Officers and directors of public companies run a risk, in trading their company shares, that they will be liable to injured buyers or sellers of their shares if, shortly after the trade, the stock price moves and makes clear that … Continue reading
Stephen Honig
Last month the SEC proposed a change in the manner in which your retail stock broker places a trade order for you, the first such amendment in two decades. The changes are technical in nature, are subject to revision after … Continue reading
I will post new developments (I am researching now) that you should know concerning the SEC and the securities markets between now and year-end. In the meanwhile, as we move into the Holiday Season, let me wish all my readers … Continue reading
Glass Lewis, one of the two major firms which provide advisory service to investors relative to voting for or against director candidates, has announced some substantial (if not surprising) revisions to its review standards designed to foster ESG-related elections to … Continue reading
A week or so ago I almost posted about a criminal anti-trust complaint brought by the Department of Justice, the first in decades. I chose not to, thinking the event an outlier that must have involved incredibly horrendous facts; after … Continue reading
Six years ago Dell Technologies financed its multi-billion dollar acquisition of EMC Technologies by issuing a special class of “V” shares. Two years later Dell, under the leadership of Michael Dell, recapped the V class and distributed to holders $14 … Continue reading
I seldom post two days in a row, let alone on the same subject, but I am intrigued by Elon Musk’s 10-year comp agreement at Tesla that can net him as much as $56 Billion dollars (see yesterday’s post). In … Continue reading
Yesterday a trial in Delaware Chancery Court commenced, raising a shareholder complaint accusing directors (and in-house counsel) of breaching their duty by voting compensation to a company CEO that could equal $56 Billion over ten years. Kudos to those readers … Continue reading
Yesterday the SEC issued a massive release which, effective next July 1, substantially tightened reporting on how mutual funds and ETFs must disclose how they vote on proxy issues. Normally one might think this development is of interest only to … Continue reading
The immediately prior post lists survey results of major risks perceived by corporate CEOs and directors for this year. Below is the survey list for the next entire decade: Keeping up with digital technology changes. Succession and lack of available … Continue reading