Search

The article cites data compiled by the firm S&P Capital IQ to state that chief financial officers (CFOs) of U.S. corporations received a median pay raise of 13.9 percent during the year ending on May 29, 2015, as opposed to a median pay increase of 6.9 percent for chief executive officers (CEOs). According to the article, U.S. technology firm Google Inc. former CFO Patrick Pichette was the highest-paid U.S. CFO and U.S. firm Oracle Corp. CFO Safra Catz was second with a pay package of $37.7 million. The article presents comments from New York firm Steven Hall & Partners president Steven Hall.

The article discusses the declining popularity among corporate investors and corporate boards of directors in issuing lucrative departure agreements for chief executive officers (CEOs) that are terminated without cause. The article cites statistics from the compensation research firm Equilar to state that about 60 percent of publicly held companies in the index the Fortune 250 have agreements concerning cash severances to outgoing CEOs. The article discusses the cash severance agreements to the ousted CEOs of the firms Mattel Inc., Symantec Corp., and Chesapeake Energy Corp.

The article discusses the troubled tenure of casino company Caesars Entertainment Corp. chief executive officer (CEO) Gary Loveman. According to the article, Loveman was scheduled to step down as CEO on June 30, 2015, but stay on as chairman. The article states that Loveman culled nearly 20,000 jobs at Caesars from 2007 to the end of 2014 and was criticized for his compensation. The article also discusses the financial performance of Caesars and and employee morale during Loveman's time as CEO.

The article discusses an analysis of the compensation for 300 chief executive officers (CEOs) and the returns those CEOs delivered to shareholders conducted by the newspaper "The Wall Street Journal" and the firm the Hay Group. According to the article, the analysis showed that CEOs earned more when investors did. The article discusses the compensation of several CEOs such as communications company Viacom Inc. CEO Philippe Dauman, U.S. conglomerate General Electric Co. CEO Jeff Immelt, and communications firm Liberty Global PLC CEO Michael Fries.

The article cites a survey by the organization the Hay Group that reported that cash compensation for large business enterprise chief executive officers (CEOs) rose to a rate of 37.3 percent of total compensation in 2014. It discusses concerns among shareholders regarding the devaluation of investments and the rate of return for shareholders of large companies. It also discusses the pay for chief executives such as David Zaslav, Robert Iger, and Muhtar Kent.

The article discusses a decline in the ratio of chief executive's pay to average worker's pay at the five largest U.S. banks. Between 2006 and 2014 the ratio fell from 273 to 124. During that same period the collective pay of chief executives at Bank of America Corp., J. P. Morgan Chase & Co., Goldman Sachs Group Inc., Morgan Stanley, and Citigroup Inc. fell from $173.6 million to $92.5 million. Contributing factors include government regulation and shareholder activism.

The article discusses the 2014 pay collection of private investment banking company Blackstone Group LP Chief Executive Officer (CEO) Stephen Schwarzman. Topics include details on his role in collecting dividends, compensation, and fund payouts; details on how much his pay increased from 2013 to 2014; and details on the effect of the business's assets on its role as a large private equity firm.

The article discusses the compensation for Peter Hancock, who will succeed Robert Benmosche as chief executive officer of insurer American International Group Inc. (AIG) in September, 2014. Hancock's annual salary will be $1.6 million, with additional incentive compensation set at $10.2 million. Commentary is presented on AIG's pay practices and how the company was transformed under Benmosche's leadership.

The article discusses an executive-compensation plan at real-estate investment trust American Realty Capital Properties Inc. Under the proposal chief executive Nicholas Schorsch and other company executives will share $222.1 million over a five-year period if the company achieves certain performance goals. Shareholder-advisory firms Glass, Lewis & Co. and Institutional Shareholders Services have both advised American Realty stockholders to reject the plan.

The article examines the publication's survey of salaries for chief executive officers (CEO), focusing on its finding that executive compensation for CEOs is increasingly linked to financial performance, particularly compensation in stocks. INSET: Methodology: How Pay Survey Was Conducted.

The article discusses research by analyst Frederick Cannon at securities firm Keefe, Bruyette & Woods Inc. into compensation for U.S. bank chief executive officers. Cannon found that a bank's size rather than its share-price performance was a better indicator of pay, with chief executives earning more as their banks increase in size.

