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Size isn't the only thing that makes it difficult for fund firms to challenge company managers.'s has two sitting directors who didn't win a majority of shareholder votes, as does discount retail chain Fred's Inc. Of course, money isn't the only reason to avoid getting sued.In response to the court ruling, SEC Chairman Christopher Cox said the agency would review its rules for how shareholders could gain access to the ballots used to elect corporate directors at annual meetings." (LAT, 9/8/06, "Ruling May Open Access to Proxies What follows.It did, and found nothing.Granting stock options for desired performance differs greatly from granting stock options with the hope that the two losers would never exercise them. ."Certain Relationships and Related Transactions". 'For a long time corporate boards tended to be too complacent about inferior executive leadership Prof.A year before Sidaway accepted Cleveland Indians tickets in 2001 she had accepted other baseball tickets.AIG said it was reviewing the ruling.Levin generally acted as if he were still running a private firm.Lack of true independence comes with a price - usually paid by Shareholders! .Therefore they decided they had no obligation to file details with the SEC.Ovitz's earnings at the agency." (NYT, 11/24/04, "Chairman Tells of Shared Authority on Ovitz "The committee did not see an analysis of the contract, the exercise price on the options, a spreadsheet indicating what it might cost Disney to make good on the non-fault.
Two former chief executives at the company were defenestrated during three months last year and two investigations concluded that Freddie Mac flouted accounting rules and disclosure standards to smooth earnings growth.
"In at least one case, federal officials have stepped in when they felt an internal probe wasn't getting to the bottom of the matter, according to a person familiar with the circumstances.


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