Category: Corporate governance

Activists gathering at Chevron’s annual meeting

Activists held a press conference and teach-in on Tuesday in San Franciso, and plan to protest outside the gates of Chevron headquarters during Wednesday’s meeting. Some will try to enter the meeting and address shareholders directly.  More »

Chesapeake governance issues a factor for Oil India

Oil India Ltd., armed with as much as $1.3 billion cash for acquisitions, will consider Chesapeake Energy Corp.’s “corporate governance issues” before investing in the explorer’s shale assets in the U.S.  More »

Chesapeake’s employees may be hit hardest by stock’s plunge

Thousands of the embattled natural gas company’s employees have their retirement tied up in Chesapeake stock.  More »

Another concern for Chesapeake investors: what if the Thunder rolls again?

Given all the disclosures bombarding Chesapeake Energy investors in recent weeks, basketball may be the farthest thing from their minds, but the company’s liabilities extend, literally, in the arena of professional sports.  More »

Chesapeake to scrap well program that involved CEO’s loans

More disturbing disclosures may be coming from the natural gas producer as the CEO promises to reveal details of controversial loans.  More »

Dynegy disputes examiner’s conclusion of fraudulent transfer

Dynegy is both troubled and disappointed by the examiner’s report as we continue to believe our restructuring activities benefited all stakeholders and were conducted in the proper manner,” CEO Robert C. Flexon said .  More »

El Paso shareholders favor Kinder Morgan deal despite conflicts

El Paso Corp. delayed its special shareholders meeting to approve the company’s acquisition by Kinder Morgan until Friday, but the vote is already a forgone conclusion. Shareholders, it seems, are unfazed by the conflicts that a Delaware judge found in the deal.  More »

El Paso shareholders favor Kinder Morgan deal despite conflicts

El Paso Corp. delayed its special shareholders meeting to approve the company’s acquisition by Kinder Morgan until Friday, but the vote is already a forgone conclusion. Shareholders, it seems, are unfazed by the conflicts that a Delaware judge found in the deal.  More »

SEC charges ex-Noble CEO, 2 others with bribery

The SEC’s charges were the latest action in the government’s efforts to combat overseas corruption in international business  More »

Nabors’ charity effort pales against executive pay

When Nabors Industries’ overpaid chairman, Eugene Isenberg, agreed last week to give up his $100 million severance payment, the word “charity” came up a lot. But how much is he really giving?  More »

Nabors’ Isenberg forfeits $100 million severance

Nabors Industries’ ridiculously overpaid chairman has agreed to give up a $100 million severance payment that insulted shareholders last year.  More »

Transocean shuffles executives as stock lags

Transocean, the world’s largest offshore rig owner, has a new chief financial officer, who’s actually an old chief financial officer. On Monday, Gregory Cauthen returned to the job he left more than a year ago. Cauthen replaced his successor, Ricardo Rosa, who resigned last week. Rosa will officially retire from the company in April. In [...]  More »

The Isenberg backlash begins at Nabors Industries

Nabors’ Industries final kiss-off to Houston’s most overpaid executive has drawn the ire of five public pension funds who control about 1.7 million shares of the oil driller’s stock. The funds — in California, Connecticut, Illinois, New York and North Carolina – are calling for shareholders to be allowed to nominate their own directors, the [...]  More »

With tighter financial sanctions, Iran clings to oil lifeline

Just after 3 p.m. on Nov. 29, about 200 demonstrators ransacked the British Embassy in Tehran, chanting “Death to England,” setting fire to the Union Jack, carting off a portrait of Queen Elizabeth, and detaining staff as Iranian security officers stood by. It bore all the marks of a state-orchestrated provocation.  More »

Nabors’ high-flying executive perks draw SEC inquiry

Even as shareholders and corporate governance experts are decrying Nabors Industries’ $100 million severance for former chief executive Eugene Isenberg, the company history of lavish executive perks are drawing the attention of regulators. Nabors, it seems, may have a private jet problem. In a filing with the Securities and Exchange Commission Wednesday, the oil drilling [...]  More »