No Votes on CEO Pay 2018

As You Sow Rosanna Weaver reports on 2018 proxy season no votes on pay: Not all the votes are in, but there are already a significant number low votes and outright losses among the S&P 500 on pay packages. So far there are seven S&P 500 companies that have lost majority votes that I’m aware…

Tronc pays Ferro $15 million for unfulfilled consulting work – Joe Cahill Business Blog – Crain’s Chicago Business

There are excessive executive compensation packages, and then there are outright giveaways. Put Tronc’s recent payment of $15 million to former Chairman Michael Ferro in the latter category.The publisher of the Chicago Tribune and other newspapers disclosed last week that it accelerated payment of $15 million in fees under a three-year consulting agreement with Ferro…

CEOs should disclose their real wages. The real pay gap is [even more] maddening.

This year’s first pay ratio disclosures are not entirely accurate, according to Ralph Nader and Steven Clifford in USA Today, because they omit the biggest category of CEO pay, stock and option grants. Apity reported that CEO Kevin P. Clark’s total compensation was $13,800,347. He also received $17,699,452 from exercising stock option, an amount not…

Asset managers accused of grandstanding on Persimmon pay | Portfolio Adviser

Asset managers who slammed Persimmon pay packages this AGM season have been silent when questioned over their voting record at the UK housebuilder, which enabled executive remuneration to soar.<P><P>At this year’s AGM, held in April, 48.5% of shareholder votes were cast against the pay report, which sees chief executive Jeff Fairburn receive a whopping £75m.<P><P>But…