executive compensation – News Stories About executive compensation - Page 12

Bailout Talks
Get Stuck on Executive Pay

Sep 24, 2008 6:08 AM CDT

Bailout Talks Get Stuck on Executive Pay

Senate wants to rein in excesses, but lobbyists push back

(Newser) - As Washington continues to wrangle over the terms of the Wall Street bailout, one major sticking point has been executive pay packages, with many in Congress looking to punish CEOs seeking taxpayer aid. While lobbyists are pushing back hard, some kind of restraint on compensation seems unavoidable, reports the New ...

Time to Punish Someone
for Economic Disaster

ANALYSIS

Sep 23, 2008 2:25 AM CDT

Time to Punish Someone for Economic Disaster

Bailout package should penalize those who brought down system, say experts

(Newser) - Economists mostly agree that the financial situation is so dire that a bailout is needed, but many are skeptical about the one proposed. One of the biggest problems is the lack of punitive measures against the reckless, fat-salaried financial bosses who created the mess in the first place, experts tell...

Firms Gamble Pensions
to Fund Exec Perks

Aug 4, 2008 9:18 AM CDT

Firms Gamble Pensions to Fund Exec Perks

Rank-and-file benefits may be at risk as companies use tax loophole

(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...

Former NYSE Chief Wins Fight for $187M Pay

Jul 2, 2008 5:45 AM CDT

Former NYSE Chief Wins Fight for $187M Pay

State can't block Grasso payout, says court, after bitter battle

(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 ...

CEOs Live the
Good Afterlife

Jun 10, 2008 9:23 AM CDT

CEOs Live the Good Afterlife

Lavish 'severance' payments go to heirs if bosses die at the helm

(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...

Shareholder Revolt Strips WaMu Execs
of Fat Pay

Apr 16, 2008 1:19 PM CDT

Shareholder Revolt Strips WaMu Execs of Fat Pay

One resigns; chairman asked to step down

(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...

Paydays That Make Even Wall Streeters Blush

Apr 16, 2008 11:16 AM CDT

Paydays That Make Even Wall Streeters Blush

Top hedge-fund guru earned $3.7B in 2007 as income gap widens

(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....

Obama Says McCain
All Talk on CEO Pay

Apr 11, 2008 4:28 PM CDT

Obama Says McCain All Talk on CEO Pay

He also calls for overhaul of public financing system for campaigns

(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...

Subprime Lender CEOs Defend Exec Pay

Mar 7, 2008 3:50 PM CST

Subprime Lender CEOs Defend Exec Pay

Merrill, Citi and Countrywide honchos cashed in as companies foundered

(Newser) - Banking executives who took home huge paychecks even as the subprime mortgage crisis battered their companies appeared before Congress today to defend their actions. Democrats on the House Oversight Committee grilled them about their enormous pay packages as Republicans apologized to them and questioned the premise of the hearing, the...

House Hits High Bonuses
at Strapped Companies

Mar 7, 2008 7:53 AM CST

House Hits High Bonuses at Strapped Companies

Fat cats to face executive pay hearing

(Newser) - A House committee wants to know why the CEOs of three companies mired in the subprime crisis collected massive bonuses as their firms bled billions, AP reports. The targets include Merrill Lynch, Citigroup, and Countrywide, all of which posted stunning losses last year. Countrywide CEO Angelo Mozilo and the former...

Investors Angered as WaMu Shields Exec Bonuses

Mar 5, 2008 8:53 AM CST

Investors Angered as WaMu Shields Exec Bonuses

Bank's board of directors extracts subprime losses from bonus formula

(Newser) - Washington Mutual’s directors have decided to limit the hit its executive management team can take from the subprime credit fiasco, setting cash bonus targets that exclude costs from foreclosures and mortgage-related losses, reports the Wall Street Journal. The move angered some shareholders who’ve seen their investment shrink as...

Apple Shareholders Demand Say on Executive Pay

Mar 5, 2008 4:03 AM CST

Apple Shareholders Demand Say on Executive Pay

Union proposal OK'd at annual meeting

(Newser) - Apple shareholders have approved a motion giving them some input into executive pay levels, the San Francisco Chronicle reports. "I hope it will help me with my $1 a year salary," quipped CEO Steve Jobs after the vote at the company's annual meeting—though Jobs bags millions of...

SEC Delves Deeper Into Execs' Pay

Jan 29, 2008 3:28 PM CST

SEC Delves Deeper Into Execs' Pay

Regulator pushes companies to reveal criteria for measuring performance

(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...

No Bonus for Bear Stearns Execs

Dec 19, 2007 7:41 AM CST

No Bonus for Bear Stearns Execs

On the eve of announcing its first quarterly loss ever, top execs pass on bonuses

(Newser) - Bear Stearns’ CEO and other top executives, poised to announce the company’s first quarterly loss in its 84-year history tomorrow, are expected to bypass millions of dollars in annual bonuses, an acknowledgment of the dismal year the firm had, driven down by the collapse of the subprime mortgage market...

Bush Vows Free Trade Push

Oct 12, 2007 6:20 AM CDT

Bush Vows Free Trade Push

Slams executive compensation as 'unfair'

(Newser) - President Bush believes many Americans have lost confidence that they can compete in the world economy and he plans to champion his free trade agenda in the final months of his presidency, he told the Wall Street Journal. Bush also criticized excessive executive compensation, saying some salaries "send a...

Investors Clash With Yahoo CEO

Jun 13, 2007 10:34 AM CDT

Investors Clash With Yahoo CEO

Stockholders blast chief for $107M payday; nix change on company's China policy

(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...

Top Executive Salaries Soar

May 25, 2007 8:00 AM CDT

Top Executive Salaries Soar

Gap between the CEO and the cubicle is wider than ever

(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...

Stocks Swing on CEO House Size

Apr 13, 2007 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...