Watch out for Enron Beelzebub typeface
Posted on April 13, 2007 by Richard Beddard
Filed Under Ramblings |
If you haven’t come across Footnoted.org, I like its style. Michelle Leder reads the documentation most investors consign to the pending tray, permanently. Yesterday she commented on Mastercard’s preliminary proxy statement (in English that’s information for shareholders intending to vote at its Annual Meeting). Mastercard pays for security systems in the homes of it’s executives, even those that are leaving it seems:
One of the more interesting things in the footnote, which was presented in Enron Beelzebub typeface, is that former Chief Risk Officer Chris Thom, who retired at the end of January (though the release says October), spent the most: $54.8K on installation and monitoring according to the proxy.
With Lord Browne’s compensation under scrutiny and executive pay rising disproportionately, it looks as though there’s scope for a UK version of Footnoted.
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Wow. I know MasterCard’s up to some questionable business practices, bur wow.
I’m in the States where I’m working on the issue of interchange fees with a group at UnfairCreditCardFees.com. The UK actually got MasterCard to budge and lower its interchange fee there, which is encouraging for merchants and consumers stateside.
Anyway, keep it up against MasterCard. Great post!