No Gender Gap in CEO Compensation

So, female CEOs are just as overpaid as male CEOs — not surprising, going back to one of the most overpaid CEOs in history, Linda Wachner at Warnaco. The bigger problem is that there is no evidence that female CEOs are better at company-wide pay equity than the men. Our results reveal that there is…

Surprise! Comp Consultants Think CEO Pay is Just Fine

CEO compensation consultants Ira Kay, John Ellerman, and Sarah Blivens make the best arguments they can to support the current system of CEO pay in their firm’s newsletter. We believe that CEO compensation is a major competitive advantage for U.S. companies due to our own and extensive academic research, our decades of consulting with thousands…

Pension Fund Charges Netflix With Rigging Executive Bonuses

A federal lawsuit filed in the US District Court in San Francisco accuses Netflix of giving undeserved “sham” bonuses to top executives so that the company could take advantage of a prior tax loophole. The pension fund lawsuit was filed by the City of Birmingham Relief and Retirement System, one of the company’s shareholders. The…

ISS recommends against Goldman pay plan, worried on costs | Euronews

Proxy advisor Institutional Shareholder Services on Friday recommended investors vote against a stock plan for employees at Goldman Sachs Group Inc, concerned about its costs and the bank’s heavy use of stock-based compensation.In a report to clients sent by an ISS spokesman, the leading proxy advisor wrote that the “the cost of the company’s equity…

Here are the most overpaid CEOs in America right now

Shareholder advocacy group As You Sow’s annual report of the 100 Most Overpaid CEOs has just been released and, as usual, the salaries of the top CEOs are staggering. Topping this year’s list are Oracle’s co-CEOs Safra A. Catz and Mark Hurd who made a whopping $82,065,708. While that’s not the highest price tag, As…

Why modesty is king when it comes to CEO remuneration

Vlerick Business School has developed a “rich” database, fed every year with data on all aspects of CEO remuneration (for example, remuneration level, remuneration structures, typology of long-term incentives, and key performance indicators) in listed firms in the United Kingdom, Germany, France, the Netherlands, Belgium and Sweden.In the last edition, we were especially interested to…

Verizon’s retiree shareholders seek to block above-market executive pay, punish misconduct | FierceTelecom

Verizon’s activist retirees have launched two proxy proposals on this year’s ballot for the annual shareholders’ meeting in an effort to keep the telco’s executive management team more accountable.One of the proposals calls to claw back earnings from executives whose conduct harms shareholders, while another prohibits above-market earnings for senior executives on certain retirement and…

Disney shareholders vote against CEO Iger’s pay package

Walt Disney Co shareholders rejected an executive compensation plan that could reward Chief Executive Officer Bob Iger with up to $48.5 million a year over four years plus an equity grant worth about $100 million, in a non-binding vote on Thursday [March 8, 2018].<P><P>The total compensation is tied to the closing of Disney’s planned $52.4…

Globalization and Executive Compensation

William Olney and Wolfgang Keller attribute the rise in income inequality to globalization — and poor governance. We have three approaches to assess the extent to which this result is driven by rent-capture activities. First, we investigate whether executive bonuses, which are relatively discretionary and thus conducive to rent-capture, are more sensitive to export shocks….