Blog Archives
McKesson-GAPP-Executive-Compensation-2018
BE IT RESOLVED: Shareholders of McKesson Corporation (the “Company”) urge the Compensation Committee of the Board of Directors to adopt a policy that when using performance metrics to calculate senior executive compensation, the Company shall … MORE
The 100 Most Overpaid CEOs: Are Fund Managers Asleep at the Wheel?
COMING SOON: The fourth report in the series, The 100 Most Overpaid CEO: Are Fund Managers Asleep at the Wheel? highlights the fund managers who continue to approve these pay packages at staggering rates (many funds approve nearly 100% of the pay packages they vote on), and contrasts them with those who take a stance against excessive pay with their votes. MORE
Facebook-Board-Committee-Risk-Oversight-Resolution-2018
Be it Resolved: Shareholders request Facebook’s Board issue a report discussing the merits of establishing a Risk Oversight Board Committee (at reasonable cost, within a reasonable time, and omit confidential and proprietary information).
DowDuPont-Sustainability-Metrics-Executive-Compensation-Resolution-2018
BE IT RESOLVED: Shareholders request the Board Compensation Committee prepare a report to shareholders, at reasonable expense and excluding proprietary information, assessing the feasibility of integrating the company’s sustainability metrics consistently to performance based pay … MORE
Devon-Energy-Executive-Compensation-2018
BE IT RESOLVED: Shareholders request that Devon Energy issue a report assessing, in light of climate change and the global transition to a low carbon economy, the benefits and risks of using oil and gas … MORE
Equifax-Exec Comp-Resolution-2018
BE IT RESOLVED, shareholders of Equifax Inc. (the “Company”) urge the Compensation Committee of the Board of Directors to adopt a policy to use generally accepted accounting principles (“GAAP”) when evaluating performance for purposes of determining senior executive compensation. The policy should be implemented in a way that does not violate any existing contractual obligation of the Company or the terms of any compensation or benefit plan. MORE
Wells Fargo execs get bigger stock awards instead of bonuses
Top executives at Wells Fargo, including new Chief Executive Tim Sloan, are set to get significantly larger stock awards for 2016, the same year the bank’s fake-accounts scandal came to light. Earlier this month, the … MORE
The unusual way KB Home punished its CEO for screaming profanities at Kathy Griffin
If the offense is embarrassing but something from the past — like the years-old graphic emails Snapchat CEO Evan Spiegel sent as an undergrad fraternity bro — a mea culpa may suffice. If it’s disturbing … MORE
Vanguard fails to exert influence over high pay
May 6, 2017 – If you wanted to draw up a list of the asset management companies with the best public image, Vanguard would probably come near the top. The Pennsylvania-based fund house has built … MORE
‘Overpaid’ CEOs a Risk for Investors?
Executive pay that is disproportionate to a company’s past performance may also signal that poor returns are coming, according to a study set for release on Monday by shareholder activist group As You Sow. The … MORE
The 100 Most Overpaid CEOs 2017: Are Fund Managers Asleep at the Wheel?
CEO pay grew an astounding 997% over the past 36 years, greatly outpacing the growth in the cost of living, the productivity of the economy, and the stock market, disproving the claim that the growth in CEO pay reflects the “performance” of the company, the value of its stock, or the ability of the CEO to do anything but disproportionately raise the amount of his or her pay. MORE
Mutual Fund Giant Vanguard Flexes Its Muscles
Fortune-December 8, 2016-The index-investing pioneer now has $3.8 trillion in assets. How will it use the clout that comes with all that money? The question made him uncomfortable. And suddenly he was getting it from … MORE
T.-Rowe-Price-Proxy-Voting-2017
BE IT RESOLVED: Shareowners request the Board of Directors issue a report prior to the next annual meeting, at reasonable cost and omitting proprietary information, which evaluates options for bringing its voting practices in line … MORE
Ameren-CEO-Pay-2017
Resolved: The shareholders of Ameren urge the Compensation Committee of the Board of Directors (the “Committee”) to adopt a policy requiring that senior executives retain a significant percentage of shares acquired through equity compensation programs … MORE
Mylan’s Pay for CEO Bresch Grates on Lawmakers, Many Investors
Bloomberg Markets – September 22, 2016 – Mylan NV Chief Executive Officer Heather Bresch was lambasted at a congressional hearing this week for taking home tens of millions of dollars as the company raised the price … MORE
Here’s Why We Can’t Rely on Shareholders to Fix CEO Pay
The Nation – May 4, 2016 – BlackRock, the top money manager in the world, claims to want to link performance with executive compensation. But its actions tell a different story.
BlackRock slammed over too many votes for high pay
Financial Times – May 22, 2016 – Seventy-five thousand people have signed a petition urging BlackRock to overhaul its approach towards pay over fears the world’s largest asset manager is too soft on excessive remuneration at … MORE
A Millionaire is Telling BlackRock to Say No to Big CEO Pay
Bloomberg – May 20, 2016 – Stephen Silberstein is fed up with elite complacency, corporate fat cats and self-dealing. And he’s threatening to make himself heard at the ballot box.
Executive pay ‘rubber stamping’ rife
Financial Times – May 8, 2016 – Pot, kettle, black — three words that typically describe hypocritical behaviour crop up frequently when discussing investor attitudes to executive pay.
