Tag: PR Spin

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How now Brown shoe?
May 30, 2012—One of our favorite sports here at footnoted is reading between the lines of press releases, especially those that announce the comings and goings of top executives. While we’ve yet to figure out how to really be a fly on the wall at whatever meetings go on to decide the linguistic Jiu-Jitsu that ends up […]

Putting lipstick on the pig at Chesapeake…
May 11, 2012—We were going to write about something else this morning, but then Chesapeake Energy (CHK), which as footnoted regulars know is something of a frequent flyer here, decided to file its proxy statement, so we quickly changed plans. While the company did file a preliminary proxy on April 20, there’s a lot that’s happened since […]

A lesson in disclosure at Wright Medical Group…
May 10, 2011—If ever a company illustrated the value of reading SEC filings — as opposed to just their press releases — it may just be Wright Medical Group (WMGI). And we don’t mean that in a good way. By way of background, Wright Medical is an orthopedic medical-device maker that last fall settled [PDF] a U.S. […]

McDonald’s Corporation
April 8, 2011—

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Meet the new Goldman, same as the old…
April 4, 2011—Even when you’re doing “God’s work,” it turns out, a little deft marketing is in order. Goldman Sachs (GS), of course, put out its annual proxy filing on Friday afternoon, cordially inviting shareholders to a morning of procedural formalities and largely predetermined balloting. True to form, the dollar figures in the summary compensation table are […]

Spinning hidden meanings at Walgreen …
June 29, 2010—Companies have to disclose all kinds of things to investors. Companies dearly like to spin those disclosures to seem as positive as possible. In a pinch, guess which impulse wins out? Look no further than Walgreen Co. (WAG) the big pharmacy and drug-store chain, which filed a quarterly report with the SEC on Friday that […]

On Whitacre taking on GM…
June 10, 2009—Yesterday’s announcement that Ed Whitacre would take the reigns of “the new GM” (GMGMQ) kind of caught me by surprise. Here’s a snip from the press release: “The appointment of Ed Whitacre as chairman represents a very auspicious beginning for the New GM,” said GM Chairman Kent Kresa. “We look forward to working with him […]

On M&A math…
June 9, 2009—Whenever a deal is announced — and a bunch of them have been lately — there’s the inevitable press release that talks about synergies and how the deal is going to enhance shareholder value. Indeed, that’s pretty much a mandatory sentence. But things don’t always turn out as planned when it comes to M&A, or, […]

AIG: Blame the negative publicity…
May 8, 2009—Journalists really can’t catch a break. The daily tales of more layoffs, unpaid furloughs and magazine closings (including Portfolio, which ran a monthly footnoted column). But now there’s this: those darn journalists are responsible for the problems at AIG (AIG). We’ll borrow a line from our friend, Jeff Matthews: we are not making this up! […]

Chesapeake does some ‘splainin…
May 1, 2009—Ever since, Cheseapeake Energy (CHK) filed its preliminary proxy last week, there’s been lots of stories — here’s one from Business Week — noting just how well paid Chairman and CEO Aubrey K. McClendon is. Those stories are likely to continue since earlier today, the Associated Press came out with its list of the highest […]