impluCorporation

MICHAEL MACMILLAN, SEVP, GROUP PRESIDENT at TJX COMPANIES ($TJX) is now on implu

MICHAEL MACMILLAN, SEVP, GROUP PRESIDENT at TJX COMPANIES ($TJX) is now on implu

Tags: new implu executive drew is watching TJX
Related URLs: TJX COMPANIES INC /DE/
3 total votes | Comments (0) | Created by steve on 2011-02-09 - Login to vote or comment!

Southwest CFO: No cash problem

DALLAS (AP) -- Southwest Airlines has "very limited financing needs" and little immediate exposure to the turmoil in the financial markets, the chief financial officer said Wednesday. Laura Wright said Southwest (LUV, Fortune 500), which enters fuel-hedging transactions with financial-services firms as counterparties, has no exposure to bankrupt Lehman Brothers (LEH, Fortune 500) and only a small amount to brokerages that don't have a commercial banking side. Wright said Southwest, which reported about $5.8 billion in cash and short-term investments on June 30, has enough cash set aside to cover about 85% of its fuel-hedging positions, according to CNNMoney.com.

Tags: CFO Crisis Airlines
Related URLs: WRIGHT LAURA
5 total votes | Comments (0) | Created by steve on 2008-10-01 - Login to vote or comment!

Walter W. Bettinger II Appointed SCHWAB CHARLES CORP President & CEO

On September 8, 2008, the Compensation Committee of the Board of Directors of The Charles Schwab Corporation ("CSC") approved compensation for Walter W. Bettinger II, who was appointed to serve as President and Chief Executive Officer of the Corporation, effective October 1, 2008, and for Charles R. Schwab, who will continue to serve as Chairman of the Board after October 1, 2008.

Tags: Appointed President CEO Salary Compensation
Related URLs: SCHWAB CHARLES CORP • BETTINGER WALTER W
5 total votes | Comments (0) | Created by catalyst043 on 2008-09-13 - Login to vote or comment!

SIX FLAGS Files For Bankruptcy

In a letter to employees, CEO Mark Shapiro wrote: "This morning, Six Flags announced it is seeking expedited approval from the Bankruptcy Court for the District of Delaware of its pre-negotiated plan of reorganization under Chapter 11 of the United States Bankruptcy Code. The plan has unanimous support of the lenders' Steering Committee and the Administrative Agent for the Company's $1.1 billion senior secured credit facility. This support is evidenced by executed lock-up agreements."

Tags:
Related URLs:
4 total votes | Comments (0) | Created by corey on 2009-06-14 - Login to vote or comment!

EDWARD E WHITACRE, JR Will Become General Motors Chairman After Bankruptcy

Whitacre was the former chairman and CEO of AT&T.

Tags:
Related URLs: GENERAL MOTORS CORP
4 total votes | Comments (0) | Created by corey on 2009-06-09 - Login to vote or comment!

Intel Acquires Wind River Systems for $884 Million

Intel Corporation has agreed to acquire Wind River Systems by purchasing all outstanding Wind River common stock for $11.50 per share in cash ($884 million.)

Tags: acquisition
Related URLs: INTEL CORP
4 total votes | Comments (0) | Created by corey on 2009-06-04 - Login to vote or comment!

SEC Filing Charges Against Former Countrywide CEO Angelo R Mozilo

The Securities and Exchange Commission has filed securities fraud charges and insider trading charges against former Countrywide Chairman and CEO Angelo R Mozilo. Eric Sieracki and David Sambol were also charged.

Tags: fraud insider
Related URLs: COUNTRYWIDE FINANCIAL CORP • SAMBOL DAVID (Hidden Hills, CA)
4 total votes | Comments (0) | Created by corey on 2009-06-04 - Login to vote or comment!

Best Buy iPhone Inventory Running Low

Just like what happened before the release of the iPhone 3G, Best Buy's lack of iPhone inventory has many speculating that we'll see new iPhone software and hardware at next week's WWDC.

Tags:
Related URLs: APPLE INC
4 total votes | Comments (0) | Created by corey on 2009-06-03 - Login to vote or comment!

Peter G Peterson Foundation to Receive $1 Billion

Peter G. Peterson, co-founder of Blackstone Group, plans to commit $1 billion to the foundation.

Tags:
Related URLs: BLACKSTONE GROUP L.P. • PETERSON PETER G
4 total votes | Comments (0) | Created by corey on 2009-06-02 - Login to vote or comment!

General Motors to the Pink Sheet - GMGMQ

GM's new trading symbol on the pink sheets is GMGMQ.

