Blockbuster Chief Agrees to Exit Deal
Differences between John F. Antioco and the company’s board over his compensation package have dragged on for nearly two years.
Archive forMarch, 2007
No Bonuses for Top G.M. Executives
For a second year, General Motors says that about 20 top managers, including the chief executive, will not get cash bonuses.
Progress Energy Lowers Its Incentive Targets
Now each executive will earn either above-median or below-median incentive pay instead of the 75th percentile. That’s a 20 percent hit for the chief executive.
2 European Bank Chiefs Got Big Raises in 2006
The top executives of Deutsche Bank and Credit Suisse received substantially bigger pay packages last year, but they still lagged behind their American counterparts.
Stock Bonuses at American Anger Pilots
The combined $21 million in stock payouts to five top executives at American Airlines is looming large in labor talks with pilots.
Barclays Chief Places Third in Pay
Robert Diamond, the president and head of investment banking, made $30 million in 2006, five times as much as John Varley, the C.E.O.
Two Directors of Home Depot Will Not Seek Re-election
The company gave no reason for the departures nor did it say if the company had chosen successors for the directors.
Delta Says Top Executive Won’t Receive Stock Package
Chief executive Gerald Grinstein will not receive any stock, incentive payments or severance when the company exits bankruptcy protection this spring.
At Zimmer, a Raise Based Largely on a Bonus and Incentives
The total compensation for J. Raymond Elliott, head of Zimmer Holdings, was 16.3 percent higher last year than in 2005.
For AT&T’s Chief, a 94% Increase in Pay
Did AT&T’s board ever consider the total amount of wealth that Edward E. Whitacre Jr. accumulated in his 43-year career when setting his pay?
Fortunes Diverge at Novastar
The distress in the mortgage market is not reflected in the amounts Novastar, a mortgage lender, has recently paid to its executives.
Stryker C.E.O. Earns a Grade of 98
The company reported that Stephen P. MacMillan met nearly all of the board’s goals for him in his second year as chief executive.
No Raise, but No Tears, for Warren Buffett
The chief executive at Berkshire Hathaway took home the same $100,000 in 2006 that he has been earning for 25 years.
Battle Lines Are Drawn in Hewlett Proxy Issue
As shareholders vote on whether they should have a say in picking board candidates, investors mulling similar proposals at other companies are watching closely.
For Citigroup’s C.E.O., It Was a Very Good Year
Charles O. Prince was paid $25.98 million for his work in 2006, which represented an increase of about 13 percent over 2005.
CBS Cuts Redstone’s Salary and Bonus
Sumner Redstone’s compensation for his role as chairman of CBS will be reduced after a shareholder lawsuit.
Bristol-Myers Tightens Process for Setting C.E.O. Pay
The company accepted a Harvard professor’s proposal that the chief executive’s pay be subject to approval by three-quarters of the independent directors.
C.E.O. Sees His Bonus Cut at Boston Scientific
While other executives received most or all of their targeted bonus amounts for 2006, James R. Tobin was awarded only 35 percent of his after a year of troubles at the maker of medical devices.
BP Cuts Bonus in Half for Outgoing Executive
Oil spills and safety lapses in the United States have overshadowed record profits.
AT&T Investors Will Have Their Say
AT&T is among a group of companies that have tried to stonewall say-on-pay proposals from shareholders.