There are 8 items… Institutional Shareholder Services Sold for $553 million | Disgruntled Canadian Trust Investors Take Beating | US companies warned about pay advisers | Reforms needed to keep NYC financial capital | Sarbanes-Oxley overkill, bankers say | CalPERS backs SOX regulations | Why Do Good Managers Set Bad Strategies? | Web reaches new milestone: 100 million sites
Institutional Shareholder Services Sold for $553 million
Institutional Shareholder Services, the world’s biggest proxy voting agency, is to be sold to a US-based financial risk management firm, which will pay more than 10 times the price paid for it just five years ago.
Disgruntled Canadian Trust Investors Take Beating
Roger Brown has long been a Conservative Party member and donor, but not any more. Not after losing about $100,000 on his investments Wednesday because of Finance Minister Jim Flaherty’s decision to tax income trusts.
US companies warned about pay advisers
“It is critical … that a compensation consultant be free of any conflict of interest, perceived or actual,” says the letter, whose signatories include the California State Teachers’ Retirement System, the US’s second-largest public fund, and 12 other state and union pension funds.
Sen. Schumer, Mayor Bloomberg say business reforms needed to keep NYC financial capital
New York City could lose its position as the world’s financial capital if steps aren’t taken to reduce regulation and litigation, Mayor Michael Bloomberg and Sen. Charles Schumer wrote Wednesday in a call for business reforms.
Sarbanes-Oxley overkill, bankers say
The push to roll back the law comes at a key time. Both congressmen Sarbanes and Oxley are to retire by January and that’s spurring more challenge to the law from industry and from members of the Bush administration.
CalPERS backs SOX regulations
CalPERS, the biggest U.S. pension fund, defended U.S. regulations aimed at protecting investors as calls to loosen them grew, and said worries that the country had become a less attractive place to invest were misplaced.
Why Do Good Managers Set Bad Strategies?
Openness and clarity even help when coping with competition. “It’s good for a competitor to know what the strategy is. The chances are better that the competitor will find something else to be unique at, instead of creating a zero-sum competition.”
Web reaches new milestone: 100 million sites
There were just 18,000 Web sites when Netcraft, based in Bath, England, began keeping track in August of 1995. It took until May of 2004 to reach the 50 million milestone; then only 30 more months to hit 100 million, late in the month of October 2006.
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