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Forget about Spiderman and Wolverine. Sure, they’re really cool and have special powers, but not quite as many as Marvel Entertainment’s (MVL) board of directors. A quick skim of the proxy filed late yesterday shows that Marvel’s board has some super-sized salaries. Three directors made over $300K last year and one — Chairman Morton Handel [...]
In its proxy filed Friday, General Dynamics (GD) assures us its executive perks are reasonable because they “benchmark” them against “generally accepted corporate practices.” But as Footnoted readers know, generally accepted corporate perk practices might be described as “anything goes.” Applying GD’s logic, I may start “benchmarking” my own behavior against whatever Britney Spears is [...]
Blackstone (BX) filed its first 10-K yesterday morning and given its year-end results, not to mention its sagging stock price, it’s not surprising that the company spent 27 pages highlighting potential risk factors. Among our favorites is the one where Blackstone warns about the difficulty of sustaining growth as a public company:
These requirements may place [...]
Yesterday, Coach (COH) announced that President and Chief Operating Officer Keith Monda would be stepping down at the end of June and that Limited Brands (LTD) executive Jerry Stritzke would be succeeding him. The release also noted that Reed Krakoff, Coach’s creative director, was extending his contract for another three years to 2014.
What the press [...]
We don’t mean to pick on Washington Mutual (WM) — really we don’t. But we’d be remiss if we didn’t point out this exhibit to the 10-K that they filed late Friday (which we already footnoted here).
That’s because according to the agreement with former Chief Legal Officer Fay Chapman, Washington Mutual will pay Chapman $2.65 [...]
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