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Footnotes: Shareholders Gone Wild; House Bill Goes After SEC; Tax Season Complaints | 05.03.13

One of the highest-paid U.S. corporate bosses lost his job Friday, as investors at Occidental Petroleum Corp. OXY +3.03% made Chairman Ray Irani the latest victim of a rising wave of shareholder activism. Mr. Irani, who spent three decades at Occidental, will leave his post at the helm of the board, the oil-and-gas company said in a statement released after its shareholder meeting Friday. The 78-year-old, who was forced to step aside as CEO two years ago over his outsized pay, recently angered shareholders by trying to oust the current chief executive. [WSJ]

House will take up bill to rein in the SEC’s regulatory power [The Hill]
The Corporate Tax Game [NYT]
Taxes Influence Investment Strategy, and Not Always for the Better [NYT]
PwC received £50m in fees from ENRC [FT]
Many states miss targets for withheld taxes in April [Reuters]
Pritzker Family Baggage: Tax Saving Offshore Trusts [Forbes]
IRS Oversight Board Fields Tax Season Complaints at Hearing [AT]
A New Way to Address the International Tax Mess [TaxVox]
Prostitute Hired by 14-Year-Old Steals His Piggy Bank [Gawker]
Posted in ANR