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The Huffington Post: The Financial Meltdown Bailout Guy Has More to Say: Hank Paulson on His New Documentary

By Nell Minow Inevitably, the new film Hank: Five Years from the Brink, with former Treasury Secretary Henry Paulson, will be compared to Errol Morris’ Oscar-winning documentary, The Fog of War: Eleven Lessons from the Life of Robert S. McNamara. Both are serious, thoughtful, probing, candid, and revealing interviews with men who are looking back […]

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Governance Insight Alert: BOBE and 19 other companies

In a striking reversal on January 28, the board of the restaurant chain and food producer Bob Evans Farms (BOBE) made a series of shareholder-friendly amendments to its bylaws: notably, instituting a simple majority voting requirement for most issues put to shareholders.  In addition, the board intends to propose bylaw amendments at the 2014 annual […]

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Governance Insight Alert: OMC and 19 other companies

On January 21, 2014, Omnicom Group Inc. (OMC) filed suit in the U.S. District Court to exclude a confidential-voting shareholder proposal from its 2014 proxy ballot. The target of the suit: John Chevedden, an active filer of governance-related shareholder resolutions for well over a decade. This is the third lawsuit filed by an issuer against […]

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Governance Insight Alert: YHOO, STAN and 19 other companies

Eyes certainly popped as they counted the digits of Henrique de Castro’s walkaway benefits following his dismissal from Yahoo (YHOO) last week. De Castro had been lured from Google to serve as YHOO’s COO just 14 months before, with an inducement award then valued at $40 million. He walks away with about $3 million in […]

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GMI Ratings Litigation Risk Model Predicts 51% of Sued Companies

Our Litigation Risk Model correctly differentiates between publicly traded companies at high risk of class actions and those at very low risk of such lawsuits. The model continued its steady performance in 2013. Highlights: • During 2013, 51% of the companies that had federal class actions filed against them in the United States were classified […]

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Governance Insight Alert: MW, JOSB and 20 other companies

The back-and-forth between men’s discount clothiers The Men’s Wearhouse (MW) and Jos. A. Bank (JOSB) continues, with MW raising its bid and launching a hostile tender offer last week. Merger talk started last October with a $2.3 billion cash JOSB bid to take over MW – an offer refused by the MW board and later […]

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Stock Alert: Diamond Foods, Inc.

On Thursday, January 9, it was reported that Diamond Foods (NASD:DMND) agreed to a settlement with the SEC on charges the company’s former CEO and CFO committed accounting fraud and misrepresented the company’s financial condition. Specifically, the executives are accused of meeting financial targets by under-reporting the cost of ingredients. In addition to the action […]

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Governance Insight Alert: Freeport McMoRan Copper & Gold

 Governance Insight Alert Just before the holidays, Freeport McMoRan Copper & Gold (FCX) announced that it had torn up its employment agreement with its CEO, Richard Adkerson, who would henceforth be employed “at will.” FCX is no stranger to pay controversy, having lost two of its three say-on-pay votes, last year with more than 70% […]

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The Huffington Post: Before Academics Complain About Conflicts of Interest, They Should Disclose Their Own

Academics who study business love to talk about the power of incentives and the importance of full information to enable the most effective and efficient decisions.  Unless it applies to them.  As David Kocieniewski reported in the New York Times on December 27, 2013, “academic experts” who testify and make filings in favor of business-friendly […]

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The Huffington Post: Obamacare: The Question We Really Should Be Asking

Robert A.G. Monks Shareholder activist, corporate governance adviser and author I remember how difficult it was to pass Medicare back in the sixties (see also). Now many consider this a basic government service meeting the needs of hundreds of thousands of citizens. The fact that Obama got any kind of healthcare billed passed when Lyndon […]

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InsideCounsel: More CEOs receiving ‘golden hellos’ upon company arrival

…A study from governance-advisory firm GMI Ratings Inc. shows that more companies are recruiting CEOs through “golden hellos,” or multimillion-dollar signing bonuses that the new CEOs receive without working a day….  Study-author GMI generally agrees with Bebchuk’s sentiment. According to Bloomberg, companies cited by GMI that have given golden hellos have scored an average letter […]

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GMI Ratings’ Governance and Accounting Risk Data Now Available Through FactSet

Investors Can Now Seamlessly Integrate ESG and Accounting Risk Into Their Investment Process  New York; November 6, 2013 – GMI Ratings, the leading provider of research, data and analytics on environmental, social, governance and accounting-related risks, today announced that FactSet, (NYSE: FDS | NASDAQ: FDS), a leading provider of integrated financial information data and analytical […]

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GMI Ratings Names New Head of Research

Gary Hewitt to Build Upon GMI’s Reputation for Top-Notch Qualitative and Quantitative Research and Thought Leadership Across Environmental, Social, Governance and Forensic Accounting  New York – November 5, 2013 – GMI Ratings, the leading provider of research, data and analytics on environmental, social, governance (ESG) and accounting-related risks affecting the performance of public companies, today […]

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GMI Ratings’ 2013 CEO Pay Survey Reveals CEO Pay is Still on the Rise

Each of the Top Ten Highest Paid CEOs Earned Over $100 Million  New York, Oct 22, 2013 – GMI Ratings today released its 2013 CEO Pay Survey, one of the most comprehensive surveys of North American CEO compensation. The report findings are based on an analysis of 2,259 North American publicly traded companies and includes […]

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GMI Ratings’ 2013 CEO Pay Survey

GMI Ratings’ 2013 CEO Pay Survey, among the largest surveys of CEO compensation in North America, is based on analysis of North American publicly traded companies. The survey considers 2,259 CEOs whose tenure spanned the whole of the last two years in order to determine changes in executive compensation from 2011 to 2012. Download the […]

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A Sirius Lesson in Poor Pay Practices

By Scott Patterson, Compensation Analyst Manager In anticipation of GMI Ratings 2013 CEO Pay Survey scheduled for release on October 22, today’s report details how Mel Karmazin CEO of Sirius made more than $255M in Total Realized Compensation in 2012. Next week’s full report will feature an analysis in CEO Pay Changes for the Russell […]

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GMI Ratings Named Best Independent Corporate Governance Research Firm by Thomson Reuters Extel

Firm Also Claims Top Spots in SRI Research Firms, Client Relations, and Individual Analyst Categories Sept 27, 2013 New York – GMI Ratings, the leading provider of research, data and analytics on environmental, social, governance (ESG) and accounting-related risks affecting the performance of public companies, received the top ranking as “The Best Independent Corporate Governance […]

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The Huffington Post: For the Public Good? Nonprofits and Political Donations

by Robert A.G. Monks. What is a charity?  In general, we think of it as an organization that does something to further the public good, doesn’t make a profit and is tax-exempt. We feel good about giving to them because they help people or do something good for society.  But charities and nonprofits are a […]

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Video: Introduction to AGR® 3.0: The Finger Print of Fraud

GMI Ratings’ Accounting and Governance Risk (AGR®) ratings reflect accounting and governance practices statistically associated with an elevated risk of securities class action litigation, material financial restatements, SEC enforcement actions, financial distress, and Black Swan equity drops. Developed by Audit Integrity, one of GMI Ratings’ predecessor firms, AGR scores incorporate forensic assessments of financial statements […]

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CSRWire: The Failure of Fiduciary Duty: A Ready-to-Use Corporate Umbrella?

By Bob Monks. The final post in the Citizens DisUnited series. It used to be that the relationship between a stockowner and a company was clear. You invested money, managers ran the business within the laws of the land and you got a return when the company did well and got none when they didn’t. […]

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