By Dominic Jones | Published: September 8, 2006 | 
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News Digest for September 8, 2006
There are 6 items today… H.P. Spied on Journalists in Leaks | Time for HP to clean house | SEC to revise shareholder nomination rules | Ruling: Shareholders Get Proxy access | Grassley Targets Backdating Advisors | The Ratio of Greed: Report Pierces Numbing Numbers of Executive Excess
H.P. Spied on Journalists in Leaks
The California attorney general’s investigation into the purloining of private phone records by agents of Hewlett-Packard has revealed that the monitoring effort began earlier than previously indicated and included journalists as targets.
Time for HP to clean house
Patricia Dunn is not an idiot. She’s been an HP director since 1998 and the chairman of the company’s board of directors since February 2005. Dunn is the former CEO of Barclays Global Investors and serves on the advisory board of the UC Berkeley Haas School of Business. When you reach Dunn’s level of accomplishment, it’s assumed you know right from wrong.
SEC to revise shareholder nomination rules
The decision by the U.S. Second Circuit Court is a victory for shareholders hoping to put their own candidates on company boards.
Ruling: Shareholders Get Proxy access
In a move that could make it significantly easier for shareholders to run competing candidates for company boards, an appeals court said shareholders should be allowed to consider proposals that would let them place dissident candidates on a company’s ballot.
Grassley Targets Backdating Advisors
The chairman of the Senate Banking Committee wants companies to turn over the names of accountants, lawyers, and compensation consultants who pushed backdating as a strategy.
The Ratio of Greed: Report Pierces Numbing Numbers of Executive Excess
Addressing the root causes of excessive executive compensation will require our society to address, more seriously than ever before, the grotesque imbalances of power that currently define our contemporary Corporate America.
Related posts:
- The downside of suing stock analysts
- Boards should adopt shareholder forum policies
- Say-on-pay is yesterday’s news
- With billboards & website, activists target Steak n Shake
- Quote of the Week #2
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