Archive for the 'My big fat deal' Category

The publishing world buzzed at Meredith Corporation’s (MDP) August 2 announcement that John H. (Jack) Griffin, Jr., the President of its National Media Group, was leaving four days later “to pursue another opportunity.” News leaked – even before an official announcement was made – that Time Warner, Inc. (TWX) had tapped Griffin to become Time, [...]

Maybe it’s something in the water? A couple of days ago, we reported the multi-million dollar departure of an executive from a Bermuda-based energy company. Today’s post – about a different company headquartered on the tiny island – also involves a send-off worth millions of dollars. On August 26, AXIS Capital Holdings Ltd. (AXS) filed [...]

We don’t hesitate to call companies out for giving former directors and executives lush consulting contracts. Look no further than Northrop Grumman, Acxiom and Boeing, among others. Now we come across a consulting contract we might even like: One filed with an 8-K on Tuesday by International Rectifier (IRF), a maker of power-management semiconductors in El [...]

Just over a month ago, Energy XXI (Bermuda) Limited (Nasdaq: EXXI) announced a management realignment.  Headquartered in Bermuda with an office in Houston, the company’s stated goal is to “acquire and exploit producing oil and gas reserves,” primarily in the Gulf of Mexico. Characterized as a “streamlining of the organization,” the management realignment included the [...]

When United Airlines (UAUA) and Continental (CAL) were rumored to be tying up, we took a look at the sweet change-in-control benefits that United executives stood to receive. After some brouhaha, it was announced that United’s chairman and chief executive, Glenn Tilton would forego big chunks of that, which got a little attention as well. [...]