With so much attention being paid to how much executives are making these days, and the government taking unprecedented steps to control what it deems outlandish or unwarranted compensation, a recent posting at CNNMoney.com is quite interesting. The post outlines the ten highest paid executive officers. Here are the top five, including how much the person earned in 2008.
Executive compensation, previously the domain of boards and shareholders, is now under greater governmental control. Yesterday, the U.S. government announced aggressive regulations on executive compensation at banks and Wall Street firms.
There is more chatter about executive pay and bonuses today, as AIG’s pay culture is back in the news due to today’s hearing on Capitol Hill.
The House Committee on Oversight and Reform has convened today’s hearing in response to a government audit that was released on Wednesday.
At the New York Times blog Deal Book yesterday, Lucian Bebchuck and Holger Spamann discuss one of the hottest topics in corporate governance over the last 24 months: executive compensation.
Important Monday morning links from the world of GRC, including a study that describes how “better” corporate governance may have actually made banks riskier.
As we wind down another week, some informative links discussing the risks of bonus guarantees and a few different perspectives on business ethics.
In the latest edition of the GRC Blog Roundup, CCI links to interesting blog posts regarding PwC’s strategy in getting involved with Satyam, why we think it’s okay to cheat and steal from time to time, thoughts on executive pay, and interesting developments regarding how the Internet is changing the proxy process.
A recently conducted report by KPMG on corporate governance in India found that a vast majority of Indian firms believe that CEO pay and company performance should be linked.
by John Russell — Managing Editor of Ethical Corporation
Public outrage at the rewards given to failed bosses could soon force boards to change the way executives are paid. Support is growing among shareholders for measures to stop bonus payments to directors who have driven their companies to the edge. Bonus clawback provisions are a way to do this.
In the biggest multi-party indictment of individuals yet under the FCPA, six more former executives of Control Components Inc. (CC1), were charged with conspiring to win contracts by bribing officials at foreign state-owned companies.
