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Latest Executive compensation Stories

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2009-11-04 08:45:00

Chief executives in 35 of the top Fortune 500 companies were overpaid by about 129 times their "ideal salaries" in 2008, according to a new type of theoretical analysis proposed by a Purdue University researcher to determine fair CEO compensation. "One of the most pressing economic and corporate governance issues of the day is how to determine fair pay packages for CEOs," said Venkat Venkatasubramanian, a professor of chemical engineering. "The proposed theory allows us to compute what the...

2009-10-06 08:00:00

BATESVILLE, Ind., Oct. 6 /PRNewswire-FirstCall/ -- Hill-Rom Holdings, Inc. (NYSE: HRC) today announced that its Board of Directors has unanimously approved enhancements to the Company's corporate governance policies. The enhancements include: Implementation of majority voting in uncontested elections. The Board has amended the Company's Corporate Governance Standards to provide for a majority voting standard for the election of directors in uncontested elections. Under the new...

2009-09-22 13:38:22

High executive salaries and multimillion dollar severance plans during a recession have undermined trust in U.S. corporations, a Conference Board report said. The report, The Conference Board Task Force on Executive Compensation, said corporations must take immediate and credible action, to restore public trust. The task force members that assembled the report included leading corporate executives, such as Joel Hyatt, a member of the Hewlett-Packard board of directors and David Dillon,...

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2009-09-21 06:25:00

Despite the this year's economic downturn resulting in a 17 percent drop in Microsoft's profits, the software company still managed to bump its CEO's salary by 4 percent at the start of the 2009 fiscal year. A preliminary filing on Friday with the Securities and Exchange Commission showed that Steve Ballmer's salary went from $640,833 to $665,883 even with a massive drop in personal computer sales. On top of the raise, Ballmer earned a $700,000 bonus just last year. However, his 2009 bonus,...

2009-09-18 17:11:00

REDMOND, Wash., Sept. 18 /PRNewswire-FirstCall/ -- Microsoft Corp. today announced that its board of directors has approved a shareholder advisory vote on executive compensation at this year's shareholder meeting on Nov. 19, as part of a "say-on-pay" plan to allow shareholders to provide input on the company's compensation of senior executive officers. (Logo: http://www.newscom.com/cgi-bin/prnh/20000822/MSFTLOGO) Under the plan, Microsoft shareholders will be able to cast a nonbinding...

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2009-09-18 07:51:30

European leaders, in advance of next week's summit meeting in Pittsburgh, reached agreement over a bank pay policy that ties bonuses to long-term performance. Europe is united on a strong political message, French President Nicolas Sarkozy said after a three-hour dinner meeting in Brussels. The EU proposal to tie compensation to long-term performance was accepted by all 27 European Union member states, The New York Times reported Friday. It allows the EU to present a forceful case for an...

2009-09-17 08:00:00

NEW YORK, Sept. 17 /PRNewswire/ -- National law firm Pillsbury today issued a White Paper, "Executive Pay Reform Poses Complex Risks for Compensation Committees," which explores issues facing compensation committees under the proposed Corporate and Financial Institutional Fairness Act of 2009 (the Act) and other reforms. "Earlier this week, a judge rejected the settlement made between the SEC and Bank of America to pay Merrill Lynch executives $33 million in bonuses, ruling it was unfair...

2009-08-27 06:00:00

NEW YORK, Aug. 27 /PRNewswire/ -- High-tech senior executives, along with employees holding options granted within 10 years of last fall's market meltdown, are continuing to drown along with their shareholders. A current survey by executive compensation consultants Steven Hall & Partners reveals that, as of this July 31st, stock options at 90% of the 100 largest technology corporations are still underwater, leaving many companies to seriously question their sunk cost and retentive...

2009-08-19 10:25:00

PHOENIX, Aug. 19 /PRNewswire-FirstCall/ -- NutraCea (OTC: NTRZ), a world leader in stabilized rice bran nutrient research and technology, today announced that consistent with efforts to enhance its corporate governance structure, the Company's Board of Directors approved an immediate increase in membership from seven to nine directors. The Company intends to fill these positions immediately and has begun its search for experienced and independent outside individuals to strengthen the...

2009-08-12 09:00:00

NEW YORK, Aug. 12 /PRNewswire/ -- The Conference Board released today a report that reveals flaws in how many corporate boards execute their fiduciary responsibilities on CEO succession planning and leadership development. The Conference Board report includes a roadmap of five critical steps for boards to remedy the current situation. It is the sixth and final report in The Conference Board series on the oversight role of the board of directors in the current economic crisis. Due to the...


Word of the Day
cock-a-hoop
  • Exultant; jubilant; triumphant; on the high horse.
  • Tipsy; slightly intoxicated.
This word may come from the phrase 'to set cock on hoop,' or 'to drink festively.' Its origin otherwise is unclear. A theory, according to the Word Detective, is that it's a 'transliteration of the French phrase 'coq a huppe,' meaning a rooster displaying its crest ('huppe') in a pose of proud defiance.' Therefore, 'cock-a-hoop' would 'liken a drunken man to a boastful and aggressive rooster.'
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