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,…
Tag: ceo compensation
VEA Vice Chair Nell Minow on CEO Pay Cuts: CNN
Apple, for example, said it is cutting the target pay package of Cook by 40%. But that still leaves him with a massive $49 million in total compensation. “They are still overpaid. Let me be super clear about that,” said Minow. CEO pay cuts could be just the start
Apple CEO Tim Cook receives a 40% pay cut after shareholder vote
Apple CEO Tim Cook will receive a pay cut in 2023 to $49 million in total compensation, the company said in a filing with the SEC. Cook requested the change, Apple said in the filing, following a shareholder vote on his pay package. The company also reduced the number of restricted stock units Cook would…
CII Welcomes New SEC 10(b)5-1 Rule
From the Council of Institutional Investors: CII applauds the SEC’s unanimous approval today of final rules that will close loopholes and enhance the transparency of executive trading plans in company stock. The adoption comes after CII pressed the commission for 10 years to reform these Rule 10b5-1 trading plans. “The new rules close gaps in the SEC’s…
Agenda – SEC’s Clawback Rule Could Change Compensation Structures
After years of anticipation from corporations, institutional investors and better-business advocates, the Securities & Exchange Commission adopted its final clawback rule this week requiring companies to recover erroneously awarded incentive-based compensation after making a financial restatement. The new rule will force companies to craft policies aligned with the SEC’s standards — and that also goes…
You Won’t Believe How Crazy CEO Pay Has Gotten Now | The New Republic
CEO pay no longer rises with the stock market; it rises well in excess of the stock market—more than one-third faster, according to a new report by Economic Policy Institute (EPI) research director Josh Bivens and research assistant Jori Kandra. It’s still true that a typical pay package for the CEO of a major corporation outperforms whatever company the CEO happens…
SEC Commissioner Caroline Crenshaw: Late Summer Sunshine: Statement on the Adoption of Pay Versus Performance
Today the Commission adopted a rule that provides investors with information about how corporate executives are paid. That is, quite simply, it. This rule does not regulate the way companies incentivize their executives, but rather the disclosures that companies are required to make about such compensation. More specifically, Pay Versus Performance disclosures give investors insight…
AMC Holders Rejection of CEO Adam Aron’s $19 Million Pay – Bloomberg
AMC Entertainment Holdings Inc. shareholders rejected the company’s proposed executive pay plan at its annual meeting Thursday, a rare rebuke of a management team that collected tens of millions of dollars last year.The vote was advisory, meaning the company isn’t obligated to change its executive remuneration plans. … Two of the most prominent proxy advisers,…
Investors Expect ESG Metrics in Executive Compensation: IR Magazine Survey
IR Magazine has a new survey showing strong investor interest in executive compensation as an indicator of investment risk and return and in ESG metrics in incentive pay. Just under seven in 10 investors consider executive compensation as part of their investment thesis. Alignment of interests between management and shareholders is the key benefit investors…
Intel CEO salary: Shareholders vote against executive pay program | Fortune
Around 1.78 billion votes, making up around 54.2% of shareholders of the chip-manufacturing giant, were cast against the executive compensation, while 932 million votes were made in favor. Around 577 million votes abstained or were broker nonvotes. The vote is advisory and won’t take immediate effect, but it indicates that a growing number of stockholders…
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