Restore Executive Compensation Credibility
October 21, 2009
The Conference Board has delegated a task force of governance experts to overhaul executive compensation practices.
October 21, 2009
The Conference Board has delegated a task force of governance experts to overhaul executive compensation practices.
Boards: Consider Risk When Determining Compensation
September 23, 2009 by Dan Borge
Boards need to link pay to both long-term value creation and risk-taking.
September 23, 2009 by Dan Borge
Boards need to link pay to both long-term value creation and risk-taking.
CEO ‘Corporate Perks’ Still Prevalent
September 9, 2009 by Gretchen Michals
CEOs experienced an increase in company perquisites just prior to the financial crisis in the beginning of 2009.
September 9, 2009 by Gretchen Michals
CEOs experienced an increase in company perquisites just prior to the financial crisis in the beginning of 2009.
Interview: Wall Street Pay and Misguided Outrage
August 12, 2009
David Weild, a senior advisor at Grant Thornton, gives a thoughtful and thought-provoking critique and analysis of current pay practices on Wall Street.
August 12, 2009
David Weild, a senior advisor at Grant Thornton, gives a thoughtful and thought-provoking critique and analysis of current pay practices on Wall Street.
Battle Expected Over Say-on-Pay Details
August 7, 2009
To be considered independent, comp committee members cannot accept any consulting, advisory, or other fees outside of pay received for their board service.
August 7, 2009
To be considered independent, comp committee members cannot accept any consulting, advisory, or other fees outside of pay received for their board service.
British Telecom Cuts Exec Pay
July 6, 2009 by Joseph McCafferty
UK communications giant BT has announced that it will set its executives’ base salaries at a rate below the average paid to the competition.
July 6, 2009 by Joseph McCafferty
UK communications giant BT has announced that it will set its executives’ base salaries at a rate below the average paid to the competition.
SEC Targeting ‘Celebrity’ Directors
June 30, 2009
The Securities and Exchange Commission is considering implementing a series of rules that would call into question the relevant qualifications of certain “celebrity” directors that have found a place on public company boards.
June 30, 2009
The Securities and Exchange Commission is considering implementing a series of rules that would call into question the relevant qualifications of certain “celebrity” directors that have found a place on public company boards.
Treasury’s Goal: Balanced Executive Pay
June 25, 2009 by Joseph McCafferty
The Treasury Department released a statement emphasizing the department and the Obama administration’s dedication to maintaining a balanced system of executive compensation at banks receiving taxpayer bailout funds.
June 25, 2009 by Joseph McCafferty
The Treasury Department released a statement emphasizing the department and the Obama administration’s dedication to maintaining a balanced system of executive compensation at banks receiving taxpayer bailout funds.
Citi Looks to Widespread Pay Kick
June 24, 2009
Citigroup announced yesterday its intentions to boost the base salaries of its employees at the expense of bonuses and other special payouts.
June 24, 2009
Citigroup announced yesterday its intentions to boost the base salaries of its employees at the expense of bonuses and other special payouts.
Royal Bank of Scotland Defends Hester’s Pay
June 23, 2009 by Joseph McCafferty
The Royal Bank of Scotland defended its decision to grant its new CEO a pay deal worth as much as 9.6 million pounds.
June 23, 2009 by Joseph McCafferty
The Royal Bank of Scotland defended its decision to grant its new CEO a pay deal worth as much as 9.6 million pounds.
Goldman to Pay Out Record Bonuses
June 22, 2009 by Joseph McCafferty
A successful first half of the year at Goldman Sachs suggests that the bank holding company could pay out record bonuses at year-end.
June 22, 2009 by Joseph McCafferty
A successful first half of the year at Goldman Sachs suggests that the bank holding company could pay out record bonuses at year-end.
Government May Extend Exec Pay Oversight
June 22, 2009
Obama’s recent appointment of an executive compensation czar to oversee pay at companies that have received federal assistance could result in the government’s eventually dictating executive compensation practices for all companies.
June 22, 2009
Obama’s recent appointment of an executive compensation czar to oversee pay at companies that have received federal assistance could result in the government’s eventually dictating executive compensation practices for all companies.
BofA Making Big Retention Payouts
June 18, 2009
In efforts to entice and retain top talent, Bank of America has been making big bonus payouts to key employees.
June 18, 2009
In efforts to entice and retain top talent, Bank of America has been making big bonus payouts to key employees.
Former RBS CEO Agrees to Smaller Pension
June 18, 2009 by Joseph McCafferty
The former CEO of the bailed-out Royal Bank of Scotland Group, Sir Fred Goodwin, has agreed to forgo about half his pension, which led to public outrage earlier this year.
June 18, 2009 by Joseph McCafferty
The former CEO of the bailed-out Royal Bank of Scotland Group, Sir Fred Goodwin, has agreed to forgo about half his pension, which led to public outrage earlier this year.
Greenberg ‘Angry’ About Losing AIG Job
June 18, 2009 by Joseph McCafferty
Former American International Group CEO Maurice “Hank” Greenberg said he was angry about losing his job in 2005.
June 18, 2009 by Joseph McCafferty
Former American International Group CEO Maurice “Hank” Greenberg said he was angry about losing his job in 2005.
Top Executives’ Pay Edges Upward
June 16, 2009 by Joseph McCafferty
In Georgia, executive pay for senior executive rose three percent in 2008 to $1.88 million.
June 16, 2009 by Joseph McCafferty
In Georgia, executive pay for senior executive rose three percent in 2008 to $1.88 million.
Good CEOs Are Underpaid
June 16, 2009 by Joseph McCafferty
CEO pay has failed to keep pace with the rising competition of top hedge fund managers, investment bankers, private equity investors, money managers, and lawyers.
June 16, 2009 by Joseph McCafferty
CEO pay has failed to keep pace with the rising competition of top hedge fund managers, investment bankers, private equity investors, money managers, and lawyers.
AIG Sues Greenberg, Says He Raided Fund
June 15, 2009 by Joseph McCafferty
American International Group is taking former CEO Maurice R. Greenberg to court, accusing him of ransacking a trust that it says was set to pay top performers.
June 15, 2009 by Joseph McCafferty
American International Group is taking former CEO Maurice R. Greenberg to court, accusing him of ransacking a trust that it says was set to pay top performers.
Feinberg to Oversee Exec Compensation
June 11, 2009 by Joseph McCafferty
The Treasury Department appointed Washington lawyer, Kenneth R. Feinberg, to oversee the compensation of employees at the seven companies receiving financial assistance from the government.
June 11, 2009 by Joseph McCafferty
The Treasury Department appointed Washington lawyer, Kenneth R. Feinberg, to oversee the compensation of employees at the seven companies receiving financial assistance from the government.
Govt to Impose More Exec Pay Restrictions
June 10, 2009 by Joseph McCafferty
The Obama administration is preparing to enact new guidelines on compensation that would take effect across the financial sector.
June 10, 2009 by Joseph McCafferty
The Obama administration is preparing to enact new guidelines on compensation that would take effect across the financial sector.