Risk: Page 23
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geralt. "Financial Crisis Stock Exchange Tendency" [Illustration]. Retrieved from Pixabay.
Inside the Chamber
From his office on the fourth floor of the U.S. Chamber of Commerce building in Washington, D.C., Thomas Donohue commands a grand view of Lafayette Park, abloom with flowers, and, beyond that, glimmering in the sun, the White House. On his desk, Donohue keeps a blunt reminder of what it takes to ...
By P.B. Gray • June 1, 2006 -
geralt. "Financial Crisis Stock Exchange Tendency" [Illustration]. Retrieved from Pixabay.
TV Azteca Execs Propose Settlement
TV Azteca, Mexico’s second-largest broadcaster, has proposed a settlement to a Securities and Exchange Commission lawsuit filed last year over allegations of improper self-dealing.The SEC lawsuit was the first brought under Sarbanes-Oxley against an executive of a foreign company, reported The Wa...
By Stephen Taub and Dave Cook • May 30, 2006 -
geralt. "Financial Crisis Stock Exchange Tendency" [Illustration]. Retrieved from Pixabay.
Fannie Changes Audit Committee Chair
The Federal National Mortgage Association (FNMA, or Fannie Mae) has replaced the head of its audit committee.Dennis Beresford, a former chairman of the Financial Accounting Standards Board, will join the embattled mortgage finance company as a director and as audit committee chairman.He succeeds ...
By Stephen Taub • May 22, 2006 -
geralt. "Financial Crisis Stock Exchange Tendency" [Illustration]. Retrieved from Pixabay.
Majority Voting Picking Up Steam
As the proxy season winds down, majority voting was very clearly one of the hottest issues.According to Claudia Allen of law firm Neal, Gerber & Eisenberg, who updated a study she first published in February, at least 20 majority-vote proposals passed during the 2006 proxy season, 16 of them ...
By Stephen Taub • May 19, 2006 -
geralt. "Financial Crisis Stock Exchange Tendency" [Illustration]. Retrieved from Pixabay.
Raytheon Chief Penalized for Plagiarism
Raytheon chief executive William Swanson is paying a hefty price for committing plagiarism.The world’s largest maker of missiles announced on Wednesday that it would not raise Swanson’s salary above its 2005 level, and will reduce the amount of restricted stock for which he is eligible in the com...
By Stephen Taub • May 3, 2006 -
geralt. "Financial Crisis Stock Exchange Tendency" [Illustration]. Retrieved from Pixabay.
Proxy Fight Shakes Up Motient Board
The latest twist in the Motient Corp. proxy battle is the imminent exit of five of the company’s 10 directors.Officials at the company, which provides two-way wireless communications, announced that the five board members will not stand for re-election at this year’s annual meeting. The meeting h...
By Stephen Taub • May 3, 2006 -
geralt. "Financial Crisis Stock Exchange Tendency" [Illustration]. Retrieved from Pixabay.
UnitedHealth Overhauls Governance
UnitedHealth Group Inc., whose board of directors is facing a shareholder revolt at its May 2 annual meeting as a result of the $1.6 billion in stock options held by chairman and CEO William McGuire, has announced a slew of corporate-governance changes.“These changes represent substantial further...
By Stephen Taub • April 28, 2006 -
geralt. "Financial Crisis Stock Exchange Tendency" [Illustration]. Retrieved from Pixabay.
Pfizer Board Survives Protest Vote
In a much-followed vote, shareholders Thursday rejected recommendations by two proxy advisory firms that they withhold votes for outside directors at Pfizer. The recommendations were made in response to the board’s approval of a retirement package for its chief executive officer that has been val...
By Stephen Taub • April 27, 2006 -
geralt. "Financial Crisis Stock Exchange Tendency" [Illustration]. Retrieved from Pixabay.
Six Companies in Calpers Cross-hairs
The California Public Employees’ Retirement System (Calpers), the nation’s largest pension fund, announced its annual focus list of companies that it says must improve their financial performance and governance practices.“The stock performance and governance of these companies is unacceptable to ...
By Stephen Taub • April 20, 2006 -
geralt. "Financial Crisis Stock Exchange Tendency" [Illustration]. Retrieved from Pixabay.
Ben & Jerry’s Ex-CFO Sent to the Cooler
A former chief financial officer for Ben & Jerry’s Homemade, a maker of premium ice cream, will be getting a taste of life behind bars.Stuart Wiles, who served as CFO from May 2000 to May 2004, was sentenced to 27 months in prison and two years of supervised release after embezzling nearly $3...
By Stephen Taub • April 19, 2006 -
geralt. "Financial Crisis Stock Exchange Tendency" [Illustration]. Retrieved from Pixabay.
Let the Comp Wars Begin
Today is the deadline for sending comments to the Securities and Exchange Commission on its plan to revamp the reporting of executive compensation. Expect some heated horse-trading to start tomorrow and last until the commission’s final decision on the new rules expected later this year.The wrang...
By David Katz • April 10, 2006 -
geralt. "Financial Crisis Stock Exchange Tendency" [Illustration]. Retrieved from Pixabay.
Following the Code
When it comes to making sure the corporate code of conduct is followed, executives at Textron Inc. rely on good old-fashioned trust — sprinkled with some checks and balances and formal feedback tools such as surveys and focus groups.Having a corporate code of conduct in place these days is a give...
By Esther Shein • March 31, 2006 -
geralt. "Financial Crisis Stock Exchange Tendency" [Illustration]. Retrieved from Pixabay.
