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Sometimes balancing the push for transparency and the push for investor protection can yield some strange results. Take, for example, the 8-K filed yesterday by American International Group. In it, AIG discloses details of a global offering of shares proposed for listing its AIA Group Ltd. on the Stock Exchange of Hong Kong. The much-anticipated [...]
When we write about executive compensation, it’s usually for the free blog: People love reading about it, and while executive pay can tell you a lot about a company, it’s rarely something you can build an investment thesis around. Sometimes, however, a compensation change is so far-reaching that it has the potential to reshape the [...]
In 2008, AIG took a lot of heat for some of its free-spending practices at a time when the company was relying on the government for billions in bailout money. So this past September the company came out with a 5-page “luxury expenditure policy” that addressed some of the key areas of abuse like corporate [...]
We were expecting a big dump on both Wednesday afternoon and again on Friday. Something good and juicy from some big-name company hoping to get lost in the Thanksgiving frenzy! Boy were we disappointed! According to the folks at SEC Watch, Fortune 1000 companies only filed 32 8Ks on Thursday and only 7 on Friday. [...]
As footnoted regulars know, Friday night is when the best stuff is dumped at the SEC. One of the last filings to come in this past Friday was this 8K filed by American International Group (AIG). The filing focuses on the new Special Master for Compensation rules that we footnoted last week. This Bloomberg story [...]
