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- AIG's Sullivan: New Poster Boy for Excessive Pay
- AIG's Sullivan: New Poster Boy for Excessive PayUnfortunate mischaracterizationsSullivan's actual "severance" is some fraction of the reported numbers. Per this news story (http://news.yahoo.com/s/afp/20080617/ts_alt_afp/uscompanyinsuranceaigfinanceexecutive_080617220255):"According to the Corporate Library, the package for Sullivan would include 26.6 million dollars in cash bonuses, 21.9 million in stock awards and 14 million dollars in a...
- Discussion threads 2008-06-19
Additional Resources
- US officials takes aim at executive pay
- By Mark Felsenthal and Karey Wutkowski of Reuters WASHINGTON - US officials have taken aim at generous executive pay packages, saying it was offensive that firms receiving substantial taxpayer aid paid their officers and other top employees so lavishly. The Federal Reserve issued guidelines to rein in the compensation of...
- News items 2009-10-22
- AIG's Sullivan: New Poster Boy for Excessive Pay
- Meet the new poster boy for excessive CEO pay. He is ousted American International Group CEO Martin Sullivan. Sullivan was kicked out of office this week after shareholders and investors complained that the insurance and financial giant posted two quarters of gigantic losses. According to figures from...
- Blog posts 2008-06-19
- Boardroom Pay: Heads You Win, Tails You Win
- New statistics on boardroom rewards shows the only concession to recession is to turn bonuses into basic pay. When business is good, company directors increase their pay to share in the returns. When business is tough they think they deserve a rise in remuneration to compensate for...
- Blog posts 2009-10-26
- Four Steps to High Integrity Pay
- The apparent lack of correlation between pay and performance has rarely been as stark as it is today. European political figures have weighed in, proposing radical measures that will discourage "hypercapitalism", says the FT. In the Netherlands, the finance minister has even put forward legislation aimed at capping ‘golden parachutes’....
- Blog posts 2008-06-09
- London Shareholders Irked by Executive Pay at Reckitt Benckiser.
- Daily Mail, London Knight Ridder/Tribune Business News May 14--Big City shareholders took a dim view of excessive pay at Harpic group Reckitt Benckiser. More than 21 percent voted against or abstained. Chief executive Bart Becht's salary is UKpound 950,000, but ...
- Research articles 2004-05-14
- Cuomo's Findings on Banker Pay Are No Smoking Gun
- New York Attorney General Andrew Cuomo says he's got the smoking data proving that bankers' comp is out of whack. In a nutshell, he concludes: "When the banks did well, their employees were paid well. When the banks did poorly, their employees were paid well. And when the banks did...
- Blog posts 2009-07-31
- How Insurers Pay Their Top Executives
- Executive compensation may have generated more media attention, governmental scrutiny and shareholder activism over the last two years than at any time during the past. Although few complaints were heard about excessive pay when the stock market was rising, some critics are now singling out executive compensation as the major...
- White papers 2003-03-01
- Pacific Bell & Consumer Action warn of excessive pay phone rates on collect calls from Mexico; consumers unknowingly charged as much as $32 for a one-minute call
- SAN FRANCISCO--BUSINESS WIRE--Feb. 4, 1997--Pacific Bell and Consumer Action are warning consumers accepting "collect calls" from pay phones in Mexico that they could be hit with steep unanticipated charges.
- Research articles 1997-02-04
- Critics question Ward Connerly's pay package
- LANSING, MICH. Critics of a planned 2006 ballot initiative that would ban affirmative action in government hiring and college admissions in Michigan are questioning whether the petition drive's leader violated tax regulations. Documents filed with the Internal Revenue Service IRS show Ward Connerly as paid more than $1...
- Research articles 2004-12-16
- Editorial | Executive Compensation More disclosure on pay and perks
- Are the buccaneers in America's corporate boardrooms capable of being embarrassed by their excessive pay and perks? That's an underlying - if unstated - premise of a Securities and Exchange Commission proposal on executive compensation. The measure up for SEC approval next week would force corporations to shed...
- Research articles 2006-01-14
- Shareholders Must Put an End to Decoupled Pay-for-Performance
- Over the past 2 weeks, I’ve criticized Yahoo!’s YHOO Carol Bartz and HP’s HPQ Mark Hurd for excessive pay and perks, given their companies’ recent performance. It’s been interesting to read the many emails I’ve received on the articles – mostly from employees of both companies. ...
- External links 2009-09-27
- Executive Comp Rules Will Be Narrow, Pay Czar Suggested
- At a 1:30 press briefing today, Kenneth Feinberg, the Treasury Department "pay czar" charged with setting compensation levels at companies bailed out by the federal government, is expected to lay out the Obama's new pay requirements for those companies. While the orders will reportedly cut the compensation of 175 executives...
- News items 2009-10-22
- Why Pay More to Execs Who Fail? | BTalk Australia
- (13min 23) Around the world executive pay has become a contentious issue this year. It’s difficult to accept a high CEO salary from a bank that’s being bailed out with public money. It’s even harder to see a sizeable bonus being given to the head of a company that hasn’t...
- Blog posts 2008-12-04
- Why 'say on pay' won't work
- NEW YORK Fortune -- Waiting for investors to slam the breaks on runaway executive pay? Don't hold your breath. Although Congress may give shareholders more of a say on pay soon, big money managers seem content to keep their mouths shut. Senate Banking Committee Chairman Chris Dodd, D.-Conn., unveiled a...
- News items 2009-11-17
- Excessive salaries of tax exempt group insiders.
- Guidance for exempt groups having to prove pay is NOT excessive. A new law lets IRS impose penalties on insiders paid excessive salaries... officers, trustees and relatives. Fines range from 25% to 200% of excess. Idea is to combat abuses that don't warrant revoking group's...
- Research articles 1996-08-23
- Richard Posner: Scourge of Excessive Mutual-Fund Fees
- Mutual fund investors may have a new hero. His name is Judge Richard Posner, and largely because of him, the Supreme Court will examine how mutual funds set their fees. This past summer, Posner wrote a strong dissent in the Jones v. Harris Associates case, roundly criticizing...
- Blog posts 2009-04-06
- Supreme Court Hears Oral Argument in Excessive Mutual Fund Fees Case
- « Value Line Settles SEC Charges of Bogus Brokerage Commissions | Main The U.S. Supreme Court heard oral argument Monday in Jones v. Harris Associates, a case that could impact the amount of managerial fees that millions of mutual fund investors pay fund advisers. The Court must decide what standard...
- News items 2009-11-05
- Even After Lawsuits, CEO Pay Isn't Usually Cut
- Conventional wisdom might have it that when a CEO really screws up and shareholders sue, there's hell to pay later for the CEO's compensation. Well, maybe not, according to a new study by The Corporate Library. Following a study of 54 firms that were the targets of...
- Blog posts 2008-08-20
- Government Should Regulate Executive Pay
- Harvard economist and law professor Lucian Bebchuk weighs in with an op-ed supporting executive compensation controls now under consideration by Congress. This question is too important to be left up to companies themselves, he writes in the Financial Times. "Regulation of pay in financial institutions is...
- Blog posts 2009-08-04
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