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News of the $1 million settlement Office Depot (ODP) has entered into with the Securities and Exchange Commission came with something of a wave of nostalgia for us here at the footnoted global campus. The feds, of course, accused the office-supply giant of giving analysts a wink and a nod in 2007 to let them [...]
SUPERVALU Inc. (SVU) announced this summer that its chief financial officer of 13 years, Pamela Knous, would step down to pursue other career interests. With a name like SUPERVALU — and with a chain named Shop ‘N’ Save, in addition to the more prosaic names like Albertson’s and Jewel-Osco — you’d expect a bargain send-off. Or [...]
It’s been busy over at Chesapeake Energy (CHK), the winner last year of our annual worst footnote of the year contest: Teaming up with the Chinese, losing a chief financial officer (but gaining a joint-venture president), and even winning the battle of the corporate bands. Foremost, of course, is the news that Cnooc Ltd., the [...]
Foreign languages offer so many great daydreams… the fantasy of ordering lunch in fluent French at a small bistro in Dijon, perhaps, or imagining yourself sharing a laugh with the clerk who just sold you a ticket at the train station in Stuttgart. We don’t know if Stephen Swad thinks like we do or not, [...]
What’s it worth to Weatherford International (WFT) to keep its chief financial officer happy? About $7.25 million, from the looks of the 8-K it filed late yesterday. Weatherford’s compensation consultants and attorneys have been having a busy couple years of it. Worried about unspecified tax concerns, the company froze its executive pension as of late [...]
