By Paul Hodgson – CCO and Senior Research Associate The news that James Murdoch has stepped down as executive chairman of News International, the UK arm of News Corp, comes on the heels of more and more incriminating evidence that he was somewhat economical with the truth when asked about his complicity in the phone [...]
Archive | February, 2012
Murdoch leaves News International
Women on Boards: Zale capitulates
By Paul Hodgson – CCO and Senior Research Associate On February 22, 2012, Beth M. Pritchard was appointed as a director of Zale Corporation (NYSE: ZLC). Zale, a jewelry retailer, was one of the companies featured heavily in reporting of GMI Ratings 2010 Women on Boards report, as it had no female representation on its board. It [...]
October 4
ESG Europe 2012 Date : October 4, 2012 Location : Hotel Krasnapolsky, Amsterdam Robert Monks is keynote speaker at Responsible Investor’s 5th Annual ESG Europe conference, focusing on sustainability in pension fund investment in Europe and globally. More Info
Son of Mega Grant
By Paul Hodgson – CCO and Senior Research Associate This blog first appeared on Forbes.com today. Back in 2009 I noticed a trend among companies towards awarding really large numbers of stock options and I wrote a report on it for GMI Ratings called Return of the Mega Grant. For most of the decade, the [...]
How CEO Security Affects Investment Strategies
How CEO Security Affects Investment Strategies
October 14-16
National Association of Corporate Directors Date : October 14-16. 2012 Location : National Harbor, MD More Info
Small Print
By Paul Hodgson – CCO and Senior Research Associate They make writing Small Print so easy Events Analyst Dovid Muyderman spotted this nomenclature in a February 13th website release from HCP. HCP (NYSE:HCP) announced that it has been named to the S&P 500 Dividend Aristocrats index. This highly select index recognizes members of the S&P [...]
November 8-9
TBLI Conference Europe 2012 Date : November 8-9, 2012 Location : Zurich, Switzerland The leading annual ESG and Impact Investing networking and learning event in Europe. In existence for over 12 years, TBLI CONFERENCE™ consists of two annual conferences. During these two-day events, the world’s leaders on sustainability network, exchange information and ideas on [...]
Small Print
By Paul Hodgson – CCO and Senior Research Associate Sweet Deal Compensation Analyst Ashley Kotzur found this WSJ article on the proposed package for Hostess Foods’ rescue CEO. Hostess fears that, without Mr. Driscoll, its plan to breathe new life into its struggling business and emerge from bankruptcy could be in jeopardy…. [the deal would] [...]
GMI Media Coverage
Created through the mergers in 2010 of three predecessor firms, The Corporate Library, GovernanceMetrics International, and Audit Integrity, GMI provides independent corporate governance research and analysis to enable its clients to enhance value. The company’s line of corporate governance information products, research services and data are sold to many of the world’s leading corporate governance [...]
Stock and Option Awards are Valueless for Executives at AMR, but what about the Pensions?
By Greg Ruel- Research Associate AMR will not be filing a proxy or holding an annual meeting in 2012. Therefore, the company disclosed compensation policy and figures in its 2012 annual report, filed yesterday, laying out the compensation for CEO and Thomas W. Horton as well as other current and former named executive officers. As [...]
Yahoo!’s Dissident Shareholder Woes
By Beth Young – Senior Research Associate Yahoo, its efforts to sell its Asian assets reportedly stalled, is facing another challenge: Hedge fund Third Point is making good on its promise to put up dissident candidates for the company’s board. In a February 14th 13-D filing (Third Point has not yet filed a proxy statement), [...]
My Article on CEO Pay in The New Republic’s Income Inequality Issue
My article in The New Republic explains how CEO pay spun out of control — and how to fix it.
Facebook’s Lack of Board Diversity Draws Criticism
By Nathaniel Parish Flannery, Research Analyst Last week, Calstrs, the California State Teachers’ Retirement System, (@CalSTRS) a major U.S. pension fund, said that Facebook Inc. should diversify the makeup of its all-male board and separate the chairman position from chief executive officer role. Although Facebook has received a lot of positive attention for its inclusion [...]
Problems at Hanwha Highlight South Korea’s Governance Problems
By Nathaniel Flannery, Research Analyst Even though he was convicted of kidnapping and assault, the board at Hanwha Group, a Korean conglomerate that makes explosives and chemicals, did not ask its chairman, Kim Seung-younto retire, a move that might have helped the company avoid damaging its brand. Now, prosecutors are seeking a nine-year jail term [...]
Small Print
By Paul Hodgson – CCO and Senior Research Associate Corporate Dollar Menu Thanks to Events Analyst Dovid Muyderman for both this February 6th 8-K from U.S. Steel, and for the headline. On January 31, 2012, U. S. Steel Serbia B.V., a wholly owned subsidiary of United States Steel Corporation (U. S. Steel) sold U. S. [...]
Governance at Diamond Foods: Going Nuts
By Kimberly Gladman, CFA, Ph.D. – Director of Research and Risk Analytics Yesterday, Diamond Foods’ stock plunged on the announcement that it would restate its financials for 2010 and 2011, a move that may reduce its earnings for those years by half and derail the company’s planned acquisition of Pringles from Procter & Gamble. The [...]


