Patrick Mcgurn

Patrick Mcgurn News

  • Oracle Investors Reject CEO Ellison’s Pay at Annual Meeting

    Oracle Corp. shareholders rejected the pay packages of Chief Executive Officer Larry Ellison and other top managers for a second year, hewing to the recommendation of a proxy adviser that said their compensation is out of sync with the company’s performance.

  • Hewlett-Packard Shareholders Vote Against Executive Compensation Packages

    Hewlett-Packard Co. investors , gathered at an annual meeting today, voted against proposed compensation packages for top executives, signaling that shareholders want more influence over how managers are rewarded.

  • ‘Dead Hand’ Slows Activist Meister $2.9 Billion REIT Buyout Bid

    All company founders will fight to keep their jobs, maybe none more so than Barry Portnoy and his son Adam.

  • Boeing Holders Vote on CEO-Chairman Split Amid 787 Woes

    Boeing Co., struggling to fix the grounded 787 Dreamliner, must let investors vote on splitting the roles of chief executive officer and chairman to strengthen oversight, the Securities and Exchange Commission said.

  • Gallagher Faces $1 Million Pay Cut If Confirmed for SEC Post

    Daniel M. Gallagher will take a pay cut of more than $1 million a year if the Senate confirms him for a spot on the U.S. Securities and Exchange Commission.

  • Mellanox Jumps on CEO-Chair Split Vote: Israel Overnight

    Mellanox Technologies Ltd., the Israeli software developer down 52 percent from last year’s peak, is gaining on speculation shareholders will endorse splitting the chairman and chief executive roles to bolster confidence in the company’s earnings forecasts.

  • J. Crew Board Ties to TPG, Drexler May Pose Buyout Conflicts

    In 1997, Josh Weston persuaded the founder of J. Crew Group Inc. to sell the company to TPG Capital. Now, he’s heading the special board committee that approved TPG’s offer to again buy the apparel retailer.

  • Scrutiny of Goldman’s Board Focusing on Silence Over Conflicts

    Greg Palm , Goldman Sachs Group Inc. general counsel, took a call in his 37th-floor office at One New York Plaza on Dec. 16, 2008. It was his old boss, Stephen Friedman , a former Goldman chairman who was then head of the audit committee of its board of directors. Goldman’s stock was down 65 percent from its 52-week high during an accelerating global financial breakdown.

  • SEC Plan to Pry Open Corporate Boards May Face Challenge

    Ever since President Barack Obama signed the new law revamping financial regulation on July 21, the focus has been on Wall Street institutions that, in Obama’s words, took risks that “endangered the entire economy.” One provision that received relatively little public attention will make it easier for shareholders to oust board members from companies of all sorts. It’s a move that businesses far from Wall Street have been fighting for nearly a decade.

  • Goldman's Silent Board

    Amid a storm of criticism, government investigations and an SEC suit, the investment bank’s outside directors have failed to speak out.

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