Nell Minow
Nell Minow
Nell Minow is an American film reviewer and writer who writes and speaks frequently on film, media, and corporate governance and investing. Ms. Minow was named one of the 20 most influential people in corporate governance by Directorship magazine in 2007. She was dubbed “the queen of good corporate governance” by BusinessWeek Online in 2003 and has received Lifetime Achievement awards from both the International Corporate Governance Network and Corporate Secretary Magazine...
banking board cannot care directors investment pitcher room steps umpire work
You cannot be on the board of directors and also be doing investment banking work for the company. I don't care if he steps out of the room or not. You cannot be the umpire and the pitcher in the same game.
expenses living pay traveling
There is really no justification to pay for any living or traveling expenses at that level, particularly now that he is in retirement.
companies entirely period public
We had a period in which companies went public entirely too quickly. Some of them never should have.
company invested pay
Usually, $100,000 invested in the company is enough to make them pay attention.
chairman create monopoly public running value
He is not the chairman of a public corporation. He doesn't create shareholder value. He is essentially a regulator, and he is running an unregulated monopoly in a way.
cliff runs underneath
He runs off the cliff and then realizes there's nothing underneath him.
anybody backwards bending brought point sure
You'd think they'd be bending over backwards to make sure that anybody they brought in at this point was squeaky clean.
actual brings committed determine enabling excessive executive funds helps interest investors job light merit mutual pay power report role tie time value voting
This report brings to light the role mutual funds play in enabling excessive compensation and helps investors determine which ones are committed to shareholder value and merit their business. The time is now for mutual funds to use their voting power in the interest of shareholders to tie executive pay to actual job performance.
data executive pay pieces
Right now, executive pay is like a scavenger hunt. You have to get little pieces of data here and little pieces of data there.
continues short terrible
Short term, it continues to be a terrible problem.
beyond conflict interest job
I was surprised. If they were just neglectful they would do a better job than this. It's beyond neglectful. It's a conflict of interest problem.
factor failures financial integrity kinds problems produces risk seeing
And we know what a risk factor that is. It produces the kinds of problems that we are seeing at AIG: failures of integrity and financial reporting.
candid open prospects supposed truth
You're supposed to tell the truth and be open and transparent and candid about your prospects -- not obfuscate.
number ways weeks
This could go any number of ways ? it could be weeks before this is over.