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A Three card monte kind of day…

Monday, September 15th, 2008

Given everything else that is going on in the financial markets, today’s an absolutey perfect day for a company to slip something into their filings, figuring that few people are likely to be paying attention. Last night, the SEC sent out one of its’ rare Sunday night press releases and followed up this morning with [...]

And now, severance parking…

Monday, July 21st, 2008

Here at footnoted, we’re always fascinated by the odd things that departing executives ask for on their way out the door. One can only imagine the high-powered negotiations that take place over things like the Mercedes, the corporate jet, and even the executive’s office furniture — all things we’ve found in severance agreements over the [...]

Getting out while the getting is good at National City…

Tuesday, July 15th, 2008

It’s been a tough few days for National City (NCC), the large Cleveland-based bank that has offices in 9 states. Yesterday, it took the unusual step of issuing this release to say that the bank was still solvent and that there was no unusual depositor activity. Of course, they weren’t the only bank to issue [...]

Google’s offer letter to its new CFO…

Thursday, June 26th, 2008

Yesterday, Google (GOOG) announced that it had hired a new CFO, 10 months after George Reyes announced his plans to retire. As a result, most of the coverage, including this post from the LA Times’ technology blog, focused on how long it took Google to find Bell Canada executive Patrick Pichette. We’ll ignore for the [...]

Navistar: isn’t it ironic?

Tuesday, June 24th, 2008

It’s hard not to look at the 8K that Navistar International (NAVZ) filed late Friday and not want to start humming a few bars of Alanis Morissette’s classic song, Ironic.
Maybe it’s just the way my mind works, but there’s something about giving the new chief risk officer — the company announced last week that CFO [...]