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Many perks and one gold star at Ameriprise…

Wednesday, March 12th, 2008

The folks on the Compensation and Benefits Committee at Ameriprise Financial (AMP) feel our pain. “We realize,” they say in the company’s proxy, filed Monday, “executive compensation can be a complicated subject,” so they’ve “tried to make this year’s Compensation Discussion and Analysis easier to read.”
And yes, the font used in the footnotes to the [...]

First Horizon’s gold star…

Friday, February 22nd, 2008

As footnoted regulars know, companies that file late on a Friday, especially before a holiday weekend, tend to be trying to hide something. So it’s not entirely clear to me why First Horizon (FHN) waited until late last Friday to file this preliminary proxy. One would think they’d want to shout some of the things [...]

Feeling nutty at Diamond…

Thursday, February 14th, 2008

I sometimes feel like the revised SEC proxy disclosures have merely given companies an excuse to drone on and on about their compensation “philosophies.” But this proxy that Diamond Foods (DMND) filed Monday - its first effort since the new rules went into effect ‘“ shows how the current regime forces some improved disclosures, especially [...]

The devil made us do it…

Friday, January 18th, 2008

Last April, Interwoven (IWOV) announced that it had hired Joe Cowan to serve as its new CEO. Cowan had been CEO of Manugistics (old ticker: MANU), which was acquired by JDA Software (JDAS) in July 2006 for a whopping $2.50 a share, or $213 million.
That’s the history. But what struck me as interesting was the [...]