Buffalo Business Daily
CEO Compensation Knowledge Base
What does working multiple jobs have to do with CEO compensation? What does working multiple jobs have to do with CEO compensation? What does adequately compensated mean and how does it relate to CEO compensation? The two are separate issues.
What are your thoughts on the levels of CEO compensation, and should they change? The CEO of a Standard & Poor's 500 company made on average $14.78 million in total compensation in 2006, according to a preliminary analysis by The Corporate Library. When the average worker is making less than 50,000 dollars, is this good for the employee's morale?
How do HR managers attempt fix the outrageous CEO compensation problem in publicly traded companies? Its a paper on how the HR department can fix this problem internally. Maybe have an HR rep serve on the board? What else?
What do you think of the provision limiting CEO compensation being removed from the stimulus? How is Obama going to explain that one? http://www.msnbc.msn.com/id/29119293
How can we Find and Hire a great CEO with equity compensation? Where should we look for a talented CEO for a great start up company who will work for equity compensation? How might this compensation plan be structured for immediate and future growth?
Should the government consider limits on CEO compensation? The Wall Street Journal reports Germany is currently considering such limits. Around 600k Do you think this is a good idea or should the market value control the numbers?
Why does the AFL-CIO CEO compensation web site fail to list what Union Bosses and leaders make? http://www.aflcio.org/corporatewatch/paywatch/ceou/industry.cfm Hey Parker - 1) I make 6 figures. May not get there this year due to the economy and lack of sales. But I will be close. 2) When the AFL-CIO is critical of CEO's, the bosses need to list what they make or they are hypocrites.
Are there any articles that you guys can recommend for research on CEO compensation & company annual growth? CEO compensation Company annual growth
How many want this BAILOUT to INCLUDE compensation to the CEO's? NOTE - I don't think they deserve a single dollar at all - please do not misread me. I wonder who thinks they do.
Charity CEO compensation? I checked out some of the pay for CEO's of some major charities and have realized that they are getting rich off of your donations, with the exception of Salvation Army. See website http://www.give.org/reports/index.asp
Why do have to limit compensation for Wall Street CEO ? Or lets put this other way....Why do we have to compensate this idiots after a crappy job ?
Should the public discussion of compensation extend beyond what corporate CEO's earn? Should that public discussion also include revealing what high paid government employees in federal, state, local, and school jobs earn? This question is not about controlling compensation, but about having a greater public access to information about what people actually earn. Taxpayers should know how much govenment employees are paid. Even people working in private corporations would benefit from less secrecy on compensation. The taboo against discussing salary is one of the things which allows women to be paid less for the same work.
Why do many large firms link compensation for their CEO to the share price of the firm? PLEASE HELP,I CAN'T DO THIS MANAGERIAL ECONOMICS QUESTION! THNX! :D
In 2005, the average CEO total compensation exceeded $6 million with the highest paid CEO receiving close to $ In 2005, the average CEO total compensation exceeded $6 million with the highest paid CEO receiving close to $250 million in total compensation. Do you agree with these compensation packages? Explain
What do you think about the corporate backlash against excessive compensation to Indian CEO's as seen on CNBC? CII & Assocham were aghast at the recent comments by Minister Salman Khursheed about putting a cap on CEO salaries as part of the ongoing austerity drive
How Will Conservative Oil Company Apologists Rationalize Exxon CEO's $24 Million Compensation in a bad economy? NEW YORK – Exxon Mobil Corp., which set annual profit records in each of the last two years, rewarded its chief executive with a 10 percent raise that brought his total compensation to $23.9 million in 2008, according to an Associated Press analysis of a regulatory filing. http://news.yahoo.com/s/ap/exxon_mobil_executive_compensation
Why don't we base ALL CEO compensation on job creation? Right now we offer CEO's incentives to cut jobs and cut benefits. If they do that - it means the stock goes up and the CEO gets rewarded. This works against the greater good. It gives CEO's incentives to pursue pursue business models that treat workers poorly. We should reverse this through regulation and make it imperative that every CEO pursue job creation....and better treatment for their workers. Why don't we force incentives into CEO pay......so, so it would be something like this: A base of $100,000 (enough to live on comfortably in most places). + the average of all salaries+benefits across their company + 1% of the salary for every job created - 1% of every job lost (but the CEO would make at least $50,000 no matter what) The corporation as an institution solely exists for the betterment of society. If it isn't serving the interest of the people, it should be regulated. If our primary source of jobs is working in a manner that hurts the workers, and tries to limit jobs.....it's not serving its purpose. Note, that I would NEVER support limiting what any PRIVATE INDIVIDUAL makes. A corporation is a PUBLIC GROUPING. A CEO is the head of that grouping, and should be subject to much more regulation because of that. There is a big difference here. This is not a person we are talking about.....it's a legal contract.
