Archive for the 'taxes' Tag

Tyco International Ltd.’s (TYC) stock is up 20.5% from mid-January, 2010. Tyco also completed some strategic acquisitions and divestitures last year, and  - according to its 2011 proxy – made progress on managing costs, generating cash flow, and increasing its presence in emerging markets. So what impact do those accomplishments have on Chairman/CEO Edward Breen’s compensation? [...]

The Geo Group, Inc. (GEO), which operates private jails in the U.S., the U.K., Australia, and South Africa, has been awarded several new contracts lately to house inmates at its various facilities. The new revenue will be helpful, because the company has an expensive retirement check to write in the near future, and it may [...]

We all learned from Benjamin Franklin that a penny saved is a penny earned,* and it’s a lesson apparently well understood by George P. Reeth, deputy chairman and president of Bermuda reinsurer Validus Holdings (VR). The company had previously disclosed, in a one-sentence 8-K on September 14, that Reeth would lay step down from those august [...]

The litigation section of company filings often reminds us of Jandyce and Jarndyce, the interminable lawsuit that is the backdrop of Charles Dickens’ novel Bleak House, a case so long-running and convoluted that “[t]he little plaintiff or defendant who was promised a new rocking-horse when Jarndyce and Jarndyce should be settled has grown up, possessed [...]