The New York Times reports on “a blowout year” for CEO pay. Even in a gilded age for executive pay, 2020 was a blowout year. A comprehensive survey of the 200 highest-paid chief executives at public companies conducted for The New York Times by Equilar, an executive compensation consulting firm, revealed some of the biggest…
Tag: ceo pay
Agenda – BlackRock Whacks Boards on Compensation Changes
BlackRock, the world’s largest asset manager and one of many companies’ largest investors, has voted against compensation plans at several large companies this proxy season, including General Electric last week. The asset manager voted against 15% of compensation-related resolutions at its Americas-based portfolio companies that held annual meetings in the first quarter of this year….
SEC: Comment from Securities Lawyer Thomas Gorman
The SEC is considering additional restrictions on insider stock sales. We support these rules because it is too easy now for insiders to game the system. Even if sales are scheduled in advance, insiders control the timing of disclosures and other actions that can affect stock price. Thomas Gorman is a former SEC attorney and is…
Nell Minow on ESG, Corporate Governance, CEO Pay, and More
VEA Vice Chair Nell Minow said it was a great pleasure to speak to Evan Epstein for his Boardroom Governance podcast. Listen here.
Media CEO Salary & Pay: Richest Hollywood & Tech Executives – Deadline
VEA Vice Chair Nell Minow is quoted in this article about the way compensation committees are altering incentive pay benchmarks to shovel more money into the bank accounts of CEOs. Nell Minow, vice chair of ValueEdge Advisors, which guides shareholders on how to use their rights to preserve portfolio value and diminish risk — including…
Record NO Votes on CEO Pay
CNBC reports on the record number of shareholders voting no on advisory-only CEO pay proposals.
Agenda – BlackRock Whacks Boards on Compensation Changes
lackRock, the world’s largest asset manager and one of many companies’ largest investors, has voted against compensation plans at several large companies this proxy season, including General Electric last week. The asset manager voted against 15% of compensation-related resolutions at its Americas-based portfolio companies that held annual meetings in the first quarter of this year….
Rio Tinto hit by huge protest vote on executive pay over Juukan destruction – ABC News
Rio Tinto investors have given the miner a slap in the face at the company’s annual general meeting in Perth by voting against big bonuses for top executives to protest the destruction of sacred Aboriginal caves at the Juukan Gorge. Key points: 60 per cent of Rio Tinto investors vote against executive pay plans after destruction of…
C.E.O. Pay Remains Stratospheric, Even at Companies Battered by Pandemic
From the New York Times: “We’ve created this class of centimillionaires and billionaires who have not been good for this country,” said Nell Minow, vice chair of ValueEdge Advisors, an investment consulting firm. “They may build a wing on a museum. But it’s not infrastructure — it’s not the middle class.” The gap between executive…
CEO Pay Surged in a Year of Upheaval and Leadership Challenges – WSJ
CEO pay surged in 2020, a year of historic business upheaval, a wrenching labor market for many workers and unprecedented challenges for many leaders. Median pay for the chief executives of more than 300 of the biggest U.S. public companies reached $13.7 million last year, up from $12.8 million for the same companies a year…
