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It’s no secret that Gap (GPS), whose brands also include Old Navy and Banana Republic, has been treading water for quite some time. Just take a look at the 10 year chart. And just last week, the company reported an 18% drop in same store sales.
Late yesterday, Gap filed its latest proxy and while much [...]
Motti Lichtenstein, CEO of the IDT Telecom subsidiary of IDT Corporation (IDT), departed on April 1 “to pursue other business opportunities” (press release here). If I were Mr. Lichtenstein, I’d be in no rush to find those opportunities, given the nice post-separation deal he and IDT have cooked up. (IDT has been a bit [...]
One of the things that’s always fascinating to me is how different companies in the same industry handle routine disclosures on various things like perks, or salary, or related party transactions — basically things they’d rather not talk about, but which they’re required to by the SEC.
Take the proxy filed by CBS Corp. (CBSA) late [...]
Over the weekend, you might have heard the news about a hedge fund’s interest in electing four directors to the New York Times (NYT). Firebrand Partners, headed by NYU Professor Scott Galloway sent the letter to Times Chairman Arthur Sulzberger yesterday and it was filed this morning. Here’s a snippet:
There is nothing wrong with [...]
Cranky markets make for cranky people, but life as we know it must continue. And here at Footnoted, life as we know it often includes posting about Tyson Foods (TSN), one of our frequent flyers (last footnoted by Michelle in November).
Friday brought the news that former Chairman/CEO Don Tyson and other insiders had settled the [...]
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