Buffett: Execs Should Pay Price For Risky Bets
Feb 27th, 2010 · Billionaire Warren Buffett, in his annual letter to shareholders, sternly urged companies to develop harsh penalties for executives who get into trouble with risky investments.
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Toyota Seen Facing Lawsuits On Several Fronts
Feb 22nd, 2010 · Lawsuits against Toyota could cost the company more than $2 billion, some experts say. The world's largest automaker faces legal action on behalf of people seriously injured or killed, class-action suits for emotional distress and diminished car values, and shareholder lawsuits.
Ken Lewis, B of A's Former CEO, Sued For Fraud By NY
Feb 4th, 2010 · Kenneth D. Lewis, former Bank of America chief executive, was sued Thursday for fraud by New York Attorney General Andrew Cuomo who charged bank officials with knowingly keeping shareholders in the dark about huge losses at Merrill Lynch in order to smooth the way for the bank's acquisition of the large stock broker.
Congressman On Campaign Finance Bill
Jan 29th, 2010 · The Supreme Court recently lifted restrictions on the corporate financing of elections. But that decision has not made everyone happy. Democratic Congressman Mike Capuano of Massachusetts has introduced legislation that would require corporations to get a majority of shareholders to approve spending money on elections. He discusses the legislation.
Unease Mounts Over Boards' Ultimate Say In Exec Pay
Jan 23rd, 2010 · Some investors argue corporate boards have become beholden to management and approve huge pay packages that siphon money away from shareholders. Because pay packages aren't tied to long-term performance, critics say, they also encourage the reckless risk-taking that created the financial crisis in the first place.
Kraft Foods, Cadbury Near Agreed Takeover Deal
Jan 19th, 2010 · British candy maker Cadbury PLC on Tuesday accepted and recommended to shareholders Kraft's improved takeover offer worth $18.9 billion, potentially ending a months-long corporate battle to create the world's largest maker of chocolate and sweets.
Cancer Claims Disney Scion Roy E. Disney
Dec 16th, 2009 · The son and nephew of The Walt Disney Co. founders was 79. During a 45-year career in the family business, he twice led shareholder revolts that shook up the entertainment empire. In later years he was also known for philanthropic contributions. He had suffered from stomach cancer.
Bank Of America Repays $45B In Bailout Funds
Dec 9th, 2009 · Bank of America funded the repayment through a combination of cash on hand and the sale of $19.29 billion of securities that would convert into common stock. The stock increase is subject to shareholder approval. Repayment frees the bank from government restrictions that have hampered its search for a new CEO, including pay limitations.
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