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News & Information
News and Information
Corporate executives are seeing their pay diminish as companies hold executives accountable for corporate missteps. Nasdaq OMX Group Inc is the latest example of this trend, disclosing in an April 11 proxy statement that it...
April 16, 2013 Another Loss for Unions: Outrageous CEO PaySource: The Fiscal Times
Income inequality tops the list for the labor union leader and confidante of President Obama. Trumka said the deficit hawks in corporate America are trying to “scare” voters and “distract attention from America’s real economic...
April 16, 2013 Canada out of step on say on paySource: Financial Post
MONTREAL – Every spring, a bespectacled little man with a silver moustache and a penchant for theatrics takes the microphone at select annual shareholder meetings in Canada and gives directors and management a multi-minute...
April 15, 2013 IAEA Reviewing Cleanup at Damaged Japan Nuke PlantSource: ABC News
The U.N.'s nuclear watchdog agency Monday began reviewing the decommissioning process at Japan's crippled nuclear plant, where new problems are triggering growing safety concerns about a cleanup expected to take decades.
April 12, 2013 Chevron CEO's pay jumps 30 percent to $32.2 millionSource: Mercury News
SAN RAMON -- Chevron's top boss, John Watson, received 30 percent more in total compensation in fiscal 2012, despite a cut in his bonus after a string of accidents for the energy giant, a regulatory filing Thursday shows. The...
April 11, 2013 Fewer No Recommendations on Say-on-Pay Votes So FarSource: Wall Street Journal
If early returns from this year’s proxy season are any indication, companies are learning how to take into account their shareholders’ concerns on executive pay.
April 11, 2013 Barclays Shareholders Advised To Oppose Compensation PlansSource: HITC.com
Bloomberg reports that shareholders should also vote against its annual report at its meeting on April 25 because the bank’s reliance on International Financial Reporting Standards may have meant it overstated profits by about...
April 10, 2013 Canadian extractive and financial firms link executive compensation to sustainability performanceSource: Reuters
Leadership matters. Ed Clark, President & CEO of TD Bank Group, one of Canada’s largest banks, has announced that he will be retiring in 2014, to be replaced by Bharat Masrani. Mr. Clark and his team negotiated the successful...
April 4, 2013 Investors Lack Full Picture on CEO Pay - text/videoSource: CNBC
There needs to be more transparency in the way companies value the compensation of their chief executives, Christie Hefner, director at the Center for American Progress, told CNBC on Wednesday.
April 3, 2013 JC Penny CEO 2012 pay package drops 97 percentSource: Huff Post
NEW YORK — The CEO of struggling department store J.C. Penney saw his 2012 compensation package plummet nearly 97 percent to about $1.9 million without a sizeable stock award he got last year and no bonuses.
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