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 13, 2009
CIT Group passed a poison pill. Seriously
They're close to going bankrupt and they're protecting themselves against being bought up.
I wasn't going to out the new board members, but since they've gone and done this then they're not simply people who performed bad due diligence when joining the board - they're people who are also part of the problem.
MICHAEL A. CARPENTER
Mr. Carpenter has served as Chairman of the Board and CEO of Southgate Holdings since June 2006. Previously, he served as Chairman of the Board and CEO of Citigroup Alternative Investments from September 2002 to June 2006 and as a member of the Citigroup Business Heads and Management Committees. From 1998 to 2002, Mr. Carpenter was Chairman of the Board and CEO of Citigroup’s Global Corporate & Investment Bank with responsibility for Salomon Smith Barney.
CHRISTOPHER H. SHAYS
Mr. Shays served as a Congressman in the U.S. House of Representatives representing the 4th District of Connecticut from August 1987 to January 2009.
Great - former Citigroup executive and a politician - that looks like a great bunch to have added to this Board.
I wasn't going to out the new board members, but since they've gone and done this then they're not simply people who performed bad due diligence when joining the board - they're people who are also part of the problem.
MICHAEL A. CARPENTER
Mr. Carpenter has served as Chairman of the Board and CEO of Southgate Holdings since June 2006. Previously, he served as Chairman of the Board and CEO of Citigroup Alternative Investments from September 2002 to June 2006 and as a member of the Citigroup Business Heads and Management Committees. From 1998 to 2002, Mr. Carpenter was Chairman of the Board and CEO of Citigroup’s Global Corporate & Investment Bank with responsibility for Salomon Smith Barney.
CHRISTOPHER H. SHAYS
Mr. Shays served as a Congressman in the U.S. House of Representatives representing the 4th District of Connecticut from August 1987 to January 2009.
Great - former Citigroup executive and a politician - that looks like a great bunch to have added to this Board.
posted by Larry Diamond # 9:45 PM 
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