Proxy adviser ISS recommends vote ‘against’ executive pay at Alphabet – Reuters

Institutional Shareholder Services (ISS) has recommended shareholders of Google-parent Alphabet Inc to vote “against” the company’s proposed executive pay at its annual meet in June, according to a report seen by Reuters on Thursday. “The compensation committee has demonstrated poor stewardship of pay programs as evidenced by recurring concerns of outsized awards that are not…

Hertz (HTZ) Seeks $70M in Clawbacks Tied to Accounting Scandal – Bloomberg

Hertz Global Holdings Inc. is demanding that ex-Chief Executive Officer Mark Frissora and other former senior managers return at least $70 million of incentive compensation for their roles in an accounting scandal five years ago. Mark FrissoraPhotographer: Andrew Harrer/Bloomberg The car-rental chain accused the former executives of pressuring employees to use fraudulent accounting techniques to…

The Insidious Vocabulary of CEO Compensation

As you can imagine, a lot of energy and creativity is going into figuring out how to make sure executives do not lose their bonuses because of COVID-19 economic uncertainty. We are watching this closely as it subverts the entire concept of incentive compensation if it is all upside and no downside. Incentive compensation is…

Media CEO Salaries Will Be Hard To Justify In A COVID-19 Economy – Deadline

“The proxies we are looking now at seem like a message from a time capsule. They don’t seem to have a lot of relevance,” says Nell Minow, vice chair of ValueEdge Advisors, a corporate governance advisory firm for institutional investors. “But I am very concerned about what’s happening now.” She’s focused on potentially “big grants…

Teamsters take aim at executive bonuses at drug distributor AmerisourceBergen

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…

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…