Profits are Down at ExxonMobil, but Don’t Cry for CEO Rex Tillerson
The Washington Post – April 29, 2016 – After 10 years at the helm of the world’s biggest publicly owned oil company, Exxon Mobil chief executive Rex W. Tillerson has had mostly gloomy news for shareholders … MORE
BlackRock Wields Its Big Stick Like a Wet Noodle on C.E.O. Pay
The New York Times – April 15, 2016 – For several years, Laurence D. Fink, chairman and chief executive of BlackRock, the money management giant, has been on a crusade, exhorting corporations to change their short-term ways. … MORE
Overpaid CEOs Are Being Supported by Mutual Funds
FORTUNE – February 18, 2016 – Even as executive pay continues to grow mutual funds rarely vote against executive pay plans for the companies in which they hold shares.
RELEASE: Most Mutual Funds, Pensions Still Failing to Put the Brakes on America’s 100 Most Overpaid CEOs
AS YOU SOW RELEASE – February 17, 2015 – Leading mutual funds and pension funds so far have taken little action to curb the “extraordinary misallocation of assets” represented by the excessive compensation of America’s … MORE
The 100 Most Overpaid CEOs: Are Fund Managers Asleep at the Wheel? (2016)
CEO pay grew an astounding 997% over the past 36 years, greatly outpacing the growth in the cost of living, the productivity of the economy, and the stock market, disproving the claim that the growth in CEO pay reflects the “performance” of the company, the value of its stock, or the ability of the CEO to do anything but disproportionately raise the amount of his or her pay. MORE
Devon Energy – Executive Compensation – 2016
BE IT RESOLVED: Shareholders of Devon Energy request that, to help ensure the Company responds appropriately to climate-change induced market changes, the Compensation Committee adopt a policy to not use “oil and gas reserve addition” … MORE
Celgene – Executive Compensation – 2016
BE IT RESOLVED: Shareholders request the Board Compensation Committee prepare a report assessing the feasibility of integrating sustainability metrics into the performance measures of senior executives under Celgene’s compensation incentive plans. Sustainability is defined as … MORE
Vertex – Executive Compensation – 2016
BE IT RESOLVED: Shareholders request the Board Compensation Committee prepare a report assessing the feasibility of integrating sustainability metrics into the performance measures of senior executives under Vertex Pharmaceuticals’ compensation incentive plans. Sustainability is defined … MORE
State Street – Executive Compensation – 2016
BE IT RESOLVED: Shareowners request that the Board of Directors issue a report to shareholders by December 2016, at reasonable cost and omitting proprietary information, which evaluates options for bringing its voting practices in line … MORE
Fossil Fuel Execs Have Little Financial Incentive To Fight Climate Change, Report Says
INTERNATIONAL BUSINESS TIMES – September 2, 2015 – Marathon Oil Corp. CEO Lee Tillman took home a $1.7 million bonus last year, in part because of the company’s expansion into the Texas and North Dakota … MORE
Ameren – Executive Compensation – 2016
BE IT RESOLVED: The shareholders of Ameren urge the Compensation Committee of the Board of Directors (the “Committee”) to adopt a policy requiring that senior executives retain a significant percentage of shares acquired through equity … MORE
Oracle – Executive Compensation – 2015
RESOLVED: Shareholders of Oracle Corporation (“Oracle”) hereby request the Board of Directors to take or initiate the steps necessary to amend the Company’s governing documents to provide that all matters presented to shareholders, other than … MORE
Blackrock, TIAA-CREF are Big Backers of ‘Overpaid’ CEOs
FINANCIAL TIMES – May 10, 2015 – BlackRock, the world’s largest asset manager, and TIAA-CREF, the leading US retirement provider for teachers and university professors, are among the biggest supporters of high executive pay, according … MORE
Unusual Perk: $62,000 Bill for a Curtailed Vacation
THE WALL STREET JOURNAL – Apr. 10, 2015 – Case in point: Discovery Communications Inc.’s $62,000 bill for a scotched vacation. The pay-television programmer’s proxy filing says in a footnote that its general counsel, Bruce … MORE
Executive Pension Gains Expand Proxy Tables
THE WALL STREET JOURNAL – Mar. 25, 2015 – Pension gains are swelling executive pay figures this year. Whether that matters to investors depends on who you ask. Some companies are downplaying the gains in … MORE
Is Exorbitant CEO Pay a Form of Tyranny? Thomas Aquinas Thinks So
NATIONAL CATHOLIC REPORTER – Mar. 16, 2015 – A combination of shareholder activism, academic rigor and religious support may be chipping away at exorbitant CEO pay, finding it bad for business and contrary to the … MORE
EXCLUSIVE: Q&A With Author Of ‘The 100 Most Overpaid CEOs
BENZINGA – Mar. 11, 2015 – With this clear, strong statement, researcher Rosanna Landis Weaver opens the “100 Most Overpaid CEOs: Executive Compensation in the S&P 500” report, published by the As You Sow Foundation.
The 100 Most Overpaid CEOs 2015
CEO pay has grown nearly 1,000% over the past four decades, far exceeding growth in median worker pay or company share prices. Our new report, The 100 Most Overpaid CEOs: Executive Compensation at S&P 500 … MORE
The S&P 500’s ‘100 most overpaid CEOs’
NATIONAL CATHOLIC REPORTER – Feb. 18, 2015 – A new report has compiled that “100 most overpaid CEOs” in the S&P 500 and “examines the forces behind the ever-increasing CEO pay.”
The 10 Most Overpaid CEOs
PRIVATE WEALTH – Feb. 13, 2015 – A report from As You Sow analyzing the pay packages of 100 corporate CEOs found that compensation has grown nearly 1000 percent over the past four decades.
The 10 Most Overpaid CEOs Running Multi-‐Billion Dollar Companies
THE STREET – Feb. 13, 2015 – Massive CEO compensation has become a hot-button issue for investors. CEO pay packages, especially ones running deep into the eight-figure range, have a tendency to draw ire. When … MORE
