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Here at footnoted, we work for our founding editor, Michelle Leder. And as a tiny outpost of Morningstar Inc., of course, we all ultimately work for founding Chairman and Chief Executive Joe Mansueto. It’s safe to say that we’re happy working for a couple of enterprising visionaries like Joe and Michelle. (Hi, guys!) But a [...]
On Friday morning, we noted that the U.S. Senate had passed a bill requiring, among many other things, that candidates for corporate boards tender their resignation if they failed to get a majority of votes cast by shareholders. Little did we know at the time, but Cablevision Systems (CVC) was busily preparing to beam us [...]
One might think — OK, perhaps hope — that after going through the grind of bankruptcy and emerging relatively unscathed, that the executives at a particular company might feel a wee bit chastened, perhaps even cautious about how things could look to others. But that’s not exactly the case at Pilgrim’s Pride (PPC), which is [...]
Las Vegas has done a lot over the years to spiff up its image. But one thing it hasn’t quite been able to shake: The picture of the casino exec living large on the shareholder’s dime. Last week we looked at MGM Mirage (MGM) and its lavish pay for lackluster performance. This week, we turn [...]
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 [...]
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