Some Miners Undercount Deaths, Boosting Executive Bonuses – WSJ

company executive said South32 intends to disclose future deaths that occur in environments where the company doesn’t have direct control in its annual sustainability report, though it still won’t classify them as an occupational fatality, which would affect bonuses. In its annual report, for the financial year ending June 2019, South32 said an absence of…

Calpers Takes Aim at CEO Pay and Questions Shareholder Behavior – Bloomberg

Many chief executive officers at U.S. companies are paid too much — and investors aren’t holding corporate boards accountable, a senior official at the country’s largest public pension fund said. The too-generous compensation happens despite talk that executive pay is linked to performance, said Simiso Nzima, head of corporate governance at the $389-billion California Public…

Comp Committees Lower Performance Benchmarks to Award Bonuses

According to Veritas Executive Compensation Consultants: Although most companies have seen their operating plans upended by the Covid-19 pandemic, compensation committees have largely declined to announce changes in the midst of the crisis to annual incentive plans for the year. Now, however, as the impact of the pandemic is coming into focus, some companies are…

Murdochs Dodge $82 Million Suit Over $72 Billion Disney-Fox Deal

Billionaire media mogul Rupert Murdoch and his sons don’t have to face a shareholder challenge to the $82.4 million in bonuses they got when selling Fox’s film and TV assets to Walt Disney Co. for $71.6 billion, a Delaware judge ruled Friday. “The critical deficiency in the complaint is the lack of any factual allegations…

U.S. firms shield CEO pay as pandemic hits workers, investors – Reuters

NEW YORK/BOSTON (Reuters) – Sonic Automotive Inc (SAH.N), which operates 95 U.S. car dealerships, started laying off and furloughing about a third of its workforce as the coronavirus pandemic crushed its sales. Then it changed its executives’ pay packages – handing them a multimillion-dollar windfall. FILE PHOTO: Christopher Nassetta, the President and CEO of Hilton,…