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September 4, 2008 11:29:03 PM CDT

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Stories related to: executive compensation

Stories

14 Stories

  • August 2008

    • Firms Gamble Pensions to Fund Exec Perks

      Wall Street Journal  |  Aug 4, 08 9:18 AM CDT

      Firms Gamble Pensions to Fund Exec Perks

      (Newser) - Companies from CenturyTel to Intel are funneling pension benefits to retired executives at the expense of workers, using a practice that potentially violates tax rules and puts pension plans at risk, reports the Wall Street Journal . Hundreds of millions of dollars in long-term benefits pegged for executives are draining plans at the expense of the rank and file. More »

      Tags

      Intel  • IRS  • executive compensation  • pensions  • Internal Revenue Service  • retirement benefits

  • July 2008

    • Former NYSE Chief Wins Fight for $187M Pay

      Wall Street Journal  |  Jul 2, 08 5:45 AM CDT

      Former NYSE Chief Wins Fight for $187M Pay

      (Newser) - The former chairman of the New York Stock Exchange has won an ugly 4-year battle to retain a mammoth $187.5 million compensation package.  A New York appeals court  dismissed an action initiated by then-Attorney General Eliot Spitzer challenging the payout for Dick Grasso as excessive, the Wall Street Journal reports. Grasso was ousted in 2003 after details of his pay package surfaced, sparking a nasty confrontation between Spitzer and Grasso, as well as the NYSE directors who approved the deal. More »

      Tags

      Eliot Spitzer  • New York Stock Exchange  • appeal  • executive compensation  • Dick Grasso

  • June 2008

    • CEOs Live the Good Afterlife

      Wall Street Journal  |  Jun 10, 08 9:23 AM CDT

      CEOs Live the Good Afterlife

      (Newser) - Corporate critics who say there is not enough connection between performance and executive pay may be gravely concerned to learn that many execs will keep getting sky-high bonuses when they're 6 feet under. A Wall Street Journal review finds dozens of CEOs will receive "golden coffin" payments if they die in office, sometimes in excess of $100 million. More »

      Tags

      death  • corporate earnings  • CEO  • executive compensation  • corporations  • executives  • payoffs

  • April 2008

    • Shareholder Revolt Strips WaMu Execs of Fat Pay

      Wall Street Journal  |  Apr 16, 08 1:19 PM CDT

      Shareholder Revolt Strips WaMu Execs of Fat Pay

      (Newser) - Washington Mutual shareholders got some of the blood they were out for yesterday, the Wall Street Journal reports, as the company backtracked on a pay scheme that would have shielded company executives from the subprime fallout. Board finance-committee head Mary Pugh also resigned, appeasing investors who blamed her for failing to prevent WaMu’s mortgage-related losses. More »

      Tags

      housing market  • subprime crisis  • shareholders  • executive compensation  • Washington Mutual  • bonuses

    • Paydays That Make Even Wall Streeters Blush

      New York Times  |  Apr 16, 08 11:16 AM CDT

      Paydays That Make Even Wall Streeters Blush

      (Newser) - Some Wall Street hedge-fund managers earned billions betting against the market last year, with the top of the class, John Paulson, shaking loose $3.7 billion, the New York Times reports. With the US median family income at $60,500, the booty embarrassed even some of his Wall Street peers. “It’s not illegal,” said Pimco's CIO. “But it’s ugly." More »

      Tags

      subprime mortgages  • Wall Street  • hedge fund  • executive compensation  • George Soros  • John Paulson  • James Simons

    • Obama Says McCain All Talk on CEO Pay

      Talking Points Memo  |  Apr 11, 08 4:28 PM CDT

      Obama Says McCain All Talk on CEO Pay

      (Newser) - Barack Obama grilled John McCain on CEO compensation today and continued laying into the public financing system for campaigns. He railed against execs who “make more in one day than their workers make in one year” and called for legislation requiring corporations to let shareholders set pay. He said McCain has “opted for continuing the do-nothing approach of the Bush years” on the issue, reports Talking Points Memo. More »

      Tags

      Barack Obama  • John McCain  • campaign finance  • CEO  • executive compensation  • public financing

  • March 2008
  • January 2008

    • SEC Delves Deeper Into Execs' Pay

      Wall Street Journal  |  Jan 29, 08 3:28 PM CST

      SEC Delves Deeper Into Execs' Pay

      (Newser) - The SEC wants companies to tell shareholders how they measure an executive’s performance when calculating pay, but companies are balking, reports the Wall Street Journal. Their reticence has prompted the commission to send out a second wave of letters to some of the 350 companies it originally queried after receiving somewhat vague answers. More »

      Tags

      SEC  • earnings reports  • executive compensation  • share price  • Bristol Myers Squibb

  • October 2007
  • June 2007

    • Investors Clash With Yahoo CEO

      San Francisco Chronicle  |  Jun 13, 07 10:34 AM CDT

      Investors Clash With Yahoo CEO

      (Newser) - Investors railed yesterday against Yahoo Inc.'s management team in an unusually rowdy session of the search engine's annual shareholders' meeting. Angry investors interrogated CEO Terry Semel over his $107.5M paycheck and the company's slumping stock price, which fell 9% in the last year. A third of shareholders mutinied in protest, voting against the company's otherwise uncontroversial proposed slate of directors. More »

      Tags

      China  • Internet  • stock market  • Yahoo  • stocks  • human rights  • censorship  • search engine  • shareholders  • executive compensation  • Terry Semel

  • May 2007

    • Top Executive Salaries Soar

      New York Times  |  May 25, 07 8:00 AM CDT

      Top Executive Salaries Soar

      (Newser) - The top bananas of the corporate world are taking in more income in relation to their immediate subordinates than ever before, the Times reports. Wealth is concentrating among the business elite but staying somewhat stagnant among more middling execs—the average gap between #1 and #3 has more than tripled over the last 30 years. More »

      Tags

      US economy  • money  • economics  • wealth  • CEO  • income  • wages  • executive compensation

  • April 2007

    • Stocks Swing on CEO House Size

      San Jose Mercury News  |  Apr 13, 07 1:55 PM CDT

      Stocks Swing on CEO House Size

      (Newser) - Don't buy stock in a company whose CEO lives in a huge house, a new study says.  CEOs who move into regular-sized digs —5,600 square feet for the typical company head — see their company's stock jump an average 6% the following year. Those who go palatial — 10,000 square feet or more — watch stocks dip by an average of 1.7%. More »

      Tags

      stock market  • business  • stocks  • finance  • investing  • shares  • executive compensation

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