Attitude Adjustment
You might never guess from the headlines, but deep down, the ethical attitudes of American businesspeople are improving, according to a new study by five Baylor University professors.“Ethical Attitudes in Small Businesses and Large Corporations,” published recently in the Journal of Small Busines...
By Helen Shaw • March 31, 2006 -
geralt. "Financial Crisis Stock Exchange Tendency" [Illustration]. Retrieved from Pixabay.
Majority Rules?
Corporate executives and investors got a glimpse of how one of the hottest issues of the 2006 proxy season may play out following the defeat of three majority voting resolutions last week. The trio of resolutions to change the way board elections are held were submitted by shareholders of Analog ...
By Marie Leone • March 24, 2006 -
geralt. "Financial Crisis Stock Exchange Tendency" [Illustration]. Retrieved from Pixabay.
TV Guide CEO Liable For Fraud
The former chief executive officer of Gemstar-TV Guide Inc. was found liable for securities fraud stemming from his role in the company’s accounting scandal, according to the Associated Press, citing a ruling unsealed Monday in a regulatory lawsuit.Former CEO Henry C. Yuen was accused of inflatin...
By Stephen Taub • March 21, 2006 -
geralt. "Financial Crisis Stock Exchange Tendency" [Illustration]. Retrieved from Pixabay.
I Am Joe’s Conscience
When the Ethics Officer Association held its first meetings in Waltham, Massachusetts, in 1992, there were 19 members. A decade later, the group of corporate-ethics officers had grown to 600. Today, thanks to financial scandals and regulatory reform, says executive director Keith Darcy, the recen...
By Norm Alster • March 15, 2006 -
geralt. "Financial Crisis Stock Exchange Tendency" [Illustration]. Retrieved from Pixabay.
Executive Loans Can Run Both Ways
The Sarbanes-Oxley Act of 2002 may have outlawed loans by companies to their executives, but it says nothing about loans that are headed in the other direction.That unusual situation arose last month when chief financial officer Robert P. Dowski extended his company, Washington, D.C.-based Allied...
By Lisa Yoon • March 6, 2006 -
geralt. "Financial Crisis Stock Exchange Tendency" [Illustration]. Retrieved from Pixabay.
Wanted: Wal-Mart Global Ethics Czar
Wal-Mart Stores Inc. wants to hire a director of global ethics. And it looks as if a finance type would have an inside track for the job.Among the requirements for the post listed in an online job description, candidates must have “a preference for training or expertise in accounting, audit, fina...
By Stephen Taub • March 3, 2006 -
geralt. "Financial Crisis Stock Exchange Tendency" [Illustration]. Retrieved from Pixabay.
Shareholders Gaining Proxy Power
As public companies increasingly adopt tougher voting standards for board election, corporate executives should expect to see the balance of power tip toward shareholders this proxy season.Indeed, corporate directors who aren’t sanctioned by investors will likely encounter tougher sledding now th...
By Marie Leone • March 3, 2006 -
geralt. "Financial Crisis Stock Exchange Tendency" [Illustration]. Retrieved from Pixabay.
SEC Staff Not Wearing the Green
Over the next few months, more and more senior executives and boards might find themselves pleasantly surprised by the responses they get from the Securities and Exchange Commission to their applications to jettison certain shareholder resolutions from proxy filings.That’s because an SEC clarific...
By Marie Leone • Feb. 28, 2006 -
geralt. "Financial Crisis Stock Exchange Tendency" [Illustration]. Retrieved from Pixabay.
XM Director Resigns, Cites “Crisis”
XM Satellite Radio Holdings Inc. director Pierce Roberts has resigned from the company’s board, citing “a significant chance of a crisis on the horizon,” according to a regulatory filing.In a letter fired off to chairman Gary M. Parsons, Roberts did not elaborate on the nature of the crisis, but ...
By Stephen Taub • Feb. 16, 2006 -
geralt. "Financial Crisis Stock Exchange Tendency" [Illustration]. Retrieved from Pixabay.
Buffett to Leave Coke Board
Warren Buffett is leaving Coca-Cola Co.’s board of directors.The Oracle of Omaha informed Coca-Cola that he does not intend to stand for re-election at the upcoming annual meeting, according to a company statement.Reportedly, Buffett cited the increased demands on his time resulting from Berkshir...
By Stephen Taub • Feb. 14, 2006 -
geralt. "Financial Crisis Stock Exchange Tendency" [Illustration]. Retrieved from Pixabay.
Greenberg Company Sues AIG
Maurice “Hank” Greenberg and his insurance company are locked in a legal battle with American International Group Inc., the insurance company he had served as chief executive officer and built into a global giant, over who controls privately owned C.V. Starr and Co.On Friday, reported The Wall St...
By Stephen Taub • Jan. 30, 2006 -
geralt. "Financial Crisis Stock Exchange Tendency" [Illustration]. Retrieved from Pixabay.
Globalization for Reporting Guidelines?
The ultimate government consortium, the United Nations, is planning to use the power of some of the world’s largest financial institutions to persuade companies to change their financial statements — or face the threat of divestment or ratings downgrades.Under several initiatives, the world body ...
By Thomas M. Kostigen • Jan. 25, 2006 -
geralt. "Financial Crisis Stock Exchange Tendency" [Illustration]. Retrieved from Pixabay.
How Much Are We Paying Our People?
Earlier this month the Securities and Exchange Commission proposed guidelines for executive-compensation disclosure, but like many observers, corporate boards saw it coming years ago. Indeed, in the past year or two, boards have increasingly enlisted independent consultants to help them analyze t...
By Lisa Yoon • Jan. 20, 2006
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