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 [...]

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 [...]

The next time you spot an armored Hummer double-parked in Manhattan, don’t automatically assume it belongs to some rapper. It could very well be that of Macy’s (M) Chairman and CEO Terry Lundgren. In the proxy that the company filed yesterday, it disclosed its new car and driver benefits for Lundgren:
Pursuant to an independent third-party [...]

Perks are a popular topic here at Footnoted. Some might argue, though, that it’s petty to focus on these personal goodies (however amusing), because even the zaniest perks rarely have a material impact on a company’s financials.
But you can turn that logic in the other direction and ask why more CEOs don’t just use their [...]

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 [...]