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Latest Headlines
Goldman Sachs succession talk heats up
You get the sense that the Goldman Sachs ( NYSE: GS ) board is laying a careful groundwork that will support a transition at the very top. Allowing CEO Lloyd Blankfein to ease out of the CEO spot now grants him the opportunity for a victorious departure, not one marred by controversy. He has sur
Mark Hurd and Sarbanes-Oxley
The messy Mark Hurd affair at Hewlett-Packard has given rise to much discussion about the H-P board. Some have praised it for acting forthrightly. Many noted a Wall Street Journal article on how the board grew increasingly frustrated with what it deemed to be less than cooperative behavior
Goldman Sachs board mum on director's conflicts
Stephen Friedman, a Goldman director, bought 37,300 shares at an average of $80.78 each on Dec. 17, 2008. Five weeks later, he picked up 15,300 more at an average $66.61. The stock has soared since then, giving Friedman a multi-million paper profit. These purchases have long been controversial, as
Former audit committee head of WellCare continues her fight
The WellCare boardroom spat is far from over.
Regina Herzlinger, who resigned from the board of long-troubled WellCare Health Plans, tells footnoted.org that she will soon file a response to the WellCare's board explanation in its 8-K of Herlizinger's departure from the board, whe
Should Goldman Sachs separate CEO and chairman?
It's no secret that Goldman Sachs' ( NYSE: GS ) board faces a lot of pressure on the corporate governance front. There's pressure building to do something . Obviously, there are those who believe that CEO Lloyd Blankfein ( Lloyd Blankfein news) has to go, and he has acknowledged that his j
Are boards at top financial institutions really going to evolve?
You might have thought that shareholders would vent a little more toward the boards of ailing companies, but that really has not come to pass. The proxy season, in fact, was notable for a general lack of anger, except from the activist organizations that raise a stink every year. That said, wh
