Governance Notes

Archive for the ‘Compensation’ Category

Seperate University Studies Bemoan High CEO Pay

In Compensation on December 26, 2009 at 5:37 pm

New research suggests that companies with over the top CEO pay lag behind the competition.  The two studies, one from professor Lucian Bebchuk of Harvard Law School and the other from Raghavendra Rau of Purdue University, are summarized in this WSJ article from Dec. 26.

Cablevision Tightens the Knot with Top 3 Execs

In Compensation on December 24, 2009 at 8:01 am

Cablevision, while planning for a spin-off of Madison Square Garden Inc., has found time to ink five-year employment contracts with each of its top three executives. Read this Dec. 24 WSJ article, where the dollars add up quickly, for more details.

Pay Czar Kenneth Feinberg Provides a Frank Assessment of His Work

In Compensation on December 24, 2009 at 4:37 am

Directorship Magazine has just released a full transcript of a recent speech by the U.S. special master of compensation, Kenneth Feinberg, detailing his process for setting executive compensation at the seven largest bailout recipients. I think you’ll find his candor and matter of fact tone surprising.

Fannie and Freddie Rekindle Pay Controversies

In Compensation on December 24, 2009 at 2:01 am

More compensation news, this time from Fannie and Freddie where both CEOs are in line to collect multiple millions according to this Dec. 24 WSJ article.

Pay Woes Continue to Hinder AIG

In Compensation on December 24, 2009 at 1:01 am

AIG’s Robert Benmosche and Kenneth Fienberg, the U.S. Pay Czar, go head-to-head over pay (again and again) writes the WSJ in this Dec. 24 article.