Ensuring Bad News Gets Above the 77th Floor

Recommended reading or listening: Diane Sanger Memorial Lecture by Nell Minow, sponsored by the SEC Historical Society and delivered on March 17, 2010. Her talk took on a wide range of topics, including:

• What Karl Marx, Adam Smith, Benjamin Franklin, and Andrew Carnegie had in common,
• Adventures with Bob Monks,
• The impact of Lewis Gilbert, current economic problems,
• Citizens United,
• The problem of intermediaries,
• Need for more tagging of SEC data,
• Client directed voting,
• Owning Mahowny,
• The need of shareowners to be able to chose the state of incorporation,
• Absolute clawbacks,
• Option and stock grants need to be indexed to peer group (70% of option gains are attributable to the overall market).