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News Articles : Displaying 26-45 of 71


US: Companies Cut Holes in CEOs' Golden Parachutes
by PHRED DVORAKWall Street Journal
September 15th, 2008
Top executives at Double Eagle Petroleum Co. signed employment agreements this month that curtailed a time-honored executive perquisite: the executives don't get severance in cases of "poor performance."

US: Regulator Plans to Bar Big Severance
by JAMES R. HAGERTYWall Street Journal
September 15th, 2008
The regulator of Fannie Mae and Freddie Mac said Sunday that it won't allow the companies to make "golden parachute" severance payments to the mortgage companies' ousted chief executive officers.

US: UnitedHealth Ex-CEO Settles Pay Case
by VANESSA FUHRMANS Wall Street Journal
September 11th, 2008
Former UnitedHealth Group Inc. Chief Executive William McGuire agreed to pay $30 million and forfeit 3.7 million stock options to settle shareholder claims related to options backdating, adding to what was already one of the largest executive-pay givebacks in history.

US: Companies Tap Pension Plans To Fund Executive Benefits
by ELLEN E. SCHULTZ and THEO FRANCISThe Wall Street Journal
August 4th, 2008
In recent years, companies from Intel Corp. to CenturyTel Inc. collectively have moved hundreds of millions of dollars of obligations for executive benefits into rank-and-file pension plans. This lets companies capture tax breaks intended for pensions of regular workers and use them to pay for executives' supplemental benefits and compensation.

US: Fannie Mae Ex-Officials Settle
by JAMES R. HAGERTYWall Street Journal
April 19th, 2008
The settlement, announced Friday, brings the government far less than it had originally sought over alleged violations of accounting rules. Fannie's regulator, the Office of Federal Housing Enterprise Oversight, in 2006 sought to require the three former executives to pay back more than $115 million of bonuses and pay fines that it said at the time could total more than $100 million.

GERMANY: Germans sour on capitalism amid corporate scandals
by Jeffrey WhiteChristian Science Monitor
March 25th, 2008
Recent scandals, involving such titans as Siemens, Volkswagen and Deutsche Poste, have undermined public trust in the integrity of German corporations, bolstering a growing shift to the left and its social welfare ideals.

US: Chiefs’ Pay Under Fire at Capitol
by JENNY ANDERSONThe New York Times
March 8th, 2008
In pointed exchanges with Congressional lawmakers Friday, three prominent financial executives defended the multimillion-dollar pay packages they received even as their companies were brought to their knees by the spreading credit crisis.

FRANCE: Sarkozy calls on head of Sociéte Générale to resign over trading scandal
by Katrin BennholdInternational Herald Tribune
February 26th, 2008
President Nicolas Sarkozy of France called on the head of Sociéte Générale to resign over a €4.9 billion trading fraud, saying, "That someone earns €7 million doesn't shock me. On one condition: that he takes responsibility."

US: Former Chief Will Forfeit $418 Million
by Eric DashNew York Times
December 7th, 2007
The former chief executive of UnitedHealth Group agrees to settle claims related to back-dated stock options.

US: We are overpaid say executives
by Francesco GuerreraFinancial Times
October 15th, 2007
Most US corporate leaders believe chief executives are overpaid, according to a study.

UK: From $1 firm, Lord Ashcroft nets £132m
by Simon BowersGuardian (UK)
October 9th, 2007
The UK's Lord Ashcroft, the Conservative party deputy chairman and major donor, has agreed to sell his loss-making US janitorial business in a deal that will bring him a £132m windfall.

US: CEO pay disparity rears its head
by  Francesco Guerrera and Daniel PimlottFinancial Times
October 8th, 2007
The question of "internal pay equity" continues to climb the corporate governance agenda.

CANADA: Four Former Nortel Executives Charged With Accounting Fraud
Associated Press
September 13th, 2007
The U.S. Securities and Exchange Commission has charged four more former Nortel Networks Corp. executives with accounting fraud, alleging they manipulated reserves to change Nortel's earnings statements on the orders of more senior officers of the Canadian networking equipment maker.

US: NASA gives Google founders a coveted parking place for their private jet
by Miguel HelftInternational Herald Tribune
September 12th, 2007
In the annals of perks enjoyed by American corporate executives, the founders of Google may have set a new standard: an un-crowded, federally-managed runway for their private jet that is as close as can be to being in the company's own backyard.

US: SEC Asks Firms to Detail Top Executives' Pay
by Kara Scannell and Joann S. LubliThe Wall Street Journal
August 31st, 2007
Stepping up its campaign to shed light on the mysteries of executive pay, the Securities and Exchange Commission has sent letters to nearly 300 companies across America critiquing disclosures in this year's proxy statements and demanding more information.

UK: Tesco investors attack executive bonus plan
by Karen AttwoodThe Independent
June 30th, 2007
Anger is mounting over a new bonus scheme at Tesco that will reward chief executive Sir Terry Leahy with a £11.5m windfall if the supermarket group's US venture Fresh & Easy succeeds.

US: Executive Pay: A Special Report. More Pieces. Still a Puzzle.
by Eric DashNew York Times
April 8th, 2007
In response to a barrage of criticism that regulators have not kept up with the complexities of swelling pay packages, the Securities and Exchange Commission now requires corporate America to disclose details of executive compensation more fully. As this year’s proxies pour in, they are packed with fresh information aimed at making pay more transparent. Of course, it also is a lot more confusing.

GERMANY: Siemens chief says corruption scandal won't delay next strategic plan
by Mark Landler and Carter DoughertyHerald Trribune
February 27th, 2007
Even as Siemens has reported buoyant financial results — thanks in part to Kleinfeld's overhaul of its operations — it has been hit with a fast-expanding corruption scandal that threatens to sink its reputation.

US: Lockheed Stock and Two Smoking Barrels
by Richard CummingsPlayboy.com
January 16th, 2007
If you think the Iraq war hasn't worked out very well for anyone, think again. Defense contractors such as Lockheed are thriving. And no wonder: Here's the story how Lockheed's interests- as opposed to those of the American citizenry- set the course of U.S. policy after 9/11.

US: Pentagon Spends Billions to Outsource Torture
by Joshua HollandAlternet
September 14th, 2006
The thousands of mercenary security contractors employed in the Bush administration's "War on Terror" are billed to American taxpayers, but they've handed Osama Bin Laden his greatest victories -- public relations coups that have transformed him from just another face in a crowd of radical clerics to a hero of millions in the global South (posters of Bin Laden have been spotted in largely Catholic Latin America during protests against George W. Bush).