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It must be nice to get a raise before you even start your job. Congratulations to Stephen P. Joyce, who received one the day before his official arrival at Choice Hotels International (CHH).
Back in March, Choice announced that Joyce would become President and COO starting May 1. (He’ll ascend in October to the CEO post, [...]
One of the more interesting footnotes in the proxy that Liberty Media (LMDIA) filed yesterday was a footnote — in Enron Beelzebub typeface, naturally — that disclosed “$745,832 of tax payments made on behalf of Mr. Malone”. That would be John Malone, Liberty’s Chairman, whose net worth was estimated at $2.2 billion by Forbes last [...]
Yesterday, I came across what seemed like an odd disclosure in UCBH’s (UCBH) proxy — that among the many perks that CEO Thomas Wu received last year were company-paid car washes.
While the dollar amount wasn’t given, it’s hard to get too worked up about whatever the cost might be. Even the fancy hand-wash places tend [...]
Here at footnoted, we’re all about better disclosure. But as with most of the other good things in life, there are certain times when there is simply too much of a good thing. Take the proxy statement filed by CVB Financial (CVBF) last week. In a footnote to the “all other compensation”, the bank disclosed [...]
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 [...]
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