Is all the talk of CEO compensation a redirect of public anger over the very essence of what the bailout means? I oppose the bailout from dollar 1. I really don't care about the CEO's the best way to limit their pay is we just don't fund any bailout. The people that lost their homes from the very first reset were very likely taxpayers at the time. The irony of them paying taxes to fund the bailout of the people that foreclosed on their homes is not lost on me. Thats not to defend their poor choices when they signed their mortgages. I think they went down for being ignorant and so should the people that did make money off of their ignorance. They did close a loan and make payments. I do not think the majority of those folks simply moved in and paid nothing ever.
Why is Obama back tracking on CEO compensation? The White House wants to rewrite a provision in the massive economic-stimulus plan that caps executive salaries and bonuses at institutions receiving federal bailout money -- posing the possibility of an early showdown between President Obama and leaders of his own party on Capitol Hill. Although the president agreed that some limits in executive compensation were needed, the caps inserted into the $787 billion Democrat-crafted stimulus that Congress passed Friday are too restrictive and could be counterproductive, administration officials said on Sunday's political talk shows. http://www.washingtontimes.com/news/2009/feb/16/obama-seeking-to-ease-limits-on-executive-salaries/
Why are democrats for limiting excessive CEO compensation, is that the pot calling the kettle black? WASHINGTON -- Recently released financial records paint a contrasting picture of the Obama administration: a cabinet composed largely of politicians and government employees who have been on the public payroll for years, and a White House staffed with numerous aides who received substantial compensation over the past year from firms that could have a big stake in administration policies. Some of the overpaid people on Obama's team include: Well-paid White House staff include chief economic adviser Lawrence Summers. He earned about $5.2 million from hedge-fund firm D.E. Shaw & Co. in the past year, and received more than $2.7 million in speaking fees from financial firms and other groups. Other White House staff members received generous payments from the private sector, too. National-security adviser James Jones reported $900,000 in salary and bonus from the U.S. Chamber of Commerce, as well as director fees from a number of corporations, including $330,000 from Boeing Co. and $290,000 from Chevron Corp. His deputy, Tom Donilon, earned $3.9 million as a partner at the law firm O'Melveny & Myers LLP, where his clients included Citigroup Inc., Goldman Sachs Group Inc. and Obama fund-raiser and hotel heiress Penny Pritzker. Mr. Donilon was formerly a top official at government-backed mortgage finance company Fannie Mae, which has received large amounts of financial assistance from the U.S. government. Carol Browner, assistant to the president for energy and climate change, disclosed $450,000 in "member distribution" income, plus retirement and other benefits, from The Albright Group, a consulting firm whose principals include former Secretary of State Madeleine Albright. Ms. Browner's financial disclosure indicates that she has resigned from the firm and will receive a $369,000 payout over three years, based on a longstanding company formula. See the news at: http://online.wsj.com/article/SB123897383937190973.html
What will Rick Wagner (the former CEO of GM) get for compensation for stepping down (if any)? It trouble me to see tax payer money go to the auto industry and banks, but I guess it's a necessary evil. I don't think Wagner will be hurting by stepping down but I wanted to know if he will be compensated by stock options or other monies. Just saw on the news that he will not get severance pay, but he will get a pension worth about $23 million. Very nice...
Do you think CEO'S deserve the high compensation that they receive? The article that I either have to agree or disagree with says they do because they have unique talents. Do you agree or disagree and why? the article is "Chief Executives are Underpaid" by Sal Marino
Why is it a ceo can walk off with $87 million and call it compensation when they have bankrupted the company.? Thats fraud right . Thats taking money that does not rightfully belong to you . Just because you can sell something does not mean you should . I think I am alone in this respect and view . Sometimes the buyer needs to beware but criminals have gotten so good at plying their trade that many people are just not knowledgeable enough . Who can afford a lawyer to read over everything you sign .
