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Never underestimate the power of a scandal. Two years ago (almost to the day), we footnoted about News Corporation’s (NWS) new agreement with a former Chief Operating Officer. At the time, Michelle wrote that it “sets new standards for saying so little.” Fast forward two years, and we’re seeing a dramatic difference in the 10-K [...]
For most everyone other than the investors who hold them and the entities that issued them, the auction-rate securities mess seems long past. For investors and issuers, far from it. Now, some investors are widening one of the the latest fronts in the struggle: Proxy battles. Yesterday, two filings show some investment managers are still [...]
Be sure to set your Tivo tonight because tomorrow at 9:30 Harry Markopolos will be testifying before a subcommittee of the House Financial Services committee. Judging by his prepared testimony — all 65 pages of it — it should be a pretty good show tomorrow, though it won’t reflect positively on the SEC, which bears [...]
Yesterday, pretty much everyone was a-flutter over the the story that Merrill’s John Thain had spent $1.2 million on redecorating his office when he joined Merrill in December 2007. One person even went to far as to pen a song (see comments) to the tune of Carly Simon’s You’re So Vain, “You waltzed into the [...]
Keeping up with the coverage of the Madoff scandal is turning into a full-time job. The FT’s Alphaville is doing a great job with its Madoff-O-Meter and there’s been lots of good stuff in both the Times and Journal, including this story which doesn’t bode well for the folks at the SEC. But you wouldn’t [...]
