|
Executive Investigator Tracking and Analyzing Executive Salaries, Bonuses, and Perks
 Monday, January 26, 2009
From Daniel Lee of the Indianapolis Star: Former NiSource Chief Executive Gary Neale's total pay more than doubled after the Merrillville energy company inherited a valuable service contract with Hewitt Associates, which also advises NiSource's board on executive pay.
From 1996 to 2000, NiSource stock rose 32 percent, and Neale made $9.5 million.
Then in 2000, Hewitt picked up NiSource's benefits administration as part of a merger. In the next five years, the stock price fell 61 percent, but Neale's compensation was worth $21 million.
"In effect, the consultants are being asked to evaluate the worth of the executives who hire them and pay them millions of dollars," Rep. Henry Waxman, D-Calif., said in a December 2007 hearing. "Like the auditors who signed off on Enron's books, they have an inherent conflict of interest."
Get Executive Investigator Sent To Your Inbox!
Enter your Email address:
Select Delivery Schedule:
Also sign up for our weekly newsletter with more original content!
Subscriptions and Bookmarks
Navigation
On this page....
Archives
Search
Categories
| March, 2009 (7) |
| February, 2009 (11) |
| January, 2009 (17) |
| December, 2008 (4) |
| September, 2008 (13) |
| August, 2008 (17) |
| July, 2008 (22) |
| June, 2008 (22) |
| May, 2008 (21) |
| April, 2008 (15) |
| March, 2008 (16) |
| February, 2008 (18) |
| January, 2008 (22) |
| December, 2007 (10) |
| November, 2007 (6) |
| October, 2007 (22) |
| September, 2007 (4) |
| August, 2007 (11) |
| July, 2007 (8) |
| June, 2007 (11) |
| May, 2007 (12) |
| April, 2007 (16) |
| March, 2007 (21) |
| February, 2007 (13) |
| January, 2007 (18) |
| December, 2006 (10) |
| November, 2006 (15) |
| October, 2006 (1) |
| September, 2006 (4) |
| August, 2006 (1) |
Blogroll
About
© 2009, Accelerize New Media, Inc. (OTC-BB: ACLZ)
Senior Editor: Justin Kuepper
Executive Investigator reports on and analyzes Executive pay, perks and other compensation, and current news that relates to Executive Compensation.
The content in this blog may be republished or quoted without express permission as long as credit is given and a link provided to ExecutiveInvestigator.com
E-mail
|