The Teamsters are asking for a hold on AmerisourceBergen CEO’s pay due to pending liability for the company’s involvement in opioids. nvestors are exposed to those costs, the Teamsters say. And they argue that a bonus deferral program is a “critical” accountability measure that would give the company’s board a longer horizon to decide whether…
Tag: ceo pay
Inequality Isn’t Shareholders’ Fault, But They Can Help Fix It – WSJ
Investors who want to do good while still doing well shouldn’t worry too much about high levels of corporate profit. They should worry about exorbitant executive pay. Income inequality remains the elephant in the room for asset managers who factor environmental, social and governance criteria into their investment decisions. It is an important one, though….
Most Overpaid CEO Webinar Featuring Nell Minow — February 25, 2020
Join VEA Vice Chair Nell Minow in As you Sow’s webinar discussing their latest report on CEO Pay. 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, for a scintillating analysis of the most egregiously overpaid CEOS of the S&P…
More CEOs Must Retain Equity Awards Post-Vesting
Requiring CEOs to retain their equity awards is something we have been advocating for a long time. It is absolutely essential for making sure executives focus on the long term. We appreciate the credit given to ISS and CII in this article, further evidence that the SEC’s proposed rules squelching shareholder oversight on pay are…
Shareholder dissent on CEO pay remains high at FTSE 500 firms
hareholder resolutions related to executive pay that received significant shareholder dissent at the annual general meetings of FTSE 350 companies remained high in 2019, a review by Pensions and Lifetime Savings Association found. The PLSA review, which analyzes investors voting behavior, said that in 2019 there were 148 resolutions that attracted a 20% dissent from…
CalPERS: 5-Year Horizon for Pay Plan Reviews and No Votes on Comp Committee Members in Extreme Cases
CalPERS, which cast “against” votes at 43 percent of its portfolio companies in its Say-on-Pay voting during the 2018 proxy season and against 53 percent in 2019, is continuing to adjust its methodology for evaluating pay plans. CalPERS Adopts New Say-on-Pay Methodology – JOHN ELLERMAN compensation consultants. That same year, CalPERS announced a significant change…
Nell Minow and Peggy Foran on Corporate Governance, ESG, and What Comes Next
VEA Vice Chair Nell Minow appeared on NPR’s On Point program with Prudential’s Peggy Foran to talk about corporate governance today, what’s better and what’s not, ESG, and what comes next.
New WeWork co-chief executives in line for $17m golden parachute payouts
We continue to be grateful that WeWork is not publicly held. And we continue to think that it is long past time for SoftBank’s investors to express some very significant concerns. WeWork’s new bosses will be handed a $17m (£13m) golden parachute if they are ever kicked out of the troubled office letting company, documents show….
Performance Metrics: Accelerating the Stakeholder Model
When the Business Roundtable announced their “new” commitment to “stakeholders,” we said it was not meaningful unless we saw incentive compensation aligned to specific stakeholder goals. At the Harvard Law School Forum on Corporate Governance and Financial Regulation, Equilar research analyst Connor Doyle looks at current incentive plans tied to goals other than the traditional…
Proposed Legislation: Tax excessive CEO pay
The Tax Excessive CEO Pay Act, introduced by Senator Bernie Sanders and Representatives Barbara Lee and Rashida Tlaib, would raise the corporate tax rate for any companies that pay their executive 50 times more than their typical workers. The bill begins with a 0.5 percent tax. The worst offending companies that pay their CEO more…
