Archive for July, 2008

Chairman/CEO joint-duties still prevalent

Tremendous editorial on splitting Chairman/CEO roles appears today in The Wall Street Journal written by Gary Wilson.
 
In addtion to laying out several well-founded points supporting split roles, Wilson reveals a stunning statistic of which even we were unaware:  65% of S&P 500 companies have the same person employed as both Chairman and CEO.
 
Wilson’s opinions carry added weight… he […]

The revolution is over! (oops, not yet)

Shareholder activists have won the revolution… so says today’s The Wall Street Journal.
But let’s not all fly off to Sardinia for that Kozlowski-like party yet.
A superficial article on the front cover of Section C includes some statistics about more board seats won, more resolutions adopted, etc.  But nowhere does the author stop to ask, “If, since 2006, 218 companies have […]

Icahn + MSFT = More trouble for Yang, Yahoo

Our favorite barbarian Carl Icahn has published a letter today detailing his growing relationship with Microsoft’s Steve Ballmer.
Particularly troublesome for Yahoo, Icahn noted that “several of our conversations have lasted as long as an hour.”  
The likelihood is low that Carl has been asking Steve about the Windows XP Service Pack 3 patch.  It’s rather high that Carl and […]

Anheuser-Busch targeted for proxy fight

InBev NV will file papers with the SEC today to set in motion a fight for control of Anheuser-Busch’s board.
For more from Reuters, click here.