Corporate Governance
Good corporate governance - pointing out corporate directors who should and shouldn't be elected anywhere. This is my attempt to keep track of good people for board of directors and keep track of people who should be avoided.Thursday, August 31, 2006
Exxon shareholders upset about $147mm to former CEO
repost from old blog from June 2 2006
http://biz.yahoo.com/ap/060531/exxon_mobil_shareholders.html?.v=11
The people on Exxon's compensation committee are:
* William R. Howell
Principal Occupation: Chairman Emeritus, J.C. Penney Company
* William W. George
Principal Occupation: Professor of Management Practice, Harvard University
* Reatha Clark King
Principal Occupation: Former Chairman, Board of Trustees, General Mills Foundation
* Samuel J. Palmisano
Principal Occupation: Chairman of the Board, President and Chief Executive Officer, IBM Corporation
* Walter V. Shipley
Principal Occupation: Retired Chairman of the Board, The Chase Manhattan Corporation and The Chase Manhattan Bank
http://biz.yahoo.com/ap/060531/exxon_mobil_shareholders.html?.v=11
The people on Exxon's compensation committee are:
* William R. Howell
Principal Occupation: Chairman Emeritus, J.C. Penney Company
* William W. George
Principal Occupation: Professor of Management Practice, Harvard University
* Reatha Clark King
Principal Occupation: Former Chairman, Board of Trustees, General Mills Foundation
* Samuel J. Palmisano
Principal Occupation: Chairman of the Board, President and Chief Executive Officer, IBM Corporation
* Walter V. Shipley
Principal Occupation: Retired Chairman of the Board, The Chase Manhattan Corporation and The Chase Manhattan Bank
Home Depot
reposting from yahoo blog from May 25 2006
http://money.cnn.com/2006/05/25/news/companies/home_depot/index.htm
Home Depot has their annual meeting after giving the CEO what many consider an excessive pay package. Nobody from the board of directors shows up other than the CEO who quickly shuts down anybody from complaining about his pay package.
Here's the name of their board of directors so we know who not to elect:
Gregory D. Brenneman
CEO
Burger King Corp.
Richard H. Brown
Former Chairman and CEO
Electronic Data Systems Corporation
John L. Clendenin
Retired Chairman, President, and CEO
BellSouth Corporation
Claudio X. González
Chairman and CEO
Kimberly-Clark de Mexico, S.A. de C.V.
Milledge A. Hart, III
Chairman of the Board
Hart Group, Inc.
Bonnie G. Hill
President
B. Hill Enterprises, LLC
Laban P. Jackson Jr.
Chairman & CEO
Clear Creek Properties, Inc.
Lawrence R. Johnston
Chairman, CEO & President
Albertsons, Inc.
Kenneth G. Langone
Chairman of the Board, CEO, and President
Invemed Associates, Inc.
Angelo Mozilo
Chairman and Chief Executive Officer
Countrywide Financial Corporation
Robert L. Nardelli
Chairman, President, and CEO
The Home Depot, Inc.
Thomas J. Ridge
Former Secretary of Homeland Security and Governor of Pennsylvania
Ken Langone.... that name sounds familiar.
Wait - it is!
From SourceWatch.com
In October 2004 interview with Fortune magazine Langone defended the massive payout he authorised as New York Stock Exchange compensation committee chair to the former NYSE head Dick Grasso. Commenting on some of the members of the NYSE Board of Directors Langone said "They got the wrong fucking guy. I'm nuts, I'm rich, and boy, do I love a fight. I'm going to make them shit in their pants. When I get through with these fucking captains of industry, they’re going to wish they were in a Cuisinart — at high speed. If Grasso gives back a fucking nickel, I’ll never talk to him again."
http://money.cnn.com/2006/05/25/news/companies/home_depot/index.htm
Home Depot has their annual meeting after giving the CEO what many consider an excessive pay package. Nobody from the board of directors shows up other than the CEO who quickly shuts down anybody from complaining about his pay package.
Here's the name of their board of directors so we know who not to elect:
Gregory D. Brenneman
CEO
Burger King Corp.
Richard H. Brown
Former Chairman and CEO
Electronic Data Systems Corporation
John L. Clendenin
Retired Chairman, President, and CEO
BellSouth Corporation
Claudio X. González
Chairman and CEO
Kimberly-Clark de Mexico, S.A. de C.V.
Milledge A. Hart, III
Chairman of the Board
Hart Group, Inc.
Bonnie G. Hill
President
B. Hill Enterprises, LLC
Laban P. Jackson Jr.
Chairman & CEO
Clear Creek Properties, Inc.
Lawrence R. Johnston
Chairman, CEO & President
Albertsons, Inc.
Kenneth G. Langone
Chairman of the Board, CEO, and President
Invemed Associates, Inc.
Angelo Mozilo
Chairman and Chief Executive Officer
Countrywide Financial Corporation
Robert L. Nardelli
Chairman, President, and CEO
The Home Depot, Inc.
Thomas J. Ridge
Former Secretary of Homeland Security and Governor of Pennsylvania
Ken Langone.... that name sounds familiar.
Wait - it is!
From SourceWatch.com
In October 2004 interview with Fortune magazine Langone defended the massive payout he authorised as New York Stock Exchange compensation committee chair to the former NYSE head Dick Grasso. Commenting on some of the members of the NYSE Board of Directors Langone said "They got the wrong fucking guy. I'm nuts, I'm rich, and boy, do I love a fight. I'm going to make them shit in their pants. When I get through with these fucking captains of industry, they’re going to wish they were in a Cuisinart — at high speed. If Grasso gives back a fucking nickel, I’ll never talk to him again."
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