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A warm welcome at Choice Hotels…

Tuesday, May 6th, 2008

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, [...]

Julie Chen avoids the Katie Couric rule…

Monday, April 14th, 2008

One of the things that’s always fascinating to me is how different companies in the same industry handle routine disclosures on various things like perks, or salary, or related party transactions — basically things they’d rather not talk about, but which they’re required to by the SEC.
Take the proxy filed by CBS Corp. (CBSA) late [...]

Complexities at Callaway Golf…

Monday, April 7th, 2008

We seem to be honoring the sport of golf today at footnoted, although that’s not particularly unusual around here.
In its proxy filed Friday, Callaway Golf (ELY) explained that the “complexity and competitiveness” of its business necessitates paying “above median compensation” so it can attract executives with sufficient smarts. (Yes, theirs is a complex business. Take [...]

Qwest loses in Bay Area real estate market…

Friday, April 4th, 2008

Anyone who checks Zillow.com on a regular basis knows that real estate values are falling pretty quickly. But the proxy that footnoted frequent flyer Qwest (Q) filed earlier today almost defies logic. In 2007, footnoted readers voted on Qwest as the worst footnote in 2007.
In the proxy, which was filed shortly after the company announced [...]

Two retailers and their corporate jets…

Friday, April 4th, 2008

I would have preferred to get through the week without hearing the phrase “FAA whistleblowers.” Here we are, already trying to survive various and sundry blows to the global economy. And now, as we’re sitting on the runway, we’ll be wondering if anyone has recently inspected the Scotch tape that’s keeping the wing on the plane to [...]