Whole Foods has implemented a policy where employees can look up anyone's salary or bonus from the previous year.» Read More
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."
For the first time since 2003, General Motors is giving bonuses in the form of stock to Chairman and Chief Executive Rick Wagoner and other top executives.
About 39,000 Delta employees will share $480 million in lump-sum payouts and equity in the company when the nation's third-largest carrier emerges from Chapter 11 protection in May, according to material to be disclosed in a bankruptcy court filing Tuesday.
John Antioco has been under pressure from board members, including billionaire investor Carl Icahn, who once called Antioco's $54 million severance package "unconscionable."
Chevron Chairman David O'Reilly received a 2006 compensation package valued at $13.5 million for steering the oil company to a record profit while many motorists and politicians were angry about soaring energy prices.
The chief executive of Merck received compensation the company valued at $8.04 million last year, according to a regulatory filing Monday.
A bill that would give shareholders the right to cast non-binding votes on executive pay sparked sharp comments Thursday at a subcommittee hearing in Washington.
Congress is considering a bill that would give shareholders the right to cast non-binding votes on executive pay and "golden parachutes" if the enterprise is sold. Opponents say the measure, HR 1257, would force CEOs to devote more time to meeting with advocacy groups and less time on planning and product development. Supporters say that unless pay is tied to performance, executives have incentive to cook the books.
What many see as outrageous or obscene compensation for chief executive officers is back in the limelight after some high profile pay packages lately. The House Financial Services Committee Thursday holds a public hearing on the issue and the hue and cry about greed and abuse is bound to bounce off the walls of Congress. The contrarian view is that there is little or no direct link between pay and performance and coupling the two might be detrimental because CEOs would cut corners to boost their pay, eroding the company’s long-term prospects.
The composition of the board of directors at major companies is changing and becoming less clubby. On "Squawk Box" CNBC's Mary Thompson says there’s no shortage of candidates to serve on corporate boards, but they’re now drawn from a different talent pool. In 2001, about half board members were active CEOs. Last year, the figure declined to 29%.
BP Chief Executive John Browne saw his pay fall in 2006, despite a 15% rise in the oil giant's profits, as BP suffered oil spills, accusations that cost cutting had hit safety and allegations of market manipulation.
A judge in the New Jersey Vioxx personal injury trial on Monday rejected a motion that would give one of the plaintiffs in the trial another opportunity to collect damages based on negligence from drug maker Merck.
Death and taxes are the two universal fates, right? Well, the latter may not hold true for certain executives, whose tax bills are footed by shareholders. On "Morning Call," two compensation experts debated the appropriateness of such supposed free rides.
Goldman Sachs Chief Executive Lloyd Blankfein received $54.3 million in compensation after leading the top U.S. investment bank to record profits in 2006, according to a regulatory filing released Wednesday.
Federal criminal charges are expected to be announced Thursday against one former executive with Monster Worldwide over backdating of options, according to WNBC's Jonathan Dienst, reporting for CNBC.
Ryan Brant, the former chief executive of video game publisher Take-Two Interactive Software, pleaded guilty to criminal charges related to backdating of stock options.
This proxy season, shareholders at some 70 to 100 corporations will vote on proposals that could give them a voice in executive pay. According to the proxy advisory firm Proxy Governance, some of those companies facing investor wrath may include Coca-Cola, Exxon Mobil, Merck and Wal-Mart.
There's some upward bias in stocks this morning but for now the market is without much direction. European markets are higher. Japanese stocks ended higher though Hong Kong slid. The yen is lower against the U.S. dollar as the G7 meets in Essen, Germany today. The yen has widely been expected to be a discussion topic.