Weekly Wreck

Delivered to major institutional investors and parties interested in proxy matters; our recommendations are received by most major investors.

Is Apple sowing the seeds of future investor despair?

January 03, 2018
With a new $5 Billion Headquarters, a $100 million in CEO pay and the requirement that the CEO always fly private jets for "safety concerns" one has to wonder if Apple [AAPL] isn't following in the footsteps of other large American firms who didn't look ahead to the day when they were no longer k... Read More

Has the Department of Education's student aid enforcement unit been successfully muzzled?

December 27, 2017
With the new Trump administration, the pressure seems to be off for the for-profit education business. Julian Schmoke Jr., who in the past worked as a dean at DeVry University was appointed to head the Department of Education's student aid enforcement unit this past August. The stocks of firms s... Read More

Cinemark Holdings - Collateral damage in Disney/Netflix/Apple/Amazon Earthquake?

December 18, 2017
As Disney [DIS] bulks up by buying Fox Studios in order to ensure it has the size and clout to deal with the internet giants of content distribution, Netflix, Apple and Amazon, one group stands to lose the most. Theater chains like Cinemark Holdings, Inc. [CNK] already had to deal with onerous c... Read More

Aetna - Half a Billion in Conflict and Trouble

December 11, 2017
With the recent announcement that Aetna [AET] CEO Mark Bertolini stands to make half a billion dollars should his firm be acquired by CVS, there is little doubt that he will do everything in his power to make this transaction happen whether or not it's the right thing for the firm and its shareho... Read More

Uber - A Culture of Poor Governance

November 30, 2017
The hacker payoff scandal at Uber is yet one more in a string of such issues but could easily be the beginning of Uber’s decline. While other issues such as Board diversity and the resignation of the last CEO may be symptoms of the fundamental problem, a culture of poor governance, these sy... Read More

Procter & Gamble - When is it best for everyone to end the fight?

November 17, 2017
Arising from the grave like a post-Halloween nightmare the Nelson Peltz proxy fight has come back to haunt Procter & Gamble management. Not winning the contest you thought you had won is yet another reason it's best for all sides to remain smart, professional and gracious throughout any proxy... Read More