tag:blogger.com,1999:blog-49808522408053646802012-02-16T01:20:10.895-08:00dbz2001http://www.blogger.com/profile/09434283343250761494noreply@blogger.comBlogger27125tag:blogger.com,1999:blog-4980852240805364680.post-1190933051115245372023-12-31T11:33:00.000-08:002009-12-19T13:57:14.151-08:00

The Outrage

DDhttp://www.blogger.com/profile/05878168320061098602noreply@blogger.comtag:blogger.com,1999:blog-4980852240805364680.post-79508422608322187082023-12-01T22:23:00.000-08:002010-05-01T09:57:37.867-07:00

Reviews and Comments

DDhttp://www.blogger.com/profile/05878168320061098602noreply@blogger.comtag:blogger.com,1999:blog-4980852240805364680.post-63765581064364089322020-12-31T11:38:00.000-08:002009-12-02T08:45:41.724-08:00

Take Action

DDhttp://www.blogger.com/profile/05878168320061098602noreply@blogger.comtag:blogger.com,1999:blog-4980852240805364680.post-59881326386290178422020-12-01T16:01:00.000-08:002010-05-01T11:12:40.787-07:00

The Book     Excerpts     Chapter Overviews     Recommendations

DDhttp://www.blogger.com/profile/05878168320061098602noreply@blogger.comtag:blogger.com,1999:blog-4980852240805364680.post-48233587794674496702010-02-16T21:25:00.001-08:002010-02-16T21:51:50.768-08:00

Boardroom Culture Create a new class of public directors Insist on greater gender, ethnic, experiential, and, most importantly, perceptual diversity Impose term limits on independent directors Limit directors to serving on three or fewer boards Require directors to put more skin in the game with meaningful equity purchases Initiate more communication between directors and shareholders

dbz2001http://www.blogger.com/profile/09434283343250761494noreply@blogger.comtag:blogger.com,1999:blog-4980852240805364680.post-92162611296693200442010-01-17T17:34:00.000-08:002010-01-31T23:16:21.827-08:00

Media Clips / Contact

dbz2001http://www.blogger.com/profile/09434283343250761494noreply@blogger.comtag:blogger.com,1999:blog-4980852240805364680.post-66413489848299664562010-01-17T16:41:00.000-08:002010-02-03T11:08:08.053-08:00

Print/Online: Newsweek: "Wall Street’s Fishbowl: How banks brought on the scrutiny." New York Times Review: "Taking Away Directors' Rubber Stamps: In Money For Nothing, A Call for Accountable Directors" Simon and Schuster / Free Press Official Website for Money For Nothing Gillespie/Zweig, Daily Beast: Blogs & Stories: How Boards Are Destroying Corporations Kurt Andersen, Daily Beast: The

dbz2001http://www.blogger.com/profile/09434283343250761494noreply@blogger.comtag:blogger.com,1999:blog-4980852240805364680.post-41911590412731583482010-01-17T07:02:00.000-08:002010-04-30T23:05:46.175-07:00

Offers... a valuable new perspective by focusing on the tragicomic miscues of the people who were ostensibly meant to “govern” out-of-control managements...The authors write in a nonpedantic, readable style, and they don’t mince words.

dbz2001http://www.blogger.com/profile/09434283343250761494noreply@blogger.comtag:blogger.com,1999:blog-4980852240805364680.post-70166446353474856702009-12-31T23:59:00.000-08:002009-12-20T08:50:29.393-08:00

This is what happens when a corporate giant collapses and dies. All eyes are on the CEO, who has gone without sleep for several days while desperately scrambling to pull a rabbit out of an empty hat. Staffers, lawyers, advisors, accountants, and consultants scurry around the company headquarters with news and rumors: the stock price fell 20 percent in the last hour, another of the private equity

DDhttp://www.blogger.com/profile/05878168320061098602noreply@blogger.comtag:blogger.com,1999:blog-4980852240805364680.post-23007875298473637202009-12-28T07:54:00.000-08:002009-12-30T08:40:48.786-08:00

