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It has been a heady few months for Polo Ralph Lauren Corp.’s (RL) shareholders, with the stock price up almost 64% from its trading price a year ago and the quarterly dividend, declared just last week, at 20 cents a share, twice last year’s amount. But things are looking pretty rosy for Ralph Lauren and his [...]
When Unilever (UN) announced on Sept. 27 that it planned to buy Alberto Culver (ACV) for $3.7 billion cash (which would pay investors $37.50 per share), CEO Paul Polman opined that the acquisition provides strategic organic growth opportunities for the Netherlands-based company and its various divisions. Hopefully that’s true, but the deal will yield a pretty nice [...]
Here at footnoted, we work for our founding editor, Michelle Leder. And as a tiny outpost of Morningstar Inc., of course, we all ultimately work for founding Chairman and Chief Executive Joe Mansueto. It’s safe to say that we’re happy working for a couple of enterprising visionaries like Joe and Michelle. (Hi, guys!) But a [...]
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 we posted on Nov. 12 about the flurry of margin calls at Boston Scientific Corp. (BSX), there was no way to know that the pace of involuntary stock sales would continue. As a historical recap: Michelle noted in her post last week that company co-founders Peter Nicholas and John Abele sold off over 30 [...]
