A lot of corporate boards felt it was a good idea for public companies to have standards limiting board service in place.
More Quotes from Patrick McGurn:
We felt the primary problem at this company was with the cash bonus program.Patrick McGurn
Time Warner is pulling out the heavy guns, there's no doubt they are taking this seriously. This counter-point situation is quite similar to a political campaign, where both sides have a war room. One side is lining out a strategy and the other is responding.
Patrick McGurn
Boards, frankly, are just getting up to speed in many instances on what they've done in the past and are really just starting to exhibit some control over the pay practices. It's going to be a gradual process.
Patrick McGurn
There were definitely some that went closer to saying, 'Don't blame me,' as opposed to saying, 'This is the process,' ... I think that probably should set off more red flags as the language got stronger.
Patrick McGurn
When Warren is gone, the market will start demanding coverage. People will want a lot deeper level of analysis.
Patrick McGurn
While these payments may seem eye-popping, it seems more closely aligned with the company's performance and is less likely to raise the ire of shareholders than in years past.
Patrick McGurn
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When the great history of trouble is written, my family will stand extremely high in the table of contents.
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I'm a perfectionist, so I can drive myself mad - and other people, too. At the same time, I think that's one of the reasons I'm successful. Because I really care about what I do.
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