It could be worse. This was parsed from a recent piece written by the great defender of the American capitalist system, Carl Icahn. On Aug.
…show him or her the following chart, courtesy of Goldman Sachs (with a hat tip to the Wall Street Journal): For those of you who
In Michael Lewis’ interesting podcast, Against the Rules, he relays the biblical story of King Solomon adjudicating a dispute between two women who claimed they
How CEOs Can Forge a New Kind of Shareholder Value – Alfred Rappaport (Bloomberg Opinion) The Business Roundtable, the organization for chief executive officers of
Today my colleagues propose to roll back the requirement that auditors attest to the adequacy of certain companies’ internal controls. The proposal’s analysis of the
Following on some recurrent themes, this is how we think about the world and the money entrusted to us. Said another way, “Wall Street” exists
Constellation Software’s Shareholder Letter.
ESG investing is all the rage today. For any of you not familiar with ESG, it has become synonymous for socially responsible and sustainable investing.
Law And Order: Proxy Offense Unit. Duh…Duh. At Cove Street Capital, we focus on business, value, and people. We put particular emphasis on the people,
Today’s topic is the proxy advisor industry and the real abandonment of responsibility by the investment management/passive management industry despite what nonsense they espouse. My
We read and listen to a lot of stupid things written by people who work at places who should know better. Sadly, they are often
Culled from the 2018 Markel Letter to Shareholders. Right Owners The first idea is that of the “Right Owners.” As your management team, we want
The ever-eloquent and ever-right gentleman from Spain. Very much a worthy education. On Boards of Directors: Power, Reality, Incentives and Value Creation – Fernando del
This is a relatively new purchase for Cove Street and we are delighted to see something thoughtful and intelligent to assist our cause. “While we
Source – Asian Investment Bank CLSA and the Asian Corporate Governance Association – December 2018
From AQR Capital Management’s Journal of Portfolio Management
BNY Mellon Annual Report: Our Financial and Business Performance Our company continued to produce reasonable financial performance in 2017. On a reported basis, our revenues
The SEC litigation against Elizabeth Holmes and Theranos.
Some universal ideas that are entirely relevant here.
by Eugene Robin | Principal, Research Analyst Here at Cove Street, we often wonder: what would it be like to sit on a public company
Press Release National Beverage Corp. Continues To Refresh Via Shareholder Value + Healthy Beverages And MORE Cash! FORT LAUDERDALE, Fla.–(BUSINESS WIRE)– National Beverage Corp. (NASDAQ:
There are a number of highly successful companies that have corporate governance structures with several classes of stock. In many cases one of classes has
To paraphrase Einstein, things should be as simple as possible, but not too simple. From that starting point, good investing at Cove Street Capital begins
by Eugene Robin | Principal, Research Analyst The so-called “Trump Rally” has been fascinating to watch from our vantage point. For one thing, it has
Press Release Cove Street Capital, LLC and Other Shareholders Resoundingly Rebuke Westell Technologies, Inc. Board of Directors and Strategic Direction EL SEGUNDO, CA, September 22,
This was a letter recently released by U.S. Senator Elizabeth Warren (D-MA) and U.S. Representative John Conyers (D-MI) and was signed by 116 Members of
As we clean out files and thoughts at year-end, this was a doozy that I think is an interesting view of “shareholder relations” and how
Warren Buffett: Annual Letter Comments Regarding the Selection of Corporate Directors Berkshire Hathaway 2003 Annual Report: Pages 9-10 (bold added): True independence – meaning the
Dole C.E.O. and Aide Found Liable for $148 Million in Buyout
