Citigroup, Merrill Seek More Foreign Capital
January 10, 2008 by Joseph McCafferty
Citigroup and Merrill Lynch, two companies that just named new chief executives amid financial slides due to troubles in the U.S. housing market, recently raised billions of dollars from outside investors. Now, according to various news reports, they are in discussions to get additional infusions of capital from investors, primarily foreign governments.
January 10, 2008 by Joseph McCafferty
Citigroup and Merrill Lynch, two companies that just named new chief executives amid financial slides due to troubles in the U.S. housing market, recently raised billions of dollars from outside investors. Now, according to various news reports, they are in discussions to get additional infusions of capital from investors, primarily foreign governments.
Canadian Group Opposes ‘Say on Pay’
January 8, 2008 by Joseph McCafferty
New regulations or mandatory shareholder votes on executive compensation aren't necessary, since Canadian corporate boards are better positioned to decide on these matters
January 8, 2008 by Joseph McCafferty
New regulations or mandatory shareholder votes on executive compensation aren't necessary, since Canadian corporate boards are better positioned to decide on these matters
ISS Releases Proxy Voting Policy Updates
November 26, 2007 by Joseph McCafferty
Compensation issues continue to be the major focus for investors heading into the 2008 U.S. Proxy season, and as a result, proxy voting policy updates have been released by RiskMetrics Group’s ISS Governance Services unit.
November 26, 2007 by Joseph McCafferty
Compensation issues continue to be the major focus for investors heading into the 2008 U.S. Proxy season, and as a result, proxy voting policy updates have been released by RiskMetrics Group’s ISS Governance Services unit.
Aflac Moves Say on Pay Voting up to 2008
November 19, 2007 by Joseph McCafferty
Aflac Inc.’s board has approved a resolution that moves the adoption of Say on Pay up from 2009 to 2008. The resolution will give the company’s shareholders an opportunity to cast a non-binding advisory vote on the company’s pay-for-performance compensation of the top five named executive officers.
November 19, 2007 by Joseph McCafferty
Aflac Inc.’s board has approved a resolution that moves the adoption of Say on Pay up from 2009 to 2008. The resolution will give the company’s shareholders an opportunity to cast a non-binding advisory vote on the company’s pay-for-performance compensation of the top five named executive officers.
Cisco Shareholders Support Say on Pay
November 16, 2007 by Joseph McCafferty
Nearly half of Cisco ’s shareholders this week supported a Say on Pay proxy resolution by Christian Brothers Investment Services that asks the company to put to a vote the board’s compensation report.
November 16, 2007 by Joseph McCafferty
Nearly half of Cisco ’s shareholders this week supported a Say on Pay proxy resolution by Christian Brothers Investment Services that asks the company to put to a vote the board’s compensation report.
Verizon to Give Shareholders Say on Pay
November 2, 2007 by Joseph McCafferty
Verizon’s board of directors yesterday adopted a policy that will give the phone company’s shareholders an annual non-binding vote on top executives’ pay packages, making it the second U.S. public company to institute the so-called “say on pay” vote.
November 2, 2007 by Joseph McCafferty
Verizon’s board of directors yesterday adopted a policy that will give the phone company’s shareholders an annual non-binding vote on top executives’ pay packages, making it the second U.S. public company to institute the so-called “say on pay” vote.
Giant Exit Package for Merrill CEO Could Compel Boards to Revisit Severance
October 31, 2007 by Joseph McCafferty
Reports say Stanley O'Neal, who is in the process of being relieved of his duties as CEO of Merrill Lynch, will walk away from the investment bank with a minimum of $159 million. That eye-popping sum following on the heels of Merrill's $8.4 billion write-down is likely to invigorate those who say that CEO pay is an outrage.
October 31, 2007 by Joseph McCafferty
Reports say Stanley O'Neal, who is in the process of being relieved of his duties as CEO of Merrill Lynch, will walk away from the investment bank with a minimum of $159 million. That eye-popping sum following on the heels of Merrill's $8.4 billion write-down is likely to invigorate those who say that CEO pay is an outrage.
Say on Pay Opponent, Oxley, States His Case
October 23, 2007 by Joseph McCafferty
Proposed legislation to give investors an advisory vote on executive pay, if passed, would lead to the unintended consequences of messy litigation and more law-making from Congress, argued former Congressman Michael Oxley, at the annual NACD Conference in Washington last week.
October 23, 2007 by Joseph McCafferty
Proposed legislation to give investors an advisory vote on executive pay, if passed, would lead to the unintended consequences of messy litigation and more law-making from Congress, argued former Congressman Michael Oxley, at the annual NACD Conference in Washington last week.
“Say on Pay” Proposal at Activision Rings Up Record Support
October 1, 2007 by Joseph McCafferty
Investors at Activision gave 69-percent support to a shareholder resolution asking for an annual advisory vote, or “Say on Pay,” on executive compensation, according to proponents.
October 1, 2007 by Joseph McCafferty
Investors at Activision gave 69-percent support to a shareholder resolution asking for an annual advisory vote, or “Say on Pay,” on executive compensation, according to proponents.
Pay It Straight
September 1, 2007 by Joseph McCafferty
Boards are still adjusting to new compensation requirements and proposals, but our survey shows, surprisingly, that many favor them.
September 1, 2007 by Joseph McCafferty
Boards are still adjusting to new compensation requirements and proposals, but our survey shows, surprisingly, that many favor them.