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The Icahn Report 

Shareholder Rights advocacy promoted by financier Carl Icahn
Post Frequency: 0.6/day Last Entry: April 16, 2009 at 15:18:25 Recent Entries: 181
By Carl Icahn
Go to The Icahn Report, find other Corporate Governance blogs, or browse all law blogs.
In The News
Posted on December 17, 2008Executive Pay Limits may Prove Toothless ? Washington Post JDSU to pay CEO $400K bonus within week of leaving ? Docu-Drama via San Jose Mercury news Poison Pills in the Oil Patch ? Motley Fool Why punish powerless and innocent...
Change the Rules for Proxy Voting
Posted on December 16, 2008In 1992, after 25 years as a civil engineer for the City of New York, Phillip Goldstein and partner Steve Samuels co-founded what is now Bulldog Investors, a value oriented investment firm that focuses primarily in closed-end funds, small-cap operating...
In the News
Posted on December 12, 2008Corporate Leadership and the Crisis by Carly Fiorina ? WSJ Scott+Scott LLP Files Class Action Lawsuit Against Elan Corporation, plc On Behalf of Investors ? Reuters JPS board votes to eliminate executive bonuses ? Fort Worth Star Telegram Is bad...
United Shareholders of America
Posted on December 10, 2008This post was also published on Harvard Law School Corporate Governance Blog Eliot Spitzer offered up some insightful commentary (Nov. 16, Washington Post) on the public corporation's fall from favor and rightly pointed to basic issues in corporate governance that...
CEOs of Fannie, Freddie Blamed for Collapses
Posted on December 10, 2008(From time to time, starting today, the Icahn Report will be publishing news of interest written by staff.) The CEOs of mortgage giants Fannie Mae and Freddie Mac were warned repeatedly by their risk officers about the dangers of investing...
In The News
Posted on December 10, 2008MD Rep. Cummings questions AIG retention payments ? AP News Finally, Some Semblance of Rationality to Wall St.'s Compensation Structure ? Seeking Alpha IPOs and Executive Compensation ? Race to the Bottom SEC poised to finalize rule on interactive data...
Tax Relief for Golden Parachutes? No Way!
Posted on December 09, 2008Let?s say you're the CEO of a big company and your friends on the board have awarded you a big "golden parachute" severance package so you?ll be set for life if the company gets taken over. Nice deal for you....
In The News
Posted on December 09, 2008Morgan Stanley adopts Clawback provision ? Dealbook via Dealbreaker Tribune Bankruptcy Reveals Golden Parachute payouts ? NowPublic.com Dillard?s Row Worsens ? New York Post Corporate Responsibility and the Financial Crisis ? CRO Shareholders Ponder North Dakota Law - WSJ Holding...
Companies Must Pay for Some Shareholder Challenges
Posted on December 05, 2008Charles M. Elson is the Edgar S. Woolard, Jr., Chair in Corporate Governance and the Director of the John L. Weinberg Center for Corporate Governance at the University of Delaware. He is also "Of Counsel" to the law firm of...
In The News
Posted on December 04, 2008Gaylord Entertainment uses the poison pill to reject TRT?s bid to increase its stake ? AP News via MSN money Raleigh News and Observer reports that Icagen would hinder any takeover try Bank Layoffs: Credit Suisse, State Street, Carlyle and...
In the News
Posted on December 03, 2008General Motors and Ford CEOs putting their salary on the line ? Los Angeles Times Boston Business Journal says it?s time for corporate boards to step up to the plate Lifting the Lid-US firms struggle to globalize the boardroom -...
Paulson is Right: The System Needs Fixing
Posted on December 02, 2008Treasury Secretary Hank Paulson, in a speech this month, gave some prescriptions for fixing components of the financial system which are worthy of consideration, including changing flawed executive compensation plans and rectifying failed regulatory systems...
In the News
Posted on December 02, 2008CEO pay lucrative in Carolinas ? Raleigh News and Observer GM, The Bailout and the Role of the Board ? Race to the Bottom Putting A Value on a C.E.O. ? New York Times via Dealbook Corporate Boards are Broken-...
In The News
Posted on November 26, 2008- Three former UBS officials to forgo $27 mn in compensation - Dealbook - Banks ask for clarity on Fair Value Accounting - Reuters - AIG exec Cassano's statements probed by prosecutors - Bloomberg - AIG says no 2008 bonus...
In the News
Posted on November 25, 2008Wachovia execs could get $98.1 mn in severance ? Reuters via Seeking Alpha What are the governance implications of the federal bailout? - Riskmetrics
Shareholders Should Decide Where Companies Incorporate
Posted on November 20, 2008One big reason our economy is in crisis is because self-serving corporate managements and boards failed to provide sufficient risk controls over their finances. The credit crisis was largely preventable and it just shows the extent of mismanagement in corporate...
In the News
Posted on November 20, 2008Before the Bust, These CEOs Took Money Off the Table ? WSJ (subscription required) Financial Week reports that several directors sit on the boards of the two industries hit hardest by the economic downturn and seeking the most government aid....
In the News
Posted on November 19, 2008Big 3 CEOs flew private jets to ask for public funds. ? ABC News US Chief Executives call for 3 billion dollar stimulus reports Dealbook Finlay on Governance questions 'What if Citigroup had a real board?' Social Devlopments points out...
In The News
Posted on November 18, 2008UBS reins in compensation for top executives reports Reuters The Charlotte Observer cites Goldman in recognizing pressure is growing for all bank executives to give up their bonuses Andrew Cuomo thinks execs at Citigroup should follow Goldman?s lead ? New...
Limit Company Size and Encourage Short Selling
Posted on November 17, 2008Dylan Ratigan has established himself as a top financial anchor and reporter through his work on CNBC shows such as "On the Money" and "Closing Bell" as well as during his tenure at Bloomberg News, where he served as a...
