Late Thursday — the SEC time-stamp clocks it at 5:01 pm — H&R Block (HRB) filed its preliminary proxy that disclosed that former CEO Mark Ernst, who was ousted in November, saw his compensation jump 70% despite the company’s many problems. And it reminded us that we’ve been meaning to write something about the 10K [...]

Each time I look at this site, which tracks foreclosures at Countrywide Financial (CFC), I become even more convinced that Bank of America (BAC) still doesn’t get the full extent of the problem it will soon inherit, no matter how many times Ken Lewis says otherwise. As the deal moves ever closer, the number of [...]

As most footnoted regulars know, I have a soft-spot for Florida banks, probably because I spent several years early in my career chasing them down and know how dumb some of the folks who run these banks can be, especially when it comes to real estate. (Coast Financial, by the way, was acquired last summer [...]

It’s been a few months since we last checked in on the sex party house a stone’s throw away from where I used to live in Holmes Beach, Fl. that we first footnoted last November. The house, which was once listed at $1.8 million and which Countrywide Financial (CFC), which is set to be acquired [...]

Two months ago, Washington Mutual (WM) came under fire for trying to shield its top executives from the subprime crisis that has sent the stock down nearly 80% over the past year. At the company’s annual meeting last month, there was practically a revolt and the company wound up reversing its policy on bonuses.
Fast [...]