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Categories:
Environmental and Energy IssuesSocial Issues and Concerns
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News & InformationNews and InformationNovember 18, 2008 Activists Rally the Troops for Say-on-PaySource: Compliance Week Shareholder votes on executive compensation packages hit a plateau this year, after a stunning ascendancy in 2006 and 2007. Corporate America, however, should brace itself for another resurgence in 2009. November 17, 2008 Several presidents of private colleges earn more than $1 millionSource: Chicago Tribune A dozen presidents of private colleges earned more than $1 million in compensation during the 2006-07 year, including Northwestern University chief Henry Bienen, who was the second-highest paid college executive in the nation.
November 15, 2008 Dodd: Congress Could Legislate Executive PaySource: The Washington Post Sen. Chris Dodd (D-Conn.) just said something that has been unthinkable up to now: Congress may be ready to make laws limiting executive compensation. The pay of top executives, especially those that are receiving government... November 14, 2008 Goldman, Bank Executives Tell Congress They Plan to Slash PaySource: Bloomberg.com -- Goldman Sachs Group Inc. and the biggest U.S. banks, under pressure from Congress to justify their compensation after receiving cash injections from the government, said employees' pay would be slashed this year.
November 14, 2008 Grassley Says Executive Pay Limits Undermined by Bailout ShiftSource: Bloomberg.com A Republican senator said Treasury Secretary Henry Paulson's change in course on a $700 billion bailout of the U.S. financial industry will undermine restrictions on executive pay at companies receiving federal aid. November 13, 2008 Christian Brothers Investment Services Withdraws Shareholder Resolution as Cisco Discusses Giving Investors an Advisory Vote on Executive PaySource: CNN Money Christian Brothers Investment Services (CBIS), a leader in socially responsible investing (SRI) for Catholic institutions, today announced an important step forward in its continued discussions with Cisco Systems (NASDAQ: CSCO)... November 13, 2008 Cuomo Is Seeking Data on Bonuses at BofASource: The Wall Street Journal New York state's attorney general, Andrew Cuomo, this week issued a subpoena to Bank of America Corp., asking for details on how it allocates its bonuses, according to a person familiar with the matter. In a letter to Bank of... November 12, 2008 Say-On-Pay Edges Closer To LawSource: Forbes.com Sen. Barack Obama sponsored a bill to give shareholders a say on top bosses pay. President Obama may well sign it into law. November 12, 2008 Performance not always key factor in executive compensationSource: The Ottawa Citizen Excessive executive compensation is the issue that just won't die. Like a brush fire, it smoulders along quietly for a few years, then flares into periodic firestorms of outrage, recrimination and demands for reform. Prior to the... November 11, 2008 Bonuses for Wall Street Should Go to Zero, U.S. Taxpayers Say  Source: Bloomberg U.S. taxpayers, who feel they own a stake in Wall Street after funding a $700 billion bailout for the industry, don't want executives' bonuses reduced. They want them eliminated. |
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