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As far as we can tell, no one keeps formal track of director departures from corporate boards, much less those that occur amid public words of disillusionment and chastisement. So let us take an informal stab at it: Through the first half of 2010, we here at footnoted have logged at least four noisy director [...]
For most everyone other than the investors who hold them and the entities that issued them, the auction-rate securities mess seems long past. For investors and issuers, far from it. Now, some investors are widening one of the the latest fronts in the struggle: Proxy battles. Yesterday, two filings show some investment managers are still [...]
We’ve been following the dramatic resignation of Regina Herzlinger, the Harvard health-care accounting and management guru, from the board of WellCare Health Plans (WCG), the Medicaid and Medicare managed-care company that has struggled with a variety of regulatory issues. Herzlinger headed the board’s audit committee, and in departing on April 23, fired off a stinging [...]
