Odds & ends: Calm before the storm edition
We’re heading into the home-stretch before big companies following a calendar year run up against the deadline for filing their second-quarter 10-Qs. That means filings are light these days, but somehow there’s always a few doozies in the mix. One of the items catching our eye this week is the unflattering reappointment of William F....
Did B&N’s Riggio have the Burkle flu?
As we were flipping through the proxy that GameStop (GME) filed yesterday afternoon, we spotted an interesting disclosure about one of its directors, Leonard Riggio, who also happens to be Chairman of Barnes & Noble (BKS). The proxy noted that Riggio had decided not to stand for re-election when GameStop’s board meeting is held...
Meet the $9.6bn man (and Glencore’s other billionaires)
It’s out, and longer than Tolstoy’s War & Peace.Presenting the Glencore prospectus, which is so big we can’t upload it to our servers — but you can...
Independence and $400,000 at Cephalon…
As footnoted regulars know, we tend to pay particularly close attention to filings from companies in the maws of M&A. So we couldn’t help ourselves when we spotted some big pay figures for directors in a proxy filed by Cephalon (CEPH) late last week. That’s because Valeant Pharmaceuticals International (VRX) is giving Cephalon’s shareholders until...
On Cathie Black’s retirement from IBM..
Cathie Black, the former chairman of Hearst Magazines, isn’t known for being sensitive. After New York Mayor Michael Bloomberg got some flak for appointing her as New York City’s next school chancellor, she made even more enemies by (jokingly) telling concerned parents gathered at a meeting that the best way to solve overcrowding problems at...
70 is the new 60 at J. C. Penney…
Now that March is finally here, a lot of us are walking with a little more pep in our step. And perhaps that’s true for the directors at J. C. Penney Co., Inc. (JCP), as well. In the 8-K that Penney’s filed on February 28, the board declared that age is just a state of...
Baldor directors did some pre-Thankgsgiving shopping…
Yesterday, ABB announced that it was acquiring Baldor Electric (BEZ). Although six separate law firms have already announced that they’re investigating the pending deal, the news sent Baldor stock up over 40%. As we do with most deals, we like to look through the target company’s previous filings to see if there were any interesting...
Meet Apple’s newest part-timer…
Yesterday, Apple (AAPL) announced that it had appointed former Northrup Grumman (NOC) Chairman and CEO Ronald Sugar to its board of directors. While the news didn’t generate quite the level of buzz as Apple’s Beatles announcement a day earlier, as all things Apple tend to do, it still generated plenty of attention. Like the seven...
