Bob Drennan: Progress Energy
RALEIGH, N.C., Jul. 31, 2006 — Bob Drennan, a 23-year Progress Energy (NYSE: PGN) veteran, has been named vice president of Investor Relations, a newly created position. Placing the investor relations function at the officer level puts Progress Energy more in line with other utilities and Fortune 500 companies.Drennan joined Carolina Power & Light, now Progress Energy, in August 1983 and has held numerous leadership positions in the Treasury and Strategic Planning departments. He has directed the company’s investor relations activities for 17 years.
July 31, 2006 | Posted in IR People | 
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News digest for July 31, 2006
Reforms May Redraw Battle Lines in Proxy Fights
The convergence of three strands of reform appears poised to change the mechanics — and perhaps eventually the results — of shareholder voting in director elections.
July 31, 2006 | Posted in Investor Relations News | No Comments »
Sun’s CEO blogs quarterly results — but investors not told
LAST week, Sun Microsystems Inc. reported its Q4 results. Like most investors, I went to the company’s investor relations website for the news.However, I learned today via the New York Times that I missed something.
July 31, 2006 | Posted in Investor Relations News, Online Investor Relations | No Comments »
News digest for July 28, 2006
Poison pills become slightly less bitter
Poison pills came into use in the early 1980s and are one of several takeover defenses, including staggered boards and rules that prevent shareholders from calling special meetings.
July 28, 2006 | Posted in Investor Relations News | No Comments »
News digest for July 27, 2006
Investors’ Class-Action Lawsuits Drop Sharply
The number of new federal class-action lawsuits filed by disgruntled investors has dropped dramatically and is now at its lowest level since 1996, according to a new Stanford University study.
July 27, 2006 | Posted in Investor Relations News | No Comments »
News digest for July 26, 2006
SEC orders more exec pay disclosure
Tables on executive compensation now scattered throughout corporate proxy statements and financial reports will have to be consolidated and simplified under the new rules. Companies will also be required to explain in narrative form their executive pay programs in a new statement to be called “Compensation Discussion and Analysis,” or CD&A.
July 26, 2006 | Posted in Investor Relations News | No Comments »
Darlene Persons: Comerica Incorporated
DETROIT, July 26, 2006 — Comerica Incorporated has appointed Darlene P. Persons as Director of Investor Relations. The announcement was made by Chief Financial Officer Elizabeth S. Acton.
July 26, 2006 | Posted in IR People | No Comments »
News digest for July 25, 2006
SEC Names Hewitt Chief Accountant
Conrad Hewitt, former chief financial regulator for the State of California, was named chief accountant of the Securities and Exchange Commission on Monday. He will oversee accounting interpretations, international accounting matters, and professional practice issues, for the SEC.
July 25, 2006 | Posted in Investor Relations News | No Comments »
News digest for July 24, 2006
Filing Resolutions at Mutual Funds: The Next Frontier for Shareowner Activism?
While resolution-filing on environmental, social, and governance (ESG) issues at companies is commonplace, the tactic is very rarely used at mutual funds.
July 23, 2006 | Posted in Investor Relations News | No Comments »
News digest for July 21, 2006
Hedge funds rake in big bucks
Hedge funds attracted $42 billion of new money in the second quarter, the largest quarterly spike in new assets since 2003, according to an industry tracker.
July 21, 2006 | Posted in Investor Relations News | No Comments »