A new report suggests that corporate boards of directors are becoming increasingly wary of so-called ‘golden parachute,' that is, change in control severance agreements.
For a company paying the federal minimum wage of $7.25 an hour (about $15,000 a year for a full-time worker), what if the total compensation for the CEO was capped at 100 times that? That means a CEO's annual income would be about $1.5 million. As pay goes, that's not peanuts. But it also is a far cry from packages that have ballooned for many execs into the tens and hundreds of millions of dollars. Read More
Aon spokesman David Prosperi declined to comment when asked whether the company would ease holding requirements on senior executives who must maintain certain percentages of Aon stock.
The investment company's total pay figures, disclosed in a proxy statement filed yesterday with the Securities and Exchange Commission, include both cash compensation and stock awards.
In the wake of shifts at the top for Apple, IBM and Hewlett-Packard, heirs in the pipeline can mean a stable transition both financially and in the workplace. Read More
HR consultants offer their thoughts on the best—and worst—practices when it comes to succession planning.
According to the filing, C.J. Fraleigh will continue to receive a pro-rated amount of his most recent annual base salary of $597,000 through his termination date of Jan. 13, 2012. He also will receive severance of $2 million over 21 months, which is the equivalent of his annual salary plus 75 percent of his bonus target for fiscal 2012 ending June 30.Read More
To keep pace with developments in wage-and-hour law, several law firms have launched blogs on the topic, with attorneys writing about the latest cases and trends.Read More
American International Group Inc. CEO Benmosche’s reported threat to quit last week—and subsequent pledge to continue his work at AIG—set the stage for a battle over pay curbs, while underscoring the enormous challenges AIG still faces.Read More