As You Sow has released its annual “Most Overpaid CEOs” list for 2023. This is not highest-paid but most overpaid in terms of the value they bring to shareholders. Some of the same names keep turning up, year after year, including Jamie Dimon of JP Morgan Chase (Compensation Committee: Linda B. Bammann, Todd A. Combs,…
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Do Any Climate-Related Incentive Comp Plans Get a Passing Grade?
As You Sow has issued an excellent; new report evaluating the 47 companies responsible for 80 percent of carbon emissions, based on the incentive compensation based on achieving environmental goals. The companies were assessed on three indicators: One company got a B. Four got Cs. None got an A. Their findings:
Caterpillar Endorses As You Sow Climate Proposal
Caterpillar has recommended a vote in favor of the shareholder proposal on climate disclosures submitted by As You Sow. Resolved: Shareholders request that Caterpillar issue a report within a year, and annually thereafter, at reasonable expense and excluding confidential information, disclosing interim and long term greenhouse gas targets aligned with the Paris Agreement’s goal of maintaining…
Investors sue U.S. regulator over Trump-era AGM resolution rules | Reuters
We are delighted to hear that Jim McRitchie, ICCR, and As You Sow are challenging the new SEC rule on shareholder proposals with a lawsuit. A group of investors sued Wall Street’s regulator on Tuesday over rule changes that raise the bar for filing resolutions at annual shareholder meetings to call for new priorities or…
Record Shareholder Votes on ESG Proposals: As You Sow
As You Sow reports: 81% of DuPont shareholders want action on plastic pellet pollution! This vote is the highest ever shareholder vote on an environmental resolution opposed by company management. Pre-production plastic pellets are the 2nd largest source of ocean plastic pollution. 98% of General Electric shareholders voted in support of our resolution on the company’s plans to achieve net-zero…
Investment Giants BlackRock and Vanguard Fail to Live Up to Climate Commitments by Voting Against Shareholder Resolutions — As You Sow
Corporate governance nonprofit Majority Action released today its report analyzing asset managers’ 2019 voting records on climate-related shareholder proposals and CEO pay at energy and utility companies. The report finds that influential firms like BlackRock and Vanguard repeatedly voted with corporate management in opposing climate risk mitigation proposals. In fact, BlackRock and Vanguard voted against…
Starbucks to Eliminate Plastic Straws Following Strong Investor Support for As You Sow Proposal — As You Sow
Most news reports about the announcement from Starbucks that they will stop using single-use plastic straws overlooked the importance of a shareholder proposal on the issue: As You Sow is pleased to learn via news reports of Starbucks’ commitment to phase out plastic straws at all stores by 2020. A shareholder proposal filed by As…
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…
Join VEA Vice Chair Nell Minow for a Webinar on Overpaid CEOs
The 100 Most Overpaid CEOs 2016: Are Fund Managers Asleep at the Wheel? Webinar Date: 02/17/16 at 1:00pm PT / 4:00pm ET Register The 100 Most Overpaid CEOs 2016, the second report in a series from As You Sow, is designed to provide investors an overview of companies that overpay their CEOs, and the structures…
Departing CEO at Boeing Receives Very Generous Severance Package — As You Sow Report
A new report from As You Sow: The most astounding component of McNerney’s package however, is his retirement payments. Under his employment agreement, he has a “target benefit” that the company describes as “calculated as a straight-life annuity commencing at age 62 payable from Boeing (including qualified pension benefits, nonqualified pension benefits and the employment…
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