stephen Taub and Sarah Johnson • Oct. 19, 2006 -
geralt. "Financial Crisis Stock Exchange Tendency" [Illustration]. Retrieved from Pixabay.
Companies Could Face Charges for Spying
Last week’s congressional hearing on Hewlett-Packard’s board leaks had white-collar crime watchers wondering whether corporate spying is legal. This week, the California’s attorney general’s office may provided an answer. The attorney general is expected to seek criminal indictments against five ...
By Sarah Johnson • Oct. 4, 2006
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