Sometimes jobs, like shoes, just aren’t a perfect fit. Today’s example of that maxim includes a separation payment involving a relatively large sum of money ($2.75 million) being paid by a company with a market cap of less than $614 million. The money is going to Anthony W. Boor, who – from October, 2005 until earlier [...]
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BlackRock exit gave exec plenty of time to think…
May 11th, 2011 
admin It’s fairly common for an executive of a company that’s merging to come along for the ride, spend a year or so to help work out the transition-related kinks, and then move on to something else. What we see less often is an executive leaving with several million dollars, having spent just a year at [...]
A lesson in disclosure at Wright Medical Group…
May 10th, 2011 admin If ever a company illustrated the value of reading SEC filings — as opposed to just their press releases — it may just be Wright Medical Group (WMGI). And we don’t mean that in a good way. By way of background, Wright Medical is an orthopedic medical-device maker that last fall settled [PDF] a U.S. [...]
Puffed-up perks at Krispy Kreme…
May 9th, 2011 admin Anyone but the most trusting investor recognizes that Securities and Exchange Commission filings contain more than a little puffery and marketing folderol, especially when it comes to executive pay and benefits. Some companies, though, seem to go the extra mile. So it is with Krispy Kreme Doughnuts (KKD), a perennial favorite around here for both its [...]
AIG gets all aspirational on us…
May 6th, 2011 admin As we were skimming AIG’s (AIG) whopping 600-page 10-Q that they filed late yesterday, something popped out at us: the company’s repeated use of the word aspirational. That’s the type of word that is more commonly found at retailers to describe consumer behavior, as opposed to hopes and dreams about earnings. Indeed, just yesterday, Starbucks [...]