Bank of America Executives compensation? I want to know if the Bank of America's CEO's compensation packages are based on performance? This is a question in my business finance class.
Does salary compensation sometimes seem too much for CEOs and top executives? There are many stories about how CEOs are getting big bonuses and high compensation. Some say it is greed and irresponsible during this recession. What is your opinion about CEOs getting big bonuses and high amounts of compensation? If you feel bonuses and high compensation fosters greed what type of equation should be used in determining salary compensation? Provide your insight to this topic. Thank you for your time and answers.
If you favor limits on the compensation of Ceos of public companies, how would you go about doing that? This is not an easy question. New York - Lloyd Blankfein, chairman of Goldman Sachs, made $73.7 million last year. James "Jamie" Dimon, chairman of J.P. Morgan Chase, had to make do with $57.2 million, reported Forbes magazine Would you consider a base salary to which merit bonus could be added? How would you set the cap to the total compensation. Should bonuses be every 3 years instead of yearly, to discourage manipulation of sales and/or revenues/or expenses? should the share holders vote on the parts as well as the total compensation.
Why CEO get compensations while companies suffer? Lawmakers confronted corporate executives Friday about how they managed to take home hundreds of millions of dollars in compensation while their companies were taking a financial nosedive from the subprime mortgage crisis. http://answers.yahoo.com/question/;_ylt=As7Bhf_uaEv32KYcXauYsyXpy6IX;_ylv=3?link=ask&title=Why+CEO+get+compensations+while+companies+suffer+such+as+the+mortgage+crisis%3F&x=28&y=11
Why are the levels of compensation and severance CEOs receive today fair? Chuck Prince, Stan O'Neill, Jim Cayne.
I am interested to hear whether you think CEO's of major corporations deserve their pay? I am interested to hear whether you think CEO's of major corporations deserve their pay. The United States tends to pay their CEO's very very well. It is only recently that European Countries are starting to offer such generous packages as well. In addition to stating your feelings on whether these compensation packages are reasonable, I would like you to please post the salary of a CEO and your source. Feel free to discuss your personal feelings on bonuses as well.
Wouldn't it be nice to make $900,000 a year being the CEO of a company that just failed? And that's a 25% pay cut from the previous CEO's salary! Nice that we're all in this crunch because of this failed company, but he can make that much... Any thoughts? What do you believe the candidates think about this ridiculous salary for a company that was bailed out? http://www.usatoday.com/money/companies/management/2008-09-23-freddie-mac-ceo-compensation_N.htm
Why is Barack Obama's salary so much lower than a regular CEO? The president does so much more than a CEO. A CEO only takes care of one company. Obama has the whole country, the war, matters in Congress, and yet he still needs to listen to his people at the same time and countless more things. This past year Obama got $400,000 and a CEO in 2008 got 10.9 million in compensation.
How to solve the argument on Ceo pay.? One easy way is to have representation on the compensation comitte by all levels within the company. I believe most people realize that a Ceo takes on a huge responsibility in running a company. At the same time I think someone earning less than twenty thousand a year is not likely to give the Ceo a huge bonus for cutting jobs to save money.
Are Malaysian Chief Exevutives Officers (CEOs) compensation justified by the performance of the companies.? Data needed on CEOs compensation and company performance on the selected Malaysian owned companies ( 4 consecutive years) Performance-Linked Compensation (“PLC”) in Malaysian owned companies
Why should government interfere with CEO pay? When looking at Ceo pay we see some making over 500 times what the average worker in their company earns. A large percentage of this compensation is in stock options. Companies give executive so many shares per year at a discounted price. Would it be a better practice to make these executive buy so many shares per year at market value? Does tying their compenstion to the stock value make it more likely for fraud or the entry into risky business ventures to increase stock value thus increasing their compensation?
When you hear the term "Executive Compensation" what do you think of? Need help writing a paper. What are some things that you associate with Executive Compensation. Ex. could high CEO salaries and bonuses. Or you could bring up issues that the general public might have with Executive Compensation.
