PeopleSoft Tying Pay to Performance
The large vendor of workforce management software had been under pressure to change its pay practices from the California Public Employees' Retirement System, among other stockholders. The institutional investor advisory firm of Glass, Lewis & Co. had given PeopleSoft a "D" grade for its pay practices.
According to TheStreet.com, PeopleSoft also will not give execs a raise this year. Most of the pay of top management such as CEO Craig Conway will come in the form of special stock grants and other pay beyond base pay.