Executive Pay

  • CEOs, Executive Pay

    Caption Contest Monday: “Don’t Be Fooled By The Crackers Up Here, This Is All About Keeping The Black/Orange Man Down”

    Best entry wins one of the free SAC sandwiches. A Brighter Spotlight, Yet the Pay Rises [NYT]

    / Apr 7, 2008 at 2:23 PM
  • CEOs, Executive Pay, Executive Retirement

    When Losing Money Is A Crime…CEOs Will Be Paid Even More

    Let’s take a bit of a breather from the news about John Thain and Merrill Lynch. (We’ll come back to that momentarily, no doubt.) In all the excitement, we almost overlooked an important column by the Wall Street Journal’s Holman Jenkins. In today’s Journal, Jenkins urges some sobriety in the face of losses at Wall […]

    / Nov 14, 2007 at 4:23 PM
  • Executive Pay

    Sometimes you don’t need the skills to pay the bills

    A new study by the Corporate Library lists the 12 worst examples of CEO “pay for failure,” meaning executives with the greatest discrepancy between personal salary and company performance. The criteria for eligibility was lower total shareholder returns and slumping performance relative to industry peers over a five year period. The companies on the list […]

    / May 8, 2007 at 1:45 PM
  • Executive Pay

    No Say on Whitacre’s Pay

    Add Ed Whitacre, Chairman and CEO of AT&T, to the list of CEOs enrolled in the Lee Raymond Skydiving Institute (motto: It is the size of your golden parachute that matters, not what you do with it). Whitacre has a nice $158mm parachute packed up, on top of his total compensation last year – a […]

    / Apr 27, 2007 at 12:40 PM
  • Executive Pay

    Say What On Pay?

    The House of Representatives approved Barney Frank’s “Say on Pay” bill this afternoon. The bill would give public-company shareholders annual non-binding votes on executive salaries. The supporters of the bill make no bones about viewing it as a way to stem the rise in executive pay. Opponents point out that ordinary shareholders will often lack […]

    / Apr 20, 2007 at 4:07 PM
  • Executive Pay

    Nuns on the run…ning of Coca-Cola

    In other “say on pay” news, the sisters of St. Scholastica Monastery are back in the habit this proxy season. Sister Susan Mika is director of corporate responsibility of the St. Scholastica Monastery near San Antonio. Yes, monasteries have directors of corporate responsibility. The nuns are having an active proxy season this year (you read […]

    / Apr 20, 2007 at 3:36 PM
  • CEO, Executive Pay, Executive Retirement

    The Great New York Times War Against Executive Compensation

    Sunday was a banner day for executive compensation. Make that a banner headline day. The business section of the Sunday New York Times was largely devoted to articles decryingreporting on executive compensation, including reporter Eric Dash’s long, splashy article on executive exit compensation. Now they’ve assembled an online version of the special section with over […]

    / Apr 9, 2007 at 10:37 AM
  • CEO, CEOs, Executive Pay

    Why Wall Street Chief Executives All Get Paid The Same Thing (Maybe)

    Earlier today we mentioned Graef Crystal’s column speculating about why the pay packages of Wall Street’s chief executives were so similar despite notable differences in the size of the institutions they manage. Crystal’s question is fair, especially since CEO pay largely tracks that of the firms they manage. Why should this pattern break down on […]

    / Apr 4, 2007 at 4:33 PM
  • CEO, CEOs, Executive Pay

    What Are They Smoking? The Wall Street Executive Pay Problem

    The pay packages for Wall Street’s highest executives is coming under a new sort of scrutiny. This time what seems to have attracted attention is not so much the huge amounts of money the chief executives received by chief executives of investments banks—but the strange similarity in the pay packages. We noticed this a couple […]

    / Apr 4, 2007 at 10:36 AM
  • CEO, CEOs, Executive Pay

    As It Turns Out, You Get What You Pay For

    Even when it comes the chief executives. From today’s Wall Street Journal editorial page: Watson Wyatt Worldwide has been tracking trends in executive pay for years. What it has found is that a CEO’s pay tracks a company’s three-year performance pretty closely. Thus, a company that offered its CEO a pay package in the middle […]

