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When companies pay to remediate environmental problems, it’s a long and costly process. Several companies’ recent filings included updates about environmental issues (other than Deepwater, which we’ll continue to write about separately); here are some of the more notable ones: Exxon Mobil Corporation (XOM) recently settled two environmental cases, according to its 10-Q. In the first [...]
The 10-Q that Viacom, Inc. (VIA) filed August 5 was just the reminder we needed to tell you about a juicy agreement that was signed several weeks ago. The document in question is the May 27, 2010 Employment Agreement between Viacom and Thomas Dooley; it’s Exhibit 10.1 to the 10-Q. (Viacom actually first disclosed its [...]
If you’re in Princeton, New Jersey, anytime soon, swing by the Hyatt Regency Princeton. With the Hyatt Hotels (H) quarterly report filed yesterday, it has become a symbol of the financial crisis — and of a some stark contrasts between business and personal debt in the U.S. Like households across the country, one of Hyatt’s [...]
Transocean (RIG) got some press yesterday for the $267-million gain it recorded from an insurance settlement for the Deepwater Horizon, its drilling platform in the Gulf of Mexico that burned and sank after the well it was drilling blew on April 22. It also announced net income of $715 million. But deeper in the company’s [...]
The quarterly report that Comverge, Inc. (COMV) filed July 30 left us hoping that the company’s attorneys, accountants, and especially Steve Moffitt, its Executive Vice-President of Engineering and Operations, all have good senses of humor. We chuckled at Exhibit 10.5 to the Q, the company’s Executive Employment Agreement with Moffitt. Once you get past the standard provisions [...]
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