The internet is empowering individual investors as never before. Now you can learn what resolutions concern the companies you own, how mutual funds are voting your shares, how you can communicate with corporations, and how you can take action. One person can make a difference. Look at what Eric Jackson and 100 other small investors did with Yahoo. Here is a partial list of sites you will find

dbz2001http://www.blogger.com/profile/09434283343250761494noreply@blogger.comtag:blogger.com,1999:blog-4980852240805364680.post-74797335137171805612009-12-27T11:49:00.000-08:002009-12-30T12:24:15.291-08:00

It's easier than ever to vote your shares, and thanks to changes by the SEC, your votes mean more than ever. Until 2010, your stockbrokerage could vote your shares any way it wanted, unless you gave instructions otherwise. Many of these relationships were fraught with conflicts of interest. Shareholders' interests were often ignored. Starting now, brokers can no longer vote "uninstructed shares

dbz2001http://www.blogger.com/profile/09434283343250761494noreply@blogger.comtag:blogger.com,1999:blog-4980852240805364680.post-59163112232825787922009-12-26T12:28:00.000-08:002009-12-30T14:26:33.118-08:00

We're now in a unique window of opportunity. The nation has suffered enough financial damage that Congress is contemplating a number of serious measures to improve the way companies issues. Here are the major pieces of pertinent legislation in the Congressional pipeline: Investor Bill of Rights Act of 2009: ("The Schumer Bill") "...to provide shareholders with enhanced authority over the

dbz2001http://www.blogger.com/profile/09434283343250761494noreply@blogger.comtag:blogger.com,1999:blog-4980852240805364680.post-32310044823107293012009-12-25T00:36:00.000-08:002010-01-02T11:59:37.903-08:00

Seriously. They seem to be back from the dead. The SEC has a sparkling new Investor Advisory Council (SECIAC). It has nothing to do with the enforcement that was so lacking in recent years, but it is charged with "advising the Commission on matters of concern to investors in the securities markets; providing the Commission with investors' perspectives on current, non-enforcement, regulatory

dbz2001http://www.blogger.com/profile/09434283343250761494noreply@blogger.comtag:blogger.com,1999:blog-4980852240805364680.post-15101180635133383752009-12-20T07:30:00.001-08:002009-12-20T07:30:41.224-08:00

dbz2001http://www.blogger.com/profile/09434283343250761494noreply@blogger.comtag:blogger.com,1999:blog-4980852240805364680.post-59645290979360942772009-12-19T13:18:00.000-08:002009-12-29T16:56:37.270-08:00

Approximately 9 percent of net corporate profits went to the top five executives in major corporations in the ten years up to 2004 according to Harvard professor Lucian Bebchuk—twice what it was in the mid 1990s. All this was approved by boards.Between 1980 and 2006 there were only thirteen cases in which outside directors had to settle shareholder lawsuits with their own money.After "retiring"

dbz2001http://www.blogger.com/profile/09434283343250761494noreply@blogger.comtag:blogger.com,1999:blog-4980852240805364680.post-28165223845453238542009-12-05T18:24:00.001-08:002009-12-05T18:41:58.999-08:00

At last someone turns the spotlight on the most overlooked element of the financial meltdown--the boards of directors. With an unerring eye for the telling details and the structural and personal failures they reveal, this book is filled with insight about the failures of directors and what it takes to make it work. Must reading for directors, investors, head-hunters, lawyers, executives, and

dbz2001http://www.blogger.com/profile/09434283343250761494noreply@blogger.comtag:blogger.com,1999:blog-4980852240805364680.post-10118732902409874412009-12-05T18:15:00.000-08:002009-12-05T18:45:46.853-08:00

It's hard to imagine a more important or perfectly timed book than Money for Nothing. The reporting and research are impressive, the cool ferocity of the critique entirely persuasive. John Gillespie and David Zweig, a pair of blue-chip capitalist insiders, are the perfect whistleblowers for our shockingly corrupt and dysfunctional corporate system.

