Skip to: Content
Skip to: Site Navigation
Skip to: Search
MONDAY, NOVEMBER 23, 2009
| Subscribe to Newser's RSS feeds RSS | Follow Newser on Twitter Twitter


6

Exec Pensions Soared as Stocks Tanked

Multi-million-dollar payouts escape pay watchdog scrutiny

Share

(Newser) – Steep increases in the pensions of top execs passed largely unnoticed amid the recent uproar about pay and bonuses. The average pension for a top executive rose 19% last year even as share prices fell by an average of 37%. More than 200 execs saw pensions boosted by over 50% by firms using little-scrutinized compensation techniques, finds a Wall Street Journal analysis of 340 firms.

Executive retirement plans have been largely overlooked by regulators probing compensation, a Wall Street Journal analysis finds.
Executive retirement plans have been largely overlooked by regulators probing compensation, a Wall Street Journal analysis finds.   (Shutter Stock)
« Prev« Prev | Next »Next » Slideshow
OFF THE GRID
11.20.09
The Health-Care Wars Have Just Begun
11.19.09
Sarah Palin Deserves Some More Attention
6 comments
VIEWING:
 
Ucantusethatname
Nov 3, 09 5:21 AM CST
The American public screwed again. Nothing new in this report. Reply
Vote up! Vote down!
+1
Doctor_Zaius
Nov 3, 09 6:14 AM CST
When will people realize that we don't have a free market, we have a de facto monopoly of a small number of large corporations that are in collusion to strip us of our last dime. The bogeyman of the 21st century is the giant faceless multinational mega-corporation. Reply
Vote up! Vote down!
+6
IN RESPONSE:
odowd80
Nov 3, 09 7:06 AM CST
But, Dr. Z, the "best and the brightest" don't work for less than $100 million/year! What ever will we do if executive salaries are decreased?! We'll be doomed!
Vote up! Vote down!
+4
Thinker
Nov 3, 09 7:19 AM CST
And, Dr. Z, this is free "Capitalism," the best economic system ever, endorsed by the founding fathers and Jesus Christ himself! If we peons just worked harder, were born into rich families and lacked a conscience, we'd be on top, too! Keep your regulations away, and let us do our "jobs." Reply
Vote up! Vote down!
+3
thejoint00
Nov 3, 09 12:05 PM CST
this is a no brainer. every one knows that failure is sure to follow as soon as the top starts taking more than thier fair share. I just don't understand why any one, Government or otherwise, would think it's ok to give billions amount of dollars to these companies that clearly have such dumpy bussiness models. Reply
Vote up! Vote down!
0

View all 6 comments »

LEAVE A
COMMENT Comment Policy
Facebook ConnectPost this comment to Facebook?

After connecting you will have the option to post your comment on your Facebook profile.

 

Related Newser Stories

45 Stories

 Goldman Bonuses 
 Irk Investors, Too 

Shareholders question need for $20B in bonuses

Nov 20, 09 7:35 AM CST
(Newser) - With Goldman Sachs on course to hand out the highest bonuses in its history, it's not only furious populists who are complaining; investors, too, are getting into the act. Major shareholders, who have stayed out of the executive compensation controversy until now, are calling for the bank to cut back... More »

MORE ABOUT:
Wall Street • executive compensation • Goldman Sachs • shareholders • executive bonuses • Goldman bonuses

$250K APIECE

Bonuses at Morgan Stanley, JPMorgan, Goldman Hit $30B

Average payout will be five times median household income in US

Nov 9, 09 4:55 AM CST
(Newser) - Recession? What recession? Some Wall Street firms are not feeling any pain this year as record bonuses at just three of the top firms are likely to hit an eye-popping $30 billion. Goldman Sachs, Morgan Stanley and JPMorgan Chase, the three biggest banks to be bailed out by the feds,... More »

MORE ABOUT:
executive compensation • Goldman Sachs • Morgan Stanley • bonuses • compensation • Federal government • bailout • JPMorgan Chase • executives • Wall Street bailout • TARP

Wall Street Bonuses to Jump 40%

Expect political storm
as recovery juices incentive pay

Nov 5, 09 7:54 AM CST
(Newser) - The good times are back for much of Wall Street, with overall incentive pay set to jump 40% according to one key survey being released today. In businesses rebounding especially well, like fixed income and equities, the boost will likely be around 60%. That won’t quite bring them back... More »

MORE ABOUT:
Wall Street • executive compensation • bonuses • executive bonuses

45 Stories


Business 
TwitterFollow @NewserBusiness on Twitter

 
executive compensation • pensions • retirement • compensation • executives • executive bonuses

from our news partners