Tracy Stewart's Page

Sanford Lewis has an interesting new blogpost describing the SEC's no-action letter to Home Depot concerning shareholder proposals on political spending. The no-action letter makes it clear that shareowners will be able to present and vote on proposals for disclosure of political spending and the risks associated with such contributions, and more. The no-action letter on this issue comes at a time when many are concerned about the influx of company contributions that may have become more… Continue

Yes, that's right, Trillion with a "t". The +250 page report by Boston Consulting Group that looks at the current status of SEC productivity, ability and need for reform. They conclude that the SEC under current funding has to reprioritize and make some tough choices, or Congress needs to redefine their role or provide better funding. Period. They call the recommended reprioritization the "no regrets" initiatives.

 

The number of staff at the SEC declined from the end of 2005…

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Months after Pershing and Vornado acquired a combined 26.4% stake in  the company, J.C. Penney has announced plans to give board seats to Ackman and Roth, principals of these firms.

Penney's has worked with the investors according to reports, but the Penney's board also recently adopted a poison pill, limiting the acquistion of shares for the activist investors.

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