IRRCi Research Paper Competition 2018

The Investor Responsibility Research Center Institute (IRRCi) has opened its seventh annual competition for research that examines the interaction between the real economy and investment theory. Practitioners and academics are invited to submit research papers by Friday, October 19, 2018, for consideration by a blue-ribbon panel of judges with deep finance and investment experience. Two…

Tronc pays Ferro $15 million for unfulfilled consulting work – Joe Cahill Business Blog – Crain’s Chicago Business

There are excessive executive compensation packages, and then there are outright giveaways. Put Tronc’s recent payment of $15 million to former Chairman Michael Ferro in the latter category.The publisher of the Chicago Tribune and other newspapers disclosed last week that it accelerated payment of $15 million in fees under a three-year consulting agreement with Ferro…

Netflix Revolutionizes Board Meetings

Beyond PowerPoint — making meetings meaningful, and integrating the board with the company’s operations and executives at Netflix: At most companies, directors have a less complete understanding of the company than executives because of their limited exposure to day-to-day activities. The format of the information they receive does little to overcome this information deficit. The…

CEOs should disclose their real wages. The real pay gap is [even more] maddening.

This year’s first pay ratio disclosures are not entirely accurate, according to Ralph Nader and Steven Clifford in USA Today, because they omit the biggest category of CEO pay, stock and option grants. Apity reported that CEO Kevin P. Clark’s total compensation was $13,800,347. He also received $17,699,452 from exercising stock option, an amount not…

McKesson Board Can’t Dodge Opioid Shipment `Red Flags’ Suit – Bloomberg

Some McKesson Corp. directors must face an investor lawsuit accusing them of failing to honor promises to ensure internal systems for spotting suspicious opioid shipments functioned properly. Two shareholders of the San Francisco-based company can press claims the distributor’s board was asleep at the switch when it came to overseeing such shipments after a 2008…

Carillion bosses drove construction firm off a cliff, say MPs – BBC News

The UK firm Carillon has collapsed, declaring bankruptcy as its share price is just above zero. The “integrated support services business” held about 450 governmental contracts, from school meals to maintenance, construction, and traffic control. Last year, it issued three profit warnings in five months and wrote off more than £1 billion. In a damning…