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Upstream investor Kimmeridge Energy Management Co. LLC has the U.S. exploration sector in its sights and is calling out the industry for its “lack of alignment” between the executive management teams and their shareholders.
The New York City-based private equity (PE) firm said in a white paper that executive compensation for the exploration and production (E&P) sector was still rising, even though it is “one of the worst performing sectors” in the past decade. READ MORE
Employee safety concerns are a primary reason for providing alternative work arrangements, followed by employee retention and increasing and maintaining employee engagement. READ MORE
If you’re an investor in the stock market, it’s likely that you have experience with volatility, which often can strike unexpectedly. However, if you are the owner or recipient of equity compensation and employee stock options, you may not realize that volatility can have even more of an impact on your financial future. READ MORE
More than two thirds of investors want executive pay tied to ESG initiatives, a move that would pressure boards to achieve social and other key targets, according to the global Edelman Trust Barometer Special Report: Institutional Investors. Sixty-nine percent of stakeholders say they want to see a link between remuneration and ESG, a 17-point jump over 2019. READ MORE
The 2021 executive compensation season will be more challenging than usual for most companies due to the financial and economic consequences of the COVID-19 pandemic. To meet these challenges, companies should be aware of several key issues as they design their 2021 executive compensation programs. READ MORE
Last month, on the same day the DOJ and SEC imposed $3.3 billion in financial penalties against Goldman Sachs for 1MDB-related FCPA violations, Goldman’s board announced a plan to claw back $174 million from former and current executives. With Goldman in mind, let’s look at how clawbacks work, and whether they’re a good idea. READ MORE
A 457 plan is a lesser-known retirement plan similar to a 401k. But these types of plans come with some added benefits.
First off, it’s worth noting that there are two versions. The 457(b) plan is the more common of the two. The other is the 457(f) plan. Both are IRS-sanctioned, tax-deferred plans. Those who partake are allowed to contribute up to the elective deferral limit of $19,500. But in some cases, workers are allowed to contribute even more. And because these are tax-advantaged plans, that means the interest and earnings aren’t taxed until the funds are withdrawn. READ MORE
On Oct. 15, 2020, Institutional Shareholder Services (ISS) released preliminary FAQs on its approach to analyzing executive pay decisions relating to the COVID-19 pandemic. The FAQs, shaped by feedback from direct discussions with investors as well as ISS’ annual policy survey, provide general guidance regarding how ISS U.S. benchmark research may approach COVID-19-related pay decisions in the context of ISS’ pay-for-performance qualitative evaluation. READ MORE
Eastman Kodak Co. said five former executives were able to collect millions of dollars by selling stock options they didn’t own, an admission that is set to add to the scrutiny the company faces over the circumstances surrounding a halted U.S. loan. READ MORE
These 79 occupations earn six-figure salaries READ MORE
We know the President and the Vice President of the United States receive salaries, but how much does the First Lady make? Jill Biden’s pay as FLOTUS may surprise you. READ MORE
They were hailed as heroes during the first wave of the pandemic, but wage increases were fleeting, and companies, whose businesses are booming, have been slow to pay out more. READ MORE
Last week, voters in San Francisco passed a bevy of new taxes aimed at the top of America’s income brackets. The most striking is Proposition L, informally dubbed the “CEO tax.” By targeting businesses with highly paid executives and low-paid workers, it won approval with a resounding 65% of votes. That makes San Francisco the largest city to enact an idea long championed but seldom enacted in left-leaning circles: a corporate inequality tax. READ MORE
Elon Musk is just a Tesla Inc. rally away from unseating fellow mega-billionaire -- and occasional verbal sparring partner -- Bill Gates as the second-richest person on the planet. READ MORE
“Pay the Piper” for Paying their Executives? Say-on-Pay Vote Results for Quarter and Midyear Proxy Filers and ISS FAQs Provide Insights and Early Warnings READ MORE
U.S. Bankruptcy Judge John Dorsey ruled that more than $20 million of cash tied to benefit plans for retired Ruby Tuesday executives belongs to the chain and all of its creditors because it is insolvent. READ MORE
Pfizer CEO Albert Bourla sold shares worth more than triple his base salary on Monday, hours after proclaiming that excellent results from the pharmaceutical company's COVID-19 vaccine in a late-stage trial made it a "great day for science and humanity." READ MORE
Section 162(m) denies a deduction to a publicly held corporation generally for compensation to a “covered employee” in excess of $1 million for a year. READ MORE
While the COVID-19 crisis has fundamentally altered the business environment across industries, only 6% of companies in the Russell 3000 Index have announced changes to their incentive compensation plans to date. Moreover, the types of changes made to compensation plans – such as reducing the target or maximum payout, or even cancelling the plan – indicate that executive bonuses for 2020 are on track to be lower than pre-pandemic expectations. READ MORE
Americans weigh many factors when they seek employment – good benefits, vacation time, work-life balance, stimulating work environment, and a job that has meaning to society. For many, though, salary is the dominant consideration. READ MORE