Patrick McGurn
Patrick McGurn
blame closer definitely flags language opposed red
There were definitely some that went closer to saying, 'Don't blame me,' as opposed to saying, 'This is the process,' ... I think that probably should set off more red flags as the language got stronger.
almost last policies six spread within
Just within the last six months, these policies have spread pretty quickly. It's almost a proxy now for boardroom accountability.
earnings managing outright slippery slope
The '90s was the slippery slope from managing expectations to managing earnings to outright fraud.
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.
people starts talking
If it starts to happen, then people will start talking about why there wasn't a collar.
both snake software
He was selling, unfortunately, both software and snake oil.
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.
bonus cash company felt primary problem
We felt the primary problem at this company was with the cash bonus program.
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.
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.
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.
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.