Tabcorp lashes ‘caucus’ of investors and proxy firms | afr.com

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,…

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…

Fidelity Votes No on GE Pay

Some Fidelity Investments funds voted this spring to oppose the compensation received by General Electric Co. CEO John Flannery and other top GE executives, according to regulatory filings published last week…. Fidelity was in the minority on the pay question. Among GE shareholders, “yes” votes outnumbered “no” votes by a more than 10-to-1 margin. Boston…

‘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…