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The lawsuit brought against the Securities and Exchange Commission last fall by the U.S. Chamber of Commerce and the Business Roundtable — seeking to toss out a rule giving some shareholders the right to put their own board candidates in the official company proxy filing — got a lot of press at the time. A [...]
We’ll admit to having a genuine fondness for Kettle chips, those salty, extra-crispy potato slices that deliver more crunch and flavor than the potato chips we ate as kids. Somehow paying more for a bag doesn’t seem so unreasonable, since to our palates the chips taste better and are made without trans fats, MSG, or [...]
One benefit from reading SEC filings is that they allow us to distill some of the details about matters that have previously only been reported in a general way. A good example comes from the 10-Q that Kraft Foods, Inc. (KFT) filed August 6. In early June, a story broke that Germany’s Federal Cartel Office [...]
Over the last 30 years, the mimeograph has given way to PDF, and rotary dial phones have been replaced by voice dialing and Bluetooth headsets. Stock ownership has exploded into the middle class from the ranks of the elite. Meantime, the U.S. proxy process hasn’t changed much. Now the SEC is thinking about doing something [...]
Yesterday, the big news was the $1.45 billion fine that the European Union levied against Intel (INTC). The headline in this morning’s WSJ is particularly alarming: Intel Fine Jolts Tech Sector. Here’s a link to Intel’s statement on the fine from Intel President and CEO Paul Otellini. Given the news, I decided to go back [...]
