Yesterday, I came across what seemed like an odd disclosure in UCBH’s (UCBH) proxy — that among the many perks that CEO Thomas Wu received last year were company-paid car washes.
While the dollar amount wasn’t given, it’s hard to get too worked up about whatever the cost might be. Even the fancy hand-wash places tend [...]

Here at footnoted, we’re all about better disclosure. But as with most of the other good things in life, there are certain times when there is simply too much of a good thing. Take the proxy statement filed by CVB Financial (CVBF) last week. In a footnote to the “all other compensation”, the bank disclosed [...]

It’s no secret that Gap (GPS), whose brands also include Old Navy and Banana Republic, has been treading water for quite some time. Just take a look at the 10 year chart. And just last week, the company reported an 18% drop in same store sales.
Late yesterday, Gap filed its latest proxy and while much [...]

We couldn’t help but do a double-take as we read the proxy that Exxon Mobil (XOM) filed yesterday. And it had nothing — really — to do with compensation or perks. As the WSJ pointed out this morning, last year was pretty good for the company and yet the compensation for Chairman and CEO Rex [...]

Last week, Choice Hotels (CHH) filed this proxy and unlike a lot of directors who tend to take to company freebies like pigs at the trough — Al Gore’s use of Apple (AAPL) products is just one example — there’s plenty of room at the inn that Choice directors aren’t using.
The giveaways, which are [...]