Nell Minow on Stock Buybacks in Esquire

VEA Vice Chair Nell Minow is quoted in Jack Holmes’ piece about buybacks in Esquire: Executives benefit to the tune of moral hazard. Not only are options and awards a major portion of any top executive’s compensation, they often earn bonuses triggered by short-term performance. They’ve made a significant bet that the share price will…

Nell Minow’s Comment to the SEC on Proposed Climate Change Disclosure Rule

VEA Vice Chair Nell Minow has submitted a comment to the SEC on File No. S7-10-22, Proposal on Climate-Related Disclosures for Investors. The full comment is attached below. An excerpt: Government regulation is most needed when there are collective choice issues or conflicts of interest. Both are the case when it comes to corporate disclosures….

How’s the CEO ‘Stakeholder Pledge’ Working Out? Depends Who You Ask – WSJ

VEA Vice Chair Nell Minow is quoted in this WSJ column by John Stoll about the BRT’s stakeholder rhetoric. Nell Minow, vice chair of ValueEdge Advisors, which consults with institutional investors on corporate governance, agrees with Mr. Bebchuk about tradeoffs, but she cautions “those tradeoffs are rarely permanent.” She said directors need to push executives…

Nell Minow Debates Proposed SEC Rules on Proxy Advisors

On January 13, 2020, at the Stigler Center for the Study of Economy and the State, VEA Vice Chair Nell Minow debated University of Chicago professor Steven Kaplan on the new SEC proposed rules on proxy advisory firms, moderated by Luigi Zingales.

Was any board worse than Boeing’s in 2019? – Los Angeles Times

VEA Vice Chair Nell Minow is quoted in Michael Hiltzik’s story about the worst board of 2019. This may have been overlooked, but the Boeing board of directors did Wells Fargo a big favor in 2019; it provided Wells’ directors with real competition in the race for the worst failure of leadership among major American…