Tags:
Related URLs: GENERAL MOTORS CORP
4 total votes | Comments (0) | Created by corey on 2009-06-02 - Login to vote or comment!

Former Bear Stearns CEO Joins Guggenheim Partners

The last CEO of Bear Stearns, Alan Schwartz, will join Guggenheim Partners as executive chairman.

Tags:
Related URLs: BEAR STEARNS COMPANIES INC • SCHWARTZ ALAN D
4 total votes | Comments (0) | Created by corey on 2009-06-02 - Login to vote or comment!

Common Tax Law Restrictions on Activities of Exempt Organizations

Common Tax Law Restrictions on Activities of Exempt Organizations The chart below compares seven federal tax law attributes of five common types of tax-exempt organizations. 501(c)(3) 501(c)(4) 501(c)(5) 501(c)(6) 527 Receive tax-deductible charitable contributions YES NO NO NO NO Receive contributions or fees deductible as a business expense YES YES YES YES NO Substantially related income exempt from federal income tax YES YES YES YES YES Investment income exempt from federal income tax LTD* YES YES YES NO Engage in legislative advocacy LTD YES YES YES LTD Engage in candidate election advocacy NO LTD LTD LTD YES Engage in public advocacy not related to legislation or election of candidates YES YES YES YES LTD *Private foundations are subject to tax on their net investment income. Updated: August 27, 2008 http://www.irs.gov/charities/index.html

Tags: exempt organizations tax restrictions
Related URLs:
4 total votes | Comments (0) | Created by jcmbike on 2009-01-04 - Login to vote or comment!

NAN STUTZ, SEVP, GROUP PRESIDENT at TJX COMPANIES ($TJX) is now on implu

NAN STUTZ, SEVP, GROUP PRESIDENT at TJX COMPANIES ($TJX) is now on implu

Tags: new implu executive
Related URLs: TJX COMPANIES INC /DE/
2 total votes | Comments (0) | Created by steve on 2011-02-09 - Login to vote or comment!

WILLIAM THOMAS, SR. EXECUTIVE VP, EXPLOITATION at EOG RESOURCES ($EOG) is now on implu

WILLIAM THOMAS, SR. EXECUTIVE VP, EXPLOITATION at EOG RESOURCES ($EOG) is now on implu

Tags: new implu executive
Related URLs: EOG RESOURCES INC
2 total votes | Comments (0) | Created by steve on 2011-02-09 - Login to vote or comment!

News Release by ADVANCED MICRO DEVICES ($AMD) - Board of Directors approves executive bonus awards

On February 2, 2011, the Compensation Committee (the "Compensation Committee") of the Board of Directors of Advanced Micro Devices, Inc. (the "Company") approved a bonus award for each of the following Named Executive Officers (as defined in the Company's Proxy Statement for the Annual Meeting of Stockholders held on April 29, 2010): Mr. Thomas Seifert, the Company's Senior Vice President and Chief Financial Officer and Interim Chief Executive Officer, and Mr. Emilio Ghilardi, the Company's Senior Vice President and Chief Sales Officer, for fiscal year 2010, under the Executive Incentive Plan (the "Plan"). The bonus awards consist of cash payments in the amount of $1,050,000 for Mr. Seifert and $942,865 for Mr. Ghilardi and will be paid in March 2011. Pursuant to the Plan, the bonus opportunities were based on the achievement of a pre-established key company-wide corporate financial measure, the non-GAAP operating income. The Company intends to ... (Read More)

Tags: Executive Compensation
Related URLs: ADVANCED MICRO DEVICES INC
2 total votes | Comments (0) | Created by steve on 2011-02-09 - Login to vote or comment!

News Release by HESS ($HES) - target cash bonuses for the CEO, CFO and other officers

On February 2, 2011, the Compensation and Management Development Committee of Hess Corporation ("the Company") approved target cash bonuses for the chief executive officer, chief financial officer and three most highly compensated executive officers (other than the chief executive officer and chief financial officer) of the Company for 2011. One-third of the bonus is payable based upon attainment of a specified target level of a corporate performance measure, one-third is based upon the attainment of specified business unit metrics, and one-third is discretionary based on individual performance and other qualitative factors. Payouts may range from 0% to 150% for each component of the target bonus, based on the percentage of attainment of the corporate and business unit performance measures and, with respect to the individual performance component, the Compensation and Management Development Committee's determination of an appropriate amount.

Tags: Executive Compensation
Related URLs: HESS CORP
2 total votes | Comments (0) | Created by steve on 2011-02-09 - Login to vote or comment!