    / Mar 21, 2007 at 2:58 PM
  • Banks, Bear Stearns, bonuses, CEO, CEOs, Compensation, Executive Pay, Goldman Sachs

    Bear Stearns Bonus Pool: Banking In The Shallow End

    Is it too early to start talking about bonuses for 2007? Bear Stearns doesn’t think so. It has already set up a bonus pool for its top executives, according to a recent SEC filing. From Reuters: A maximum bonus pool of $165 million has been established for a group of five senior executives that includes […]

    / Feb 22, 2007 at 9:05 AM
  • Back Dating, Business Hacks, Business Media, Executive Pay, Wall Street Journal

    Wall Street Journal Reporters Still Getting Backdating Wrong

    That Wall Street Journal story we mentioned earlier opens with this tantalizing lede. Too bad it is so misleading. On Jan. 4, 2002, the chief financial officer of Broadcom Corp. tapped out an email about stock options to his chief executive and others. “I VERY strongly recommend that these options be priced as of December […]

    / Feb 20, 2007 at 2:31 PM
  • Executive Pay, Executive Retirement, Home Depot

    Write-Offs: 01.19.07

    $$$“If you’re DISTURBED ENOUGH to go out with me, I’ll take ya.” — Well to do banker type. [Craigslist] $$$“The Apprentice: What I Learned from Episode Two,” by Trump employee, Paul C. Quintal [Trump University] $$$A Hot New Way To Price Options. Settle down, Jobs, you don’t want to pull a muscle. [Forbes] $$$Relive it […]

    / Jan 19, 2007 at 4:57 PM
  • CEO, Executive Pay

    Those Overpaid, Crooked CEOs

    Everyone knows that chief executives at public companies are overpaid by the corporate boards they keep in their hip pockets. Afterall, the Pulitzer Prize winning New York Times business writer Gretchen Morgenson tells them so every chance she gets. In fact, they are so overpaid that a lot of them are fleeing to privately held […]

    / Jan 12, 2007 at 3:48 PM
  • Bob Nardelli, Executive Pay, Home Depot

    The Nardelli Defenses Keep Coming

    While it seems almost no-one is willing to defend ex-Home Depot CEO Bob Nardelli’s pay package, the criticisms of the pay package and his performance as CEO have certainly excited the business end of the internet. The latest is from Ken Lacroix, the D&O Diarist: One question that needs to be asked is how much […]

    / Jan 10, 2007 at 9:28 AM
  • Executive Pay, Home Depot

    Bob Nardelli: Doing the Math

    We’re not going to beat you over the head with defenses of gigantic CEO pay packages. Okay, we probably are. But not right now. We’ve done enough of it in the last couple of days. And we’re pretty sure you get the point by now that the populist outrage of CEO pay at public companies—combined […]

    / Jan 9, 2007 at 2:40 PM
  • Executive Pay, Private Equity

    Henry Silverman: The End of Public Markets?

    We like to poke fun at the Times business section around here. Gret-gret and Stein don the clownsuits often enough that it sometimes feels too easy. So it was a nice relief to see Andrew Ross Sorkin and Eric Dash addressing the debate about executive pay without the hysterics of his colleagues. The Sorkin-Dash team […]

    / Jan 8, 2007 at 3:14 PM
  • Executive Pay, Executive Retirement, Home Depot

    All Nardelli, All The Time

    While Gret-Gret more or less blew a gasket over Bob Nardelli‘s exit from Home Depot–she describes it as a “watershed,” a “warning shot,” a “defenestration,” as an end to “arrogance”–slightly more sober reflection on the meaning of it all is going on across the interwebs. Ted Frank at PointofLaw.com points out that when Nardelli took […]

    / Jan 4, 2007 at 4:45 PM

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