Originally posted April 2010 Reporters Nelson D. Schwartz and Louise Story tell us in the March 31, 2010 article for the New York Times, “Pay of Hedge Fund Managers Roared Back Last Year” that: “… top hedge fund managers rode the 2009 stock market rally to record gains, with the highest-paid 25 earning a collective $25.3...
Originally posted November 2010 For companies facing bankruptcy, there is usually plenty of blame to go around and plenty of individuals on whom it should be smeared. The Tribune Company, however, seems to have more than its share of reprehensible characters in its executive ranks, coupled with a Board of Directors that seems unwilling or...
Originally posted May 2013 According to a March 31, 2013 article in the New York Times by Susanne Craig: “Since the financial crisis, compensation for the directors of the nation’s biggest banks has continued to rise even as the banks themselves, facing difficult markets and regulatory pressures, are reining in bonuses and pay.” Well, “reining in”...
Originally published October 2014 Michael Graham examines the challenge of creating a responsible value exchange strategy to attract and retain the right CEO to head a business, while at the same time ensuring this is compatible with the over-all objectives and business strategy of the company. The controversy that surrounds executive pay and employment contracts...
Originally published August 2009. In her July 27, 2009 Wall Street Journal article titled “U.S. Pay Czar to Rework Contracts Deemed High”, Deborah Solomon says: “The role of the government in setting pay is reaching a pivotal moment. Seven banks and industrial companies that received significant bailouts must submit proposals for their compensation packages by...
Originally posted August 2009. In their July 27, 2009 article titled “Citi in $100 Million Pay Clash” Wall Street Journal reporters Michael Siconolfi and Ann Davis share: “A top Citigroup Inc. trader is pressing the financial giant to honor a 2009 pay package that could total $100 million, setting the stage for a potential showdown...
Originally posted September 28, 2010. The September 17, 2010 article in Financial Times (CEO/employee pay ratios) again addresses the nagging question of the seemingly outrageous difference between CEO pay and that of the average worker but raises the question as to whether a larger or smaller differential is “better”. The author writes: “Would you work...
Originally posted June 2009. We saw an interesting paper that was highlighted in an article called “Incentives for the Long Run: An Executive Compensation Plan That Looks Beyond the Next Quarter” Published: May 27, 2009 in Knowledge at Wharton. Being strong supporters of longer-term outlooks for executive compensation structure, we were eager to see what...
