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Latest Executive compensation Stories

2009-04-29 07:00:00

- Average Base Salary Increases Down over 2008, Amidst Expansion of Responsibilities - - Yet 94% Still Reported Bonuses - FLORHAM PARK, N.J., April 29 /PRNewswire/ -- A growing number of financial executives did not receive a salary increase, according to a new study by Financial Executives Research Foundation (FERF), the research affiliate of Financial Executives International (FEI). Financial executives in 2008 that did receive a salary bump experienced a slight dip percentage-wise...

2009-04-21 12:59:00

PEORIA, Ill., April 21 /PRNewswire-FirstCall/ -- Caterpillar Inc. (NYSE: CAT) today filed its proxy statement and annual meeting notification with the United States Securities and Exchange Commission (SEC). The proxy statement provides details on Caterpillar's 2008 executive compensation and highlights the company's long-held philosophy of pay for performance and pay at risk. The document also includes other information related to the company's business and financial performance in 2008....

2009-04-21 09:00:00

Adds Option Exchange and Modification Accounting Functionality PLEASANTON, Calif., April 21 /PRNewswire/ -- In response to the growing number of stock options that are underwater, Equity Administration Solutions, Inc. (EASi) today announced plans to be the first equity compensation software provider to support repricings with option exchange and modification accounting functionality. EASi makes it possible to properly account for and report on grants that are repriced or modified. Almost...

2009-04-06 22:40:55

An Internal Revenue Service official has put U.S. non-profits on notice -- the IRS will be looking at their executive compensation practices. The caution came at a meeting in Washington of lawyers representing non-profit organizations, The Wall Street Journal reported Monday. IRS Exempt Organizations Division Director Lori Lerner told the attorneys the stepped-up scrutiny -- at a time when the issue of executive compensation in the private sector is coming in for increasing criticism -- means...

2009-03-24 14:03:00

SAN FRANCISCO, March 24 /PRNewswire-FirstCall/ -- PG&E Corporation (NYSE: PCG) today announced that, beginning in 2010, it will seek shareholders' advisory vote on executive compensation each year at the company's annual meeting. In addition, PG&E Corporation's utility unit, Pacific Gas and Electric Company, has adopted the same policy. These advisory votes will be taken into consideration by the Boards of Directors of PG&E Corporation and Pacific Gas and Electric Company as they...

2009-03-24 15:01:00

DEARBORN, Mich., March 24 /PRNewswire-FirstCall/ -- Ford Motor Company (NYSE: F) today filed with the U.S. Securities and Exchange Commission a preliminary notice regarding its 2009 Annual Meeting of Shareholders. Ford is filing a preliminary proxy statement because of a company proposal seeking shareholder approval to issue common stock related to the company's recent agreement with the United Auto Workers and the Voluntary Employee Beneficiary Association (VEBA). Ford is requesting this...

2009-03-12 11:00:00

Robert Denham, former Chairman and CEO of Salomon Inc., And Raj L. Gupta, Chairman and CEO of Rohm and Haas, to Co-Chair NEW YORK, March 12 /PRNewswire/ -- With the current economic environment prompting a significant reexamination of the institutions and behaviors that govern the market system, The Conference Board -- the global business research and membership organization -- announced today the formation of an Executive Compensation Task Force. This Task Force brings together...

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2009-03-07 10:40:00

As Google stock drops during the unstable economic climate, the Internet search leader has developed a way to boost moral and retain employees by providing them a second chance to profit from millions of stock options after a nearly 60 percent drop, the Associated Press reported. Google workers can now profit from options by cashing in on the difference between the exercise price and a stock's market price, essentially giving them incentive this week to root for the company's shares to...

2009-03-05 07:30:00

Pessimism Continues to Snowball as CEOs Doubt the Effectiveness of the President's Economic Measures NEW YORK, March 5 /PRNewswire/ -- It is now clear that, so far, the President's Stimulus Plan did little in way of bringing confidence to the markets. And, according to Chief Executive magazine's CEO Index, it also appears to have done little, if anything, in way of assuaging CEOs' fears about the direction of the economy. In February, the Chief Executive magazine's CEO Confidence Index, a...

2009-02-26 11:01:56

Canada's sixth largest bank will become the first in the country to ask shareholders for their reaction to executive compensation plans, the bank said Thursday. Starting next year, National Bank of Canada will submit top executives' pay plans to a non-binding shareholder vote, the Montreal bank said. In so doing, the bank is acknowledging the developments of the past few weeks relating to this matter and fulfilling a wish expressed by many of its shareholders, National Bank of Canada said in...


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jument
  • A beast of burden; also, a beast in general.
'Jument' ultimately comes from the Latin 'jugum,' yoke.
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