As You Sow has issued an excellent; new report evaluating the 47 companies responsible for 80 percent of carbon emissions, based on the incentive compensation based on achieving environmental goals. The companies were assessed on three indicators: One company got a B. Four got Cs. None got an A. Their findings:
Tag: compensation
Advisory Firm Slams $12M Payout to Coca-Cola GC Who Left After Diversity Dust-up | Corporate Counsel
The powerful proxy advisory firm Glass Lewis & Co. slammed the Coca-Cola Co. in a report, saying the $12 million consulting deal it hammered out with former General Counsel Bradley Gayton was so over the top that shareholders should vote against the company’s executive compensation plan.“Shareholders may reasonably question whether such outsized payments upon a voluntary…
ESG Metrics in Incentive Compensation
Pay Governance has a new report on ESG metrics in incentive compensation. The full report is below. Highlights: In 2020, 22% of survey respondent companies indicated they included ESG metrics in their incentive compensation plans; for 2021, 29% of companies reported they have incorporated ESG metrics in their incentive plans while 21% of companies indicated…
Redesigning Corporations: Incentives Matter
In the 21st century, capital is so much easier to raise that we should no longer have to sacrifice other public goods or the collective common interest in order to facilitate fund-raising. Our corporate laws should reflect this fact, but do not. With the “free” tailwind of today’s easy capital-raising, corporations have become massive in…
Pay Ratio, Proxy Disclosure and Say on Pay Data from Shareholder Value Advisors
A webinar hosted by Stephen F. O’Byrne of Shareholder Value Advisors, revealed the meaningful and material link between compensation and shareholder value, the missing metric, and what the data show: Average employee pay can provide great insight on the alignment of employee pay with management pay and shareholder value but the required analysis goes far…
You Have to Look Hard to Find Where the CEO Pay is Hidden at Hasbro: Fortunately, Rosanna Weaver at As You Sow Did
Rosanna Weaver of As You Sow reports on the hidden excesses of CEO Brian Goldner’s pay package at Hasbro. We note the members of the Hasbro compensation committee: Edward M. Philip, Kenneth A. Bronfin, Sir Crispin Davis, Lisa Gersh, Linda K. Zecher. While the reported compensation of Chairman and CEO Brian Goldner does not look…
Surprise! Comp Consultants Think CEO Pay is Just Fine
CEO compensation consultants Ira Kay, John Ellerman, and Sarah Blivens make the best arguments they can to support the current system of CEO pay in their firm’s newsletter. We believe that CEO compensation is a major competitive advantage for U.S. companies due to our own and extensive academic research, our decades of consulting with thousands…
Half of companies are reviewing their pay policies after #MeToo and Time’s Up
We hope this review is accompanied by clear and effective incentives and consequences to ensure a safe work environment with equal opportunities for women and minorities. Forty-eight percent of companies say they’re reviewing their pay policies to ensure parity between men and women in light of the #MeToo phenomenon and Hollywood’s Time’s Up movement, according…
Netflix raises executive salaries, proving that ‘performance-based’ pay always was a sham – LA Times
One of our favorite reporters, Michael Hiltzik, writes a very important story about what the new tax bill reveals about the failures of CEO “incentive” pay. The big news Friday on the executive compensation front is that Netflix is converting some of its “performance-based” pay for its top executives to straight salaries, thanks to the…
Church of England: we’ll vote to block excessive boardroom pay deals | Business | The Guardian
The Church of England, a major institutional investor, has put UK company bosses on notice that exorbitant pay deals will not be tolerated.<P><P>The Church Investors Group, which unites the Church of England and 58 related charities and organisations managing a combined £17bn, has written to the 350 biggest companies on the stock market to set…
valueedgeadvisors.com 