How much do auto workers at the US plants of Honda and Toyota make an hour/ per year? With the big 3 in trouble and congress asking for concessions I'm looking to understand how much the Japanese auto makers pay workers in the US. How much could a person working on the line expect to make an hour or with over time how much they make a year? If you know anything about CEO compensation that would be nice too.
Are people being fooled by the faux outrage that the Congress is displaying? The Congress passed the bailout legislation and all of the other government handouts. The legislators could have easily placed stipulations in the handout packages to reduce CEO compensation and awards, but they did not. How can anyone take the faux outrage being displayed by the Congressmen seriously? Is the current grandstanding nothing more than a Kabuki show?
Why not put more attention on punishing the CEO's who made this financial mess a reality? They participated in reckless casion capitalism for years ever since Phil Gramm was successful in his quest to deregualate Wall Street. One of the biggest deregulation mistakes is when the Glass-Steagall Act was repealed. This act separated traditional banks from investment banks. And finally, according to Nader, the most important thing of all should be done in this situation: "Cap executive compensation and stop giving the Wall Street gamblers golden parachutes. The CEOs who have created the financial disaster should not be allowed to leave with millions in hand when so many pensioners and small shareholders are seeing their investments evaporate. The taxpayers are bailing out Wall Street so that the financial system continues to function, not to further enrich the CEOs and executives who created this mess." For more information, here is the complete article if you really want to know exactly how we got in this mess. It's definitely worth a read. And it explains the greed... http://www.nader.org/index.php?/archives/2062-Congressional-Backbone-Needed.html typo- casino capitalism
CEO Richard D Fairbank of Capital One Financial made $249.42 million dollars in 2006. Are these men worth it? HOME BUSINESS TECHNOLOGY MARKETS ENTREPRENEURS WORK PERSONAL FINANCE LIFESTYLE LISTS OPINIONS Home > Lists > CEO Pay > Sort the List CEO Compensation Page 1 Page 2 Page 3 Page 4 Page 5 Page 6 Page 7 Page 8 Page 9 Page 10 Page 11 Page 12 Page 13 Page 14 Page 15 Page 16 Page 17 Page 18 Page 19 Page 20 Rank Name Company Pay ($mil) 5-Yr Pay ($mil) Shares Owned ($mil) Age Efficiency 1 Richard D Fairbank Capital One Financial 249.42 448.58 187.5 55 167 2 Terry S Semel Yahoo 230.555 258.292 61.1 63 NA 3 Henry R Silverman Cendant 139.96 279.21 159.1 65 178 4 Bruce Karatz KB Home 135.53 227.37 124.7 60 124 5 Richard S Fuld Jr Lehman Bros Holdings 122.67 375.81 642.2 60 117 6 Ray R Irani Occidental Petroleum 80.73 198.44 38.6 71 102 7 Lawrence J Ellison Oracle 75.33 868.93 16,702.4 61 175 8 John W Thompson Symantec 71.84 131.65 25.1 57 33 9 Edwin M Crawford Caremark Rx 69.66 161.85 3.9 57 39 10 Angelo R Mozilo Countrywide Financial 68.955 160.14 46.3 67 68 11 John T Chambers Cisco Systems 62.99 103.44 70.5 56 176 12 R Chad Dreier Ryland Group 56.47 150.22 33.2 58 45 13 Lew Frankfort Coach 55.99 208.34 148.9 60 NA 14 Ara K Hovnanian Hovnanian Enterprises 47.83 89.04 260.9 48 22 15 John G Drosdick Sunoco 46.19 93.52 28.3 62 NA 16 Robert I Toll Toll Brothers 41.31 134.70 674.7 65 115 17 Robert J Ulrich Target 39.635 104.56 52.4 63 154 18 Kevin B Rollins Dell 39.315 NA 0.5 53 NA 19 Clarence P Cazalot Jr Marathon Oil 37.48 52.68 25.8 55 NA 20 David C Novak Yum Brands 37.42 81.75 30.5 53 92 21 Mark G Papa EOG Resources 36.54 51.70 54.0 59 23 22 Henri A Termeer Genzyme 36.38 83.62 43.8 60 71 23 Richard C Adkerson Freeport Copper 35.41 73.203 30.0 59 NA 24 Kevin W Sharer Amgen 34.49 75.56 9.2 58 NA 25 Jay Sugarman IStar Financial 32.935 132.26 110.6 43 99 Page 1 Page 2 Page 3 Page 4 Page 5 Page 6 Page 7 Page 8 Page 9 Page 10 Page 11 Page 12 Page 13 Page 14 Page 15 Page 16 Page 17 Page 18 Page 19 Page 20 Methodology: Compensation rank is based on total compensation for latest fiscal year. Total compensation for each chief executive includes the following: salary and bonuses; other compensation, such as vested restricted stock grants, LTIP payouts and perks; and stock gains, the value realized by exercising stock options. Efficiency rank is based on our chief executive's performance/pay score. Ranks are given only to chief executives who have a six-year tenure