Corporate Governance

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Change at the Top for Lumber Liquidators May Have Been Overdue

In a terse press release Thursday morning, Lumber Liquidators Holdings Inc. (NYSE: LL) announced that the company’s CEO, Robert Lynch, “unexpectedly” resigned and that founder Thomas D. Sullivan will take ...
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For Xerox Director Ann N. Reese, a Disastrous Tenure

The dust has settled after Xerox Corp. (NYSE: XRX) announced another poor quarter. Its share price hovers around a 52-week low. Someone has to be accountable for the catastrophe that ...
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Why DuPont Investors Are Not Happy After Peltz Loses

Board elections are an important process within any company because these elected directors steer the company. Wednesday morning E.I. du Pont de Nemours and Company (NYSE: DD) announced the preliminary results ...
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Can Vipshop Defend Itself Against Accounting Allegations?

Vipshop Holdings Ltd. (NYSE: VIPS) defended itself Wednesday morning ahead of its earnings in regards to allegations made by short sellers. According to the company, these allegations were “unfounded and ...
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Sears Turnaround Continues to Fail

Sears Holdings Corp. (NASDAQ: SHLD) CEO and controlling shareholder Eddie Lampert made one more set of comments about why the retailer, which controls Kmart and Sears, has entered a recovery ...
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With Another Debt Sale, Even Apple Cannot Tap Vast Overseas Cash

Apple Inc. (NASDAQ: AAPL) is the biggest company in the world, and it is the world's most profitable company. Despite ending its most recent quarter with $193 billion or so ...
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JC Penney Shares Collapse

Investors continue to be concerned about J.C. Penney Co. Inc.'s (NYSE: JCP) viability as a large U.S. retailer. The most recent sign comes as J.C. Penney shares have dropped more ...
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McDonald’s Credit Ratings Fall on Turnaround Plan Share Buybacks

While shareholders had some reason to be pleased with the McDonald’s Corp. (NYSE: MCD) turnaround plan announced on Monday, those reasons were not shared by two credit ratings agencies. Both ...
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No Buyers Calling on Avon

Twice so far in 2015 there have been reports that potential buyers have been sniffing around Avon Products Inc. (NYSE: AVP), and both times the share price spiked, only to ...
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Dow Chemical to Fire 3% of Employees, CEO Will Take No Pay Cut

The story is as old as publicly traded companies. Dow Chemical Co. (NYSE: DOW) will cut 3% of its workforce. Nothing in the corporation's press release mentioned whether Andrew N. ...
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A Cisco Day of Reckoning as John Chambers Retires as CEO

Cisco Systems Inc. (NASDAQ: CSCO) has seen its share of ups and down through the years under the leadership of Chairman and CEO John Chambers. Now that reign is about ...
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Did the Lumber Liquidators Turnaround Just Become Catastrophic?

Lumber Liquidators Holdings Inc. (NYSE: LL) reported its first-quarter financial results before the markets opened Wednesday. The flooring company had a net loss of $0.29 per share on $260.0 million ...
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Starwood Could Again Become the Ultimate Prize for Private Equity

Starwood Hotels & Resorts Worldwide Inc. (NYSE: HOT) announced its first-quarter financial results Wednesday before the markets opened. While Starwood beat earnings expectations, this will be no match whatsoever for ...
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Dividend Hike vs. Buyback: Is IBM Finally Getting It Right?

After years, International Business Machines Corp. (NYSE: IBM) has financially engineered earnings per share growth, despite no significant revenue growth. This has been achieved through cost cutting and share buybacks. ...
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Xerox HQ

Obviously, Xerox CEO Burns Needs to Go

One more quarter, one more excuse. Xerox Corp. (NYSE: XRX) CEO Ursula Burns has run out of excuses. Actually, that happened some time ago. After announcing a horrible forecast for ...
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