Mr. Poppe characterized Mr. Johnson's tenure as being "at the center of several egregious corporate governance debacles".
In 1998, the California Public Employees Retirement System, the nation's largest pension fund, said Michaels had "some of the most egregious corporate governance practices" at any publicly traded company.
In 1998, the California Public Employees Retirement System, or Calpers, described Michaels Stores, at which Mr. Wyly serves as chairman, as having some of the "most egregious corporate governance practices" of any publicly traded company.
DealBook » Goldman Director Under Criticism | Ruane, Cunniff and Goldfarb, an institutional investor that manages the Sequoia Fund, urged other Goldman Sachs shareholders in a letter to vote against re-electing James A. Johnson to the firm's board, saying he "has been at the center of several egregious corporate governance debacles".
A letter from the fund's managers noted he "has been at the centre of several egregious corporate-governance debacles", and cited Mr Johnson's own management of Fannie Mae and compensation scandals at KB Homes and United Healthcare during periods when he served on their boards.
The S.E.C. went so far as to require the bank to admit violations that George S. Canellos, the co-director of its enforcement division, described as "egregious breakdowns in controls and governance" that "put its millions of shareholders at risk and resulted in inaccurate public filings".
Most days, they endure poor politics and egregious governance — sometimes even despotism — because that's life.
"News Corp's behaviour has become an egregious collection of nepotism and corporate governance failures, with a board completely unwilling to provide even the slightest level of adult supervision".
I'd like my legacy to be that I was instrumental in bringing about a secular change in corporate governance so that the egregious abuses of executive power at so many of our corporations will be controlled and managements will become accountable.
This enables Putin, for now, to dismiss them and proceed with his governance of manipulative politics, centralized power and egregious abuse of executive authority.
In addition, better governance is one way to minimise the egregious examples of excessive pay that attract wide attention and spread the belief that all companies pay their top executives too much.
