Topic: ESG

— 3485 items —

Gold star Fridays…
January 14, 2005—On a day when the New York Times points out in a front page story that the movement to reform corporate governance is losing momentum, I thought it would be nice to bring back Gold Star Fridays. Hard to believe that it’s been about six months since I’ve pointed out something positive buried deep in […]

A post-mortem payday…
December 13, 2004—When you read the SEC filings as regularly as I do, you come across all sorts of crazy names that companies use to describe various payments to top executives. But last week, I stumbled across a new one: a death retention bonus. Retention bonuses, which have become increasingly popular, are theoretically used to keep an […]

A heart-warming tale…
December 7, 2004—Several executives at Endocardial Solutions (ECSI), which makes a diagnostic tool for detecting fatal heart rhythms, stand to clean up once the acquisition by St. Jude Medical (STJ) is consumated. In the proxy filed last week, the company disclosed numerous ways that its top executives will benefit from the deal announced in September. For example, […]

Going nuclear…
November 23, 2004—USEC Inc. (USU), which sells low-grade enriched uranium announced last week that general counsel Timothy Hansen was leaving the company to pursue a career as a public prosecutor. But Hansen, 40, will be leaving for public service with quite a nest egg. Omitted from the press release were the terms of Hansen’s severance agreement, which […]

Hot lunch…
November 16, 2004—How much does a decent lunch cost in Newark, N.J.? A company owned by IDT Corp. Chairman Howard Jonas’ son, Samuel, collected $908,000 from his father’s company for providing an on-site cafeteria at the company’s Newark headquarters as well as related catering services, according to the company’s recent proxy. That’s a significant jump from the […]

Sending in the repo-man?
October 6, 2004—Back in the days when companies used to extend virtually unlimited lines of credit to their top executives, a company called New Focus (NUFO), which was acquired earlier this year by Bookham (BKHM) lent CEO Kenneth Westrick $8 million. Westrick left the company in October 2001, a few months after getting the loan and repaid […]

It’s hard work…
October 5, 2004—Not to co-opt a phrase from last week’s Presidential debates, but being a director at a publicly traded company is hard work. There’s lots of meetings (well, at least a few, anyway) and things to read that are often filled with numbers. Fortunately for its overworked directors, Cisco Systems (CSCO) has finally recognized how hard […]

Like the NFL, but different…
September 27, 2004—Lucrative signing bonuses are usually reserved for 21 year-old college kids headed to the NFL. But it’s becoming increasingly common for new CEO’s to get bonuses like that too. Take Drugstore.com (DSCM) , which last week announced that it had lured Dawn Lepore away from Charles Schwab (SCH). Lepore, who will take over as CEO, […]

The fox and the henhouse…
September 20, 2004—Krispy Kreme (KKD) , the former Wall Street darling, has been under the gun lately over a series of accounting issues. The SEC is poking around and the company recently disclosed in its Q that its accounting firm, PricewaterhouseCoopers, was unwilling to sign off on its most recent financials until an internal investigation had been […]

Isn’t it beautiful?
September 14, 2004—Cosmetics giant Estee Lauder (EL)has handed its former CEO a lucrative consulting contract, according to an exhibit in the company’s recent K, one that appears to renew in perpetuity. Fred Langhammer, 60, who also resigned as a board member on June 30, will receive $500,000 a year to serve as Chairman, Global Affairs, a new […]