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We’ll leave it to the pundits to determine whether or not Intel Corporation’s (NASDAQ: INTC) proposed $7.7 billion acquisition of McAfee, Inc. (MFE) is a wise move. But regardless of the answer, the deal offers some nice rewards to some of McAfee’s top executives. The details are in an 8-K and an updated proxy that [...]
There were times when passages in the merger proxy that Dollar Thrifty Automotive Group, Inc. (DTG) filed August 17 read more like a libretto than an SEC filing. The classic operatic themes are there: money, multiple suitors, commitment issues, and surprising plot twists. In this particular drama, at least two suitors wooed Dollar Thrifty, including [...]
While reading the proxy that PSS World Medical, Inc. (PSSI) filed July 14, we discovered an interesting transition that got little press when it occurred, other than by a couple of publications in Florida. The event itself seemed surprising, in that on January 27, 2010, Jacksonville, Florida-based PSS World Medical released FY 2010 3rd quarter [...]
Medtronic, Inc. filed its proxy late last week, and we found the high-dollar salaries one might expect at such a high-profile company: Chairman/CEO William Hawkins got a total compensation package of more than $9.6 million, for example. But was another interesting section as well. It seems that the company required Christopher O’Connell to move from California [...]
Acquisitions bring anxious times, even for steely-nerved captains of industry, we’re told — and presumably that’s even more true for the ones who join as part of the company being acquired. Presumably, after all, they’re first on the chopping block if the going gets rough. So we were interested to see that the first retention [...]
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