C-Suite Insight Magazine

May 18, 2012

C-Suite Insight — Fri, 18 May 2012 18:19:39 +0000

Cynthia R. Cohen was elected to the Board of Directors (EQY).
Robert D. Paulson stepped down as Board Member from VTR.

Facebook IPO Makes Zuckerberg Richer Than Google Founders – Bloomberg

C-Suite — Fri, 18 May 2012 17:46:32 +0000

May 17, 2012 – Read Full Article
“Facebook Inc.’s $16 billion initial public offering has made 28-year-old Mark Zuckerberg the 29th richest person on Earth.”

Senate’s Brown Urges Dimon to Consider Compensation Clawbacks – Bloomberg Businessweek

C-Suite — Fri, 18 May 2012 17:35:33 +0000

May 17, 2012 – Read Full Article
“JPMorgan Chase & Co. Chairman and Chief Executive Officer Jamie Dimon should “impose financial penalties” on the employees responsible for the bank’s trading loss of more than $2 billion, U.S. Senator Scott Brown said.”

Williams Discusses Future Growth Plans at Shareholders Meeting – Tulsa World

C-Suite — Fri, 18 May 2012 17:34:53 +0000

May 18, 2012 – Read Full Article
“The annual Williams Cos. Inc. shareholders meeting Thursday downtown was as quick and quiet as the nearby Mayfest is long and lilting. And Williams’ leadership was probably happy to have it that way.”

Votes Now Tougher at Ansys – Pittsburgh Post Gazette

C-Suite — Fri, 18 May 2012 17:34:29 +0000

May 18, 2012 – Read Full Article
“Ansys Inc. shareholders voted Thursday to give themselves a bigger say regarding executive compensation and approved new terms for three members of the Southpointe software developer’s board of directors.”

CP Rail Shakeup a Warning for Cozy Canadian Boardrooms – The Star

C-Suite — Fri, 18 May 2012 17:34:06 +0000

May 17, 2012 – Read Full Article
“The toppling of Canadian Pacific Rail’s board of directors Thursday following months of pressure from activist investor Bill Ackman is a wake-up call for other “dated and cozy” Canadian boardrooms, some warn.”

May 17, 2012

C-Suite Insight — Thu, 17 May 2012 18:24:34 +0000

John Niels Molbeck Jr. signed an amended agreement (HCC).
Rose M. Robeson joined DPM as SVP and CFO.
Robert A. Milton was elected to the Board of Directors (AL).
Erik Miller stepped down as VP, Marketing and Business Development from APPY.
Brian Zietsman is now Executive Director, Finance; Principal Financial and Accounting Officer at UGNE.

Pay Clawbacks Raise Knotty Issues – The Wall Street Journal

C-Suite — Thu, 17 May 2012 17:58:48 +0000

May 17, 2012 – Read Full Article
“Wall Street is getting its first high-profile opportunity to prove it is serious about recovering pay from executives whose blunders waste shareholder treasure.

J.P. Morgan Chase, the nation’s biggest bank by assets, is expected to try to claw back some of the pay it awarded to executives and traders at the unit at the center of a trading debacle that has cost it more than $2 billion. Clawbacks at the unit, known as the Chief Investment Office, are “likely,” a person close to the bank has said.”

Matrix Under Fire for Executive Bonuses After ‘Disastrous Year’ – The Chronicle Herald

C-Suite — Thu, 17 May 2012 17:58:35 +0000

May 16, 2012 – Read Full Article
“Matrix Asset Management Inc. senior executives fended off a barrage of criticism about management bonuses Wednesday after what one analyst called a “disastrous year.””

CP Rail CEO Fred Green Steps Down in Historic Boardroom Shakeup – The Star

C-Suite — Thu, 17 May 2012 17:58:18 +0000

May 17, 2012 – Read Full Article
“Just hours before the showdown between Canadian Pacific Railway and hedge fund Pershing Square Capital Management, the company dropped a bombshell that five key members of the board including chair John Cleghorn would not be standing for re-election.”