Morningstar ®

Footnoted is now part of Morningstar

  Text Size:   A A A

Archive for the 'real estate' Tag

Medtronic’s “Home Sweet (Relocation Bonus) Home”…

Tuesday, July 20th, 2010

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 [...]

Entertainment Properties Trust buries the hatchet…

Friday, June 25th, 2010

In the 8-K that real estate investment trust Entertainment Properties Trust (EPR) filed yesterday, the company reported that last Friday it resolved its legal disputes with Louis Cappelli. The settlement – which included numerous agreements – terminated the pending lawsuits and restructured the company’s investments with Cappelli and his affiliates. The dispute was a doozy. [...]

Gaming the housing bust at Electronic Arts …

Tuesday, June 22nd, 2010

The news this morning that existing home sales slipped 2.2% last month is a cold reminder that the housing crisis is still with us. Most of us, anyway — at the rarified heights of the executive suite, the economics sometimes look a little different. That’s illustrated by the real-estate fortunes of John Schappert, an in-demand [...]

The mystery in Forestar’s annual report…

Thursday, March 4th, 2010

A lot of us like a good mystery, but most of us probably prefer the ones in a book to those in an SEC filing. When we looked at the 10-K that Forestar Group Inc. (FOR) filed yesterday, we noticed an interesting example that illustrates an important point:  Shareholders need transparency and full disclosure in [...]

Another sure sign of spring: the boring Chairman’s letter…

Thursday, April 9th, 2009

Along with the daffodils and the start of baseball (and one of these days, warmer weather) comes another rite of spring: the Chairman’s letter. While Warren Buffett’s annual letter is always held up as an example, most of them — as we footnoted last week — are either full of happy-talk or a long boring [...]