There are 7 items today … Leak, Inquiry and Resignation Rock a Boardroom | Top proxy advisory firm ISS reportedly up for sale | Report Estimates the Costs of a Stock Options Scandal | Australian Firms Lowball Execs’ Options Values | Jang Ha-sung Fund _ Catalyst for Better Korean Corporate Governance? | Terrorism hurts markets, but how much? | Survey: CEO’s car not what you might expect
Leak, Inquiry and Resignation Rock a Boardroom
Silicon Valley — and much of the rest of corporate America — was nonetheless agog Wednesday at the dysfunction within a boardroom’s normally clubby confines.
Top proxy advisory firm ISS reportedly up for sale
“Whoever is at the helm of that company has a potentially powerful impact on the shape of companies in the U.S. and elsewhere,” said Stephen Davis, editor of Global Proxy Watch.
Report Estimates the Costs of a Stock Options Scandal
“For about $600,000 a year to the executives, shareholders are being put at risk to the tune of $500 million,” the study concludes.
Australian Firms Lowball Execs’ Options Values
The study compiled by ISS Australia found that companies almost always failed to report the true value of options granted to executives as required by Australian law.
Jang Ha-sung Fund — Catalyst for Better Korean Corporate Governance?
While some denounce the fund as little different from foreign funds that shook Korean companies and left after reaping huge profits, many analysts expect the fund to help improve corporate governance and set up a new model as a Socially Responsible Investment (SRI) fund.
Terrorism hurts markets, but how much?
They found that while the Dow rose the day of the Oklahoma City bombing and the bombing of the U.S. embassy in Kenya, it took the index 795 trading days to recover from the invasion of France and 232 days to rebound from the attack on Pearl Harbor. They theorize that faster communication and broader market participation has led to faster stock rebounds.
Survey: CEO’s car not what you might expect
The truth is more CEOs surveyed drive ordinary passenger cars and SUVs than luxury cars; in fact, those who drive Chevys outnumber those in Mercedes.
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