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Proxy

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Latest Headlines

Mike Mayo markets his new book

If there's one thing that reporters and producers love, it's an outspoken and accessible analyst. It helps if they know what they are talking about. So you've got to be glad that for every 10 or so traditional sell-side analysts--worried about their standing with executives at covered companie

Bill would expand 404(b) reprieve

It was big news for nonaccelerated filers when Dodd-Frank finally gave them what they had long sought: A permanent reprieve from the Sarbanes Oxley 404(b) requirement. Prior to the passage of Dodd-Frank, these companies were given a string of temporary reprieves, which quite a few got used to.

Proxy access fizzles as SEC gives up on court case

Before it even got started, the era of direct access to the proxy has fizzled. Recall that Dodd-Frank required companies to include board candidates on official "proxies" if they held at least 3 percent of the voting power in the stock for three years (accelerated filers were given a delayed phase

Goldman Sachs execs big pay day stokes mild criticism

The top five executives at Goldman Sachs ( NYSE: GS ) fared well for their work in 2010. CEO Lloyd Blankfein's compensation package included $5.4 million in cash, $12.6 million in a restricted stock award, a $600,000 salary and $464,000 in other benefits. CFO David Viniar, President Gary Cohn, V

Small companies win say-on-pay reprieve

For small companies, the drama over the SEC's say-on-pay requirement is starting to resemble the commotion over Section 404(b) of Sarbanes-Oxley. The SEC voted to adopt the much-discussed say-on-pay rules last week. As expected, the rules passed--for large companies. Non-accelerated filers

Public pensions ask banks to review foreclosure practices

As if the big mortgage lenders and servicers didn't have enough pressure on them for shoddy foreclosure practices, public pensions have now weighed in. A group of pensions sent letters to the head of the audit committees at Bank of America, Citigroup, Wells Fargo and JPMorgan Chase, asking them to

Companies want rules on proxy advisory firms

It rankles a lot of corporate boards when so-called proxy advisory services come out with recommendations to institutional clients about how to vote on various proxy issues, and those recommendations don't jibe with the board's agenda. But perhaps proxy advisory firms--there are nearly a dozen, th

Subprime worries still haunt banks

The big worry in the debt market right now of course is the Greek tragedy that started with that country's bond ( bond market news) debacle and may soon spread to other sovereign debt. That is certainly influencing perceptions of banks right now. I doubt we'll see another bond market meltdown o

Ready for CEO bonus news

It's that time of the year. More banks will be disclosing fairly soon how much they will pay their CEOs. We're in for a wide range of bonus numbers. Vikram Pandit, CEO of Citigroup ( C ), has already revealed that he will not get a bonus for 2009. Furthermore, he'll take a salary of just $1

The mysteries of the Bank of America, Merrill Lynch deal

The substance of Timothy Mayopoulos' testimony before the house panel was overshadowed somewhat by the disgust the Congressmen displayed for Brian Moynihan, who did not come off as credible and may have hurt his chances to run the bank. Mayopoulos was the general counsel who was fired so that Moyn