Archive forApril, 2007

G.M. Chief’s Compensation Rises Despite Cut in Salary

Rick Wagoner’s compensation nearly doubled even though he voluntarily reduced his salary to aid the automaker’s restructuring effort.

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Wal-Mart Reports Its Chief Was Paid $29.7 Million in 2006

The world’s largest retailer paid its chief executive $29.7 million last year after sales grew at the slowest pace in more than two decades.

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$5.4 Million for US Airways’ Chief

Executives are reaping the benefits of an industry turnaround, angering airline workers.

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Has the Exit Sign Ever Looked So Good?

Shareholders are paying for performance, almost any kind of performance.

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Pressing for Independent Advice From Consultants

Some of the major consulting firms are debating whether to separate or spin off their compensation consulting businesses to avoid perceptions that they conflict with other services that the firms provide.

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Quietly, Retail Executives Move Into Top Paydays

The richest paydays are supposed to be reserved for Wall Street titans, oil barons and banking moguls. So what is a handbag maker doing atop the list?

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Transparency, Lost in the Fog

In the world of executive compensation, fact often outstrips fiction, and even farce.

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Executive Pay: A Special Report: More Pieces. Still a Puzzle.

While new disclosure rules have resulted in far more information, analysts say they still do not necessarily offer greater insight into executive compensation.

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Another Biomet Executive Resigns After Stock Options Backdating Inquiry

Biomet, an orthopedics maker, said in a regulatory filing that Daniel P. Hann and Gregory D. Hartman knew or should have known of the backdating and the potential “ramifications.”

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Ford Pays Chief $28 Million for 4 Months’ Work

The automaker, which reported a record $12.7 billion in losses last year, paid its new leader more than three times as much as any other executive.

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Marriott Chief Received $8.58 Million in 2006

J.W. Marriott Jr.’s compensation included perks such as use of the company’s private jet and company paid life insurance and tax services.

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Google’s Chief Gets $1 in Pay; His Security Costs $532,755

Eric E. Schmidt received a salary of $1 but his personal security cost shareholders $532,755, representing the bulk of his compensation.

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Intel Can Recover Bonuses It Shouldn’t Have Paid

The proxy contains a clawback provision with some bite. Intel can take back money it turns out an executive didn’t deserve.

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Comcast Chief Executive Receives $26 Million

The nation’s largest cable company paid its chief executive, Brian L. Roberts, a salary of $2.5 million, a bonus of $3 million and other payments including a cash bonus of $8.4 million.

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