and six-year compensation history. The most efficient rank is 1 and least efficient is 189. Compensation rank is based on total compensation for latest fiscal year. Footnotes: Total returns and value of stock owned (including all classes) is based on Mar. 30, 2006 stock price. Compensation percent change is based on combined salary and bonus. Annualized total return during tenure covers the tenure of the executive or from the time of the IPO or available stock history. Relative to market is the ending value of $100 invested in the stock, divided by the ending value of $1 invested in the S&P 500 (a score of 100 = the S&P 500). NA: Not available or not applicable. NM: Not meaningful. 1Annualized. 2Four-year total. 3Three-year total. 4Less than 0.01%. 5Prior-year data. 6New chief executive; compensation may be for another executive office. 7Less than $100,000. 8Received options or restricted stock in lieu of portion of salary. 9Received options or restricted stock in lieu of portion of bonus. 10Includes shares indirectly held. Sources: Latest available company proxy statements; FT Interactive Data via FactSet Research Systems; Hemscott, Inc.(www.hemscottdata.com) A D V E R T I S E M E N T
Are CEO's just not down with the mainstream American? By VINNEE TONG, AP Business Writer Vinnee Tong, Ap Business Writer – Fri May 1, 12:07 am ET NEW YORK – U.S. companies remain generous with the perks they give to CEOs, including some that are unfathomable to the average American worker: chauffeured cars, bodyguards, club memberships and free travel in company jets. The median value of these and similar perks rose nearly 7 percent in 2008, according to an Associated Press analysis of regulatory filings from 309 companies in the Standard & Poor's 500. The increase came even as overall CEO compensation fell 7 percent to $7.6 million. Perks rose despite a public backlash against such benefits, which many investors and lawmakers deem excessive. They argue well-paid executives should cover the costs of life insurance, charitable donations and financial planning themselves, especially as companies struggle with falling profits, slumping stock prices and massive job cuts. Even some compensation consultants are saying enough is enough. "Those are things the average person, the average Joe, doesn't have, so we're saying, don't give them perks," said Paul Dorf, a managing director at pay consultant Compensation Resources Inc. But plenty of companies are keeping the spigots open. Occidental Petroleum CEO Ray Irani, for example, received $400,000 worth of financial planning, part of a $30 million pay package in 2008. To put it another way, that $400,000 in financial planning is more than the total annual household income of the vast majority of Americans. Occidental spokesman Richard Kline said the comprehensive financial planning helps Irani to "keep his complete attention on the company's business." The median value of perks — which is the midpoint at which half of the executives received more and half less — was $170,501 in 2008, up from $159,586 the year before. Only three CEOs in the AP survey received no perks in 2008. And perks made up a bigger percentage of total compensation, rising to 2.25 percent in 2008, up slightly from 1.95 percent, the AP's analysis found. The biggest earner of perks in 2008 was Johnson & Johnson CEO William Weldon. His perks package was worth $3.9 million, about 16 percent of his $23 million in overall compensation. Included in his perks package was a $3.6 million payment to a retirement plan, about $154,000 in personal flights on the company jet and about $26,000 for a car and driver. Only one CEO saw his entire compensation paid in perks in 2008: Richard Fairbank of Capital One Financial Corp. ($68,344). He received a car allowance, insurance, health care and home security. Some companies went beyond that. Cablevision Systems Corp. offered top executives free cable TV, free high-speed Internet service and use of the company travel department to book personal travel. Defense company Halliburton Co., meanwhile, has two separate programs to match charitable donations and yet another that boosts political giving. Fort Worth, Texas-based XTO Energy gave $3.4 million to Baylor University to help build a new sports complex. It was the second installment of a total $6.8 million pledge made in 2007 to supplement now retired CEO Bob Simpson's own $3.2 million donation to his alma mater. XTO's generosity extended to an unnamed school that Simpson's