The article discusses compensation in 2013 for chief executive officers (CEO) in the U.S. based upon a survey of 50 firms by research organization the Hay Group. Median pay for the sample was $9.8 million, which represented a 4.1% increase over the previous year. Details are presented about the compensation for several CEOs including Clarence Otis Jr. of restaurant operator Darden Restaurants Inc. and Steven Temares of retailer Bed Bath & Beyond Inc.

The article discusses the compensation of chief executive officers (CEO) as of September 2013, focusing on the results of a study from the journal and the pay researcher Equilar Inc. which concerned initiatives to align CEO pay with corporate performance. Topics include grants, shareholder returns, and performance targets.

The article discusses large differences in 2012 compensation among chief executives in the same industry. Chief executive Richard Dreilling of retailer Dollar General Corp. was paid $22.5 million, while counterpart Howard Levine of rival Family Dollar Stores Inc. earned $5.2 million. The $19.8 million paid Anthony Alexander of utility FirstEnergy Corp. was more than twice the amount paid to Kevin Burke of Consolidated Edison Inc.

The article discusses a survey of 2012 compensation for chief executives at 300 large public companies in the U.S. The median sum of salary, bonuses, and prior awards of restricted stock and stock options was $10.1 million, a 3.6% increase over the prior year. Larry Ellison of software company Oracle Corp. had the richest compensation package, valued at $94.6 million.

The article discusses a trend among corporate boards in the U.S. to limit the compensation of chief executive officers for years during which their firms' shareholders experienced negative returns. Drug company Pfizer Inc. and telecommunications firm AT&T Inc. are among companies that have adopted executive pay restrictions since 2006. Irving S. Becker of consulting firm Hay Group predicts 40% of U.S. public companies could have such limits in place by the year 2015.

The article reports that James Gorman, chief executive officer and chairman of financial services company Morgan Stanley, is expected to receive a reduction in compensation for the second time since 2012. It states the decision was made due to the company's poor financial performance, efforts to reduce costs, and frustration from investors. Information is provided on Morgan Stanley's revenue under Gorman's leadership.

The article discusses trends in executive compensation for chief financial officers (CFOs) as of 2012. Topics include CFO Michael Angelakis of the telecommunications company Comcast Corp. as the highest-paid CFO of 2011 among U.S. companies, a list of the five highest pay packages for CFOs, and statistics on chief executive pay in 2011. INSET: Top 5 / CFOs with the highest pay packages.

The article discusses employee compensation packages and how to maximize the value of employee stock and options awards while minimizing the risk to the investor, and it also provides a graph on the average mix of Standard & Poor's (S&P) 500 chief executive officer (CEO) pay in 2011. It is suggested that an employee should sell any vested options when the possibility for further gains is outweighed by the risk of a financial loss.

The article cites an analysis of compensation for U.S. chief executive officers in 2011 compiled by U.S. consulting firm Hay Group. According to the study, executive compensation directly correlated with how well companies performed in the stock market. The article states that in 2010 there was no such correlation. The article presents comments from U.S. corporate-governance research firm GMI Ratings senior research associate Paul Hodgson.

The article discusses executive compensation for chief executive officers (CEOs) of U.S. companies in 2011. The article cites data compiled for the newspaper on executive compensation by U.S. research firm Hay Group to state that executive pay generally correlated to the stock performance of a company. The article examines such relationships in the compensation of Oneok Inc. CEO John Gibson, Western Refining CEO Jeff Stevens, and Dean Foods CEO Gregg Engles.

The article reports that Andrew Moss resigned as Chief Executive Officer (CEO) of the British insurance company Aviva PLC after stockholders rejected the company's proposal for Moss' executive compensation at the 2012 annual meeting. It is noted that Moss is the third CEO of a large British public corporation to resign in May 2012 after stockholders objected to compensation proposals.

The article discusses a study that found compensation for chief executive officers at U.S. companies during 2011 in many instances was not commensurate with sizable gains in revenues and net income. Chief executive Mark Parker of apparel-maker Nike Inc. saw his pay fall 5.8%, although Nike's profits rose 12%. In some cases the discrepancy was due to a failure of companies to have met specific goals.

