Morningstar ®

Footnoted is now part of Morningstar

  Text Size:   A A A

Archive for the 'incentive compensation' Tag

Cracker Barrel dishes up the comp…

Tuesday, October 19th, 2010

Walk into a Cracker Barrel and you may feel like you’ve traveled back in time. Cracker Barrel Old Country Store, Inc. (CBRL) creates that nostalgic feeling by selling sturdy wooden rocking chairs, retro toys, and old-fashioned candies such as Valomilks. Personally, we go for the reasonably-priced comfort food, which is consistently good. Judging from the proxy [...]

Making a play to keep the CEO at Federal Realty …

Wednesday, October 13th, 2010

There’s pay for performance — a good thing, generally, we tend to think. Then there’s throwing buckets of money at a guy. At Federal Realty Investment Trust (FRT), a big real-estate investment trust managing more than 18 million square feet of retail space, Chief Executive Donald C. Wood is certainly poised to get the bucket. [...]

Pulling back the veneer on Ethan Allen’s proxy…

Tuesday, October 12th, 2010

One doesn’t generally associate Ethan Allen Interiors, Inc. (ETH) with the concept of “sacrifice,” so we were surprised when we read the company’s October 7 proxy and learned about an ostensible sacrifice by the company’s executives. On closer inspection, though, the move strikes us as a metaphorical veneer carefully glued on top of some less attractive [...]

The heyday in Payday at Dollar Financial…

Tuesday, October 5th, 2010

There’s a lot of money to be made from making payday loans, as we learned by reading the preliminary proxy (Schedule 14A) that Dollar Financial Corp. (DLLR) filed last week. It gave us a glimpse of just how profitable the business is for the executives at the top. First, we looked at the comp package paid [...]

Former Airvana exec waits for the right job…

Thursday, September 23rd, 2010

Amid the flurry of executive departures this year, sometimes it takes a few weeks or months before an executive makes his next career move. In mid-March, we wrote about Airvana, Inc.’s merger proxy, which the company filed as it prepared to become a privately-held company.  That deal produced some mind-boggling payouts to its officers and [...]