Burberry shareholders rejected a 20 million pound remuneration package for its new chief executive, Christopher Bailey. The Financial Times reports.» Read More
Goldman Sachs Chairman and Chief Executive Lloyd Blankfein is likely to get a 30 percent pay rise this year to about $70 million, despite the liquidity squeeze which has seen shares in the banking sector tumble, the Financial Times reported on its Web site.
The Tom Brokaw piece on NBC Nightly News Monday night highlighting Warren Buffett's call for a higher tax rate on very wealthy Americans includes an excerpt from a sit-down interview with Buffett. We're now able to bring you Brokaw's complete interview with Buffett, only on CNBC.com.
When should insider selling be a red flag? Why is Caterpillar being punished as a housing stock? Cramer answers viewers' questions.Investing can be confusing. Luckily, Cramer has mapped out some road rules for all you Home Gamers trying to navigate the jungle that is Wall Street. Think of it as "Mad Money 101" –- some fundamental advice to keep in mind as you play the market. Whether you're a first time investor or a seasoned financier, it's always good to remember the basics.
Procter & Gamble said Tuesday that 70 percent of its top executive's $27.7 million in compensation in the latest fiscal year came in stock, restricted stock or stock options.
Blackstone Group issued compensation details for the first time Monday, disclosing in a filing that its co-founders will receive at least $2.33 billion the private equity firm goes public.
Steve Schwarzman's wealth probably makes a lot of people jealous. He is, after all, fabulously rich. And that would be FABULOUSLY, in all caps. If Blackstone goes public, Schwarzman will become even more fabulously rich, to the tune of $677 million additional dollars, on top of retaining a 23% stake in the firm. And if that doesn't make you jealous, there's that Wall Street Journal profile of Schwarzman this week, (subscription required) which details, among other things, his upper class sensitivity to a butler's squeaky black shoes, and his and his wife's fancy for $400 worth of stone crabs on weekends.
CNBC’s Mary Thompson reports that a survey of CEO compensation at 452 large companies found the pay of executives hired from outside is 20% higher than top officers promoted from within.
Here's the day's trivia questions for Bonus Bucks. The video question is worth $2,000 Bonus Bucks: Currently, how many $1 Million homes are there on the market in Rockville, MD? Your selection of answers is: 38 or 18 or 24 or 32 And the news question is worth $1,000 Bonus Bucks: AT&T's CEO Edward Whitacre Jr. is set to retire. His pension plan will be worth more than how much? Your selection of answers is: $158.5 Million or $220 Million or $280 Million or $305 Million.
Rep. Barney Frank, D-Mass. and chairman of the House Financial Services Committee, told CNBC’s “Squawk Box” that a bill requiring companies to hold advisory votes on executive pay is a “moderate” piece of legislation and would cause no harm.
The House of Representatives Wednesday is likely to vote on a bill that will have an indirect effect on executive pay. The proposed legislation, known as the Shareholder Vote on Executive Compensation Act, is being spearheaded by Rep. Barney Frank (D-Mass), who is also chairman of the powerful House Financial Services Committee.
Apple CEO Steve Jobs received a salary of $1 last year, which is unchanged from his 2004 and 2005 salary, according to a filing with the Securities and Exchange Commission
The SEC’s campaign to ensure more disclosure of executive pay seems to be bringing more confusion than clarity this proxy season, CNBC's Mary Thompson reports. The new Compensation, Discussion and Analysis (CD&A) section, which averages about 5,000 words or nine pages, is meant to help shareholders. But experts say sifting through the new data is challenging and investors still don’t get all the information they need.
At Morgan Stanley, which held its annual meeting in Purchase, N.Y., 37% of shares were voted in favor of "say on pay." The proposal fared better at Bank of New York, where 47.3% supported the measure.
Some pro sports leagues have enacted pay caps to ease fans' concerns. So if a chief executive's compensation strikes investors as too far out of whack, should the corporate world consider the same measure? Charles Elson, director of the Weinberg Center for Corporate Governance at the University of Delaware, votes yea. Contradicting him is Alan Murray, assistant managing editor at The Wall Street Journal. The two stated their cases to CNBC's Erin Burnett.
The AFL-CIO, the largest U.S. union federation, is targeting Verizon Communications in a campaign against high executive pay, and will vote against the company's compensation committee at the company's May 3 annual meeting.
A new study of CEO homes shows a connection between the size of the home and the company's stock performance. In this case more means less for shareholders.
At KB Home's annual meeting on Friday, the preliminary tally showed shareholders approved two proposals management had opposed. This is unusual as shareholder proposals rarely receive a majority of votes.
Ford Motor, which posted a loss of $12.7 billion last year, said Chief Executive Alan Mulally received $28.18 million compensation in 2006, including an $18.5 million bonus.
The median pay for chief executive officers in 2006 rose 9.3% from the prior year, marking the second consecutive year of slowed compensation growth, according to a preliminary survey of CEO compensation released on Monday.
News that Glenn Tilton, chief executive of UAL, earned $39.7 million in 2006 drew an angry protest from workers at UAL's United Airlines on Tuesday, with unions demanding their "fair share."