ANNE FINUCANE, a Director at CVS CAREMARK ($CVS), is now on implu

ANNE FINUCANE, a Director at CVS CAREMARK ($CVS), is now on implu

Tags: new implu person
Related URLs: CVS CAREMARK CORP
2 total votes | Comments (0) | Created by steve on 2011-01-30 - Login to vote or comment!

JAMES PETERSON, VP, MARKETING & CORP. AFFAIRS at BALL ($BLL), is now on implu

JAMES PETERSON, VP, MARKETING & CORP. AFFAIRS at BALL ($BLL), is now on implu

Tags: new implu person
Related URLs: BALL CORP
2 total votes | Comments (0) | Created by steve on 2011-01-30 - Login to vote or comment!

JOSEPH ROBINSON, EXECUTIVE VICE PRESIDENT & CIO at FIFTH THIRD BANCORP ($FITB), is now on implu

JOSEPH ROBINSON, EXECUTIVE VICE PRESIDENT & CIO at FIFTH THIRD BANCORP ($FITB), is now on implu

Tags: new implu person
Related URLs: FIFTH THIRD BANCORP
2 total votes | Comments (0) | Created by steve on 2011-01-30 - Login to vote or comment!

VAUGHN TUCKSON, EVP & CHIEF OF MEDICAL AFFAIRS at UNITEDHEALTH GROUP ($UNH), is now on implu

VAUGHN TUCKSON, EVP & CHIEF OF MEDICAL AFFAIRS at UNITEDHEALTH GROUP ($UNH), is now on implu

Tags: new implu person
Related URLs: UNITEDHEALTH GROUP INC
2 total votes | Comments (0) | Created by steve on 2011-01-30 - Login to vote or comment!

WRIGLEY WM JR CO Completes Merger Wth Mars

On October 6, 2008, the merger (the "Merger") of New Uno Acquisition Corporation ("Merger Sub"), a subsidiary of New Uno Holdings Corporation ("Holdings"), with and into Wm. Wrigley Jr. Company (the "Company"), was consummated in accordance with the Agreement and Plan of Merger, dated April 28, 2008, among the Company, Mars, Incorporated, Holdings and Merger Sub (the "Merger Agreement"). Pursuant to the Merger Agreement, at the effective time of the Merger, all the members of the Company's board of directors resigned and were replaced by the directors of Merger Sub at the effective time of the Merger.

Tags: Merger Resigned Directors
Related URLs: WRIGLEY WM JR CO
4 total votes | Comments (0) | Created by catalyst043 on 2008-10-09 - Login to vote or comment!

News Release by CVS CAREMARK ($CVS) - Larry J. Merlo will become President and CEO

On January 24, 2011, CVS Caremark Corporation ("CVS Caremark" or the "Company") announced that, in furtherance of its previously announced CEO succession plan, Thomas M. Ryan is transitioning out of his position as the Company's Chief Executive Officer effective March 1, 2011. Larry J. Merlo, currently President and Chief Operating Officer, will become President and Chief Executive Officer of CVS Caremark on that date. Mr. Ryan is expected to remain non-executive Chairman of the CVS Caremark Board of Directors (the "Board") until the Company's May 2011 Annual Meeting of Stockholders, at which time he will retire from the Board and current Board member David W. Dorman will be named non-executive Chairman of the Board. CVS Caremark issued a press release on January 24, 2011 announcing Mr. Ryan's impending retirement and Mr. Merlo's promotion. The full text of the release is attached as Exhibit 99.1 to this Current Report on Form 8-K.

Tags: CEO
Related URLs: CVS CAREMARK CORP • MERLO LARRY J
2 total votes | Comments (0) | Created by steve on 2011-01-26 - Login to vote or comment!

News Release by GILEAD SCIENCES ($GILD) - executive compensation plan

On January 20, 2011, the Compensation Committee (the Committee) of the Board of Directors (the Board) of Gilead Sciences, Inc. (the Company) set the base salaries for the 2011 fiscal year for the Company's current named executive officers (the Executive Officers). The Committee also determined their bonus awards for the completed 2010 fiscal year based on their individual performance and the Company's attained level of certain financial and non-financial objectives established for that year. The independent members of the Board ratified the 2010 bonus and 2011 base salary of John C. Martin, Ph.D., the Company's Chairman and Chief Executive Officer. The approved 2010 bonuses and 2011 base salaries for the Executive Officers are as follows:

Tags: Executive Incentive Program
Related URLs: GILEAD SCIENCES INC
2 total votes | Comments (0) | Created by steve on 2011-01-26 - Login to vote or comment!

