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- Submited:2010-07-21 15:30:02
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The term “zombie director” refers to a board member who’s elected without the support of a majority of the shareholder votes — and their existance infuriates corporate governance watchdogs. But Cablevision reports today that two of the five candidates for the board seats to represent public investors failed to meet that threshold at yesterday’s annual meeting. Since the company only nominated five people for the openings — and there were no outside candidates — they couldn’t lose. But Bond Street Holdings’ Vincent Tese won with just 45.2% supporting him and 54.8% withholding approval. New Century Holdings’ Leonard Tow was supported by 48.2%. Another director who failed to win a majority last time — former JP Morgan Chase Managing Director Thomas Reifenheiser — barely made it above that level with 50.5% support. The results outraged New York City Comptroller John Liu who oversees the city pension funds’ 532,020 Class A Cablevision shares and had urged investors to oppose the board candidates. “Shareowners delivered a stinging rebuke to the five Cablevision directors we opposed for being ineffective and unaccountable, including majority votes against two of them,” Liu said. “Both Mr. Tese and Dr. Tow, should immediately step down. In Mr. Tese’s case, this is the third majority vote against his directorship in the past four years. Enough is enough.” Liu is running for mayor as city labor leaders allege that Cablevision CEO Jim Dolan refused to bargain in good faith ... Read More »
Come hell or high water the bake must go on! Hurricane Sandy wreaked havoc on the East coast when it hit last October, knocking out power for millions of residents and leaving a trail of destruction in its wake. No mean feat! The Cake Boss crew carried on baking with no power in the wake of Hurricane Sandy Many people stayed home (or hunkered down in local shelters) as electric companies worked around the clock to restore power, but the crew of Cake Boss carried on baking as they pushed on regardless—and OKMagazine.com has an exclusive sneak peek of the team working in the dark! WATCH CHRISTINA AGUILERA'S MOVING PERFORMANCE OF "BEAUTIFUL" FOR HURRICANE SANDY TELETHON With a bunch of orders to fulfill—including fancy wedding and Bar Mitzvah cakes—and no electricity, telephones or internet access, it was no mean feat! No power? No problem! The team managed to make a fancy wedding cake and a huge Bar Mitzvah one! But the dedicated gang used all their creativity and improvisation skills (along with one measly power generator) to ensure no customer went unsatisfied, and the results were pretty impressive to say the least! LADY GAGA MAKES $1 MILLION DONATION TO HURRICANE SANDY VICTIMS You can watch the full baking ion the dark episode of Cake Boss, Monday night on TLC at 9/8 central. Do you think you could make a cake in the dark? Sound off in comments below and tweet us @OKMagazine Photo credit: TLC
You know a bitter feud is never going to end any time soon when Courtney Love steps into the fray! The controversial singer is putting herself in the firing line of the ongoing Brandi Glanville Vs LeAnn Rimes war, and OKMagazine.com has all the crazy details! Brandi Glanville and LeAnn Rimes have been embroiled in a Twitter war ever since the singer stole Eddie Cibrian! Courtney, 48, waded straight into the battle, tweeting support of her fellow singer and vowing to take down her enemies—are you listening Brandi? PHOTOS: LeAnn Rimes And Eddie Cibrian Celebrate Second Wedding Anniversary "I eat that s*** for breakfast. Leanns my girl, u f*** with her you f'*** with me!" Love wrote. LeAnn was obviously ecstatic to finally find somebody that's team Rimes, immediately retweeting the message to her legion of followers. Team Rimes! Courtney Love has threated to kick the ass of anyone who messes with LeAnn! And, Brandi seemed to back down (not surprisingly!!) in the face of the indomitable Courtney, offering an olive branch to her longstanding nemesis! "Co-parenting is hard I opened up a can of worms last night after reading some dishonest tweets about my kids. Lets move on today thank u," the Real Housewives of Beverly Hills star tweeted. OK! NEWS: LEANN RIMES AND EDDIE CIBRIAN HELP MAKE A LITTLE GIRL'S DREAMS COME TRUE IN DISNEYLAND The latest standoff comes hot on the heels of yet another round of warfare between Glanville and Rimes. Out on the edge! LeAnn and Brandi have continually butted heads over Cibrian and Glanville's two sons The two have been embroiled in a bitter Twitter war ever since LeAnn ran off with Glanville's then-husband, Eddie Cibrian. Brandi went postal on Twitter earlier in the week after she was unable to get in contact with her two sons who were staying with their father, Eddie and his now-wife, LeAnn. PHOTOS: LEANN RIMES AND EDDIE CIBRIAN RENEW THEIR WEDDING VOWS IN MEXICO "Ive been trying to get a hold of my kids 4 over an hour no response to my calls, emails or messages. Maybe twitter will work," Brandi tweeted on Monday. The Real Housewives of Beverly Hills star is mom to Cibrain's two boys, Mason and Jake And, LeAnn went straight on the defensive! "Funny, she just got off the phone w/ them. Sorry, we were doing baths, homework & dinner. All good!" She wrote. "The phone rang, I picked it up. Never saw this til after. All you gotta do is call." But Brandi was NOT taking it lying down! OK! NEWS: LEANN RIMES ANNOUNCES SHE'S NOT WRITING A TELL-ALL BOOK "I tweeted the father of my boys Mon night after trying to reach them for an hour.I dont know Y ANY1 else tweeted me back with involvement," she fumed later. "The kids called me 1 minute after that tweet #therealtruth Im so sick of BS lies I tweeted EC not his wife she should mind her business. "I am NOT in a twitter war with ANYONE! No matter how hard people try to make it about them. Bone of contention: Rimes has raised Glanville's ire with her numerous 'bonus mom' tweets "Ive been doing my best to not engage, I have no war with anyone I just miss my babys [sic]." LeAnn was quick to retaliate, firing back—of course—on Twitter once again! "Name calling and twitter rants are so 2012. Music and truth is so 2013," she wrote sagely. OK! NEWS: LEANN RIMES AND EDDIE CIBRIAN HELP MAKE A LITTLE GIRL'S DREAMS COME TRUE IN DISNEYLAND "It's ok, it ok, if love is that hard, that's how we find out who we really are." But, Brandi still had plenty to say on the subject! ''FYI I am only allowed to call my kids between 7 pm & 730 each evening, so when I cant reach them I freak, I always answer anytime dad calls," she wrote. "Im done! Going to sleep.Have kids then have them taken away half the time& get f***ing back 2 me when u cant even call & say goodnight, bye." Haven't these people ever heard of phones?!! What do you think of the latest Twitter war between LeAnn and Brandi? Sound off in comments and tweet us @OKMagazine Photo credit: splash News
(Reuters) - Google Inc intends to finance, build and help operate wireless networks from sub-Saharan Africa to Southeast Asia, hoping to connect a billion or so people in emerging countries to the Internet, the Wall Street Journal reported on Friday.
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