dbz2001http://www.blogger.com/profile/09434283343250761494noreply@blogger.comtag:blogger.com,1999:blog-4980852240805364680.post-47775967244724365262009-12-02T12:19:00.000-08:002009-12-19T14:02:17.458-08:00

Chapter One: Out of ControlWhat happens when a giant dies...the financial disaster...Lehman, Bear, Merrill, and GM...Alexander Hamilton, greedy CEO...the history of boards and the historical failure of regulation and reforms....Chapter Two: Ripple EffectsBear Stearns and Countrywide...corporate failures in New York bring devastation to California and rural AustraliaChapter Three: Networks of

DDhttp://www.blogger.com/profile/05878168320061098602noreply@blogger.comtag:blogger.com,1999:blog-4980852240805364680.post-37858052809267171632009-12-01T22:24:00.000-08:002009-12-01T22:33:53.940-08:00

“Gillespie, a former investment banker with Lehman Brothers, Morgan Stanley, and Bear Sterns; and Zweig, business consultant and Salon.com founder, blow the whistle on the insular, apathetic, and dangerously lackadaisical world of corporate boards. Of the world's 200 largest economies, more than half are corporations, whose economic might is matched by their political and environmental sway.

DDhttp://www.blogger.com/profile/05878168320061098602noreply@blogger.comtag:blogger.com,1999:blog-4980852240805364680.post-34514134947035040492009-12-01T15:56:00.000-08:002009-12-01T23:02:45.712-08:00

The Authors

DDhttp://www.blogger.com/profile/05878168320061098602noreply@blogger.comtag:blogger.com,1999:blog-4980852240805364680.post-35952925227656203262009-12-01T12:54:00.000-08:002009-12-29T16:58:17.706-08:00

According to an Air Force fact sheet, the F-22A Raptor fighter jet provides "an exponential leap in war-fighting capabilities that cannot be matched by any known or projected fighter aircraft." Retired General Richard Myers could be thought of in virtually the same way—as a new class of board member with the ability to stealthily navigate the corridors of government at high speed. He can deliver

DDhttp://www.blogger.com/profile/05878168320061098602noreply@blogger.comtag:blogger.com,1999:blog-4980852240805364680.post-15693740205944375352009-12-01T11:22:00.001-08:002009-12-20T07:41:56.660-08:00

Contact

DDhttp://www.blogger.com/profile/05878168320061098602noreply@blogger.comtag:blogger.com,1999:blog-4980852240805364680.post-3538289834003857262009-11-30T23:11:00.000-08:002010-01-31T23:14:20.328-08:00

A timely analysis by seasoned insiders on a too overlooked factor in the worst financial crisis in generations, and a staggering indictment of the consequences when directors do not direct....

dbz2001http://www.blogger.com/profile/09434283343250761494noreply@blogger.comtag:blogger.com,1999:blog-4980852240805364680.post-81748962234487295622009-11-30T12:55:00.000-08:002009-12-30T00:27:50.426-08:00

Create a new class of public directors: Federally mandated reforms that open the board nominating process will necessarily create a demand for new director candidates. Who will they be? Narrow special-interest nominees likely won' get enough institutional support to win. Nor would they be ideal directors. Candidates drawn from the traditional inner-circle pools promise no meaningful change. We

DDhttp://www.blogger.com/profile/05878168320061098602noreply@blogger.comtag:blogger.com,1999:blog-4980852240805364680.post-49606888674500518942009-11-30T11:15:00.000-08:002010-01-02T03:17:20.080-08:00

The new book Money for Nothing goes deep inside the elite world of corporate leaders to reveal its inner workings and show how the glaring failures of the system have imperiled our economy. As authors John Gillespie and David Zweig—both Harvard MBAs with 30-plus years of Fortune 100 experience at investments and media companies—note, more than half of the world's 200 largest economies are not

DDhttp://www.blogger.com/profile/05878168320061098602noreply@blogger.com