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…
Tag: ceo pay
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…
Wanted: CEO to fight income inequality by cutting executive pay – HoustonChronicle.com
General Motors CEO Mary Barra condemns discrimination against LGBT people, while Apple CEO Tim Cook defends immigrants brought to the United States illegally as children. More and more business leaders are joining activists to address society’s most divisive issues. Where are the top executives, though, taking concrete steps to address income inequality? Who is taking…
Pay guaranteed, performance optional – How CEO pay in America got out of whack | Business | The Economist
Too often, executive compensation in the us is ridiculously out of line with performance…The deck is stacked against investors.” It was with these words that in 2006 Warren Buffett, a legendary investor and red-blooded capitalist, challenged the received wisdom in corporate America about ceo pay. This maintains that bosses deserve generous rewards because these are…
Want More Diversity? Some Experts Say Reward C.E.O.s for It – The New York Times
harles A. Tribbett III, a consultant who advises large corporations about hiring and compensation, said many executives and board members were discussing whether to link pay to diversity goals, a change he endorsed. “I believe the time is now for that discussion to be turned into action,” said Mr. Tribbett, a managing director at Russell…
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…
EA Put On Blast By Investor Group Over Huge Payments To Top Executives – GameSpot
Gaming giant Electronic Arts has been put on blast by one of its investors for the lucrative pay packages that the publisher gives to some of its highest-ranking executives. Dieter Waizenegger, the director of The CtW Investment Group, said in a notice that EA has “gone too far in terms of executive pay,” and is…
Moderna executives sell stock as coronavirus vaccine boosts company shares – The Washington Post
VEA Vice Chair Nell Minow is quoted in this Washington Post story about executive stock sales at a biotech firm working on a COVID-19 vaccine. As shares of biotech firm Moderna soared in May to record highs on news that its novel coronavirus vaccine showed promise in a clinical trial, the nation’s senior securities regulator…
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,…
