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When McAfee (MFE) hired David DeWalt as its new CEO in April 2007, DeWalt’s offer letter specifically stated that he would have six months to relocate to Dallas-Ft. Worth and that the company would pay for various moving expenses as well as “reasonable expenses for weekly round-trip airfare to California” where DeWalt lived. Make that [...]
The motto of discount clothing retailer Syms Corp (SYMS) is: “An educated consumer is our best customer.” An educated shareholder, on the other hand, can be a pain in the butt. Esopus Creek, an activist hedge fund holding about 4% of Syms stock (the Syms family controls the majority), has been educating itself about the firm’s [...]
Anyone who checks Zillow.com on a regular basis knows that real estate values are falling pretty quickly. But the proxy that footnoted frequent flyer Qwest (Q) filed earlier today almost defies logic. In 2007, footnoted readers voted on Qwest as the worst footnote in 2007. In the proxy, which was filed shortly after the company [...]
