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The shareholders of IAC/InterActiveCorp. (IACI) may still be celebrating the 22 percent jump in first-quarter revenues (announced April 26), but we were more interested in the proxy that the company filed late last week. First is an update on Gregory Blatt, who – despite being named chief executive on Dec. 1, 2010 – is still “second [...]
In its discussion of executive pay in the proxy it filed on Friday, tool giant Stanley Black & Decker (SWK) hits many of the right notes, including this one: “As a general rule, the Company does not believe it is necessary for the attraction or retention of executive talent to provide our executives with a [...]
Other publications have reported the nearly $29.62 million in total compensation that Robert Iger, the CEO/President of The Walt Disney Co. (DIS), got for FY 2010, as well as the company’s explanation for showering him with so much money. According to the Associated Press (which excluded changes in the present value of Iger’s pension benefits), [...]
Definitions can be so pesky, especially when you’re curious about what a company meant by a particular word. The word “limited” appeared several times in the proxy that The Dress Barn, Inc. (DBRN) filed Nov. 18, but it was one particular use that caught our attention. The context was the Executive Perquisites section on p. 56, where [...]
While reading the proxy that McKesson Corporation (MCK) filed June 21, we found ourselves scouring the document for evidence of a new executive position – the Chief Horticultural Officer. Our suspicion is that this elusive scientific genius somehow managed to transform the pachira aquatica (commonly called a “money tree”) into the real thing. Why? Well, [...]
