The pay gap between men and women has rightly become an important topic of conversation in offices and boardrooms across the country. Despite the efforts of some companies to address the disparity, women last year earned 82 percent of what men earned, according to a Pew Research Center report. The subject was the focus of…
Tag: ceo pay
Yawn. The Pearl Meyer Comp Consulting Firm Calls The CEO Pay Ratio “A Big Fat Dud”
It’s no surprise that a firm that is itself compensated by telling corporate executives that they are worth a lot of money is calling the first-ever pay ratio disclosures “a big fat dud.” Of course they think that. Those numbers, required by the Dodd-Frank post-meltdown legislation and finally made public for the first time, make…
No Votes on CEO Pay 2018
As You Sow Rosanna Weaver reports on 2018 proxy season no votes on pay: Not all the votes are in, but there are already a significant number low votes and outright losses among the S&P 500 on pay packages. So far there are seven S&P 500 companies that have lost majority votes that I’m aware…
Do Market Reactions to CEO Deaths Tell Us Anything Useful about CEO Pay?
Tom Gosling writes: So what is a CEO really worth, and can that ever be £4m a year? Two rather morbid papers shed light on the question by looking at the market reaction to sudden CEO deaths. Many methods for looking at the impact of CEOs on company performance suffer from the problem that it…
Lloyds faces shareholder revolt as CEO’s pay is 95 times that of average worker | Business | The Guardian
Lloyds Banking Group is facing the prospect of a shareholder rebellion after giving its chief executive, António Horta Osório, a pay packet that is nearly 100 times larger than the average worker’s at the bank.The advisory group Institutional Shareholders Services (ISS) has recommended a vote against the bank’s remuneration report at the annual general meeting…
To Absolutely No One’s Surprise, Directors Think they Are Doing Fine in Setting CEO Pay
We are shocked, shocked, at the findings of a completely superfluous new study showing that directors think they are paying CEOs fairly because it is a really, really challenging job. Fortune 250 directors strongly agree that CEOs in their industry have “specific skills that are extremely hard to replicate,” rating this statement a 7.5 on…
Tronc pays Ferro $15 million for unfulfilled consulting work – Joe Cahill Business Blog – Crain’s Chicago Business
There are excessive executive compensation packages, and then there are outright giveaways. Put Tronc’s recent payment of $15 million to former Chairman Michael Ferro in the latter category.The publisher of the Chicago Tribune and other newspapers disclosed last week that it accelerated payment of $15 million in fees under a three-year consulting agreement with Ferro…
CEOs should disclose their real wages. The real pay gap is [even more] maddening.
This year’s first pay ratio disclosures are not entirely accurate, according to Ralph Nader and Steven Clifford in USA Today, because they omit the biggest category of CEO pay, stock and option grants. Apity reported that CEO Kevin P. Clark’s total compensation was $13,800,347. He also received $17,699,452 from exercising stock option, an amount not…
Asset managers accused of grandstanding on Persimmon pay | Portfolio Adviser
Asset managers who slammed Persimmon pay packages this AGM season have been silent when questioned over their voting record at the UK housebuilder, which enabled executive remuneration to soar.<P><P>At this year’s AGM, held in April, 48.5% of shareholder votes were cast against the pay report, which sees chief executive Jeff Fairburn receive a whopping £75m.<P><P>But…
Felix Salmon: Index funds are not to blame for excessive CEO pay.
We have heard a lot of weird and convoluted theories about excessive CEO pay, but the one Felix Salmon takes on here may be the ultimate: Who is to blame for bloated CEO pay? Your favored answer to that question will tend to reflect your prior beliefs, which is why high pay is now being…
