Disclosures about directors’ skills and expertise are increasingly coming under the microscope as investors ramp up calls to link board members’ skills with company needs and strategy and activists use the universal proxy to seize upon alleged deficiencies in boardroom competence. Now, new research could add fuel to the fire. A recent study suggests that…
On Jan. 1, several of the nation’s biggest companies — including Morgan Stanley, Kraft Heinz, Sherwin Williams and Costco — welcomed new CEOs. In all, new chiefs took over at a dozen S&P 500 companies on New Year’s Day, according to data from public company intelligence provider MyLogIQ. A handful of new CEOs will start…
Large companies have seen significant board turnover in the past several months, capping off a year of increased focus from stakeholders on individual directors’ skill sets and board refreshment. Companies also appointed a large number of directors with government connections. Some 80% of S&P 500 directors currently say they have government and/or regulatory relations experience,…
Shareholder proposals calling for splitting up the CEO and chair roles soared this past proxy season, as corporate governance proponents pushed their long-standing arguments that dual roles are bad for both working efficiency and corporate oversight. Of the 79 proposals that went to a vote this past season, 41 came from Chevedden, ICS said. Among…
Chief executive officers at the top 15 public real estate investment trusts all earned upward of $4 million last year, with the largest firm’s CEO inching toward a annual compensation total of nearly $50 million last year. …Data from public company intelligence provider MyLogIQ showed Prologis CEO Hamid Moghadam taking the cake with total pay…
“We’re fed up with falling behind,” declared Shawn Fain, the boss of America’s United Auto Workers (UAW), last month after the union began a campaign of intermittent strikes at Ford, General Motors (GM) and Stellantis, America’s “big three” carmakers. A month in and the two sides are still at loggerheads. Jim Farley, Ford’s chief executive,…
The SEC has revisited its pay-versus-performance disclosure rule with a fresh batch of question-and-answer guidance about various technical aspects of the one-year old rule. The guidance, in the form of nine compliance and disclosure interpretations (CD&Is), generally addresses how companies should treat valuation issues and metrics for the purposes of calculating figures in the disclosure…
United Auto Workers President Shawn Fain has criticized the Big Three automakers for the raises given to their CEOs in the past few years, saying wage gains for rank-and-file employees haven’t kept pace. By one measure—the ratio of the CEO’s pay to the median worker’s—automakers have a wider pay gap than most large companies. And…
From fiery speeches on union picket lines to pointed shareholder resolutions, criticism of CEO pay packages has taken on new urgency in 2023, even as the gap between the salaries at the top and bottom of the corporate ladder has continued to grow. How outlandish have CEO salaries gotten? Can they ever be reined in?…
Money can, in fact, buy happiness: A much publicized 2010 study found that employees needed to earn $75,000 per year to feel fulfilled, and that each additional dollar above that wouldn’t make a difference. But according to more recent research from Matthew Killingsworth, a senior fellow at the University of Pennsylvania, there is no such…
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