No two companies are identical. So why should their compensation plans be? It’s a question that’s frequently being asked by board directors and compensation consultants, especially at this time of year, leading into proxy season, as governance observers are noting an increasing convergence in plan design across the board for companies, such as a heavy…
JPMorgan JPM -0.28% Chase & Co. Chief Executive James Dimon received a compensation package valued at $31 million in 2018, up 5% from $29.5 million in 2017, according to a Thursday securities filing. The CEO earned a base salary of $1.5 million and $5 million in cash, the same as a year ago, and $24.5 million in restricted…
JPMorgan Chase & Co. JPM, -0.28% Chief Executive James Dimon received a compensation package valued at $31 million in 2018, up 5% from $29.5 million in 2017, according to a Thursday securities filling. The CEO earned a base salary of $1.5 million and $5 million in cash, the same as a year ago, and $24.5 million in…
Carlyle Group LP, Overstock.com Inc. and AmTrust Financial Services Inc. are among the growing ranks of companies whose annual shareholder reports now include artificial intelligence as a risk factor. About 55 companies mentioned AI in the risk-factor section of their annual reports filed to the Securities and Exchange Commission in 2018, more than double the approximately two dozen the…
Alphabet, Facebook and Tesla are just a few of the large-cap companies with founders at the helm. And as more companies — particularly those coming from Silicon Valley — go public, boards of founder-led companies are grappling with how to balance governance best practices with the desire to build shareholder value while working with visionary, often non-traditional, leaders. According…
Caterpillar has named chief executive Jim Umpleby as chairman of the board, reversing the company’s decision to split the roles last year, reports The Wall Street Journal. Though corporate governance experts argue that oversight and decision-making is improved if the two roles are separated, this only happens at about 40% of S&P 500 companies, according to MyLogIQ. The leadership structure…
At one time, being a member of the board of directors of an S&P 500 company might have meant attending a few meetings a year, having some meals at the company’s expense, and scoring a nice stipend. Those days are probably over for most publicly traded U.S. companies as demands for board oversight have been…
Caterpillar Inc.’s CAT 0.35% chief executive Jim Umpleby has been named chairman of the machinery giant’s board as well, cementing his leadership nearly two year into his tenure. The move reverses Caterpillar’s decision to split the CEO and chairman positions last year. Corporate governance experts say that having a separate chief executive and board leader can improve oversight and…
Hackers hack weakness. They are efficient at finding it and work relentlessly to exploit it. Now, new moves by the SEC are raising questions about whether the regulator is taking the right steps to protect America’s capital markets and investors. Warren Buffett recently declared at the 2018 Berkshire Hathaway annual meeting that cyber risk “is uncharted territory. It’s going to…
Say-on-pay votes remain a critical way for shareholders to express discontent with executive compensation packages. But they also act as a barometer for shareholder dissatisfaction with the board. Gauging how investors might vote on say on pay ahead of the company’s annual meeting can help avoid an embarrassing or contentious director reelection vote or other…
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