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...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 period...

Author: /time Magazine | Title: More Angry Investors Say, Throw the Boards Out | 9/23/2009 | See Source »

...What did they say? Well, I got through to eight of them; they were bemused, but obviously they weren't going to say much until they saw the book. But some of them were very pleased...

Author: /time Magazine | Title: Ralph Nader, Fiction Writer | 9/23/2009 | See Source »

...over the past year, the recession has taken its toll on bottom lines. Melco Crown, for example, swung to a loss of $179 million in the first six months of 2009, compared with a gain of $37.5 million in the same period a year earlier. Wynn's Macau operations saw net profit sink 35% in the first half of 2009. CLSA's Fischer, however, believes the industry is set for a turnaround. Cost-cutting measures implemented during the recession, he says, will help the casinos turn bigger profits amid the recovery. "Once you see revenue recover, you'll see earnings...

Author: /time Magazine | Title: Macau: Is the Casino Boom Back? | 9/23/2009 | See Source »

Many a jaded commentator saw Obama's Tuesday meeting with Netanyahu and Palestinian Authority President Mahmoud Abbas as a symbol of surrender to Netanyahu's refusal of the U.S. demand that Israel halt all construction on land conquered in 1967. Instead, Netanyahu offered a partial and time-limited freeze and appeared to force the President of the United States to back down. For Abbas, the handshake with Netanyahu orchestrated by Obama was viewed as a humiliating climbdown from his refusal to talk to the Israelis until they implemented that settlement freeze. (Read about the photo-op peace process...

Author: /time Magazine | Title: Did Netanyahu Best Obama in Mideast-Peace Tussle? | 9/23/2009 | See Source »

Last week, we saw the latest of a number of vocal protests of the layoffs of workers, but this time they had a new message. Through their actions and words, union activists argued that sanitation standards have suffered because fewer janitors now clean Harvard in less time due to layoffs and cuts in working hours. The new tactic rings false, as it flies in the face of Harvard’s actions to promote cleanliness over the first few weeks of school...

Author: By The Crimson Staff | Title: The Wrong Target | 9/22/2009 | See Source »

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