A Loophole Helps Johnson Controls Hide Millions in CEO Pay

Theo Francis reports that CEO Alex Molaniroli was able to hide eleven months of his pay due to a merger with Tyco International. VEA Vice Chair Nell Minow commented:

But some say that doesn’t justify giving incomplete pay figures, and leaving investors unsure how much has been omitted. “The immediate question is, what are you trying to hide, and why are you trying to hide it?” said Nell Minow, a longtime corporate-governance advocate.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s