| FRANCE: France's shareholder revolt
by Henri Astier, BBC June 29th, 2006 |
| US: Apollo Group Receives Subpoena for Stock Options Records Bloomberg News June 20th, 2006 Apollo Group Inc., a for-profit education company whose schools include the University of Phoenix, said yesterday that it had received a subpoena from the United States attorney's office for the Southern District of New York, related to stock option grants. |
| 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. |
| EU: U.S.-Style Pay Packages Are All the Rage in Europe by Geraldine Fabrikant, The New York Times June 16th, 2006 Along with hip-hop and Hollywood movies, Europeans are eagerly importing another American phenomenon: soaring pay packages for chief executives. |
| 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. |
| US: With Links to Board, Home Depot Chief Saw His Pay Soar by Julie Creswell, The New York Times May 24th, 2006 |
| 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. |
| US: Executives Take Company Planes as if Their Own by Geraldine Fabrikant, The New York Times May 10th, 2006 Richard D. Parsons, chairman and chief executive of Time Warner, owns a small vineyard in Tuscany that produces a Brunello di Montalcino selling for $80 a bottle, adorned with a crest of the Parsons family. |
| 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: Exxon Chairman Got Retirement Package Worth at Least $398 Million by Jad Mouawad, The New York Times April 13th, 2006 Last year's high oil prices not only helped Exxon Mobil report $36 billion in profit � the most ever for any corporation � they also allowed Lee R. Raymond to retire in style as chairman of Exxon Mobil. |
| US: EXECUTIVE PAY; C.E.O. Pay Keeps Rising, And Bigger Rises Faster by Eric Dash, The New York Times April 9th, 2006 CHIEF executives' pay continued to rise in 2005, although at a slightly slower pace than in 2004. |
| 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: SEC Moves to Require More Disclosure on Executive Pay Associated Press January 17th, 2006 Federal securities regulators moved Tuesday to require companies to provide far greater detail about their executives' pay packages and perks in an effort to bring more transparency to an area that has provoked investor and public anger. |
| 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. |
| 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. |
| 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. |
| 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. |