The article reports that current chairman and chief executive William Weldon of drug company Johnson & Johnson will begin receiving benefits and deferred compensation valued at over $143 million once he leaves the company. Of that figure, $48.4 million represents accrued pension benefits. A company spokesman said Weldon earned his benefits during a long career with Johnson & Johnson, which began in 1971.

The article examines executive compensation at U.S. automobile industry firms. A disparity is considered in which Chief Executive Officer (CEO) Alan Mulally and other executives of Ford Motor Co. received bonuses in February, 2012 which made their earnings for 2011 much higher than those of their counterparts at General Motors Co. and Chrysler Group LLC which received government bailout funds during their 2009 bankruptcies.

The article reports that Eugene Isenberg, former Chief Executive Officer (CEO) of Nabors Industries Ltd., has agreed to waive a $100 million termination payment owed him by the firm due to his replacement as CEO by Anthony Petrello and subsequent election as Chairman of the Board of directors. A civil complaint filed against the payment by institutional stockholder the Erie County, Pennsylvania public employee pension plan is discussed.

The article reports that the investment bank Goldman Sachs Group Inc. reduced the bonus in restricted stock it awarded to Chief Executive Officer (CEO) Lloyd Blankfein. Blankfein was awarded stock worth $7 million for 2011, compared to $12.6 million in 2010. The reduced bonus is considered as an indication of the difficult finances of the financial services industry in 2011.

The article considers executive compensation for chief executive officers (CEO) of large banking industry and securities industry firms. A lack of increase the in the 2011 bonus paid in stock to James Dimon, CEO of J.P. Morgan Chase & Co. and a decline in that bonus given to James Gorman, CEO of Morgan Stanley, are used as examples of a trend in which total executive compensation for CEOs in those industries is expected to decline for 2011.

The article discusses settlement of a shareholder action filed against energy company Chesapeake Energy Co. over the $112 million compensation package Chesapeake paid its founder and chief executive. Aubrey McClendon, in 2008. McClendon will have to repurchase from Chesapeake a collection of historic maps he sold the firm for $12.1 million that year. Michael Passoff of investor advisory firm Proxy Impact said shareholders would get little from the settlement.

The article looks at so-called golden parachute exit packages given to chief executive officers (CEOs) at several companies due to pending company acquisitions. CEOs Eugene Isenberg of Nabors Industries Ltd., Sanjay Jha of Motorola Mobility Holdings Inc., and James Ousley of Saavis Inc. are mentioned as potentially receiving large severance packages following mergers. Shareholders' and the public's disdain for the system is noted.

The article discusses Dennis Kozlowski, former chief executive of conglomerate Tyco International Ltd. who is serving a jail term after being convicted in 2005 of looting Tyco. He believes the sentence he received was overly harsh, and expresses support for those who are angry over large pay packages received by financial-services executives whose banks received bailout money from the U.S. government.

The article discusses results of the publication's survey of chief-executive compensation at 350 large U.S. companies in 2010. The median value of total compensation for chief executive officers (CEOs) was $9.3 million, 11% more than in 2009. Philippe P. Dauman of media firm Viacom Inc. was the best-paid CEO with a total pay package of $84.3 million.

The article discusses bonuses paid to U.S. corporate chief executive officers (CEOs) in 2010. At 50 large firms surveyed CEO bonuses increased an average of 30.5%. Chief executive Robert A. Iger of entertainment firm Walt Disney Co. received a $13.5 million payout. Criteria used by firms to determine bonuses included net income, cash flow, and return on equity.

The article discusses the publication's survey of pay for chief executives at the 456 largest U.S. public companies as of November 2010. Gregory B. Maffei of media firm Liberty Media Corp. had the biggest total pay package for the most recently-completed fiscal year, totaling $87.1 million. The median annual bonus was $1.67 million, 11% higher than for the previous year.

The article presents analysis of the publication's list of the highest-paid chief executive officers between 2000 and 2009. Larry Ellison of software company Oracle Corp. ranked first with a total compensation of $1.84 billion. Behind him were Barry Diller of media firm IAC/Interactive at $1.14 billion, and Ray Irani of oil company Occidental Petroleum Corp. at $857 million.

