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Archive for the 'Buried treasure' Category

A taxing disclosure at Fortune Brands …

Friday, March 12th, 2010

It’s a rare day when corporate America cites the Internal Revenue Service as a bastion of restraint and sober perspective — especially when it comes to personal income.
Yet there on page 35 of the proxy filed by consumer-products conglomerate Fortune Brands Inc. (FO) is a table laying out the Form W-2 Box 1 income for [...]

A gold star for Carnival’s CEO…

Friday, March 5th, 2010

We’ve certainly picked on cruise line Carnival Corp. (CCL) and its Chairman and CEO, Micky Arison over the years for some unusual perks like Miami Heat tickets and corporate jet usage (see here and here among others). But as we were reading the company’s recent proxy, we actually came across a footnote that seemed worth [...]

Toyota in the filings…

Wednesday, February 24th, 2010

Earlier today, we looked at Toyota’s own disclosures about the massive recall. But there’s also been a number of other companies that are disclosing all sorts of things related to the recall.
Among them was CTS (CTS), which disclosed in the 10-K that it filed yesterday that it too had received subpoenas. Here’s a snip from [...]

Did Toyota wait too long to disclose its subpoena?

Wednesday, February 24th, 2010

This morning, a lot of attention will be focused on Toyota Motors (TM) CEO Akio Toyoda, who will start testifying around 11 am est before the House Oversight Committee. Given this, we decided to take a look at both Toyota’s recent filings and those of some other companies and came up with some interesting [...]

WellCare worries over how health insurers look…

Monday, February 22nd, 2010

This morning’s NY Times had an interesting story about the Obama Administration going after what it describes as “excessive rate increases” that some health insurance companies — the article talks about Anthem Blue Cross specifically, a subsidiary of WellPoint (WLP) — are trying to pass along to their subscribers.
And just last week, a friend of [...]