Sprecher’s Insider Trading and the NYSE’s Big Governance Problem Still Persists…and Should Get Worse — The Progressive Investor

When the Chairman and CEO of a Fortune 500 NYSE-listed company is charged with insider trading, complicated by the fact that he is a substantial financial contributor to the political party in power, it’s usually a significant financial news story. But, that not what happened when Jeff Sprecher, founder, Chairman, and CEO of Intercontinental Exchange,…

PCAOB Board Member Says the Revised Research and Standard-Setting Agendas Reduce Credibility, Accountability and Confidence in the Financial Reporting Process

PCAOB Board member J. Robert Brown, Jr., has issued a very strong statement objecting to the omissions and re-directions in the PCAOB’a new agendas. The introduction is excerpted below (footnotes omitted) and there is a link to the full statement at the bottom of this post. In late 2017, the U.S. Securities and Exchange Commission…

Alpha Investor’s Charles Mizrahi on God, Capitalism, and ESG

VEA Vice Chair Nell Minow interviewed Alpha Investor’s Charles Mizrahi for Medium about his article on the Biblical basis for capitalism. An excerpt: Over time the “invisible hand of the market” encourages compassion and generosity. Consumers patronize companies that are more socially responsible. Companies that are not, will see a loss of market share. End…

Did Goya’s CEO endorse Trump to prevent a buyout and keep his job?

We’ve heard a lot of crazy and colorfully named anti-takeover devices and strategies over the years, from chewable poison pills to greenmail, golden parachutes, and the Jewish dentists defense, but this is unquestionably the nuttiest, as possibly also the most destructive of shareholder value. [Goya CEO] Bob [Unanue] knew, when he said that [he supported…

A “Tectonic Shift” Toward Sustainability: BlackRock Investment Institute

A focus on sustainability can help make portfolios more resilient. We believe the adoption of sustainable investing is a tectonic shift that will carry a return advantage for years to come – and the coronavirus shock seems to be accelerating this shift. via Global Weekly Commentary | BlackRock Investment Institute A commonly held view is…