children attend. It got a $775,000 donation in 2008, the fourth installment of a $3.1 million gift. A company spokesman did not return a call for comment. On the other hand, some companies are increasingly using so-called perk allowances, basically cash that executives can dip into at their liking for the perks they want. For example, Tyco International CEO Edward Breen was given a $70,000 cash perk in 2008 while Reynolds American Inc. CEO Susan Ivey got $29,000 in cash to replace an old executive perks program. While plenty of companies were still willing to dole out generous perks, compensation advisers say there has been a slight pullback in certain benefits that seem to incite the most public outrage. Ira Kay, director of compensation consulting for Watson Wyatt, called perks a major "irritant" to shareholders. Some companies are changing their perks policies. Verizon Communications Inc. will no longer offer free jet travel to CEOs once they have retired, starting with its current chief executive. Past CEOs can still fly for free. "Companies are looking for stuff that isn't central to their pay programs," said David Swinford, chief executive of the compensation consulting firm Pearl Meyer & Partners. "Optics are very critical right now."
How can executive compensation conflict with the goal of maximising shareholder wealth? I know there is big debate at the moment about CEOs etc running firms into the ground, screwing the shareholders and leaving with millions in their pocket. How does this conflict of interest come about? is it the way compensation/bonus packages are structured? regards
Obama caps salaries. Is this the beginning of salary control for everyone? Everyone is complaining about how much the bankers and other CEO's make. So once we cap CEO compensation on corporations, will they start capping salaries for - Janitors - Admin assistants - Middle Managers - Sales reps - Sports figures - Hollywood - Etc. Or are they just going to go after the CEO's? If they cap one salary, shouldn't we put wage controls in for everyone? Barney Frank wants to put caps on everyone's pay. Even though the rakes in million.
Should Merril Lynch CEO get a10 MILLION BUCK bonus he wants? The company's compensation committee is resisting it but the CEO is demanding it since he participated in the B of A merger that kept the company alive. The companies competitors and their CEO's have agreed not to give or accept these large bonus this year.
What do employee compensation packages look like for a start-up biotech company? Hi all, I own a biotech company that is looking to move into the next phase. I need more information/resources where I can get information on employee compensation plans. If I hire a CEO, what % of the company typically does he get? Same with the CFO/advisory board. I'm looking for an overview of the industry so I have some sort of point to start from. Thanks so much for your help!
Should Congress be looking into CEO pay? Do politicians even understand the term "deferred compensation"? If there is a breakdown between company performance and CEO compensation, it is up to those WHO OWN THE COMPANY to hold them accountable. In other words, it is the shareholders sole responsibility to control their own company. Congress has no place in the discussion. Are these politicians, as usual, simply pandering to their ignorant and wealth envious constituents? Maybe after this they can continue looking into the Roger Clemens case. http://news.yahoo.com/s/ap/20080307/ap_on_bi_ge/mortgage_crisis_ceos BTW, anyone who thinks that it is the business of Congress to look into such things should really take a crash course on what freedom means.
Will this answer sweet YA Mel's question about CEO pay that I posted earlier? CEO Compensation http://www.forbes.com/lists/2006/12/Rank_1.html?partner=aol 1 Richard D Fairbank Capital One Financial 448.58 Million (5 year salary) 5 Richard S Fuld Jr Lehman Bros Holdings $375.81 Million (5 year salary) $642.2 Million (compensation) 7 Lawrence J Ellison Oracle $868.93 Million (5 year salary) 16.702 BILLION (compensation) These are the types of people who now need $700 Billion ??? Richard S Fuld has driven Lehman Brothers into bankruptcy while being paid hundreds of millions. How many "jobs" has Fuld personally created with his salary (2 maids, butler, driver, persoanl secretary) Wow! That sure is creating a lot of jobs with his income. Mel (below) You asked an honest question which has served to enlighten us all. Thanks for asking.
