MF's Kev and Ally Up a Tree...

MF Global (MF) shareholders were mostly willing to forgive the company’s board the adventures of its first 12 months as a public company, staging a mild protest by withholding just 13 percent of the votes cast for chairman Alison J. Carnwarth and chief executive Kevin R. Davis. Other board members — including Bob “I’ll take mine in used bills” Sloan — were opposed by about 3.5 percent of the roughly 105 million votes cast, although fewer than one percent opposed Eileen Fusco.

She was the only non-executive director to buy stock out of her own pocket in the aftermath of the February wheat trading scandale, paying almost $20 each for 2500 shares in early March.

NakedShorts has formally withdrawn his opposition to former HSBC USA serang Martin J. Glynn, who has, since voting closed, elected to take all of his $250,000 fee in stock. Bob, take note. Get with the program.

MF Global Ltd
SEC Form 10Q Aug. 13 2008

Earlier on NakedShorts:

Time to hang some chads
Jul. 24 2008

Disclosure: NakedShorts remains long MF Global. The allocation has, however, been transferred from the Falling Anvil portfolio to the Dead Money portfolio.

Comments

[buyforeclos...:]

Greg this sure looks appealing around $6 now with a $10 book value and alot of insoder and Institutions in WAY above current price.... Is this an easy double in 12 months? Seems like it could be back in 30's in 2 years... your Opinion?

2008 Aug 19 02:31 PM