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...group of Harvard professors have petitioned the Securities and Exchange Commission to alter its current proposal to give shareholders the power to nominate members of company boards, a change they say would increase companies’ exposure to volatile investor sentiment...
...professors—a group of Law School and Business School experts on corporate governance—argue in a letter sent to the SEC in mid-August that any proposal to increase shareholders’ influence on board member selection needs to be more restrictive. They wrote that speculators and raiders—the kind epitomized by “Wall Street’s” Gordon Gekko—have little long-term interest in a given company and may sacrifice long-term viability for short-term profits...
...plans to appoint 100 ruling politicians to oversee ministries. In order to transfer more power to the Cabinet - and away from ministry bureaucrats - the DPJ will also replace the Council on Economic and Fiscal Policy, an advisory group to the Prime Minister's office set up in 2001, with a National Strategy Bureau (NSB) reporting to the Prime Minister. The NSB will be key in budget and diplomatic-policy formulation. The DPJ also wants to eliminate amakudari, or descent from heaven, which places retired bureaucrats in plush jobs. "This is a new way of doing business in this country," says...
Stars and Stripes, the independent, Pentagon-funded newspaper, reported that the Department of Defense had hired the Rendon Group to assess whether the prior work of reporters asking to be embedded was "positive," "negative" or "neutral." The newspaper highlighted one journalist profile that said its purpose was to "gauge the expected sentiment of [the reporter's] work while on an embed mission in Afghanistan." Military officials in Afghanistan quickly downplayed the charges, explaining that the profiles were not an attempt to rate reporters or news outlets but rather a way to gain background information to better equip officers for interviews...
...course of several months, three of the requests were canceled. The fourth was finally approved a half a year later, but only when he bypassed military public affairs and directly contacted the officer in charge of the unit he wished to embed with. According to reports, the Rendon Group was originally hired in 2001 to track the reporting of the Doha-based network, which has been a fierce critic of U.S. policy in Iraq and Afghanistan and accused of bias by U.S. officials. Although he has never seen his profile, the producer suspects he was blacklisted because of his affiliation...