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It’s been a rocky couple of years for the car industry, which still employs hundreds of thousands of Americans, and now the public owns hefty chunks of General Motors and Chrysler. So we wouldn’t be surprised if more than a few corporate boards see it as patriotic to support automakers.
But pay $87,378 for automotive transportation [...]
In 2008, AIG took a lot of heat for some of its free-spending practices at a time when the company was relying on the government for billions in bailout money. So this past September the company came out with a 5-page “luxury expenditure policy” that addressed some of the key areas of abuse like corporate [...]
When Hewlett-Packard (HPQ) filed its preliminary proxy on Tuesday, we were immediately surprised by one of the numbers in the footnotes to the summary compensation table: the $96 spent by CFO Catherine Lesjak on personal use of the corporate jet.
Now being all entrepreneurial and all, we don’t spend any time flying around in corporate jets [...]
One month from today is Super Bowl Sunday, which reminded me of a new disclosure by Apollo Group (APOL) that I caught over the holidays. Rather than try to interpret it, we thought you’d enjoy it unvarnished. Here’s a snip:
The Company has also entered into a stadium naming rights agreement with the Arizona Cardinals Football Club [...]
Voting for the worst footnote of 2009 ended last night and footnoted readers have chosen the disclosure by Chesapeake Energy (CHK) that it had spent $12.1 million to purchase Chairman and CEO Aubrey McClendon’s antique map collection. Here’s the disclosure in all of its glory from the April 30 proxy statement:
In December 2008, the Company [...]
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