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If you’ve ever wondered what it would look like if the management of a company imploded, look no further than Dynegy (DYN), the electric utility that, once, kept company with the likes of Enron (in everything from the go-go energy bubble it burst, to allegations of price manipulation in California in 2000). In recent months, [...]
There’s long been an air of mystery surrounding the top echelon at Goldman Sachs (GS) — its so-called “partners,” a hold-over from the days before the company was publicly traded — including just who is a member at any given time. Now, thanks to a joint footnoted/New York Times analysis, we know just how male, [...]
It’s a bizarre fact of American business that directors can stay on corporate boards for years after shareholders have resoundingly rejected them in an annual vote. (As we footnoted here, just look at Cablevision) So we were at first happy to see that Costco (COST), the giant warehouse-store chain, had modified its bylaws to require [...]
As complex and controversial as corporate governance issues can be, the conventional wisdom seems to have coalesced around certain topics in “good governance” circles: Separating the chairmanship from the chief executive’s job is generally seen as a good thing. Eliminating supermajority voting requirements is usually cheered. And board members should be elected annually, without the [...]
