|Daily CEO Pay Now Exceeds U.S. Workers Annual Salary|
by Richard Smallteacher
June 30th, 2013
U.S. corporate CEO salaries rose 16 percent in 2012, according to research firm Equilar. Average daily CEO pay is now greater than that of the average annual worker salary. Top salary: Larry Ellison of Oracle - over $96 million. Top exit bonus: James Mulva of ConocoPhillips - $156 million.
|“Fat Cat” Laws Approved In Europe To Curb Excessive Corporate Pay|
by Puck Lo, CorpWatch Blog
March 8th, 2013
Nearly 70 percent of Swiss voters approved a “fat cat” referendum that would prohibit “golden handshake” bonuses to departing corporate bosses while the European Union approved legislation limiting bankers executive bonuses to a maximum of one year’s salary, or twice that amount if a majority of shareholders approve.
|Is Halliburton Forgiven and Forgotten? Or How to Stay Out of Sight While Profiting From the War in Iraq|
by Pratap Chatterjee, TomDispatch.com
June 3rd, 2009
At Halliburton's recent annual shareholders meeting in Houston, all was remarkably staid as the company celebrated its $4 billion in 2008 operating profits, a striking 22% return at a time when many companies are announcing record losses.
Just three months ago, however, Halliburton didn't hesitate to pay $382 million in fines to the U.S. Department of Justice as part of the settlement of a controversial KBR gas project in Nigeria in which the company admitted to paying a $180 million bribe to government officials.
|Norilsk Nickel: A Tale of Unbridled Capitalism, Russian Style|
by Anton Foek, Special to CorpWatch
October 9th, 2008
The launch of Russia’s stock markets in the early 90s and privatization of state assets has profoundly impacted Russian society. As the case of mining giant Norilsk Nickel illustrates, this experiment has given rise to both immense personal wealth for a new elite, and economic uncertainty for the ordinary citizen.
|An Uncomfortable Spotlight in Davos|
by Pratap Chatterjee, Special to CorpWatch
January 31st, 2008
The CEOs of three-quarters of the world's 100 largest companies have just completed an uncomfortable weekend at the tiny Swiss ski resort of Davos, while their companies' share prices nosedived on global stock markets, amid concern that the U.S. economy is staggering towards recession.
|Soaring Executive Pay Attacked by Shareholder Activists|
by Sam Pizzigati, Special to CorpWatch
June 26th, 2007
Last year, the CEOs of the 500 biggest U.S. companies averaged $15.2 million in total annual compensation, according to Forbes business magazine’s annual executive pay survey. The top eight CEOs on the Forbes list each pocketed over $100 million. Stunning numbers like these have moved executive pay onto America’s political radar screen.
|A Proxy Battle: Shareholders vs. CEOs|
by Kevin Kelleher, Special to CorpWatch
June 13th, 2006
Earnest shareholder resolutions presented at company annual general meetings on everything from human rights to executive compensation are routinely shot down in flames. But shareholder resolutions may have an effect, even in defeat.