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Earlier this year a Canadian publication called uniform maker Cintas Corporation (CTAS) one of the best employers in Canada. But last week, here in America, a union-backed group - angered by the 2007 death of a Cintas worker dragged into an industrial dryer at the firm’s Tulsa plant - embarked on a “Painful Truth Tour” [...]
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 property holdings [...]
In February, when Dell (DELL) announced that it was buying MessageOne for $155 million in cash, questions were raised because one of the company’s co-founders is Adam Dell, who happens to be the brother of Dell Chairman and CEO Michael Dell. In the release announcing the deal, the company noted that it took “additional steps [...]
Until today, I had no idea that NASCAR sponsored a truck racing series (the Craftsman Truck Series). I was further puzzled as to why footwear maker Crocs, Inc. (CROX) was a sponsor of the event. Fortunately, Crocs’ latest proxy solved the Crocs - Craftsman Truck mystery.
Turns out that Crocs’ $600,000 sponsorship of Germain [...]
Each year, when Wal-Mart (WMT) files its proxy, there’s usually an interesting list of related party transactions and this year’s filing didn’t disappoint. Obviously, Wal-Mart touches a lot of different sectors of the economy and given Wal-Mart’s size it’s hard to argue that any of these deals are like the self-dealing at Krispy Kreme (KKD) [...]
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