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Executive Investigator
Tracking and Analyzing Executive Salaries, Bonuses, and Perks
 Friday, July 06, 2007
Executive compensation has been a hot-button issue this year after Home Depot and Pfizer CEOs left their companies with multi-million dollar golden parachutes amid declining stock prices. Despite this spotlight, however, little has actually been accomplished in the way of curbing executive compensation. Shareholder proposals during the last proxy seasons were marginal at best, with only three major companies adopting the nonbinding shareholder vote on executive pay. The majority of the proposals were shot down by majority holders that included larger institutions and mutual funds. Meanwhile, the actual numbers continue to astound as CEOs stand to make 179 times what the average worker makes and around 2.5 times as much as the average executive at their company. So, what can be done to reign in these figures? Well, without at least a nonbinding vote it may take more instances like Home Depot and Pfizer to finally convince institutional investors that there is a problem.

Friday, July 06, 2007 6:20:56 PM UTC  #    Comments [0]  |  Trackback
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