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Gas prices may be much lower than they were during the summer of 2008, when they were approaching $5 a gallon in many parts of the country. But we couldn’t help but think about gas prices as we dipped into the 10-K that Exxon Mobil (XOM) filed on Friday.
In the filing, which was significantly longer [...]
On Tuesday night, I ventured out of my SEC filings hidey-hole to attend a party to mark the publication of “Money for Nothing” a new book by John Gillespie and David Zweig. The book focuses on a problem we’ve written about all too often here at footnoted: boards of directors who seem to take up [...]
Last week, The Travelers (TRV) named veteran executive Donald J. Shepard to its board of directors, according to this 8-K filed late Friday. Snore city, right? After all, even at large companies, director changes are hard to get all that worked up about.
What piqued our interest was the lack of detail in the 8-K. Here’s [...]
The Walt Disney Co. filed its 10-K yesterday and this exhibit in the filing caught our attention.
As the exhibit notes, Disney’s 11 outside board members received a raise from $65K a year to $80K a year. Granted, in terms of annual retention fees for companies of Disney’s size, $80K doesn’t seem unusually high. But that’s [...]
When Alain J. P. Belda, Alcoa’s (AA) Chairman of the Board of Directors and former CEO, retires on Saturday as an executive officer, he will leave after spending 40 years with the company – certainly an anomaly by modern standards. But he’s not exactly saying “goodbye,” and he’s going to get a very, very soft landing [...]
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