Takes a closer look at the things that companies try to bury in their routine SEC filings. Some posts are little factoids while others are more serious, like aggressive accounting or the type of questionable self dealing that can often be indicative of serious problems at a company.
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My good friend and blogger extraordinaire Barry Ritholtz wrote such a compelling post yesterday about the SEC that I thought it was worth sharing with footnoted.org readers. Here it is in its...
Last we checked, Freddie Mac (FRE) was still operating under a conservatorship, having received over $51 billion in taxpayer money. And, we seem to recall lots of chest-beating last year about...
As most footnoted regulars know, we’ve read a lot of employment contracts and severance agreements over the years. Way too many to count, in fact. But the agreement with former Chief Operating...
Earlier this week, I bought an airline ticket to Washington for a meeting next week. In the past, I’ve taken Amtrak or my new favorite, Bolt Bus, but flying — even booking just a week in advance
Ever since Amazon announced that it was acquiring the privately held Zappos last week for just over $800 million, the internet has been ablaze about whether Zappos was forced to sell...
Earlier this week, Applied Materials (AMAT) announced that it was acquiring Semitool (SMTL) in a $364 million all-cash deal.
As we’ve footnoted before, Semitool had an interesting side-deal with CEO Ray Thompson that had the company leasing several...
Yesterday, there was a hearing in New York over the Lehman bankruptcy where Lehman CEO Bryan Marsal, who we’ve written about several times over the past year (see here and here). The big headline out of yesterday’s hearing was Marsal’s statement that...
When we posted on Nov. 12 about the flurry of margin calls at Boston Scientific Corp. (BSX), there was no way to know that the pace of involuntary stock sales would continue.
As a historical recap: Michelle noted in her post last week that company...
This morning, a certain sub-sector of the financial blogosphere is abuzz over the press release that Overstock.com (OSTK) put out late yesterday announcing that they had fired its outside auditor, who had just been hired earlier this year, and were...
Earlier this month, Denbury Resources announced that itplanned to buy Encore Acquisition (EAC) in a $4.5 billion deal (according to the press release) or $3.25 billion deal (according to the WSJ). We’re not sure which number is more accurate, but we do...
