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If it weren’t already obvious enough that the folks in the C-Suites don’t have to deal with many of the daily headaches that the rest of us have, let the preliminary proxy that AmerisourceBergen Corporation (ABC) filed Dec. 7 dispel any lingering doubts. The fortunate executive at the heart of this example, Steven H. Collis, [...]
It made news last week when General Growth Properties (GGP) — the once-beleaguered mall operator that now seems headed for a smooth exit from bankruptcy-court protection — announced two top officers would be staying on for another year. With a new board coming in once the reorganization is complete, most figured, the old execs would [...]
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 [...]
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. [...]
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 [...]
