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Careful readers of footnoted — the type of folks who revel in reading the fine print — might have noticed that I haven’t been writing lately, even though if you Google footnoted you’ll see that it’s called “Michelle Leder’s Guide to What’s Hiding in SEC filings”. That’s because I had a baby boy — his [...]
It’s been a while since we’ve looked at Chesapeake Energy Corp. (CHK), where the past few years’ events have been decidedly more exciting for some (CEO Aubrey McClendon and the NEOs come to mind) than for others (read: shareholders). Last Friday, Chesapeake filed its annual proxy, so it seemed like a good time to check in [...]
Three years ago, we “awarded” Aaron’s (AAN) the highly prestigious footnote of the year for its disclosure that it had spent $260K to sponsor two race car drivers who happened to be related to a top Aaron’s executive. Last year, that number blossomed to $1.6 million and the executive — Bill Butler Jr. — is [...]
Yesterday, Mesa Air Group (MESA) announced that it was filing for Chapter 11. Here’s a snip from a statement made by Chairman and CEO Jonathan Ornstein in yesterday’s press release: “Over the past two years, we have worked closely with our lessors, creditors and other constituents to restructure our financial obligations. These efforts have led [...]
Each year at this time of year, we try to come up with the worst footnote of the year — the one that rises above the rest. For the past two years, in the spirit of Web 2.0, we’ve asked footnoted readers to cast their votes and this year, we’re continuing that tradition by asking [...]
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