Toluu : The Icahn Report

The Icahn Report

Gaylord 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 more.. – The Deal
Rodgin Cohen on the future of M&A – Harvard Corporate Governance blog

General 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 - Reuters
Real Business points out 10 principles of corporate governance
Auditors Urge Treasury to Add Bailout Controls – New York Times via Dealbook

Paulson is Right: The System Needs FixingDecember 2

Treasury 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.

©iStockphoto.com/Alex Slobodkin

As we have seen, the root of the crisis is the widely held assumption that housing prices would continue to rise year after year, even though it was obvious to some that we were in an unsustainable bubble.

The blind belief in a continually rising housing market was behind the sales pitches for all kinds of securities, from mortgage-backed securities, credit default swaps and retail mortgages to unqualified borrowers.

Now Wall Street has sustained a body blow of unparalleled and unreal proportions that erased trillions of dollars in stock and bond values, inflated national deficits by trillions of dollars, causing dozens of banks and financial firms to implode and erased hundreds of thousands of jobs.

So why did financial executives nearly destroy the system that pays their lavish salaries and bonuses? For just that reason – the pursuit of la

In the NewsDecember 2

CEO 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- Motley Fool
Box- Ticking is not the key to managing in the boardroom – The Times of London

In The NewsNovember 26

- 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 for top execs - Reuters

- Banks may write down $44 bln in fourth quarter - Bloomberg

- 'Bailout' is word of the year - Boston Herald