RSS feedexecutive pay
’[SFTW] The ship is easier to salvage than the supermarket
Two solid FTSE stocks, covered by a total of more than 50 analysts, fell by 15% in a day during the first couple of weeks of January. It would have been downright spooky for any of Carnival’s crew of followers to have predicted the bizarre sinking of the Costa Concordia,
The preference for unequal pay
…potential thus exists for the formation of a”vicious cycle” where increases in disparity weaken concern for wage equality or redistribution. This weakened concern affords greater future compensation differentials,
The iPay phenomenon
A British academic, Ian Tonks of Bath university, suffered a vicious TED attack this week regarding this post — a summary of Tonks’ research into links between bankers’ bonuses and the financial crisis.
What’s the right amount to pay bankers? Less.
Dan “Predictably Irrational” Ariely is promoting his new book, and as part of his promotathon, has published a teaser over at the TEDBlog.
The subject: banker pay.
Ariely’s argument will not go down well with the likes of the Johns Mack and Stumpf,
[CFA in Boston] Adding value through corporate governance
From Robert Monks, founder of Lens Governance Advisers, who is presenting at the CFA Institute 2010 Annual Conference, which begins on Sunday in Boston…
Extract:
In recent decades, the debate over the role of CEO’s has broadened to include executive pay,
Darling lines up assault on bonuses
Alistair Darling, chancellor, is preparing a crackdown on “extraordinarily high” bankers’ bonuses when he makes his pre-Budget report on Wednesday, but is expected to reject a windfall tax on bank profits.
Energy bosses rake it in despite downturn
Several oil and natural gas companies in the US and Europe boosted their chief executives’ remuneration last year, in spite of often missing performance targets or other measures of investor value,
The synchronous lateral excitation of markets (or pseudo-wobbles)
John Cassidy, writing in the latest edition of the New Yorker, tells the story of London’s Millennium Bridge in a long, slow-burn introduction to a longer and (by now) very familiar discussion of what went wrong in the Great Crunch.
Banks face restrictions on bonuses
Banks will face limits on the total amount they pay their staff in bonuses until they meet more demanding capital requirements, an international body of regulators and central bankers agreed on Tuesday.
Directors’ bonuses set to cause new outcry
Cash bonuses for top directors of UK companies stayed high last year in spite of the recession, highlighting a trend that will anger investors hit hard by sharp falls in the value of company share prices,
Weighing talent and executive pay
Here’s an annual talent/performance ranking for S&P 1500 chief executives compiled by two academics, Jaeyoung Sung from Korea’s Ajou University and Peter Swan from the Australian School of Business, NSW.
Goldman faces increasing scrutiny on pay and derivatives
Goldman’s 10-Q is always an interesting read, but the former investment bank’s update for the second quarter of 2009, filed on Wednesday, was particularly revelatory.
Take these “other matters”, emphasis FT Alphaville’s:
The point of cutting costs is to have lower costs…
… Someone should tell UBS.
UBS reported dismal 2Q results on Tuesday — but don’t feel too sorry for its bankers.
Despite cutting 1,140 jobs in the last quarter, the investment banking division,
FSA warns banks over long-term bonuses
Banks that have agreed to pay their executives a guaranteed bonus for more than a year risk heavy penalties, the head of the FSA warned in a letter sent to more than 40 chief executives within the financial services industry.
RBS chief to face tougher pay targets
Stephen Hester, chief executive of Royal Bank of Scotland, will be given tougher performance targets to meet next year to collect his maximum bonus following a public outcry over his pay award of up to £9.6m for this year.
SEC proposes shareholder ‘say on pay’ for Tarp beneficiaries
As widely expected (read: leaked), the US Securities and Exchange Commission on Wednesday voted in favour of seeking feedback from investors and bankers on whether companies who benefited from government aid should be obliged to give shareholders a direct vote on executive compensation.