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| 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. |
| US: Disney Paid Eisner $10.1 Million in '05
Associated Press
January 12th, 2006
Michael D. Eisner, former chief executive of the Walt Disney Company, received $10.1 million in compensation last year, including a $9.1 million cash bonus, according to the company's annual proxy statement filed Wednesday. |
| US: Wall $t. bonuses balloon to new record
CNN
January 11th, 2006
Wall Street bonuses set a new record of $21.5 billion in 2005, surpassing the previous record of $19.5 billion set in 2000 during the peak of the last bull market, according to a report released Wednesday by New York State Comptroller Alan G. Hevesi.
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| US: SEC to Propose Overhaul of Rules On Executive Pay
by Kara Scannell, Washington Post
January 10th, 2006
The Securities and Exchange Commission, responding to rising criticism of soaring -- and partially hidden -- executive pay, is poised to propose the most sweeping overhaul of pay disclosure rules in 14 years, seeking to push companies to divulge much more about their top executives' perquisites, retirement benefits and total compensation.
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| US: Call It the Deal of a Lifetime
by Landon Thomas, Jr., The New York Times
January 8th, 2006
It has been a wrenching professional and personal reversal for Michael Kopper, who three years ago became the first Enron executive to plead guilty to criminal charges and cut a deal with the government. Mr. Kopper was also the first high-ranking Enron employee to publicly admit to lying and stealing - in his case, more than $16 million - from the company.
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| US: No, let me pay: Execs get tax help
CNN
December 22nd, 2005
More than half the nation's largest companies are giving their top executives extra money to pay taxes due on corporate perks such as luxury cars and even on capital gains, according to a published report. |
| US: A Record Year for Shareholder Activism
by G. Jeffrey MacDonald, Christian Science Monitor
June 28th, 2004
Question: What single force can get Tyco International to strive for cleaner emissions, inspire PepsiCo to study the impact of AIDS in developing nations, and even get Merck & Co. to declare its intentions to not manufacture an abortion pill? Answer: shareholders. |
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