…“I can’t see any good reason to exclude that from an assessment of the group’s performance except to ring-fence his bonus,” said Paul Hodgson, a researcher at GMI Ratings, a corporate governance consulting firm based in New York. “It seems somewhat disingenuous to exclude potential catastrophic losses from anything Smith Barney might have done from [...]
Tag Archives | bonus
Bloomberg: Pandit’s Censured Bonus Unhurt by Smith Barney Writedown
September 17, 2012 in GMI In the News
NBCNews Exclusive: Chesapeake Board Changes Could Trigger Bonus Windfall for Many
July 17, 2012 in GMI In the News
Chesapeake Energy Corp often boasts that it’s one of America’s best workplaces, offering its 13,500 employees such benefits as Botox injections, NBA tickets and a fitness center with an Olympic-sized pool and a rock-climbing wall. What the company hasn’t disclosed is perhaps the most extraordinary perk of all: A group of about 1,600 employees is [...]
CNBC: Bank Bonuses to Blame?
July 13, 2012 in GMI In the News
… That clawback got us thinking of money, specifically, whether or not the Wall Street bonus system is responsible for these huge bets and often huge losses. Joining us now to discuss this are Donald Delves, President of the Delves Group and Paul Hodgson, Senior Analyst at GMI Ratings….. …Paul, do you think that compensation [...]
May 14, 2012: Forbes
May 14, 2012 in GMI In the News
May 14, 2012: Shares on Sale at J.C. Penney: 100% off Marked Price (Forbes)
Small Print
March 9, 2012 in Small Print
By Paul Hodgson – CCO and Senior Research Associate Another doc for the “Rewarded for Doing Their Job” file Events Analyst Dovid Muyderman found this bonus award in a February 27th 8-K from Medicines Company. Keep reading, it’s in the second paragraph. Medicines Company (The) (MDCO) On February 21, 2012, the Compensation Committee of the [...]
Governance Concerns at Discovery Communications
May 3, 2010 in Corporate Governance
Although Discovery Communications eliminated CEO David M. Zaslav’s guaranteed bonus for 2009 (a slight governance improvement), significant concerns remain. The dual class structure, classified board, and poison pill combine with charter and bylaw provisions that make it difficult or impossible for shareholders to achieve control. Additionally, media mogul John C. Malone, beneficial owner of more [...]
Most Un-challenging Performance Targets of the Year Award Goes To…
April 21, 2010 in CEO Pay
UPS! It’s probably not the worst, but my colleague Hoang Nguyen just came across it and we could not resist. And, you know, UPS’s compensation remains a low concern because having not met most of their targets, most of their incentives did not pay out. As it should be. Now, we know that the annual [...]
Small Print
April 2, 2010 in Small Print
We've taken a break from Small Print for a couple weeks, but it's back! Here are more weird, funny, even disturbing bits of information from SEC filings, courtesy of our workhorse data team. Free Food for Lucky Cats Found in P.F. Chang’s 2010 proxy by Compensation Analyst Peter Hyson, both directors and executives at the [...]
Shorter and shorter term bonuses
March 19, 2010 in Executive Pay
A recent Wall Street Journal article by Joann Lublin documents the rise of the semiannual bonus, giving executives “two bites at their bonus apples.” Some of these are new, some are older, but, as Joann says, they help “retain key players by dangling the carrot of two targets a year, while giving boards a chance [...]
No bonus? Where would we be without our pension?
March 5, 2010 in CEO Pay
It struck me at some point during last year’s proxy season that the little column in the Summary Compensation Table that showed the increase in the value of executives’ pensions or non-qualified deferred compensation (NQDC, think of that as a super-sized 401(k)) was showing some remarkably huge figures, particularly given the state of the economy. [...]
CEO of Goldman Sachs Lloyd Blankfein at the CII Spring Meeting
April 20, 2009 in CEO Pay
Speaking at the Council of Institutional Investors’ Spring Meeting, Lloyd Blankfein, the CEO of Goldman Sachs, acknowledged that compensation problems played a role in the recent financial crisis. Not quite Saul on the Road to Damascus, but it’s a start. Still, the solutions he had to offer – while they might bring some welcome reforms – [...]