Patrick McGurn
Patrick McGurn
bonus cash company felt primary problem
We felt the primary problem at this company was with the cash bonus program.
control exhibit gradual past pay speed starting
Boards, frankly, are just getting up to speed in many instances on what they've done in the past and are really just starting to exhibit some control over the pay practices. It's going to be a gradual process.
earnings managing outright slippery slope
The '90s was the slippery slope from managing expectations to managing earnings to outright fraud.
fill recruit surprised
If they were going to fill it from inside, I would have thought it would be done already. I wouldn't be surprised if they go out and recruit a new director.
grants market peak sales
So many stock-option grants were made at the peak of the market that we'll be working our way through these sales for some time.
deeper demanding level market people start warren
When Warren is gone, the market will start demanding coverage. People will want a lot deeper level of analysis.
anger board notice people taken
There is still a lot of anger out there, but people have taken notice of what the board has already been doing.
aligned closely less likely performance raise seem seems
While these payments may seem eye-popping, it seems more closely aligned with the company's performance and is less likely to raise the ire of shareholders than in years past.
citizen paying
It's ridiculous. Part of being a citizen is paying taxes.
change definitely issue spreading velocity
The velocity of change on this issue is tremendous. It's definitely spreading quickly.
abide amount bad drive ethics falls high love rises sad save
It's always so sad because you love those Horatio Alger stories, and then someone rises up that high and falls so far. Ultimately, this is about ethics, and no amount of drive is going to save you if your ethics are so bad and you're not going to abide by the law.
campus cited companies corporate decline efforts few general governance proposals protest publicly reason recent responsibility social traded
Very few educational institutions have filed corporate governance or social responsibility proxy proposals at publicly traded companies in recent years. The reason for this is not clearalthough the general decline in campus protest efforts is sometimes cited as the cause.
allowed along builders certainly companies energy fit question rise rising seem ship simply tide value
The question is, have you simply allowed your ship to rise along with a rising tide and it's not the value actually provided. Certainly the builders and the energy companies would seem to fit that.
both doubt heavy lining political pulling quite sides similar situation strategy taking time war
Time Warner is pulling out the heavy guns, there's no doubt they are taking this seriously. This counter-point situation is quite similar to a political campaign, where both sides have a war room. One side is lining out a strategy and the other is responding.