Topic: ESG

— 3485 items —

Reverse allowances…
March 31, 2004—Usually, it’s dad who helps out Junior at most companies, steering business, signing a key contract or just providing a job. But at Stewart (STC) , the large title company, it’s the other way around, according to the recent proxy. The two co-chief executives, Stewart Morris Jr. and Malcolm Morris, who are first cousins, gave […]

No gold watch here…
March 29, 2004—Remember when someone would retire and get the proverbial gold watch? Not anymore. When CR Bard’s (BCR) former Chairman and CEO, William Longfield, stepped down in August, he was able to pay $1 for his company owned car. But that’s really just the frosting on the cake: Longfield, who is 65 and remains on the […]

Three more years!
March 24, 2004—Cablevision (CVC) has signed another 3-year consulting contract with director John Tatta. Under the agreement, Tatta, the company’s former president and chief operating officer who retired 12 years ago, will receive $350,000 a year for the next 3 years according to his contract in the recent K. That’s in addition to the $50,000-plus he receives […]

Bottle this and sell it…
March 19, 2004—With all the bloat buried in the latest round of SEC filings, particularly when it comes to sweetheart retirement deals for top execs, it’s so nice to find a former CEO who’s actually not milking his employer! Because it is pretty rare, it’s almost like a classic man bites dog story. Pfizer’s (PFE) recent proxy […]

From the ridiculous to the sublime…
March 12, 2004—The 3 pages devoted to related party transactions in the proxy filed yesterday by Coca-Cola Enterprises (CCE) was quite an interesting mix: there was everything from millions moving between the company and Coca-Cola Co. (KO) , which owns about 37% of CCE’s stock, to the $115,000 paid last year to utility AGL Resources, whose CEO […]

Better late than never?
March 8, 2004—Mercury Air Group (MAX) recently disclosed that its Chairman of the Board, Dr. Philip Fagan Jr. has an annual consulting contract that pays him $350,000 for his services. The only problem is that the contract has been in place since July 2000. Another interesting tidbit about that salary: it’s paid to a company called CFK […]

Hat trick…
March 1, 2004—The proxy that Novell (NOVL) filed on Friday reveals some pretty unhappy shareholders, including Ca l P E R S , the large California pension fund that has long been active in shareholder issues. This year, there are 3 proposals compared with last year when there was none. CalPERS’ proposal would require the board of […]

Cruising!
February 26, 2004—Not to begrudge someone a comfy retirement in their old age, but the $166,557 per month that Carnival PLC (CUK) plans to pay Holland America CEO A. Kirk Lanterman for 15 years once he retires seems a tad bit excessive, no? That’s just shy of $2 million a year. Sure, Lanterman, 72, who is up […]

The pressure is on…
February 19, 2004—Earlier today, the International Accounting Standards Board announced that it planned to require European companies to start expensing stock optionsnext year. For American investors, the IASB’s decision is likely to give FASB the strength to stand up to opponents of expensing stock options in this country, primarily all the tech companies that treat options like […]

Pay NO attention to this…
February 17, 2004—Though SBC Communications’ (SBC) preliminary proxy statement was just filed on Friday, it’s already been buried by all the hoopla surrounding the $41 billion Cingular/AT&T Wireless deal. Coincidence? Probably not, since the last time SBC filed a preliminary proxy was back in 1998, when it was clinching a deal to buy SNET. SBC owns 60% […]