Other people's money.
It's proxy statement season for most publicly traded companies, and those releases are packed with nuggets of Whispers readers' No. 1 interest: Other People's Money.
The compensation packages for top executives are typically most newsworthy, but "related person transactions" can also be enlightening.
For instance, last week's proxy from Wal-Mart Stores Inc. revealed that the company paid about $1.5 million to the University of Arkansas in fiscal 2013, including $860,500 for using university facilities for meetings and events--primarily for the Really Big Show known as the annual shareholders meeting.
The rest was spent on academic studies and educational services and for contributions and sponsorships.
Wal-Mart has to disclose its dealings with the UA because of the Gearhart Factor: G. David Gearhart, chancellor of the UA, is the brother of Jeffrey J.
Gearhart, executive vice president of global governance for Wal-Mart.