August 16, 1987 |
Around Carter Hawley Hale Stores' headquarters these days, folks are joking about the possibility of getting a mention in the next edition of the Guinness Book of World Records. After all, a proxy statement mailed recently to stockholders weighed in at 568 pages (plus the cover). The statement, which spells out every detail of the company's restructuring, is thought to be the largest proxy statement ever.
May 29, 1994 |
With so many executives earning so much money, stockholders increasingly want to know if the managers deserve those big bucks and if the insiders are minding the shareholders' business--or merely their own. Fortunately, new proxy disclosure rules make it easier to conduct such assessments--which, in turn, may be pivotal in determining whether your shares are worth owning over the long haul. What should you be looking for in the proxy statement?
April 16, 1986 |
Zoltan Merszei, one of several executives once thought to be the successor to Occidental Petroleum Chairman Armand Hammer, 87, resigned as vice chairman to "pursue private interests," the company said Tuesday. Merszei, 62, one-time chairman and chief executive of Dow Chemical, was named president and vice chairman of the Los Angeles-based oil company in 1979 but was removed from the presidency in 1980. The current president, Ray R. Irani, 51, is the fourth since 1979.
March 8, 1996 |
WHX Readies Pitch for Teledyne Shareholders: WHX Corp. launched its fight to gain control of Teledyne Inc.'s board by filing a preliminary proxy statement that urges Teledyne shareholders to elect nominees who would sell the Century City-based conglomerate to WHX. New York-based WHX has made four unsuccessful hostile offers for Teledyne since 1994. The latest was a sweetened bid of $1.78 billion, or $32 a share in cash and common stock, which the Teledyne board rejected last week.
February 2, 1993 |
Exxon's Rawl to Retire This Year: Lawrence Rawl will retire as chairman and chief executive of Exxon Corp., the largest oil company in the United States, according to a proxy statement filed Jan. 29 with the Securities and Exchange Commission. Rawl, who has guided the Irving, Tex., company since becoming chairman and CEO in 1987, will reach the company's mandatory retirement age of 65 in May, the proxy statement said.