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Quixote Corporation (QUIX) seems like an odd name for a company, since Don Quixote would hardly have been much of a businessman. But names don’t really matter. As Cerberus Capital Management has proven, you can inadvertently name yourself for the 3-headed dog who guards the entrance to the underworld and still make truckloads of money.
Quixote’s [...]
Three weeks ago, we footnoted about the situation with Pokertek’s (PTEK) CFO, Chris Daniels, who had been placed on administrative leave following an independent investigation into use of the company’s credit cards.
On Friday, Daniels, 34, who had been CFO since July 2004, was shown the door, according to this 8K the company filed on Monday. [...]
Last week, when we footnoted Qwest’s (Q) amended contract which gave new CEO Edward Mueller’s wife and step-daughter access to the company’s corporate jet, we didn’t realize that it was the start of a trend. How else to explain this agreement filed yesterday by Computer Sciences Corp (CSC) which gives CEO Michael Laphen’s family access [...]
Last week, the SEC ended its nearly six-month long correspondence with electronics retailer Best Buy (BBY). Not familiar with this? That’s because Best Buy never mentioned that the letters existed, so they only became available once the SEC completed its investigation.
But going back and reading the now-available letters is pretty interesting. Start on March 2, [...]
A shiny gold star, that is. We’ve picked on Procter and Gamble’s (PG) past proxies (say that three times fast), but they finally seem to have earned their gold star (we’re grading on a bit of a curve).
Some shareholder-friendly initiatives in this year’s proxy include:
Discontinuing individual dining club memberships for the Named Executive Officers;
Not [...]
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