News Release by M&T BANK ($MTB) - executive compensation plan

On January 18, 2011, the Nomination, Compensation and Governance Committee (the "Committee") of M&T Bank Corporation's Board of Directors made various compensation decisions with respect to its senior executive officers that were designed to comply with the Interim Final Rule on TARP Standards for Compensation and Corporate Governance (the "TARP Interim Final Rule") issued by the U.S. Department of the Treasury ("Treasury") in June 2009. The TARP Interim Final Rule imposes certain restrictions on the compensation paid by M&T Bank Corporation and other TARP participants to its "senior executive officers" and the next twenty most highly compensated employees, including the payment or accrual of bonuses and most equity-based incentive compensation. M&T Bank Corporation's senior executive officers, who are also our named executive officers, for whom the Committee took action to adjust compensation for 2011 are: Robert G. Wilmers, ... (Read More)

Tags: Executive Compensation Plan
Related URLs: M&T BANK CORP
2 total votes | Comments (0) | Created by steve on 2011-01-26 - Login to vote or comment!

News Release by VERISIGN ($VRSN) - Compensation Committee determined to grant restricted stock units

On December 10, 2010, VeriSign, Inc. (the "Company") announced that on December 9, 2010, its Board of Directors declared a special cash dividend (the "Dividend") of $3.00 per share of its common stock, par value $0.001 per share, to be paid on December 28, 2010 (the "Payment Date") to shareholders of record at the close of business on December 20, 2010 (the "Record Date"). The Company's stock declined by approximately $3.00 on the ex-dividend date. On January 21, 2011, the Compensation Committee determined to grant restricted stock units ("RSUs") equal in value to the $3.00 Dividend, based on the price of the Company's common stock on the Payment Date, to holders of stock options outstanding under the Company's equity plans on the Record Date. For this purpose, the $32.94 stock closing price on the Payment Date was used to compute the number of RSUs to be issued, with rounding to the nearest whole share. Vested options priced below ... (Read More)

Tags: Dividend
Related URLs: VERISIGN INC/CA
2 total votes | Comments (0) | Created by steve on 2011-01-26 - Login to vote or comment!

News Release by WILLIAMS COMPANIES ($WMB) - Board elects Randall L. Barnard as Senior Vice President

On January 20, 2011, the Board of Directors of The Williams Companies, Inc. ("Williams") elected Randall L. Barnard as Senior Vice President - Gas Pipeline of Williams effective February 24, 2011. On January 24, 2011, the Board of Directors of Williams Partners GP LLC (the "General Partner"), the general partner of Williams Partners L.P., elected Mr. Barnard as Senior Vice President -Gas Pipeline and director of the General Partner, in each case effective February 24, 2011. Mr. Barnard will assume positions currently held by Philip D. Wright, who was elected as Senior Vice President-Corporate Development of Williams on January 20, 2011, effective February 24, 2011. Mr. Wright will also resign from his positions as Senior Vice President - Gas Pipeline and director of the General Partner, in each case effective February 24, 2011.

Tags: Elected
Related URLs: WILLIAMS COMPANIES INC
2 total votes | Comments (0) | Created by steve on 2011-01-26 - Login to vote or comment!

GRACE COWAN, SR. VP CUSTOMER EXPERIENCE at WASTE MANAGEMENT ($WM) is now on implu

GRACE COWAN, SR. VP CUSTOMER EXPERIENCE at WASTE MANAGEMENT($WM) is now on implu

Tags: new implu person
Related URLs: WASTE MANAGEMENT INC
2 total votes | Comments (0) | Created by steve on 2011-01-25 - Login to vote or comment!

CHARLES SHAMIAH, SENIOR VICE PRESIDENT at AMERICAN INTERNATIONAL GROUP ($AIG) is now on implu

CHARLES SHAMIAH, SENIOR VICE PRESIDENT at AMERICAN INTERNATIONAL GROUP ($AIG) is now on implu

Tags: new implu person
Related URLs: AMERICAN INTERNATIONAL GROUP INC
2 total votes | Comments (0) | Created by steve on 2011-01-25 - Login to vote or comment!

GRAHAM ATKINSON, becomes SENIOR VICE PRESIDENT at WALGREEN ($WAG)

GRAHAM ATKINSON, becomes SENIOR VICE PRESIDENT at WALGREEN ($WAG)

Tags: new appointment
Related URLs: WALGREEN CO
2 total votes | Comments (0) | Created by steve on 2011-01-25 - Login to vote or comment!

