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,…
Tag: ceo compensation
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…
Gender Pay Gap? Maybe Not in the Corner Office, a Study Shows – The New York Times
The pay gap between men and women has rightly become an important topic of conversation in offices and boardrooms across the country. Despite the efforts of some companies to address the disparity, women last year earned 82 percent of what men earned, according to a Pew Research Center report. The subject was the focus of…
Yawn. The Pearl Meyer Comp Consulting Firm Calls The CEO Pay Ratio “A Big Fat Dud”
It’s no surprise that a firm that is itself compensated by telling corporate executives that they are worth a lot of money is calling the first-ever pay ratio disclosures “a big fat dud.” Of course they think that. Those numbers, required by the Dodd-Frank post-meltdown legislation and finally made public for the first time, make…
