News digest for July 20, 2006
US SEC sues ex-Brocade CEO Reyes on stock options
In the first civil charges to emerge from the unfolding options timing scandal, the SEC alleged that from 2000 to 2004, Brocade concealed millions of dollars in expenses from investors and overstated its income by falsifying records relating to employee stock option grants.
July 20, 2006 | Posted in Investor Relations News | 
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News digest for July 19, 2006
Fed Governor: Sarbox Distracting Firms from Growth Investment
Complying with Sarbox has diverted funds “and, probably even more importantly, some of the attention of chief executive officers and boards of directors from capital spending and R&D plans.”
July 19, 2006 | Posted in Investor Relations News | No Comments »
News digest for July 18, 2006
Hedge Funds Pile Into European Loans, Cut Costs as Rates Rise
“If corporate profits fall, a lot of companies will be under pressure,” said Edward Eyerman, who assigns credit rankings to high-yield loans for Fitch Ratings in London. Hedge funds may “threaten a company with bankruptcy if they don’t get the deal they want in a restructuring.”
July 18, 2006 | Posted in Investor Relations News | No Comments »
News digest for July 17, 2006
Study Finds Backdating of Options Widespread
More than 2,000 companies appear to have used backdated stock options to sweeten their top executives’ pay packages, according to a new study that suggests the practice is far more widespread than previously disclosed.
July 17, 2006 | Posted in Investor Relations News | No Comments »
Mark Pogharian: The Hershey Company
HERSHEY, Pa., July 17, 2006 — The Hershey Company today announced that Mark K. Pogharian has joined the company as Director, Investor Relations, effective July 17th. Pogharian will report to Bryon Klemens, Vice President, Business Development.
July 17, 2006 | Posted in IR People | No Comments »
Ira Gamm: International Coal Group, Inc.
CHARLESTON, W.Va., July 17, 2006 — International Coal Group, Inc. has appointed Ira Gamm as Vice President, Investor and Public Relations. In this newly created position, Gamm will be responsible for developing and executing ICG’s communications with the investment community and news media.
July 17, 2006 | Posted in IR People | No Comments »
News digest for July 16, 2006
Companies learn value of blogging
“They are suspicious of ‘corporate speak’ and they want it straight from the horse’s mouth,” says John Petter, BT’s chief operating officer. “Especially in a big company they want to know that someone is taking responsibility.”
July 16, 2006 | Posted in Investor Relations News | No Comments »
News digest for July 14, 2006
How To Fight Off Shareholder Activists
Make friends with your activist shareholders, says Chris Young, mergers and acquisitions research director at Institutional Shareholder Services. Executives who develop good relationships with activists, compromising with instead of shunning them, actually do a better job of keeping them at bay–and keeping their own jobs. “Companies that fall back on name-calling, labeling the investors as raiders or short-term investors–that tends not to work,” Young says.
July 14, 2006 | Posted in Investor Relations News | No Comments »
More Large U.S. Companies Reporting on Social and Environmental Issues
A growing number of S&P 100 companies are reporting on their environmental and social performance, according to a study by the Social Investment Research Analysts Network (SIRAN) conducted by the independent investment research firm KLD Research & Analytics, Inc.
July 13, 2006 | Posted in Investor Relations News, Online Investor Relations | No Comments »
News digest for July 13, 2006
Some Applaud Rise in Sustainability Reporting, Others Say It Masks Corporate Un-sustainability
Professors Rob Gray and Jan Bebbington turn the “business case for sustainability” on its head, pointing out that our current capitalist system essentially structures corporations to be “un-sustainable.”
July 12, 2006 | Posted in Investor Relations News | No Comments »