WILLIAM GREEN, becomes a Director at MCGRAW-HILL COMPANIES ($MHP)

WILLIAM GREEN, becomes a Director at MCGRAW-HILL COMPANIES($MHP)

Tags: new appointment
Related URLs: MCGRAW-HILL COMPANIES INC
2 total votes | Comments (0) | Created by steve on 2011-01-25 - Login to vote or comment!

News Release by COVENTRY HEALTH CARE ($CVH) - Executive Management Incentive Plan

On January 18, 2011, the Compensation Committee of Coventry Health Care, Inc. (the "Company") approved the Company's 2011 Executive Management Incentive Plan (the "2011 EMIP"). The 2011 EMIP is administered by the Compensation Committee of the Company. Subject to the terms of the 2011 EMIP, the Compensation Committee of the Company has full power and authority to determine the eligible participants under the 2011 EMIP and the applicable performance thresholds and the performance measurements that apply to each award. The Compensation Committee of the Company determined that all named executive officers of the Company are eligible to participate in the 2011 EMIP. The 2011 EMIP provides that performance measurements for executive officers may be based on the achievement of one or more of the following six financial objectives: earnings per share, revenue, operating earnings, membership growth, SG&A and earnings growth. The Compensation Committee has determined ... (Read More)

Tags: Executive Incentive Program
Related URLs: COVENTRY HEALTH CARE INC
2 total votes | Comments (0) | Created by steve on 2011-01-25 - Login to vote or comment!

News Release by GOOGLE ($GOOG) - equity awards for Eric Schmidt

In connection with the management changes that Google Inc. announced on January 20, 2011, the members of the Leadership Development and Compensation Committee of Google's Board of Directors (LDCC) approved equity awards for Eric Schmidt in the aggregate amount of $100 million on January 21, 2011. Consistent with Google's equity-granting practice, stock options and Google Stock Units (GSUs) will be granted in the ratio of two stock options for each GSU, which will result in a GSU grant value of approximately $55.6 million and an option grant value of approximately $44.4 million. The equity awards will be granted on February 2, 2011 (the first Wednesday of the month following the date on which the LDCC approved the grant) and will vest over a four-year period. The exact number of GSUs comprising the equity award will be calculated by dividing the GSU grant value by the closing price of Google's Class A common stock on February 1, 2011. The exact number of stock options ... (Read More)

Tags: Executive Incentive Program
Related URLs: GOOGLE INC. • SCHMIDT ERIC E
2 total votes | Comments (0) | Created by steve on 2011-01-25 - Login to vote or comment!

News Release by KING PHARMACEUTICALS ($KG) - Executive Management Incentive Awards program

On January 18, 2011, the Compensation and Human Resources Committee (the "Committee") of the Board of Directors of King Pharmaceuticals, Inc. ("King") undertook its annual review of, and approved, the performance goals for King's Executive Management Incentive Awards program (the "2011 EMIA"), which defines the parameters under which certain executives of King will be eligible to receive cash awards for achievement of certain accomplishments during 2011. Under the 2011 EMIA, adopted pursuant to the King Pharmaceuticals, Inc. Incentive Plan, awards to executive officers (as defined by the Securities Exchange Act of 1934 and referred to in this document as "Executive Officers") and other participating executives will be based upon achievement of a financial objective (the "Financial Objective"). Under the terms of the 2011 EMIA, the Committee has established and approved the Financial Objective and must approve any ... (Read More)

Tags: Executive Incentive Program
Related URLs: KING PHARMACEUTICALS INC
2 total votes | Comments (0) | Created by steve on 2011-01-25 - Login to vote or comment!

News Release by AKAMAI TECHNOLOGIES ($AKAM) - Pamela L. Craig elected to the Board

On January 19, 2011, the Board of Directors (the "Board") of Akamai Technologies, Inc. ("Akamai" or the "Company") elected Pamela L. Craig as a director to fill a newly-created vacancy on the Board, effective on April 1, 2011 (the "Effective Date"). Ms. Craig was designated as a Class II member of the Board and was elected to serve until the 2013 Annual Meeting of Stockholders or until her successor is duly appointed and qualified. Ms. Craig is the Chief Financial Officer of Accenture, a publicly-traded global management consulting, technology services and outsourcing company. Ms. Craig was recommended to the Board by its Nominating and Corporate Governance Committee in accordance with the provisions of the Nominating and Corporate Governance Committee Charter. There are no arrangements or understandings between Ms. Craig and any other person pursuant to which she was elected as a director. Ms. Craig has not yet been designated to serve on any ... (Read More)

Tags: Elected Board
Related URLs: AKAMAI TECHNOLOGIES INC
2 total votes | Comments (0) | Created by steve on 2011-01-22 - Login to vote or comment!

