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| US: Who Signed Off on Those Options?
by Eric Dash, The 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 Morgenson, The 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: Many Executives' Paychecks Swelled
by Terence O'Hara, The 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. |
| UK: Scottish Power Pays Former Executives 'Obscene' £11m
by Ashley Seager, The Guardian (UK)
June 19th, 2006
Four executives of energy company Scottish Power cost the company £11m in severance pay when they left their jobs over the past year, the group's annual report revealed yesterday. The payouts were immediately condemned as "obscene" by the Scottish National party's energy spokesman, Richard Lochhead. |
| US: Earning power
by Laura Smitherman, Baltimore Sun
June 18th, 2006
Although "pay for performance" has become the catchphrase in boardrooms, executive compensation continues to swell at companies thriving and not, large and small, through practices that have drawn scorn from investor groups and labor unions. |
| US: Big Bonuses Still Flow, Even if Bosses Miss Goals
by Gretchen Morgenson, The New York Times
May 31st, 2006
As executive pay packages have rocketed in recent years, their defenders have contended that because most are tied to company performance, they are both earned and deserved. But as the Las Vegas Sands example shows, investors who plow through company filings often find that executive compensation exceeds the amounts allowed under the performance targets set by the directors.
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| US: Uh-oh, it's the shareholders
by Bruce Meyerson, Chicago Sun-Times
May 21st, 2006
It happens only once a year, and yet so many headstrong corporate CEO's can't seem to cope with being in a room with shareholders for a few hours at the annual meeting.
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| US: Chief's Pay Is Docked by Raytheon
by Leslie Wayne, The New York Times
May 3rd, 2006
Raytheon directors punished the chief executive, William H. Swanson, by taking away almost $1 million from his 2006 compensation yesterday because he failed to give credit for material that was in a management book he wrote. |
| US: AFL-CIO puts big CEO pensions under scope
by Edward Iwata, USA Today
April 7th, 2006
Amid growing concern over a wave of cutbacks in corporate pension plans for employees, the CEOs of top U.S. companies would receive "golden pensions" that range from $2 million to $6.5 million a year, according to a study by the AFL-CIO union federation. |
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