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Last week, Barron’s reporter Eric Savitz was mystified by the sudden stock price surge in storage and data management solutions provider NetApp (NTAP). Apparently there have been persistent market rumors that Cisco (CSCO) or IBM (IBM) might make a play for the Company. Cowen & Co. analyst Louis Miscioscia addressed the rumors, saying that an [...]
Some say any publicity is good publicity, but the folks at Morgans Hotel (MHGC) may disagree. Since former CEO Edward Scheetz was associated with a young woman’s unfortunate death last year, Morgans has been in the press’s sights. When Morgans was footnoted here in December for agreeing to spend $30K per month on NYC digs [...]
In its proxy filed Friday, General Dynamics (GD) assures us its executive perks are reasonable because they “benchmark” them against “generally accepted corporate practices.” But as Footnoted readers know, generally accepted corporate perk practices might be described as “anything goes.” Applying GD’s logic, I may start “benchmarking” my own behavior against whatever Britney Spears is [...]
Yesterday, Coach (COH) announced that President and Chief Operating Officer Keith Monda would be stepping down at the end of June and that Limited Brands (LTD) executive Jerry Stritzke would be succeeding him. The release also noted that Reed Krakoff, Coach’s creative director, was extending his contract for another three years to 2014. What the [...]
In the past, Michelle has noted how nice it is to be a Vice Chairman. Another pleasant position is Chairman Emeritus –”emeritus” being the Latin term for ‘coasting on one’s past performance.” So former Electronic Data Systems (EDS) Chairman and CEO Michael Jordan is a lucky fellow. Per this letter agreement filed Wednesday with the [...]
