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There’s an H&R Block (HRB) office not too far away from world headquarters and while it’s closed right now (as many of their offices probably are off-season), it would be tempting to go there one day and talk about tax gross-ups, like the kind offered to their new CEO, Alan Bennett. Though H&R Block announced [...]
Now that Dell (company and founder alike) has settled with the Securities and Exchange Commission, no doubt investors and management will forge ahead. But we want to take one moment to look back — not to the sordid accounting gimmicks and misleading disclosure laid out in the SEC’s case, but rather to Dell’s disclosures about [...]
In 1973 – two years before Microsoft (MSFT) was founded – Peter Karmanos, Jr., Thomas Thewes and Allen B. Cutting started Compuware Corporation (CPWR). It went public in 1992 and now has a market cap of $1.89 billion. Headquartered in downtown Detroit, it occupies a sleek building with 1.1 million square feet spread over 15 [...]
It usually isn’t seemly for managers to look like they’re treating a public company like their personal fiefdom (or trough). But when a company is still headed by its founder, and where that founder still holds a significant chunk of the shares, are giant paychecks more tolerable, short of outright exploitation? These questions came to [...]
When a chief executive’s contract is renewed, we tend to see pay rise, perks expand and change-in-control provisions become more generous. So we admit to being a little surprised when we saw the new agreement City National (CYN) inked with its chairman and CEO, Russell Goldsmith. The agreement was disclosed in an 8-K filed on [...]
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