McKinsey & Co. has served as a consultant to Saudi Arabia for its plans for economic development. McKiney’s work there has brought it millions in revenue. Justin Scheck, Bradley Hope, and Summer Said, “McKinsey Hired Saudi Officials’...

In 2014, the number of S&P firms with it was 1%. In 2016, it was 21%. There are 58% of the S&P 500 firms that now have it. “It” is proxy access, which is the ability of longstanding shareholders to add names of candidates to the ballot...

Patricia (Trish) Williams was a representative for Wyndham Vacation Ownership, selling time-share interests in Wyndham resorts, mostly to the elderly. In 2010, she reported to her employer that the elderly were being defrauded into buying time-share interests...

Hang onto your seats! The tale of Hershey Company’s legal and political battles is rugged. Somehow Willy Wonka and the green-haired Oompa Loompas now seem perfectly normal. In 1905, Milton Hershey, found of the chocolatier, set up the Hershey...

The Securities Exchange Commission (SEC)has approved new rules that will require 1934 Act companies to report annually on what the rules call the pay-gap between the CEO and employees. Under the rule, the CEO’s pay would be compared to median employee...

The Trinity Wall Street Church is a Wal-Mart shareholder. Pursuant to Section 14 of the Securities Exchange Act of 1934, the church submitted a shareholder proposal for inclusion on the Wal-Mart. The proposal related to “whether or not the company...

Staples and Office Depot, large office supply retailers, seek to merge, the legal procedure when two companies combine into one. Together, Staples and Office Depot represent a significant portion of the retail office supply market. The result of the merger...

Monster Beverage Corporation has been repeatedly encouraged by its institutional shareholders to diversify its board of directors. The governing body is devoid of women and minorities. Tired of deaf ears, various investors have become more assertive....

In a story of intrigue, share acquisitions, and headphones, Monster has filed suit against Apple, Beats Electronics, Jimmy Iovine, and Dr. Dre. Monster LLC alleges that it had a deal with Dr. Dre, Beats, and Jimmy Iovine to purchase the iconic headphone...

In a rare victory for dissident investors, the shareholders of Darden Restaurants, Inc. voted to oust the entire board of directors in favor of the full slate proposed by Starboard Value, LP, a New York-based investment advisor. The vote, per Starboard...

Yahoo's financial performance has been disappointing to many shareholders. While the company is the number two search engine behind Google, Yahoo has only about 15% of the market compared with Google’s 50% plus. Additionally, Yahoo has been...

The government of Mexico had an on-site veterinarian program for chicken processing plants. The job of the vets was to keep tabs on the chickens to be sure that the meat supply was not contaminated by sub-par or diseased chickens coming into the plants...

Two supervisors who worked on board the BP Deepwater Horizon oil rig in the Gulf of Mexico have been indicted on manslaughter charges for their role in the explosion. The charges are based on allegations that Donald J. Vidrine and Robert Kaluza made false...

The U.S. Court of Appeals for the District of Columbia Circuit sided with the U.S. Chamber of Commerce and said the SEC was "arbitrary and capricious" in promulgating a rule known as "proxy access " that seeks to allow institutional...

Scott Thompson, made CEO of Yahoo in late 2011, has a little problem with his résumé. It states that he has an accounting and computer science degree from Stonehill College, earned in 1979. One slight problem, however. Stonehill College...

McDonald’s Corporation, owner of the yellow arches trademark and the name McDonald’s when used in conjunction with hamburgers, announced the election of a new Chief Executive Officer (CEO), Don Thompson. A vacancy was created because the current...

Are you one of the 40 million people in this country who utilized do-it-yourself software to prepare your 2010 tax returns? Either way, one of the companies in that business – H&R Bloch - is now teaching us a lesson on corporate mergers. Unfortunately...

The former CEO of the Galleon Group hedge fund, Raj Rajaratnam, who was known as the Raj at the height of the success of his multi-billion fund, was sentenced to 11 years in prison for his convictions on charges of insider trading. Although prosecutors...

Nike wants to expand, and Nike says it will stay in Oregon as the state’s second largest company, but it wants a 40-year assurance that its taxes will not increase. So, the governor has scheduled a special legislative session to tackle the “Keep...

A former controller of Playboy Enterprises who became a whistleblower was terminated in 2012. Catherine Zulfer sued for retaliatory discharge and age discrimination. A jury just awarded her a $6 million judgment. In 2010, Zulfer was directed by the...

Dennis Kozlowski, past Chief Executive Officer (CEO) of Tyco Corporation, is serving eight and a third to twenty-five years in state prison following his conviction in 2005 for grand larceny (stealing more than $1000), conspiracy ( an agreement between...

Cracker Barrel Restaurants, famous for their Old Country Stores located in each eatery, is the take-over target of restaurant investor Sardar Biglari. He has acquired to date 16% of the outstanding shares. Cracker Barrel, seeking to fend off Biglari’s...

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Citing “a lack of business integrity,” the federal government has placed BP on its list of companies barred from receiving federal contracts. Following BP’s guilty plea on charges related to the explosion at its Deepwater Horizon oil...

Per an earlier post in this blog, Wal-Mart is under investigation by the Securities and Exchange Commission and the United States Justice Department for possible bribery in Mexico. The discount retailer has a strong presence there. Money was allegedly...