A short time ago, the SEC filed civil fraud charges against 8 former AOL executives, including two former CFOs. The 8 are charged with overstating AOL’s ad revenues by over $1 billion, which given the time frame this was supposedly happening — from 2000 to 2002 — seems like quite a feat. Here’s a snippet [...]

Sometimes, a disclosure in a recent filing prompts you to dig a bit deeper and look back. That’s exactly what happened when I caught the following disclosure in Brandywine’s (BDN) proxy filed yesterday:
Represents (i) $516,685 for the cost for use of a private aircraft that we provide to Mr. Prentiss as a continuing benefit under [...]

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 [...]

Yesterday, I booked some tickets on American Airlines because I need to be in Dallas and Kansas City next month for speaking gigs. And it’s a good thing for parent-company AMR (AMR) that the tickets are non-refundable because the 10-K they filed yesterday raised some interesting concerns, like this one:
As part of that oversight, the [...]

A short time ago, BEA Systems (BEAS) filed its preliminary merger proxy which had lots of interesting details about the dance that finally led to Oracle’s (ORCL) deal to buy BEA for $19.37 a share. Now, granted, I almost always find the whole “background of the merger” stuff to be pretty juicy reading, but the [...]