The company admitted that it overstated earnings and provided misleading press releases. A few other Memphis companies are too young to make our survey but deserve mention nevertheless. Other new stocks with Memphis connections and high-tech sizzle faded fast despite being darlings of the business press and day traders. CEO J. Michael O Dell resigned and the company moved its headquarters from Memphis to Atlanta. Well, the Memphis Board of Education meets 30 to 40 times a year, for two to five hours per meeting.
Education ranks at or near the top of almost every survey of national priorities.
Any attempt to raise that amount means running a gauntlet of mostly negative publicity. For comparison, this is what a sampling of corporations in Memphis pay the members of their boards of directors. To date, no CEO or high-ranking corporate executive has publicly endorsed the proposed pay raise for school board members. First Tennessee Bank - discounted stock options. RFS Hotel Investors - 12,500 restricted shares of stock.