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Latest Executive compensation Stories

2009-08-09 15:21:19

The Obama administration's compensation czar, Kenneth Feinberg, faces a delicate task as he moves to limit pay for top executives, U.S. analysts say. It will up to Feinberg in the coming months to set executive compensation at seven companies that received large government bailouts -- American International Group, Citigroup, Bank of America, General Motors Co., Chrysler Group, Chrysler Financial and GMAC. His task is complicated and unprecedented, The Washington Post reported Sunday. I wish I...

2009-08-03 14:46:00

House of Representatives Approve Legislation, First Step in Vital Oversight CHICAGO, Aug. 3 /PRNewswire-USNewswire/ -- Flight attendants, represented by the Association of Flight Attendants-CWA, AFL-CIO (AFA-CWA) at United Airlines, applaud the U.S. House of Representatives for approving legislation that would put new constraints on executive pay, and urge the Senate to adopt a similar measure. This important milestone in passing the measure represents one of the first pieces of...

2009-07-30 09:30:00

HARRISBURG, Pa., July 30 /PRNewswire-USNewswire/ -- The Pennsylvania Insurance Department today released an examination report providing comprehensive information on the compensation Highmark Inc. and Independence Blue Cross pay their executive management teams. The report was originally part of the department's review of the two companies' consolidation filing, but carried over when the companies withdrew the consolidation proposal earlier this year. "Our report concludes that the...

2009-06-11 08:37:08

The U.S. Treasury has appointed Washington lawyer Kenneth Feinberg to the task of assigning executive pay levels at seven bailed out corporations. In a move meant to answer public anger over huge salaries and bonuses at U.S. companies propped up by billions of taxpayer dollars, the Treasury authorized Feinberg, who oversaw the effort to compensate families after the Sept. 11, 2001, terrorist attacks, to set pay for the top five executives and the 20 highest paid employees at American...

2009-06-10 10:01:00

Newsletter Highlights Deteriorating Earnings That Threaten Dividends WILMINGTON, Del., June 10 /PRNewswire-USNewswire/ -- Despite a 40% drop in stock value and analyst concerns about company performance, top executives at Wilmington Trust (NYSE: WL), received more than $8.6 million in 2008 alone and gained over $17.1 million in pension benefits, according to a newsletter issued today. The debut issue of Wilmington Trust Exposed was distributed to 400 shareholders, market analysts, media...

2009-05-20 07:00:00

Substantial majority of shareholders ratifies executive compensation in first-ever "say on pay" SEATTLE, May 20 /PRNewswire-FirstCall/ -- Alaska Air Group, Inc. (NYSE: ALK) announced the preliminary results of shareholder voting at the company's annual meeting yesterday in Seattle. A substantial majority of shareholders approved the following management proposals: By a vote of at least 88 percent, shareholders elected each of Alaska Air Group's nine directors to serve a one-year term. By...

2009-05-19 11:19:51

Shareholders at Royal Dutch Shell in the Netherlands rejected the company's remuneration report Tuesday, the company said. Shell Chairman Jorma Ollila said the board would take this very seriously, promising to meet with shareholders to make the right decisions on executive pay, The Times of London reported Tuesday. Investors representing nearly 60 percent of the company's shares voted against the executive pay policy. In a three-year policy begun in 2005, executives were to be given shares...

2009-05-13 11:29:00

Economic Downturn Leads to More Than $13 Billion Decline for 80 CEOs Studied WASHINGTON, May 13 /PRNewswire/ -- Chief executive officers at many of the nation's largest corporations saw portions of their financial fortunes drop sharply last year as the financial crisis and slumping stock market resulted in smaller annual bonus payouts, diminished ownership values and reduced value for equity holdings, according to an analysis of proxy statements conducted by Watson Wyatt, a leading global...

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2009-04-30 13:23:23

Former CEO and co-founder of Yahoo Jerry Yang's 2008 compensation package was limited to his customary $1 salary during his final year as chief executive of the company, The Associated Press reported. Yang stepped down as CEO in January after he rebuffed Microsoft Corp.'s $47.5 billion bid to buy the Internet company. Yahoo filed a proxy statement disclosing the pay of Yang and its other top executives on Wednesday. The Sunnyvale, Calif.-based company's new leader, Carol Bartz, is trying to...

2009-04-30 02:00:00

Since 1992, PT Marketing has been introducing Financial Services Professionals to business owners in order to discuss strategies to protect their largest investment - their business. In these challenging economic times, business owners are looking for alternate ways to protect their investment and ensure their company's growth over the long term. PITTSBURGH, April 30 /PRNewswire/ -- As the economy continues to struggle, PT Marketing's Executive Compensation Appointment Setting Program is...


Word of the Day
out-herod
  • In the phrase to out-herod Herod, to be more violent than Herod (as represented in the old mystery plays); hence, to exceed in any excess of evil.
Herod refers to 'Herod the Great,' a Roman client king and 'a madman who murdered his own family and a great many rabbis.' According to the OED, the term is 'chiefly with allusion to Shakespeare's use' in Hamlet.
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