The 3 Most Egregious Corporate Disclosures in September
The three most egregious corporate disclosures during the month of September, as uncovered by the Footnoted team:
- Sept. 8, 2011: Million-dollar house-hunting with eBay (NASDAQ:EBAY): Devin Wenig, who joined eBay Oct. 1 as the president of eBay Marketplaces, is getting a multi-million-dollar pay package in money and equities. But, in addition to receiving $10,000 per month for temporary living expenses, eBay is also paying him $1 million to help him buy a home in the San Jose area.
- Sept. 26, 2011: Printing money at Temple-Inland (NYSE:TIN): Big money will be paid if Temple-Inland is acquired by International Paper (NYSE:IP). Executive payouts for severance, equity interests, benefits, and the like will run in the millions and tens of millions, with Temple-Inland’s Chairman and CEO Doyle Simons possibly receiving as much as $61.4 million.
- Sept. 15, 2011: Taking a deep dive into Motorola’s merger proxy: If the deal between Google (NASDAQ:GOOG) and Motorola (NYSE:MMI) doesn’t go through, there’s still an upside for Motorola. The company stands to collect as much as $3.5 billion in fees if Google can’t get government permission on the merger.
Footnoted specializes in surfacing hidden opportunities and early signs of potential problems buried in companies’ SEC filings.