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The Inbox - March Madness Edition

HerculesSince you’re already giving up all productivity during the big dance, why not check out the latest in Suits by Suits?

  • Bloomberg says that Hercules Offshore has defeated a “say on pay” lawsuit brought by a shareholder who claimed that the Hercules board should not have ignored an investor vote that the company’s executive compensation was too high.  Was defeating this lawsuit one of the fabled “Twelve Labours”?
  • The Indianapolis Business Journal has been covering the intriguing dispute between Don Marsh and Marsh Supermarkets, Inc.  A federal jury awarded the company $2.2 million on claims that its former CEO used company money to finance his global travels.  Marsh insisted that the trips were business-related, but the jury disagreed.  The parties are now talking settlement.
  • Hugo Martin of the Los Angeles Times writes that American Airlines is defending its $20 million severance package to departing CEO Thomas Horton against its bankruptcy trustee’s objection.  American and the trustee dispute whether the bankruptcy code applies to govern its payments to Horton.  We’ve been tracking this story, and will continue to keep an eye on it.
  • According to Kenneth Corbin of IDG News Service, the federal government’s chief information officers are resisting the adoption of a “bring-your-own-device” policy.  The concern is not just whether the data can be accessed if the device is stolen; it’s whether the company will destroy personal data when it remotely wipes a lost phone.  Another reason federal employees haven’t embraced a bring-your-own-device policy: they’d have to pay for the phones themselves.
  • Amy Langfield of Today writes that CVS is requiring employees on its health insurance plan to either submit to a physical or face a penalty.  I fear that this could be the next step toward mandatory treadmill time.

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