News Release by BOSTON PROPERTIES ($BXP) - incentive compensation program approved

On January 20, 2011, the Compensation Committee (the "Committee") of the Board of Directors (the "Board") of Boston Properties, Inc. (the "Company") approved outperformance awards under the Plan to officers and key employees of the Company. These awards (the "2011 OPP Awards") are part of a broad-based, long-term incentive compensation program, generally referred to as an "outperformance plan," designed to provide the Company's management team at several levels within the organization with the potential to earn equity awards subject to the Company creating shareholder value in a pay-for-performance structure. In 2008, the Committee implemented a similar program whereby recipients of 2008 outperformance awards would share in an outperformance pool if the Company's total return to shareholders ("TRS"), including both share appreciation and dividends, exceeds absolute and relative hurdles over the period from February 5, 2008 to ... (Read More)

Tags: Executive Incentive Program
Related URLs: BOSTON PROPERTIES INC
2 total votes | Comments (0) | Created by steve on 2011-01-22 - Login to vote or comment!

News Release by BROADCOM ($BRCM) - Restricted Stock Units Incentive Award Program

On January 18, 2011, the Compensation Committee (the "Committee") of the Board of Directors of Broadcom Corporation (the "Company") adopted a Restricted Stock Units Incentive Award Program (the "Program"). Certain of the Company's executives will be designated as participants in the Program, in the sole discretion of the Committee. The Program was adopted under, and all awards and grants of the Program shall be pursuant to, the Broadcom Corporation 1998 Stock Incentive Plan, as amended and restated. The Committee has designated the first performance cycle under the Program to be January 1, 2010 through December 31, 2010.

Tags: Executive Incentive Program
Related URLs: BROADCOM CORP
2 total votes | Comments (0) | Created by steve on 2011-01-22 - Login to vote or comment!

News Release by CIT GROUP ($CIT) - revised compensation structure for CEO, John A. Thain

CIT Group Inc., (the "Company") has revised the compensation structure for its chief executive officer, John A. Thain. For 2010, Mr. Thain received bi-monthly grants of restricted stock units with an annualized value of $5.5 million (often referred to as "stock salary"). For 2011, the Company has eliminated the stock salary component of Mr. Thain's compensation and in its place has approved a one-time grant of $5.5 million of restricted stock units, the terms of which will be consistent with restricted stock units granted to other employees. Additionally, for 2011, Mr. Thain will be eligible for a discretionary cash incentive award based on 2011 performance with a target value of $1.5 million. Mr. Thain's 2011 annual cash salary of $500,000 and total target compensation remains consistent with 2010.

Tags: Executive Incentive Program
Related URLs: CIT GROUP INC • THAIN JOHN A
2 total votes | Comments (0) | Created by steve on 2011-01-22 - Login to vote or comment!

News Release by CITIGROUP ($C) - Board approves salary increase for CEO Vikram Pandit

On January 18, 2011, the Personnel and Compensation Committee of the Board of Directors of Citigroup Inc. approved an increase in the annual rate of base salary for CEO Vikram Pandit from $1 per year to $1,750,000 per year, effective immediately. Richard Parsons, Chairman of the Board of Citigroup Inc., said that "the Board is very pleased with the progress that the company has made under Vikram's leadership. Vikram has worked tirelessly to put Citi back on the right track, spearheading a restructuring that has returned the company to profitability and positioning the company for future growth. In light of these highly positive accomplishments, the base salary established for Vikram is merited."

Tags: Executive Incentive Program
Related URLs: CITIGROUP INC • PANDIT VIKRAM S
2 total votes | Comments (0) | Created by steve on 2011-01-22 - Login to vote or comment!

News Release by COLGATE PALMOLIVE ($CL) - Victoria Dolan elected as Vice President and Corporate Controller

At its meeting on January 13, 2011, the Board of Directors of Colgate-Palmolive Company (the "Company") elected Victoria Dolan, currently Vice President, Finance and Strategic Planning for the Company's European Division, as Vice President and Corporate Controller of the Company effective February 1, 2011. Ms. Dolan, 51, joined the Company in 2008 from Marriott International, Inc. ("Marriott"), where she served as Executive Vice President, Finance and Chief Financial Officer of its vacation ownership division, responsible for the division's global finance and accounting as well as its asset management organization. Ms. Dolan joined Marriott in 2000 as Senior Vice President of Finance for Marriott's international lodging division. Prior to joining Marriott, Ms. Dolan spent nine years at The Coca-Cola Company in numerous leadership positions that included Chief Financial Officer and Executive Vice President for the Japan division. In connection with her ... (Read More)

Tags: Elected VP
Related URLs: COLGATE PALMOLIVE CO
2 total votes | Comments (0) | Created by steve on 2011-01-21 - Login to vote or comment!

