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News Articles : Displaying 32-51 of 71


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).

US: Who Signed Off on Those Options?
by Eric DashThe New York Times
August 27th, 2006
As Silicon Valley companies competed for top talent during the heady days of the dot-com boom — luring stars with plump signing bonuses and the most highly prized manna of all, stock options — Mercury Interactive, a highflying software concern, joined the fray with gusto.

US: Belated Apologies in Proxy Land
by Gretchen MorgensonThe New York Times
August 20th, 2006
Let us now praise a mutual fund company that actually voted in its customers’ interests when casting annual proxy votes this spring. And let us now rebuke the corporate executives who didn’t bother responding to letters from the fund company’s chairman detailing its views.

US: Creditors: Dana execs' bonus plan could spur pension cuts
by Joseph RebelloAssociated Press
August 14th, 2006
Dana Corp. creditors said the company's latest plan to reward six top executives would allow them to reap a "windfall" if they were to get Dana to cut workers' retirement benefits.

US: Options Brought Riches and Now Big Trouble
by Floyd NorrisThe New York Times
July 25th, 2006
It was stock options that made Gregory L. Reyes, the former chief executive of Brocade Communications Systems, very rich, and now it is abuse of options that may send him to prison.

US: Study Finds Backdating of Options Widespread
by Stephanie SaulThe New York Times
July 17th, 2006
More than 2,000 companies appear to have used backdated stock options to sweeten their top executives’ pay packages, according to a new study that suggests the practice is far more widespread than previously disclosed.

US: Many Executives' Paychecks Swelled
by Terence O'HaraThe Washington Post
July 10th, 2006
An analysis of 282 local executives at 109 area companies who have had the same title from 2003 until the end of 2005 showed that merely sticking around gives an executive an excellent chance of getting a raise, sometimes a big one. In many cases, raises are dictated by employment contracts or other compensation practices that have nothing to do with an executive's job performance and are often divorced from the kind of market logic that dictates how most people are paid.