Do These Health Care CEO's Pay Seem Reasonable To You Conservatives? Are these the numbers that make you want to try and tell the rest of us we should trust these people to do the right thing, that they have our interests above their own? http://blogs.webmd.com/mad-about-medicine/2007/08/ceo-compensation-who-said-healthcare-is.html Which dems are saying that we want socialized medicine? NONE, please quit using those same old tired, paid for. Frank Luntz talking points. America deserves better than that... no matter how many of you conservatives claim otherwise.
A Bank of America CEO made the statement Wall Street executives are way too overpaid.? He announced they need to cut back pay and compensation in that industry. What are your thoughts?
Are the Republicans right when it comes to health care reform? That the feds should continue to give $170 billion in govt. subsidies to health insurance companies on an annual basis, support some of the highest CEO compensation in any US industry, and continue to support the billions in annual profits ($18 billion in 2008) that these corporations earn on an annual basis, while screwing over the middle class consumer in the process?
Why do people think paying a CEO $120 million dollars will help America? Do people think that they are investing it back into creating jobs or just making themselves more money? If their taxes go to the 50% level won’t they still have $60 million compensation for a job well done?
Why not go a step further and slash CEO pay of ALL corporations? The gap between the executive compensation and compensation of your average employee has widened dramatically over the years. Is it time to narrow that gap? No one should sit on their behind all day or fly in a corporate jet and make 30 mil a year, that is just plain and simple GREED. Fcuk all CEO pigs.
Why are foreign CEO's paid less then ones in America? Like CEO's in Japan who cut their bonuses and such. Why is he difference in compensation so great between the two?
Why have CEO's been allowed to loot the profits and in some cases just outright steal them . ? These massive salaries and compensation packages amount to hundreds of billions of dollars over the course of just a few years . Has this caused the current economic climate and if so why has the current administration ignored the problem .
Do you think the Swedish approach to Wall Street problems would work in the US? They had a similar problem which returned the tax payers money in a very short time mainly by exchanging bailout money for shares/equity and penalizing shareholders for their greed unlike the Reps alternate plan yesterday to lower or eliminate corporate tax, remove CEO compensation limit and not protect the taxpayer or individual consumer. Article: http://www.nytimes.com/2008/09/23/busine...
Are CEO's just not down with the mainstream American? By VINNEE TONG, AP Business Writer Vinnee Tong, Ap Business Writer – Fri May 1, 12:07 am ET NEW YORK – U.S. companies remain generous with the perks they give to CEOs, including some that are unfathomable to the average American worker: chauffeured cars, bodyguards, club memberships and free travel in company jets. The median value of these and similar perks rose nearly 7 percent in 2008, according to an Associated Press analysis of regulatory filings from 309 companies in the Standard & Poor's 500. The increase came even as overall CEO compensation fell 7 percent to $7.6 million. Perks rose despite a public backlash against such benefits, which many investors and lawmakers deem excessive. They argue well-paid executives should cover the costs of life insurance, charitable donations and financial planning themselves, especially as companies struggle with falling profits, slumping stock prices and massive job cuts. Even some compensation consultants are saying enough is enough. "Those are things the average person, the average Joe, doesn't have, so we're saying, don't give them perks," said Paul Dorf, a managing director at pay consultant Compensation Resources Inc. But plenty of companies are keeping the spigots open. Occidental Petroleum CEO Ray Irani, for example, received $400,000 worth of financial planning, part of a $30 million pay package in 2008. To put it another way, that $400,000 in financial planning is more than the total annual household income of the vast majority of Americans. Occidental spokesman Richard Kline said the comprehensive financial planning helps Irani to "keep his complete attention on the company's business." The median value of perks — which is the midpoint at which half of the executives received more and half less — was $170,501 in 2008, up from $159,586 the year before. Only three CEOs in the AP survey received no perks in 2008. And perks made up a bigger percentage of total compensation, rising to 2.25 percent in 2008, up slightly from 1.95 percent, the AP's analysis found. The biggest earner of perks in 2008 was Johnson & Johnson CEO William Weldon. His perks package was worth $3.9 million, about 16 percent of his $23 million in overall compensation. Included in his perks package was a $3.6 million payment to a retirement plan, about $154,000 in personal flights on the company jet and about $26,000 for a car and driver. Only one CEO saw his entire compensation paid in perks in 2008: Richard Fairbank of Capital One Financial Corp. ($68,344). He received a car allowance, insurance, health care and home security. Some companies went beyond that. Cablevision Systems Corp. offered top executives free cable TV, free high-speed Internet service and use of the company travel department to book personal travel. Defense company Halliburton Co., meanwhile, has two separate programs to match charitable donations and yet another that boosts political giving. Fort Worth, Texas-based XTO Energy gave $3.4 million to Baylor University to help build a new sports complex. It was the second installment of a total $6.8 million pledge made in 2007 to supplement now retired CEO Bob Simpson's own $3.2 million donation to his alma mater. XTO's generosity extended to an unnamed school that Simpson's children attend. It got a $775,000 donation in 2008, the fourth installment of a $3.1 million gift. A
Why do people think paying a CEO $120 million dollars will help America? Do people think that they are investing it back into creating jobs or just making themselves more money? If their taxes go to the 50% level won’t they still have $60 million compensation for a job well done?
