{"id":3513,"date":"2009-10-26T17:11:18","date_gmt":"2009-10-26T21:11:18","guid":{"rendered":"http:\/\/blogs-devl.bu.edu\/bunow\/?p=3513"},"modified":"2011-02-24T14:49:45","modified_gmt":"2011-02-24T19:49:45","slug":"breakthrough-for-shareholders","status":"publish","type":"post","link":"https:\/\/blogs-devl.bu.edu\/bunow\/2009\/10\/26\/breakthrough-for-shareholders\/","title":{"rendered":"Breakthrough for shareholders"},"content":{"rendered":"<p><img loading=\"lazy\" class=\"alignleft size-full wp-image-3577\" src=\"http:\/\/blogs-devl.bu.edu\/bunow\/files\/2009\/10\/healths.gif\" alt=\"healths\" width=\"204\" height=\"158\" \/>In an unprecedented move for a major business, HealthSouth Corp. will <a title=\"reimburse\" href=\"http:\/\/online.wsj.com\/article\/SB10001424052748704754804574493600097827732.html?mod=WSJ_hps_LEFTWhatsNews\" target=\"_blank\">reimburse<\/a> activist shareholders for the costs involved with unseating management-backed directors.\u00a0 LawProfessor <a title=\"Elizabeth Nowicki\" href=\"http:\/\/www.bu.edu\/law\/faculty\/profiles\/bios\/visiting\/nowicki_e.html\" target=\"_blank\">Elizabeth Nowicki<\/a>, a former SEC and Wall Street attorney, says the HealthSouth initiative may mark a sea change in how boards respond to shareholders clamoring for accountability.<\/p>\n<p><em>&#8220;Now that HealthSouth has voluntarily given shareholders\u2019 more access to proxy contests and director elections, activist shareholders are likely to be emboldened and other boards are going to feel pressure to address the issue.&#8221;<\/em><\/p>\n<p>Contact Elizabeth Nowicki, 617-353-2807, <a href=\"mailto:enowicki@bu.edu\">enowicki@bu.edu<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>In an unprecedented move for a major business, HealthSouth Corp. will reimburse activist shareholders for the costs involved with unseating management-backed directors.\u00a0 LawProfessor Elizabeth Nowicki, a former SEC and Wall Street attorney, says the HealthSouth initiative may mark a sea change in how boards respond to shareholders clamoring for accountability. &#8220;Now that HealthSouth has voluntarily [&hellip;]<\/p>\n","protected":false},"author":114,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[4491,1],"tags":[1908,1907,1246],"_links":{"self":[{"href":"https:\/\/blogs-devl.bu.edu\/bunow\/wp-json\/wp\/v2\/posts\/3513"}],"collection":[{"href":"https:\/\/blogs-devl.bu.edu\/bunow\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blogs-devl.bu.edu\/bunow\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blogs-devl.bu.edu\/bunow\/wp-json\/wp\/v2\/users\/114"}],"replies":[{"embeddable":true,"href":"https:\/\/blogs-devl.bu.edu\/bunow\/wp-json\/wp\/v2\/comments?post=3513"}],"version-history":[{"count":8,"href":"https:\/\/blogs-devl.bu.edu\/bunow\/wp-json\/wp\/v2\/posts\/3513\/revisions"}],"predecessor-version":[{"id":8389,"href":"https:\/\/blogs-devl.bu.edu\/bunow\/wp-json\/wp\/v2\/posts\/3513\/revisions\/8389"}],"wp:attachment":[{"href":"https:\/\/blogs-devl.bu.edu\/bunow\/wp-json\/wp\/v2\/media?parent=3513"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blogs-devl.bu.edu\/bunow\/wp-json\/wp\/v2\/categories?post=3513"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blogs-devl.bu.edu\/bunow\/wp-json\/wp\/v2\/tags?post=3513"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}