Recent Posts

|< Prev 1 2 3 4 5 6 7 8 Next >|
Wednesday, June 20, 2012

Dual Class Ownership

A couple of years ago I posted a video proposing multiple-class stock as a way to empower owners and hold management to account. Now seems like a good time to discuss the downside of dual-class or multiple-class stock because there have been some recent high profile offerings that bring… June 20, 2012 | ownership , corporate governance , shareholder rights , proxy
Wednesday, June 13, 2012

Neutered Securities

Now that the clamor over Facebook’s public offerings has abated somewhat – both the purchasing scrum and the disappointment over the results – let’s look at this type of “ownership.” Facebook isn’t the first to offer what I call “neutered securities.” Carlisle is another high-profile offering. While different from Facebook in that… June 13, 2012 | ownership
Thursday, May 17, 2012

Must Read: How Wall Street Killed Financial Reform

The most recent Matt Taibbi article in Rolling Stone expounds in dreadful, painful, nauseating detail the power of the lobbies and the ability of, in this case, the financial interests utterly, utterly, utterly to dominate and capture the government’s capacity to regulate them. This is a piece that’s well… May 17, 2012
Wednesday, May 2, 2012

SEC - Where is the public good?

Jesse Eisinger posted a very good piece on the SEC and ratings agencies today (SEC keeps the Ratings Game Rigged). He writes about the Egan-Jones case, "This is your S.E.C., folks. It courageously assails tiny firms, and at the pace of a three-toed sloth. And when it goes after… May 2, 2012
Tuesday, April 24, 2012

A Happy Monopoly - Ratings Agencies

Happy monopoly describes the ongoing status of the SEC approved rating companies (Nationally Recognized Statistical Rating Organizations – NRSRO).  Notwithstanding that the Financial Crisis Investigation Commission and Senator Carl Levin’s Subcommittee on Oversight confronted the CEOs of the big ratings firms whose crisis-related pay went up by a multiple… April 24, 2012 | proxy , SEC , CEO power , Corporate Power , accountability
Monday, April 23, 2012

The Case Against Lehman Brothers - 60 Minutes

Did you see 60 Minutes last night?  About SEC failure to do anything about Lehman Brothers.  Watch. April 23, 2012
Thursday, April 19, 2012

Citigroup Shareholders

55% of Citigroup shareholders voted against the proposed pay package for the CEO, Vickram Pandit.  Will this impact votes at other companies?   More in the video... April 19, 2012 | Say on Pay , shareholder activism , CEO Pay , proxy , shareholder resolutions
Wednesday, April 18, 2012

Say on Pay Redux

Seems Say on Pay (and CEO pay, in general) is on everyone's mind.  Thought I'd share a couple of things from the news of the last 24 hours. GMI's Paul Hodgson has an op-ed in the Washington Post (The Original Sin of Executive Pay) and says, "Not all CEOs… April 18, 2012
Tuesday, April 17, 2012

Say on Pay

Gretchen Morgenson of the NYT wrote recently ("When Shareholders Make Their Voices Heard," April 8, 2012) about Say on Pay and indications that, "some companies seem to be listening."  This is heartening news  indeed but I still have reservations about Say on Pay because, in the end, precatory proposals… April 17, 2012 | Say on Pay , CEO Pay , shareholder resolutions , shareholder activism , boards of directors
Thursday, April 5, 2012

Confronting Power

The only way I know to combat corporate power as it now stands is for government to exercise its powers as owners of a preponderance of publicly traded stock. Self-regulation didn't work and any attempts at government regulation are thwarted or circumnavigated. You can't control a corporation from outside… April 5, 2012 | fiduciary duty , CEO power , Capture , Corporate Power , Government Capture , Money in Politics , ownership
Tuesday, March 13, 2012

Interview on Responsible Investor TV

My thanks to the folks at Responsible Investor for this very nice interview.  RI is one of my trusted resources for corporate governance news so I'm happy to have had the chance to talk with them... March 13, 2012
Wednesday, March 7, 2012

Effective consumer action means collective action

I read an interesting article in Yes Magazine recently (Watch Us Move Our Missions, 02/01/12). It profiled cities, organizations and churches moving their money out of banks that they consider to have had a negative impact on society. You might have heard about Bank Transfer Day. I, honestly, didn’t hear too much… March 7, 2012
Copyright 2022 by Robert A. G. Monks