The article reports that Robert Kelly of Bank of New York Mellon Corp. has emerged as the leading candidate to succeed Ken Lewis as chief executive officer at Bank of America Corp. Kelly and the bank's board of directors are said to be negotiating over pay, with the bank reluctant to commit to a figure that might provoke public criticism.

The article reports that Robert Benmosche, Chief Executive Officer (CEO) of the insurance company American International Group Inc. (AIG) told employees he remained committed to remaining with the firm. There had been reports that Benmosche was considering resigning his position due to frustrations with U.S. limits on executive salaries placed on the company as part of its government bailout.

The article discusses results of a survey conducted by the publication on compensation for chief executives at 200 large U.S. companies during 2008. Although the median bonus award was down almost 11%, the median salary increased 4.5%. The top pay package went to co-chief executive Sanjay K. Jha of Motorola Inc., whose compensation including stock grants totaled $104 million.

The article reports that the U.S. House of Representatives voted in November 2015 to pass a bill that would impose restrictions on the pay of the chief executives of government-controlled financial services companies Fannie Mae and Freddie Mac.

The article reports that wages and salary package of Andrew Mackenzie, chief executive officer (CEO) at Anglo-Australian multinational mining and petroleum company BHP Billiton Ltd. has been slumping commodity prices of the company as of September 2015.

The article reports on the move by consumer-goods company Procter & Gamble Co. to reduce the bonus of chief executive A. G. Lafley after failing to meet its sales and profit growth targets.

Several letters to the editor are presented in response to articles in previous issues including "A Misbegotten Political Jab at CEO Pay," by Thaya Knight in the August 11, 2015 issue, "The Doctor Bill From Identity Thieves" in the August 8, 2015 issue, and "The U.S. Digs Itself Into a Hole on Vital Minerals" in the August 4, 2015 issue.

The author comments on the rule issued by the U.S. Securities and Exchange Commission (SEC) mandating public companies to disclose the ratio of chief executive officer (CEO) pay to that of the company's median employee.

The article discusses concerns over the U.S. Securities and Exchange Commission's (SEC) approval of the pay-ratio measure of the U.S. Dodd-Frank Act, which requires companies to disclose the pay gap between chief executive officers and rank-and-file workers.

The author argues that the U.S. Securities and Exchange Commission's (SEC) vote on August 5, 2015 to require public companies to disclose the ratio of chief executive officers' (CEO) pay to that of median workers is a political tactic aimed at pleasing legislators such as Senator Elizabeth Warren.

The article reports that U.S. corporate boards of directors are increasingly becoming more aggressive in managing salaries of their Chief Executive Officers (CEO). Pressed by activist stockholders and government regulators, boards are cutting CEOs' ability to set their own compensation levels and evaluating management performance more stringently.

This article discusses the dismissal of Dick Grasso from his position as the chief executive of the New York Stock Exchange. Grasso was dismissed from the position in 2003, but has remained in the public spotlight three years later due to a $187.5 million compensation package that he had received. A civil trial to discuss the appropriateness of Grasso's compensation package will begin in 2006.

The article focuses on Gary Rodkin, chief executive officer of ConAgra Foods Inc., who is attempting to turn around the Nebraska company while commuting from Connecticut. ConAgra's board is allowing Rodkin to travel each week between ConAgra and his home in Connecticut. The company pays for the corporate jet that takes him each way and covers the cost of an apartment near ConAgra. Rodkin is also receiving $2.28 million annually from PepsiCo in New York under an exit agreement. His salary at ConAgra is $1 million and he is guaranteed a bonus of $2 million in his first year.

The article reports on the value of the stake CEO's and other executives hold in the companies they run. James Cayne, Chairman and Chief executive of Bear Stearns Cos., owns stock and options worth about $1.02 billion. Other executives with large stake holdings include Henry Paulson, CEO of Goldman Sachs Group Inc., Richard Fuld, CEO of Lehman Brothers Holdings Inc. and Sanford Weill, former CEO of Citigroup Inc.

The article discusses Verizon Communications Inc. and its payment of executives, specifically chief executive officer Ivan Seidenberg. In 2005 Verizon offered Seidenberg a stock incentive package which would have increased his compensation by 50% compared to 2004. However, parts of that package have been canceled due to concerns regarding stockholders' reactions considering Verizon's falling stock price in the last year.