Excessive executive pay is under greater scrutiny in Europe as investors rebuff big pay packets for chief executives and take aim at directors who refuse to tackle concern over bumper bonuses.A report by Georgeson, the shareholder engagement and governance consultancy, said that this year at least one in 10 shareholders opposed pay report resolutions at…
Tag: ceo compensation
Call for Whitehaven investor revolt on pay, carbon | afr.com
Whitehaven Coal is facing an investor revolt at its annual meeting on Thursday after an influential proxy adviser urged shareholders to vote against the proposed remuneration for the booming miners’ chief executive.CGI Glass Lewis called for shareholders to reject the miner’s remuneration report, the equity grant to chief executive Paul Flynn and in favour of…
Tabcorp lashes ‘caucus’ of investors and proxy firms | afr.com
Sometimes CEOs forget exactly what the underlying principles of capitalism are. Here a CEO lashes out at proxy advisors and shareholders who object to excessive pay. That “opportunity to reflect” that led to “more appropriate pay?” That opportunity was the direct result of a 40 percent vote against. If customers do not like a product,…
Telstra considers executive pay overhaul after investors’ first strike against board | Australia news | The Guardian
We are very intrigued by the provision that a two-times vote against CEO pay has meaningful consequences in Australia. And needless to say, not impressed with the “everyone does it” excuse. Telstra is considering an overhaul of how it calculates executive bonuses after suffering a first strike from shareholders opposed to its remuneration report.More than…
The (expensive) lesson GE never learns – The Washington Post
How about a #MeToo movement for executive compensation?No joke. Corporate America has abused shareholders for too long. They have made a mockery of fairness, taste and responsible capitalism.They have no more idea of proper incentives than Harvey Weinstein had of employee relations.Their unceasing grabbing of tens of millions of other people’s (their shareholders’) money bespeaks…
Calpers Ups Pressure on Companies Over Executive Pay, Lack of Diversity
The California Public Employees’ Retirement System voted against pay programs this year at 43 percent of the 2,145 U.S. public firms it owns stakes in, up from 18 percent in 2017, the system said Monday. One reason is closer scrutiny, said Simiso Nzima, investment director for corporate governance. In past years some firms may have…
CEO pay jumps to $19 million annually, as fears mount over the wealthy pocketing gains – The Washington Post
A nice synchronicity with the announcement of Senator Elizabeth Warren’s proposed Accountable Corporations Act. The article below, says that stock grants and stock options “can lead to substantial paydays for CEOs when companies perform well in the market.” We note that they lead to substantial paydays when the market as a whole performs well, even…
Don’t miss out on the investor revolution taking big firms like Royal Mail and Persimmon to task | This is Money
Revolts by shareholders over company pay and board appointments seem to have become more prevalent this year. Last month Royal Mail experienced the second biggest shareholder uprising in modern times, when 70 per cent rejected the pay package of new boss Rico Back. It was an embarrassing revolt that sent the postal-service firm back to…
‘Eye-popping’ payouts for CEOs follow Trump’s tax cuts – POLITICO
Some of the biggest winners from President Donald Trump’s new tax law are corporate executives who have reaped gains as their companies buy back a record amount of stock, a practice that rewards shareholders by boosting the value of existing shares.A POLITICO review of data disclosed in Securities and Exchange Commission filings shows the executives,…
The ESG Impact on Executive Compensation | Pearl Meyer
Matt Turner on ESG factors in CEO pay: Recently ESG (environmental, social, and governance) issues have gained increasing traction in corporate boardrooms. Has there been an impact on executive compensation?Yes, in various ways, ESG issues are showing up in the performance framework of executive incentive compensation and, more broadly, in executive performance evaluation. With respect…
