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.

All the Internet’s a Stage. Why Don’t C.E.O.’s Use It?
After the earnings release, Mr. Schwartz itemized on his blog the many positive developments that he sees in the company’s business. Viewed alone, it would be easy for unhappy investors to dismiss. But read as the latest installment of candid self-evaluations of the company’s strategic initiatives and performance, Mr. Schwartz’s optimism exerts a tonic effect.

Sun’s CEO blogs quarterly results — but investors not told
If people employed to be effective communicators want to remain relevant, they really must start taking this Web thing seriously. Because, as this little example illustrates, small lapses can be interpreted in so many negative ways.

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