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News & Information
News and Information
February 25, 2013 CEO take-home pay rockets as economy reboundsSource: AJC.com
Over the next three months leading up to their annual shareholder meetings, about two dozen of Georgia’s big public companies will once again disclose eye-popping pay packages for 2012 that — in the case of Coca-Cola CEO Muhtar...
February 22, 2013 Citigroup bows to shareholder pressure, overhauls paySource: Reuters
Citigroup Inc (C.N) said on Thursday it has overhauled an executive pay plan that shareholders rejected last year as overly generous, revising it to tie bonus payments more closely to stock performance and profitability.
February 19, 2013 Novartis Scraps Non-Compete Payment to Departing ChairmanSource: NY Times
LONDON — Novartis, one of Switzerland’s biggest drug makers, said Tuesday it scrapped a planned $78 million payment to its departing chairman because of pressure from shareholders and lawmakers.
February 14, 2013 Fat-Cat Pay Makes Swiss So Mad Wages Face National VoteSource: Bloomberg
Swiss company chief executive officers, including Roche Holding AG’s Severin Schwan and Nestle SA’s Paul Bulcke, earn some of the world’s highest salaries. That may soon change.
February 13, 2013 Canadian Coalition for Good Governance releases 2013 Executive Compensation PrinciplesSource: Association of Corporate Counsel
The Canadian Coalition for Good Governance (“CCGG”) recently released its 2013 Executive Compensation Principles (the “2013 Principles”), replacing the previous version originally published in 2009. The original principles were...
February 12, 2013 High CEO Pay Relies On 'Self-Serving Myth': ReportSource: Huff Post
A new report undermines a common rationale for paying chief executives huge sums. The notion that CEOs will jump ship lured by the offer of better pay in another country is a "self-serving...myth," concludes research published...
February 7, 2013 Study: Firms that purport to value shareholders pay CEOs moreSource: EurekAlert
CHAMPAIGN, Ill. — Ever wonder why CEOs at poorly performing companies continue to receive exorbitant pay packages? According to a study from a University of Illinois labor professor, firms that trumpet how much they value...
February 6, 2013 German-Listed Companies Should Cap Executive Pay: PanelSource: Bloomberg
German-listed companies should limit pay and bonuses for top executives, according to a panel set up by the government in 2001 to promote transparency for investors.
February 5, 2013 Moody’s Warns Jefferies on ‘Excessive’ Executive PaySource: NY Times
The $78 million compensation package that the Jefferies Group doled out to its top executives raised more than a few eyebrows — including those at Moody’s Investors Service.
February 5, 2013 Putting Real Teeth and Claws Into Corporate GovernanceSource: The Motley Fool
There's a little more accountability in the business world now that executive pay cuts are becoming more fashionable, but we're still in the "cosmetic" phase that hints at real change but ultimately falls short. Corporate boards...
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