News Release by FIRST HORIZON NATIONAL ($FHN) - Vicky B. Gregg elected to the Board

On January 18, 2011, the Board of Directors ("Board") of First Horizon National Corporation (the "Company") elected Vicky B. Gregg to the Board, effective immediately. Ms. Gregg also has been elected to the Board of Directors of First Tennessee Bank National Association (the "Bank"). Ms. Gregg will stand for election to the Board of the Company by the shareholders at the April 2011 annual meeting. Ms. Gregg is the Chief Executive Officer of BlueCross BlueShield of Tennessee (BCBST), a provider of group and individual health insurance plans, products, and services headquartered in Chattanooga, Tennessee. Ms. Gregg has been with BCBST since 2003. Prior to joining BCBST, Ms. Gregg served as Regional Vice President of Humana Inc. in Kentucky and Ohio.

Tags: Vicky B. Gregg
Related URLs: FIRST HORIZON NATIONAL CORP • GREGG VICKY B
2 total votes | Comments (0) | Created by steve on 2011-01-21 - Login to vote or comment!

News Release by GOOGLE ($GOOG) - financial results for the fiscal year ended December 31, 2010

On January 20, 2011, Google Inc. ("Google") is issuing a press release and holding a conference call regarding its financial results for the quarter and the fiscal year ended December 31, 2010. A copy of the press release is furnished as Exhibit 99.1 to this Form 8-K. This information shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing. Google is making reference to non-GAAP financial information in both the press release and the conference call. A reconciliation of these non-GAAP financial measures to the comparable GAAP financial measures is contained in the attached press release.

Tags: Finance
Related URLs: GOOGLE INC.
2 total votes | Comments (0) | Created by steve on 2011-01-21 - Login to vote or comment!

News Release by HEWLETT PACKARD ($HPQ) - Board of Directors new members

On January 20, 2011, the Board of Directors of Hewlett-Packard Company ("HP") elected Shumeet Banerji, Chief Executive Officer of Booz & Company; Gary M. Reiner, former Chief Information Officer of General Electric Company and current Special Advisor to private equity firm General Atlantic; Patricia F. Russo, former Chief Executive Officer of Alcatel-Lucent; Dominique Senequier, Chief Executive Officer of AXA Private Equity; and Margaret C. Whitman, former President and Chief Executive Officer of eBay Inc., to serve as directors of HP effective on January 21, 2011 (the "Effective Date"). The five new directors will stand for re-election at HP's next annual meeting of stockholders, which is scheduled to be held on March 23, 2011 (the "Stockholder Meeting"). None of the new directors has been named to serve on any committee of the Board, and the information about whether any of the new directors is expected to be named to serve on any committees of ... (Read More)

Tags: New Board Directors
Related URLs: HEWLETT PACKARD CO
2 total votes | Comments (0) | Created by steve on 2011-01-21 - Login to vote or comment!

News Release by WASHINGTON POST ($WPO) - Director Warren E. Buffett

On January 20, 2011, the Company announced that lead Director Warren E. Buffett will not stand for re-election at the Company's 2011 Annual Meeting of Shareholders. Mr. Buffett will continue to serve until the expiration of his current term on May 12, 2011.

Tags:
Related URLs: WASHINGTON POST CO
2 total votes | Comments (0) | Created by steve on 2011-01-21 - Login to vote or comment!

VICKY GREGG, a Director at FIRST HORIZON NATIONAL ($FHN), is now on implu

VICKY GREGG, a Director at FIRST HORIZON NATIONAL ($FHN), is now on implu

Tags: New implu person
Related URLs: FIRST HORIZON NATIONAL CORP
2 total votes | Comments (0) | Created by steve on 2011-01-21 - Login to vote or comment!

KATHERINE RAMUNDO, VP DEP GEN COUNSEL & ASST SEC at COLGATE PALMOLIVE ($CL) is now on implu

KATHERINE RAMUNDO, VP DEP GEN COUNSEL & ASST SEC at COLGATE PALMOLIVE ($CL) is now on implu

Tags: New implu person
Related URLs: COLGATE PALMOLIVE CO
2 total votes | Comments (0) | Created by steve on 2011-01-21 - Login to vote or comment!

