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There are several good articles today (such as this one and that one) about the executive compensation changes and the NEOs’ personal plane usage at Ford Motor Co. (F), so there’s no need to rehash either of those subjects. Instead, the topic that caught our attention in the preliminary proxy that Ford filed this morning [...]
Three years ago, we footnoted about Aaron Rent’s (RNT) sponsorship of two race car drivers who happened to be sons of a senior executive, Bill Butler, Jr. That year, the company spent about $260K on the program, which prompted me to award Aaron’s footnote of the year for 2006. Fast forward three years to the [...]
We don’t normally write posts in letter format. But we were inspired to do so by the two letters that Martha Stewart Omnimedia (MSO) added to its recent proxy statement. The letters — one from Executive Chairman Charles Koppelman, Co-CEOs Wenda Harris Millard and Robin Marino and a second from Martha Stewart — were so [...]
Yesterday, Movado (MOV) announced that its longtime Chairman and CEO, Gedalio Grinberg, had died on Sunday, which reminded me of this agreement that we spotted in an 8K filed just before the Christmas break when all sorts of stuff was buried. While it’s fairly common to include survivor benefits, especially for a founder of a [...]
Earlier this week, Barrington Capital and Newcastle Partners sent this letter to Dillard’s (DDS) asking to inspect the company’s records and books, including board minutes, corporate jet records and records related to transactions with various members of the Dillard family. The letter was virtually identical to this one sent back in March. While the story [...]
