The fund manager Schroders is at risk of a shareholder backlash after an influential advisory firm issued a warning about “excessive” bonuses and the appointment of a Schroder family member to its board.Glass Lewis has recommended that at next month’s annual meeting investors vote against the company’s pay report, as well as the election of…
Tag: ceo compensation
CEO Stock Options Drive Income Smoothing
[A] new study finds that to a large extent, [any benefit from income “smoothing”] actually depends on the relative volume of stock and stock options held by the CEO. Prior research has offered two competing explanations for corporate income smoothing, notes the study, “Managerial Equity Holdings and Income-Smoothing Behavior,” published in the spring issue of…
Here’s one way to tell if a company is overpaying its CEO – MarketWatch
VEA Vice Chair Nell Minow is quoted in this article about use of non-standard financial reporting to inflate CEO compensation: U.S. companies that use nonstandard numbers to calculate executive compensation are overpaying their top managers, according to a new research report. The working paper, “High Non-GAAP Earnings Predict Abnormally High CEO Pay,” by Nicholas Guest…
Companies do better when they tie outgoing CEOs to keeping stock | Financial Times
Companies that tie senior executives to keeping their shares when their job ends perform better than those that let bosses sell stock when they leave, according to research by Schroders, the £421bn London fund house.Corporate governance activists want chief executives to be required to hold shares in the companies they run for a set period…
UK MPs’ Proposals On Curbing Excessive Corporate Pay Resonate For Ethics And Society — Dina Medland
On a day in Britain when it feels very much as if everything is broken, there is an important report out from the UK parliament’s business select committee that points to one step forward on repair: the critical need to join up the dots in the debate around the fundamental role of business in society….
Many S&P 500 CEOs Got a Raise in 2018 That Lifted Their Pay to $1 Million a Month – WSJ
The strong U.S. economy has created millions of jobs and pushed up wages for many Americans. It also helped many big-company CEOs secure another raise and total compensation worth $1 million a month.Median compensation for 132 chief executives of S&P 500 companies reached $12.4 million in 2018, up from $11.7 million for the same group…
Wells Fargo CEO Tim Sloan Got 5% Pay Raise In Spite Of Scandals | Fortune
In spite of the scandals upon scandals that Wells Fargo dealt with last year—and continues to deal with—the bank submitted a security filing Wednesday which revealed that CEO Tim Sloan received a 5% pay raise between 2017 and 2018, totaling to an $18.4 million salary.Sloan’s compensation, which Reuters reports included a $2 million bonus for…
Why Does CEO Compensation Matter?
Alex Barjadi explains why CEO compensation is important for investors. His example is a “long term” plan that is revised just one year later and just one competitor for comparison purposes. He does not reveal the name of the company, but in private correspondence he has revealed it: Siemens Gamesa Renewable Energy
Webinar on the Most Outrageously Overpaid CEOs of 2018
Join As You Sow’s Rosanna Landis Weaver, Founder and CEO of HIP Investor, Paul Herman, and ex-Secretary of Labor Robert Reich in a live webinar ob the most egregiously overpaid CEOS of the S&P 500. Source: Registration
European investors beef up stance over high executive pay | Financial Times
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…
