Search

Focuses on the compensation and wages being given to chief executive officers (CEO). Comments from Michael H. Jordan, who was recruited by Electronic Data Systems Corp., regarding the compensation package he received; Why boards of directors are changing the compensation packages awarded to CEOs; Comments from Richard L. Trumka. secretary-treasurer of the AFL-CIO, regarding companies' acceptance that excessive compensation does not sit well with shareholders; Statistics indicating CEO salaries are still rising, according to proxy statements for several major U.S. corporations analyzed by Mercer Human Resource Consulting. INSET: WHO MADE THE BIGGEST BUCKS.

Reports that several corporate boards are seeking to recover pay from ex-chief executive officers (CEO). Description of case involving the New York Stock Exchange (NYSE) and its former-CEO Dick Grasso; Amount of money being sought from Freddie Mac's former chief Leland Brendsel; View of corporate-governance experts that the boards themselves are partly to blame for previous unsuccessful efforts to recover pay given to disgraced former-CEOs; Comments from Roger W. Raber, president of the National Association of Corporate Directors, regarding directors' liabilities with respect to compensation packages; Discussion of the case involving Kmart Holding Corp.

Examines whether the New York Stock Exchange (NYSE) did not adhere to rules of corporate governance that are practiced by many companies. Amount of the compensation package given to Dick Grasso, the NYSE's chairman, that has created the controversy about the NYSE's corporate governance; Comments from Alan Johnson, managing director of pay consultants Johnson & Associates, regarding the lack of governance at the NYSE; Amount of additional compensation that Grasso is due to receive that the NYSE did not initially disclose; Role of the U.S. Securities and Exchange Commission (SEC) in investigating the compensation package given to Grasso; Influence of Grasso in assigning committee members at the NYSE.