November 11, 2008

Canada: Enhanced Executive Compensation Disclosure For Upcoming Proxy Season

Source: mondaq.com

Executive compensation disclosure requirements in Canada are changing for financial years ending on or after December 31, 2008. Amendments to the disclosure requirements are aimed at improving transparency surrounding executive...

November 10, 2008

Treasury subjects AIG to executive pay curbs

Source: Reuters

The U.S. Treasury on Monday said its $40 billion investment in American International Group will subject the firm to the same curbs on executive bonuses and golden parachutes as other financial institutions that receive...

November 8, 2008

Obama Should Have Overpaid CEOs Shaking

Source: The Street.com

Democrat Barack Obama's election to the White House may be the final push needed to rein in over-the-top CEO salaries.

At first blush, the president-elect seems to endorse the idea of curbing excessive pay. Obama in March...

November 7, 2008

Most Overpaid CEO Of The Day: Alan F. Schultz Of Valassis (VCI)

Source: 24/7 Wall Street

Valassis (VCI), the media and marketing services companies, has done an astonishingly poor jobs for its shareholders. The stock is down from a 52-week high of $16.80 to $1.78. The firm's third quarter earnings only made the...

November 6, 2008

Fuld to step down as CEO of bankrupt Lehman

Source: Reuters

Richard Fuld, the chief executive of Lehman Brothers Holdings Inc, will step down by year's end, and not receive any bonus or severance when he leaves, a company spokesman said on Wednesday.

November 6, 2008

Women CEOs get more base pay, less total compensation, survey says

Kansas City Star, MO - But in total compensation, the women executives still lag behind the men, according to a new report from The Corporate Library. When the total pay package ...

November 6, 2008

UBS executives urged to pay back bonuses

Source: The Independent - UK

Directors of UBS could be forced to repay bonuses they have already been awarded as Switzerland's biggest bank, which has been severely damaged by the credit crunch, comes under intense pressure over executive compensation.

November 6, 2008

Sun Microsystems shareholders vote for say over top brass pay

Source: San Francisco Business Times

Shareholders in Sun Microsystems Inc., perhaps angered over news reports about CEO Jonathan Schwartz’s ballooning pay packages, voted for more say in executive compensation. At the company’s annual meeting today, two-thirds of...

November 5, 2008

Wall Street bonus backlash brewing

Source: CNN Money

Wall Street now has a new worry: bonus season. There are already rumblings that the notoriously lavish payments for bankers and traders could be cut in half from a year ago, following what has been an abysmal year for the...

November 4, 2008

Lawmakers want closer scrutiny of Wall Street exec pay

Source: USA Today

Last December, Wall Street firms paid a total of $33.2 billion in bonuses for 2007, according to New York state's comptroller office. Those fat bonuses were handed out barely three months before the stunning downfall of...