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.Tuesday, June 23, 2009
Three banks suspend TARP dividends and common dividends
It's probably the right move if you're that strapped, but who is THAT strapped?
Pacific Capital Bancorp(PCBC 3.39, +0.08, +2.42%) of Santa Barbara, Calif.,
Seacoast Banking Corp. of Florida (SBCF 2.32, -0.27, -10.43%) Stuart, Fla.,
and Midwest Banc Holdings Inc. (MBHI 1.01, -0.07, -6.48%) of Melrose Park, Ill.
The PCBC board is pretty much local people, and there's been some turnover in the management ranks so I wont tar these people. But doesnt that look like a good stock to short.
SBCF hasnt had much management or board turnover, so I'm a bit more suspicious here.
Dennis S. Hudson III
Chairman
Also on board of Florida Public Utilities Corp (FPU)
He is also a member of the board of directors of the Miami Branch of the Federal Reserve Bank of Atlanta. (eek!)
Dale M. Hudson
Vice Chairman
Stephen E. Bohner
Jeffrey C. Bruner
John H. Crane
T. Michael Crook
He was previously a member of Barnett Bank of Martin County’s Board of Directors for 11 years.
But you gotta love the name.
Hugh Gilbert Culbreth Jr.
Christopher E. Fogal
Jeffrey S. Furst
Mr. Furst was elected Property Appraiser for St. Lucie County, Florida in 2000. He has been a real estate broker since 1973 and is owner of Sun Realty, Inc. in Port St. Lucie, Florida.
Now that's interesting. He's on the Board of the bank, The appraiser for the property, and the owner of a local realty! *DANGER WILL ROBINSON*
A. Douglas Gilbert
Dennis S. Hudson Jr.
Thomas E. Rossin
Lead Director
Thomas H. Thurlow Jr.
Edwin E. Walpole III
Wow - three Hudsons on the Board. Two with the first name too. Gee, what's the odds that happens without them all being related. Oh yeah, this board is looking out for shareholders.
Midwest Banc Holdings - I'm not going to name this board - they booted the old CEO and got in new blood.
http://finance.yahoo.com/news/Midwest-Banc-Appoints-Roberto-bw-957624383.html?x=0&.v=5
Pacific Capital Bancorp(PCBC 3.39, +0.08, +2.42%) of Santa Barbara, Calif.,
Seacoast Banking Corp. of Florida (SBCF 2.32, -0.27, -10.43%) Stuart, Fla.,
and Midwest Banc Holdings Inc. (MBHI 1.01, -0.07, -6.48%) of Melrose Park, Ill.
The PCBC board is pretty much local people, and there's been some turnover in the management ranks so I wont tar these people. But doesnt that look like a good stock to short.
SBCF hasnt had much management or board turnover, so I'm a bit more suspicious here.
Dennis S. Hudson III
Chairman
Also on board of Florida Public Utilities Corp (FPU)
He is also a member of the board of directors of the Miami Branch of the Federal Reserve Bank of Atlanta. (eek!)
Dale M. Hudson
Vice Chairman
Stephen E. Bohner
Jeffrey C. Bruner
John H. Crane
T. Michael Crook
He was previously a member of Barnett Bank of Martin County’s Board of Directors for 11 years.
But you gotta love the name.
Hugh Gilbert Culbreth Jr.
Christopher E. Fogal
Jeffrey S. Furst
Mr. Furst was elected Property Appraiser for St. Lucie County, Florida in 2000. He has been a real estate broker since 1973 and is owner of Sun Realty, Inc. in Port St. Lucie, Florida.
Now that's interesting. He's on the Board of the bank, The appraiser for the property, and the owner of a local realty! *DANGER WILL ROBINSON*
A. Douglas Gilbert
Dennis S. Hudson Jr.
Thomas E. Rossin
Lead Director
Thomas H. Thurlow Jr.
Edwin E. Walpole III
Wow - three Hudsons on the Board. Two with the first name too. Gee, what's the odds that happens without them all being related. Oh yeah, this board is looking out for shareholders.
Midwest Banc Holdings - I'm not going to name this board - they booted the old CEO and got in new blood.
http://finance.yahoo.com/news/Midwest-Banc-Appoints-Roberto-bw-957624383.html?x=0&.v=5
posted by Larry Diamond # 9:33 AM 
Subscribe to
Posts [Atom]
View mobile version
Archives
August 2006 September 2006 October 2006 November 2006 January 2007 April 2007 May 2007 August 2007 September 2007 October 2007 December 2007 February 2008 March 2008 April 2008 June 2008 July 2008 August 2008 November 2008 February 2009 May 2009 June 2009 July 2009 August 2009