Agenda for a New President: Improve Corporate Governance
Posted on November 14, 2008Nell Minow is the editor of The Corporate Library, an independent research firm specializing in corporate governance. By Nell Minow President Obama will come into office with very little time to head off a long-term economic downturn. The recent volatility...
In The News
Posted on November 13, 2008Citigroup directors looking to replace their chairman ? Reuters The Daily Telegraph reports Morgan Stanley will cut 10% of its investment bank staff The US Government is on the hook for $5 trillion due to the financial crisis writes Forbes...
In the News
Posted on November 12, 2008The Philadelphia Inquirer questions whether WHYY?s board is paying CEO Wiliam J. Marazzo too much South Carolina Gov. Mark Sanford asked federal authorities to investigate a more than $12 million payday for a bank CEO ahead of the bank?s application....
In the News
Posted on November 11, 2008Truck Trend Blog discusses executive compensation of the Detroit 3 Treasury says AIG must comply with executive pay curbs reports Reuters US taxpayers say Wall Street bonuses should be zero according to Blogging Stocks Shareholders? proposals should not be advisory...
Bonus Bonanzas Should End with Bailouts
Posted on November 05, 2008The U.S. Treasury is spending some $700 billion or more in taxpayer funds to bail out scores of financial institutions that helped get us into this credit mess. Now it turns out that a large chunk of this money may...
Compensation Consultants Grease the Executive Pay Casino
Posted on October 31, 2008Executive pay is out of control in this country. CEOs of Fortune 500 companies now make about 520 times the average worker. Yale School of Management argues they make about three times more than their counterparts in Japan and more...
100 Million Reasons Why We Need Governance Changes Now: Join USA
Posted on October 27, 2008The number of people who own stock in this country, through individual accounts, mutual funds and others, is higher than it ever has been, an estimated 100 million people. So it logically follows that what is good for stockholders is...
Paulson Demands Too Little from Banks on Exec Pay
Posted on October 21, 2008Treasury Secretary Hank Paulson, appearing on CNBC last week, seemed proud of the fact that the CEOs of the nation's nine largest banks agreed to restrictions on golden parachutes, salaries and bonuses in return for a massive, $125 billion taxpayer...
The Buck Doesn?t Stop Anywhere with the Paulson Plan
Posted on October 16, 2008The latest U.S. government plan to take preferred equity stakes in financial institutions is a great step in the right direction. But it lacks one key element - the government should give shareholders enhanced rights if they wish to replace...
Where was the Lehman Board as the Crisis Unfolded?
Posted on October 13, 2008The collapse of Lehman Brothers, with its massive losses for shareholders and employees and near-catastrophic market consequences, obviously reflects an abject failure of management in risk oversight. But who allowed the management to take these risks? Where was the Lehman...
Previous | Next
Report Offers Motor Vehicle Accident Death Rates in Frederick County, Maryland Between 2001 and 2006
A recent analysis by the Frederick News-Post of deadly accidents i...
Insurance Department Issues Second Annual Ohio Medical Liability Closed Claim Report
COLUMBUS — The Ohio Department of Insurance has issued its secon...
UNICEF report on Gender Equality and Children
According to a report from UNICEF, despite the international commu...
Report on Opening Records for Adult Adoptees
"FOR THE RECORDS: RESTORING A RIGHT TO ADULT ADOPTEES Author: Made...
Mitchell Report Summary
Report on Steroid Drug Use in Major League Baseball by Senator George Mitchell
Truth In Lending Act
Consumer Loans and Consumer Credit Protection Act
I have worked for this employer for only three weeks. The employer makes up his own rules as to what he chooses to report for the purpose of property taxes. He tells me to "let them come after us". He defines Entertain
He arrogantly insists, "let them come after us." Well, if you are invo...
I had an account with GEMB/Select Comfort to buy a new bed back in 2005. After paying it off (in 2006), I requested they close the account. In January of 2008, I declared bankruptcy (chapter 7). The creditor was NOT list
if you did pay it off before the bankruptcy and it wasn't listed as a accou...
Can driving accident be cause for termination?
If your state is an at-will state, the company can fire you for any reason or fo...
My father died and left my mother $200,000 (life insurance) My Mother died 2 years later leaving my sister and I with both about $75,000 each. (including house/vehicles/belongings which I never got). We were supposed to
File a police report. Two police reports, one for you and one for your sister. G...
Some elses debt is being reported by a bank to the crecit agencies. They know and have ackowledged it is not mine, yet it is still being listed as mine. it was my son's and no I didn't co-sign. It is adversly
It is easy for the bank and the credit reporting agencies to clear this confusio...

I have worked for this employer for only three weeks. The employer makes up his own rules as to what he chooses to report for the purpose of property taxes. He tells me to "let them come after us". He defines Entertain
He arrogantly insists, "let them come after us." Well, if you are invo...
I had an account with GEMB/Select Comfort to buy a new bed back in 2005. After paying it off (in 2006), I requested they close the account. In January of 2008, I declared bankruptcy (chapter 7). The creditor was NOT list
if you did pay it off before the bankruptcy and it wasn't listed as a accou...
Can driving accident be cause for termination?
If your state is an at-will state, the company can fire you for any reason or fo...
My father died and left my mother $200,000 (life insurance) My Mother died 2 years later leaving my sister and I with both about $75,000 each. (including house/vehicles/belongings which I never got). We were supposed to
File a police report. Two police reports, one for you and one for your sister. G...
Some elses debt is being reported by a bank to the crecit agencies. They know and have ackowledged it is not mine, yet it is still being listed as mine. it was my son's and no I didn't co-sign. It is adversly
It is easy for the bank and the credit reporting agencies to clear this confusio...








