Word: directors
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...Coco Chanel in an actual classroom in Coco Before Chanel, the meticulous, somber new biopic of the fashion designer before she became an icon. But throughout writer-director Anne Fontaine's film, the young Coco (Audrey Tatou) is a student, quietly gathering the elements of what will be her style...
...report, released this week by proxy-advisory firm Proxy Governance Inc., shows a spike in the number of shareholders casting votes against the election of a company director - even when the director was uncontested. The study found that about 10% of directors who were up for election in the first eight months of 2009 saw at least 20% of the shares either voted against them or withheld. That's up from 5.5% of directors in 2008. The percentage of directors seeing at least 40% of the shares voted against them more than doubled to 2.1% from 1% during the same...
...financial crisis has no doubt played a role in this jump," says Scott Fenn, senior managing director for policy at Proxy Governance. "There's a greater willingness on the part of big institutions to hold boards accountable and to vote against directors when they perceive a problem at companies...
Plummeting stock prices and anger over lofty compensation packages drove the trend. "When stocks start to go down and you see executives getting very big paychecks, that's when people get angry," says Dean Baker, co-director of the Center for Economic and Policy Research, a Washington think tank...
...Europe, and instead blamed French officials for failing to deal with them. "The French government has effectively washed its hands of the problem and deliberately held back from bringing these people into the French asylum system in the hope that they will make it to Britain," says Dan Hodges, director of Refugee Action, a London-based charity. "This is a grotesque game of human pass-the-parcel." (See pictures of the French crackdown at the Jungle...