Teamsters take aim at executive bonuses at drug distributor AmerisourceBergen

The Teamsters are asking for a hold on AmerisourceBergen CEO’s pay due to pending liability for the company’s involvement in opioids. nvestors are exposed to those costs, the Teamsters say. And they argue that a bonus deferral program is a “critical” accountability measure that would give the company’s board a longer horizon to decide whether…

Executive Pay for Luck: New Evidence Over the Last 20 Years

Per the Wall Street Journal (May 17, 2019), when it comes to CEO compensation at big companies, “the best performers got big pay and big raises […], but the laggards didn’t do much worse.” The data underlying the central argument of that article pointed to a year-on-year rise in median compensation for S&P 500 CEOs…

Inequality Isn’t Shareholders’ Fault, But They Can Help Fix It – WSJ

Investors who want to do good while still doing well shouldn’t worry too much about high levels of corporate profit. They should worry about exorbitant executive pay. Income inequality remains the elephant in the room for asset managers who factor environmental, social and governance criteria into their investment decisions. It is an important one, though….

Most Overpaid CEO Webinar Featuring Nell Minow — February 25, 2020

Join VEA Vice Chair Nell Minow in As you Sow’s webinar discussing their latest report on CEO Pay. As You Sow’s Rosanna Landis Weaver, Founder and CEO of HIP Investor, Paul Herman, and ex-Secretary of Labor Robert Reich in a live webinar, for a scintillating analysis of the most egregiously overpaid CEOS of the S&P…

More CEOs Must Retain Equity Awards Post-Vesting

Requiring CEOs to retain their equity awards is something we have been advocating for a long time. It is absolutely essential for making sure executives focus on the long term. We appreciate the credit given to ISS and CII in this article, further evidence that the SEC’s proposed rules squelching shareholder oversight on pay are…

Shareholder dissent on CEO pay remains high at FTSE 500 firms

hareholder resolutions related to executive pay that received significant shareholder dissent at the annual general meetings of FTSE 350 companies remained high in 2019, a review by Pensions and Lifetime Savings Association found. The PLSA review, which analyzes investors voting behavior, said that in 2019 there were 148 resolutions that attracted a 20% dissent from…

Study: CEO Pay Rise is Attributable to Company Size

A new study concludes that the rise in CEO pay is attributable to market capitalization. Of course, it is supposed to be attributable to performance. So what we learn from this is that there is a perverse incentive for CEOs to make companies bigger instead of better. In recent decades at least, the size of…