Can't-miss stories from the Web
Hewlett-Packard's board has had a dismal performance record as of late. Poor decisions regarding acquisitions, choosing CEOs (and promptly firing them) and publicly musing about major changes in strategic direction have cost shareholders almost half the value of their shares. And yet all 11 directors were re-elected last month. What's wrong with this picture?
Cohen corks the champagne
SAC Capital's Steven Cohen recently bought a Picasso and a house in the Hamptons, possibly to celebrate the closure of an SEC insider trading case against his firm. But after the March 29 arrest of a SAC-linked fund manager, it appears the celebrations may have been premature.
Behind the scenes at Dell
The company's proxy statement reveals what directors think about a big stock buyback and selling off parts of the business.
Meanwhile, Michael Dell will only consider backing a buyout by Blackstone Group LP if the private-equity firm guarantees he can remain as chief executive officer, according to Bloomberg.
Smart people doing stupid things
William D. Cohan marvels at the way intelligent, highly-paid people at Goldman Sachs, DLA Piper and other firms cheerily document their own illegal and/or unethical behaviour through emails and texts, all of which eventually comes back to haunt them.
(Jody White is the Web Editor for Streetwise.)
Return to Streetwise home page.