Compensation Litigation in the News – 13 June 2014

Fred WhittleseyCompensation Expert Witness Blog0 Comments

Former Goldman Trader Sues to Get $20 Million in Bonuses Bloomberg News A former Goldman Sachs Group Inc. (GS) trader who helped lead the firm’s bets against subprime mortgages before the financial crisis asked a court to throw out an arbitration ruling denying him more than $20 million in unpaid compensation.   Litigation Over Executive and Director Compensation Takes Another … Read More

Executive Compensation Controversy: What it Means for Equity Compensation in 2012

Fred WhittleseyPay and Performance: The Compensation Blog0 Comments

As we approach the 2012 proxy season – the months of March, April, and May when about 70% of public companies file their proxies for this year’s shareholder meeting – we provide an update on a number of significant developments. Over the past few months, a series of changes in proxy adviser policy, regulatory timelines, media coverage, and the political … Read More

Lots of Zeroes

Fred WhittleseyPay and Performance: The Compensation Blog0 Comments

It’s shareholder meeting season, and hundreds of companies released their information in proxy statements on executive pay. Many executives made tens, even hundreds, of millions of dollars last year, as the media like to count it, leading to continued concerns about excessive executive pay.Remember the caveat in my recent blog about how the media counts these numbers. A lot of … Read More

Maytag CEO Ralph Hake: The Poster Child for Whats Wrong with CEO Compensation

Fred WhittleseyPay and Performance: The Compensation Blog0 Comments

Rarely in this blog will you see me directly criticize an individual’s compensation arrangements but this example epitomizes why shareholders are angry about the state of CEO compensation today. It is these types of incidents that lead to generalizations about executive pay and the resulting activism, legislation, and misguided reactions. We cannot conclude that all CEO pay is wrong, or … Read More