Americans can thank La-Z-Boy Inc. (LZB) for fostering our real national pastime, the one where we lounge in huge recliners watching huge flat-screen TVs. Now the company may inspire me to adopt a lazy approach to SEC filings, in which I will no longer bother reading CD&As because they may turn out to be meaningless [...]

A short time ago, the SEC released its much-anticipated review of the 2007 proxy season and the new rules on executive compensation. The short version is that too many companies — well, at least the 350 that the SEC reviewed — wrote way too much, but said way too little about compensation and that there [...]

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 [...]