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Financial Times (April 18)

2012/ 04/ 19 by jd in Global News

In the U.S., ‘say-on-pay’ votes were first required last year. On Tuesday, Citi’s shareholders voted down the proposed compensation package, becoming “the first big US bank to suffer majority dissent in a ‘say-on-pay’ vote and only the 12th S&P 500 company to lose such a ballot.” Citi joins a growing list of companies where shareholders rejected proposed compensation. “Last year 41 companies in the Russell 3000 – including Hewlett-Packard, Jacobs Engineering and Stanley Black & Decker – failed to receive majority support in such votes.”

In the U.S., ‘say-on-pay’ votes were first required last year. On Tuesday, Citi’s shareholders voted down the proposed compensation package, becoming “the first big US bank to suffer majority dissent in a ‘say-on-pay’ vote and only the 12th S&P 500 company to lose such a ballot.” Citi joins a growing list of companies where shareholders rejected proposed compensation. “Last year 41 companies in the Russell 3000 – including Hewlett-Packard, Jacobs Engineering and Stanley Black & Decker – failed to receive majority support in such votes.”

 

Institutional Investor (April 17)Institutional Investor (April 17)

2012/ 04/ 18 by jd in Global News

On April 1, Charles Beazley was named CEO and chairman of Nikko Asset Management, becoming the second non-Japanese leader to head the firm. While he is very downbeat on Europe, Beazley is decidedly upbeat on Japan’s prospects. “There’s a great deal of reconstruction work going on, plenty of capital expenditure by corporations, so production has been bouncing back and should continue to do so. We’re expecting things to normalize in 2012 and forecasting economic growth of 2.2 percent.”

On April 1, Charles Beazley was named CEO and chairman of Nikko Asset Management, becoming the second non-Japanese leader to head the firm. While he is very downbeat on Europe, Beazley is decidedly upbeat on Japan’s prospects. “There’s a great deal of reconstruction work going on, plenty of capital expenditure by corporations, so production has been bouncing back and should continue to do so. We’re expecting things to normalize in 2012 and forecasting economic growth of 2.2 percent.”

 

New York Times (April 15)

2012/ 04/ 17 by jd in Global News

Twenty-first century Americans are “more electronically networked but more personally isolated than ever before.” Can virtual communities “make up for the weakening of flesh-and-blood ties and the decline of traditional communal institutions?” Google’s virtual reality glasses may define this new age and will perhaps bring us a step closer to realizing whether this virtual trade off is indeed regrettable or worthwhile.

 

Wall Street Journal (April 15)

2012/ 04/ 16 by jd in Global News

North Korea’s new leader Kim Jong Eun addressed the public for the first time in a speech lasting 20 minutes. “The speech stuck close to the hard-line orthodoxy of the Kim family regime, which has controlled North Korea since its founding in 1948, that is built around extreme race-based nationalism, Confucian hierarchy and a nominal embrace of socialism.” Military might remains top priority.

 

The Economist (April 14)

2012/ 04/ 15 by jd in Global News

“If Scots really want independence for political or cultural reasons, they should go for it. National pride is impossible to price. But if they vote for independence they should do so in the knowledge that their country could end up as one of Europe’s vulnerable, marginal economies.”

“If Scots really want independence for political or cultural reasons, they should go for it. National pride is impossible to price. But if they vote for independence they should do so in the knowledge that their country could end up as one of Europe’s vulnerable, marginal economies.”

 

Washington Post (April 13)

2012/ 04/ 14 by jd in Global News

“The European ‘crisis’ is back. Actually, it never went away — and won’t for many years. The problems are so deep and pervasive that there is no easy or obvious solution…. Europe is caught in a trap that promises more political and social unrest.”

 

Reuters (April 13)

2012/ 04/ 13 by jd in Global News

North Korea’s “highly unusual” admission over state TV of today’s launch failure raises many questions. Will embarrassment lead to a nuclear test? Does it instead signal a new openness? Nobody knows. “Although North Korea is one of the most tightly controlled states on earth, with no free media and a tight grip on its population, such a high profile failure could trigger a backlash among the country’s elite.”

 

Financial Times (April 10)

2012/ 04/ 12 by jd in Global News

“Over a fifth of the world’s patent applications in 2011 came from Japan, eight times as many as from the UK. It is far better at turning basic research into commercial applications, with clear national priorities set by government and strong links between businesses and universities.” Japan has challenges, but knows how to face them. “The UK (and other countries) can learn a lot” from Japan.

“Over a fifth of the world’s patent applications in 2011 came from Japan, eight times as many as from the UK. It is far better at turning basic research into commercial applications, with clear national priorities set by government and strong links between businesses and universities.” Japan has challenges, but knows how to face them. “The UK (and other countries) can learn a lot” from Japan.

 

New York Times (April 10)

2012/ 04/ 11 by jd in Global News

International attempts to end Syrian President Bashar al-Assad’s reign of terror are failing. “Instead of abiding by a commitment to a cease-fire negotiated with the United Nations, he has kept his killing machine rolling, raising the death toll to an estimated 9,000 Syrians in the year since the start of the uprising.” It is time for the United Nations Security Council “to take tough and unified action.” Russia and China must drop their veto and quit protecting Bashar al-Assad.

International attempts to end Syrian President Bashar al-Assad’s reign of terror are failing. “Instead of abiding by a commitment to a cease-fire negotiated with the United Nations, he has kept his killing machine rolling, raising the death toll to an estimated 9,000 Syrians in the year since the start of the uprising.” It is time for the United Nations Security Council “to take tough and unified action.” Russia and China must drop their veto and quit protecting Bashar al-Assad.

 

Wall Street Journal (April 8)

2012/ 04/ 10 by jd in Global News

As a group, S&P companies have gained efficiency while rebounding to pre-recession levels. “S&P 500 companies have become more efficient—and more productive. In 2007, the companies generated an average of $378,000 in revenue for every employee on their payrolls. Last year, that figure rose to $420,000.” These same companies have also increased capital expenditures, reduced debt and increased cash on hand.

As a group, S&P companies have gained efficiency while rebounding to pre-recession levels. “S&P 500 companies have become more efficient—and more productive. In 2007, the companies generated an average of $378,000 in revenue for every employee on their payrolls. Last year, that figure rose to $420,000.” These same companies have also increased capital expenditures, reduced debt and increased cash on hand.

 

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