I want to get my MBA, should my UG Degree be in accounting or finance. This is for max compensation.? I am currently a Assistant VP of a sales company, but want to translate my management experience into a executive job. Should I get my bachelors in finance or accounting if I plan on also getting my MBA? I would like to be and analyst or controller. My ultimate goal is to end up in a CFO (or possibly a CEO) seat one day.
What should we do about executive compensation in corporate America? Now that we the people with or without...? our consent have bought into some major corporations, what do we do? It's obvious the old ways of outrageous compensation, don't work. Remember, most of the CEO's of these corporations have been appointed, they didn't build the corporation from the bottom up. They are nothing more than overseers, caretakers in a line of caretakers. With that said, I also don't think the government should be micro-managing these companies. I suggest we let the shareholders decide what their CEO's should earn. One vote per shareholder regardless of the amount of shares held. CEO's appoint their boards, do we really want to continue to have these boards decide the CEO's compensation? Other suggestions are welcome, that's mine. What say you? I do not care for the incentive part. It creates to much manipulation in the system to create artificial numbers. All this lending by the banks is a perfect example. They lent this money knowing much of it was bad loans, but they also knew it would make the company's numbers and their own leadership look good for those biggers bonuses...until the whole house of cards collapesed. I must admit. I am not shocked by the lack of answers.
Now that many companies from a variety of industries are lobbying for govt. bailout money, why don't we? demand that any takers must reduce ceo compensation, luxurious trips and expenditures as well as other extravagant expenses. If they want govt money (really taxpayer money, since the govt. has no money all its own. It just takes ours and calls it govt. money) they must play by our rules. Want to play by your own rules, don't seek our money to bail you out.
What's the difference between stock and stock options? Much of CEO pay has taken the form of stock options rather than grants of stock.Which form of compensation gives the CEO greater incentive to increase shareholder value: one million dollars in stock or one million dollars worth of stock options?
Agree or disagree: the Boards of Directors of newly nationalized companies should get to decide CEO bonuses? "...it should be up to the board of directors of a private corporation to set the compensation of an executive. It shouldn’t be Congress’ role." - Sen. Richard Shelby, R-Ala., Sept. 21, 2008 http://www.cqpolitics.com/wmspage.cfm?parm1=5&docID=news-000002956704
How do you think Exxon CEO's pension effects gas prices? On April 16, 2006 The Associated Press reported...... A $69.7 million compensation package and $98 million pension payout to Exxon Mobil Corp.'s former chief executive and chairman Lee R. Raymond. Exxon also reported executive compensation in a regulatory filing that showed Raymond receiving $48.5 million in salary, bonuses, incentive payments and stock awards. His $98 million pension payout reflects 43 years of service. But he would have received nearly $17 million less had he retired just last year, according to the company's 2005 proxy statement.
If we are nit pickin' on the porkalitious bill and useless political payback grants,? What does the compensation of CEO's have to do with anything? Hundreds of billions of dollars of Pork. Obama doesn't want us nit pickin' on the bill, but felt the need to put a toothless measure that won't prevent any CEO from getting whatever compensation their contracts call for. There are no penalties for not following this silly provision.
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