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Peter Galuszka is a Virginia-based journalist with more than three decades of experience. He spent 15 years at BusinessWeek where he was twice Moscow Bureau Chief and International News Editor in New York. He has also worked at other national and regional business magazines and at newspapers. Now a Washington...- more about Peter Galuszka »
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- Enough on Yahoo Already
- There was Microsoft. Then Carl Ichan. Then the vindication at a shareholders meeting. Isn't it time for Yahoo to get a break? Apparently, not. It now turns out that Yahoo CEO Jerry Yang and chairman Roy Bostock did not get the resounding affirmation rates of of 85.4...
- Blog posts 2008-08-06
- Will Shipping Fuel Price Hikes Scuttle Globalization?
- Last weekend, I had to feel salt water. In my case, that means a short drive down to the Hampton Roads, Va. area where I get the extra benefit of seeing the big container ships roll in with their cargoes of cars, white goods, T shirts and place mats. I...
- Blog posts 2008-08-05
- IFRS Works, Despite Quirks: SEC Panel
- A new accounting system that most of the world is shifting to isn't that hard or costly to implement but it does have its little quirks. That seemed to be the consensus today at a roundtable discussion at the U.S. Securities & Exchange Commission which is expected...
- Blog posts 2008-08-05
- Yahoo: All Over But the Shouting?
- A few days ago, I penned a posting asking that, at the end of the day, do proxy fights matter? I pointed to a new Wharton School of Business report that dumps cold water on the enthusiasm of shareholder activists who have had a field day this...
- Blog posts 2008-08-04
- Booz & Co Study: Make Smart Investments in a Downturn
- When tough times come, too many CEOs knee jerk themselves into cost-cutting mode. Big mistake, write two Booz & Co. consultants. What's needed instead is a smart, targeted investment strategy, say Cesare Mainardi and Paul Leinwand in a recent Booz report. By making an intelligent study of...
- Blog posts 2008-08-01
- Are Proxy Battles Worth It?
- At the end of the day, does it matter? That sounds like the kind of existential question my teen-aged daughters might ask, but a new Wharton School of Business report dumps cold water on the enthusiasm of shareholder activists who have had a field day this past...
- Blog posts 2008-08-01
- SEC Meeting: New Rules for Blogs
- Let's say you're the CEO of a company. A competitor or disgruntled ex-employee posts nasty and inaccurate information on a blog that your company website operates. Are you under any regulatory obligation to correct it? No, you are not. At least that's what the staff of the...
- Blog posts 2008-07-31
- Wharton: Hands Off Employee Perks
- One of the books on my summer reading desk is a page-turner about the mutiny on the Russian battleship Potemkin back in 1905. After taking over by force, more than 700 sailors roamed the Black Sea spreading terror for nearly two weeks. What caused the mutiny? Cheap pursers aboard the...
- Blog posts 2008-07-29
- Proxy Governance Goes after ISS in Proxy War of Proxy Services
- The cold war among proxy service companies has been getting a lot hotter lately. Proxy Governance, a proxy service firm based in Vienna, Va., has gone on the offensive by pushing for a "code of ethics" among its group which includes Glass Lewis & Company and Egan...
- Blog posts 2008-07-28
- Want Broader R&D? Use the Web, McKinsey Suggests
- Online communities can serve as a corporation's R&D lab by offering a broader talent reach and closer contact with consumers' needs, according to a new McKinsey Quarterly study. Historically, innovation has started in in-house labs where researchers must proceed through a series of closely-managed steps, write McKinsey...
- Blog posts 2008-07-25
- Attention Dobbs: The Redcoats Are Coming to CSX
- All of you Lou Dobbs fans out there might be curious about what happened to one of the greatest travesties in American economic history -- a proxy fight by an English hedge fund over board seats on CSX, an American railroad. Apparently, The Children's Investment Fund, the...
- Blog posts 2008-07-24
- "Say on Pay" Loses Support at Big Financial Houses
- While gaining among corporations in general, "Say on Pay" support is losing favor among financial companies, according to a new report by The Corporate Library. The shareholder watchdog group notes that "Say on Pay" lost support among eight major financial firms during this proxy season. The list...
- Blog posts 2008-07-23
- Push Towards Non-U.S. Directors and Execs Continues
- The reach for non-U.S. director and executive talent continues. More companies based in the U.S or elsewhere are diversifying their C-suites and boardrooms with non-Americans and are looking increasingly to India and China for fresh blood. That's the trend noted by BusinessWeek and America.gov. ...
- Blog posts 2008-07-22
- Another Bump for Sarbanes-Oxley
- After six years of survival, could a constitutional technicality derail the far-reaching Sarbanes-Oxley Act? At issue is a case before the U.S. Court of Appeals in Washington, D.C. that challenges the constitutionality of the Public Company Accounting Oversight Board. The PCAOB was set up by the Sarbanes-Oxley...
- Blog posts 2008-07-21
- Wall Street Loves Obama
- Wall Street is coming on strong for Barack Obama in this year's presidential campaign donation race. Big investment firms such as Goldman Sachs and J.P. Morgan favor Obama over John McCain by margins of roughly four or five to one. So states a recent report by Chief...
- Blog posts 2008-07-18
- Paul Atkins: SEC Needs Lighter Touch
- Do you think the nation's top securities regulator goes overboard in enforcement? One of its outgoing commissioners thinks it does. U.S. Securities & Exchange Commission member Paul Atkins recently co-wrote an article claiming that enforcement issues are so egregious that the SEC needs to set up an...
- Blog posts 2008-07-17
- McKinsey: How to Nurture Managerial Talent in China
- Generally speaking, finding talent for a business is a bit easier than finding capital or innovative ideas. But if you do business in China the opposite is true, according to McKinsey Quarterly in a new report. McKinsey researchers Kevin Lane and Florian Pollner note that China's typically...
- Blog posts 2008-07-16
- Conflicts of Interest in Advisory Firms
- BNET columnist Jessica Stillman penned an intriguing post last week calling a new Stanford study noting the dubious claims of shareholder advisory services that they can predict future performance of companies. The report, issued by the Rock Center for Corporate Governance, run jointly by Stanford law and graduate business schools,...
- Blog posts 2008-07-15
- Sarbanes-Oxley in Retrospect: SOX Comes of Age
- In the first two installments of this three-part series, I talked about the birth of the Sarbanes-Oxley Act and about how it spread fear and loathing among business leaders in the U.S. Flash forward to today. Having taken effect nearly six years ago, SOX has settled in. Was it...
- Blog posts 2008-07-11
- "Globality" Podcast: Emerging Economies Doing it Their Way
- A while back I posted on "Globality: Competing with Everyone from Everywhere for Everything," a new book written by three experts from the Boston Consulting Group, Harold L. Sirkin, James W. Hemerling and Arindam K. Bhattacharya. A smart discourse on how local companies in developing economies, such...
- Blog posts 2008-07-10
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