News Release by AES ($AES) - Dr. Kristina Johnson appointed to the Board

On January 13, 2011, the Board of Directors (the "Board") of The AES Corporation (the "Company") appointed Dr. Kristina Johnson to the Board and its Compensation Committee. Dr. Johnson, who was a member of the Board from April of 2004 until April of 2009, will participate in the non-employee director compensation arrangements described in the Company's 2010 annual proxy statement filed with the Securities and Exchange Commission on March 10, 2010. For the 2010-2011 Board year, Dr. Johnson will receive pro rata compensation based on 98 days served during the Board calendar year. On January 18, 2011, the Company issued a press release announcing the appointment of Dr. Johnson. The press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference.

Tags: Board Appointment
Related URLs: AES CORP • JOHNSON KRISTINA M
2 total votes | Comments (0) | Created by steve on 2011-01-19 - Login to vote or comment!

News Release by AGILENT TECHNOLOGIES ($A) - Dr. Tadataka Yamada appointed to the Board

On January 12, 2011, the Board of Directors of Agilent Technologies, Inc. (the "Company"), upon the recommendation of its Nominating/Corporate Governance Committee, increased the size of the Board of Directors from 8 to 9 members and elected Dr. Tadataka Yamada to the vacancy created. Dr. Yamada was elected to serve in the class of directors that will stand for re-election at the 2013 Annual Meeting of Stockholders. Dr. Yamada will serve on the Compensation Committee and Nominating/Corporate Governance Committee of the Company's Board of Directors.

Tags: Board Appointment
Related URLs: AGILENT TECHNOLOGIES INC • YAMADA TADATAKA
2 total votes | Comments (0) | Created by steve on 2011-01-19 - Login to vote or comment!

News Release by APPLE ($AAPL) - Steve Jobs's medical leave of absence

On January 17, 2011, Apple Inc. ("Apple") issued a media advisory announcing Chief Executive Officer Steve Jobs's medical leave of absence. As CEO, Mr. Jobs will remain involved in major strategic decisions during this leave of absence, and Chief Operating Officer Tim Cook will be responsible for Apple's day to day operations. The media advisory is attached hereto as Exhibit 99.1 and is incorporated by reference herein in its entirety. In satisfaction of the disclosure required pursuant to Sections 401(b) and 401(e) of Regulation S-K, the section of the Company's 2011 Proxy Statement, filed with the SEC on January 7, 2011, entitled "Executive Officers" is incorporated by reference herein. With respect to the disclosure required pursuant to Section 401(d) of Regulation S-K, there are no family relationships between Mr. Cook and any director or executive officer of Apple. With respect to Section 404(a) of Regulation S-K, there are no relationships or related ... (Read More)

Tags: Medical Leave
Related URLs: APPLE INC • JOBS STEVEN P
2 total votes | Comments (0) | Created by steve on 2011-01-19 - Login to vote or comment!

News Release by EOG RESOURCES ($EOG) - William R. Thomas promoted to Senior Executive Vice President

On January 12, 2011, the Board of Directors (Board) of EOG Resources, Inc. (EOG) promoted William R. Thomas to the position of Senior Executive Vice President, Exploitation, effective as of February 1, 2011. Mr. Thomas, 58, has served as Executive Vice President and General Manager of EOG's Fort Worth, Texas office since February 2007 and, from June 2004 to February 2007, served as Senior Vice President and General Manager of EOG's Fort Worth, Texas office.

Tags: Promotion
Related URLs: EOG RESOURCES INC
2 total votes | Comments (0) | Created by steve on 2011-01-19 - Login to vote or comment!

News Release by SLM ($SLM) - will continue funding for student loans

On January 14, 2011, SLM Corporation (the "Company") and the related parties to the Company's asset-backed commercial paper ("ABCP") facility entered into an amendment to the existing agreement expanding the size and extending the multi-year ABCP facilities (the "Facility") which will continue to provide funding for the Company's federally-guaranteed student loans. The Facility amount is $7.5 billion reflecting an increase of $2.5 billion over the previously scheduled facility reduction. The scheduled maturity date of the facility is January 10, 2014. The company paid fees of $2 million. The usage fee for the Facility remains unchanged at 0.50 percent over the applicable funding rate. The amended facility features two contractual reductions over the term. The first reduction is on January 13, 2012, to $5.0 billion. The second reduction is on January 11, 2013, to $2.5 billion. If the company fails to reduce the facility at either trigger point, the usage ... (Read More)

Tags: Funding
Related URLs: SLM CORP
2 total votes | Comments (0) | Created by steve on 2011-01-19 - Login to vote or comment!