Another potential major proxy fight on our hands? Perhaps.
Take-Two’s chairman Strauss Zelnick proudly declared yesterday, “Electronic Arts’ proposal provides insufficient value to our shareholders and comes at absolutely the wrong time given the crucial initiatives under way at the company.” $26 per share is not enough. In other words, Strauss must think the entire stock […]
Jeff Nash over at Financial Weekly has a great feature today on renown shareholder activist Bob Monks.
Monks, 74, has recently come out with a new book, Corpocracy, targeting executive compensation practices at public companies.
Nash’s feature takes a shot at the Business Roundtable, plugs for Barack Obama, and playfully digs at Monks for his ties to Tyco ex-CEO Dennis […]
Hold your horses…
Carl Icahn is ready to blog.
The old-fashioned barbarian will be typing out his thoughts on unperforming companies, excessive pay, and everything else that disgruntles him in a soon-to-be ready blog on his Icahn Report website.
Jeffrey N. Gordon has released a draft of his forthcoming paper titled Proxy Access in an Era of Increasing Shareholder Power: Forget Issuer Proxy Access and Focus on E-Proxy.
A bit dry reading for one sitting, but his abstract, as published at The Harvard Law School Corporate Governance Blog, provides salient points:
The current debate over shareholder […]
Yesterday’s report about the SEC’s letters chiding corporations about corporate pay disclosure may finally signal a victory for corporate governance activists. This victory – any victory – has been a long time coming.
Since the passage of Sarbanes-Oxley, corporate governance activists have had little to cheer about. There have been many fights along the way, […]
Kudos to the SEC, who marked the opening month of proxy season by admonishing many firms for failing to provide enough information on executive compensation. Specifically, the SEC is scrutinizing bland descriptions and generalizations made all too often by publicly-traded companies.
For further reading, see The Wall Street Journal’s piece here.
