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Executive Compensation

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  • BP CEO Browne's Pay Fell in 2006 as Woes Mounted Tuesday, 6 Mar 2007 | 2:55 AM ET

    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.

  • Vioxx Verdict Upheld; Merck Boosts CEO's Salary Tuesday, 6 Mar 2007 | 2:33 AM ET

    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.

  • Furor Rages As Investors Pay Executive Taxes Monday, 26 Feb 2007 | 11:41 AM ET

    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 CEO Received $54.3 Million Last Year Wednesday, 21 Feb 2007 | 3:30 PM ET
    Bobby Murcer as New York Yankees broadcaster

    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.

  • Firms Face Irked Investors, "Say In Pay" Votes Tuesday, 13 Feb 2007 | 12:22 PM ET

    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.

  • Robert Nardelli

    Former Home Depot CEO Robert Nardelli could have stayed as chief executive of the home-products giant if he had agreed to take a $20 million cut in his contract that entitled him to around $200 million, CNBC'S Charlie Gasparino has learned.

  • Should Government Have Say In Exec Pay? Thursday, 1 Feb 2007 | 12:01 PM ET

    A controversial U.S. Senate bill on minimum wage is set to be voted on later today – it includes a provision that is designed to reign in executive pay by capping tax-deferred compensation at $1 million or a 5 year average of taxable salary, whichever is less.

  • Minimum Wage Hike: Will It Ever Get Done? Wednesday, 31 Jan 2007 | 2:08 PM ET

    The U.S. Senate is almost through debating a bill to raise to the minimum wage. However--Republicans want to amend the bill with provisions including tax breaks for businesses in order to offset the costs of a higher minimum wage. Democrats don't want that. There's also a move to attach tax deferred compensation to the measure.

  • Bush Tackles Dems' Issues- His Own Way Wednesday, 31 Jan 2007 | 1:16 PM ET

    As we reported earlier, President George W. Bush is in New York today, speaking to Wall Street about a number of the domestic initiatives he emphasized during his State of the Union speech. The president’s remarks showed an awareness of the political reality of a Democratic Congress, but he pushed his own agenda nonetheless. Liz Claman hosted a roundtable reaction on “Morning Call.”

  • Exec Comp: Should Shareholders Hold Say? Friday, 26 Jan 2007 | 3:06 PM ET

    The days of Enron and WorldCom-sized corporate malfeasance scandals may seem like they just ended, but another debate regarding corporate ethics is reaching critical mass in boardrooms across the country – the issue of executive compensation. Adding fuel to the fire were the recent lucrative severance packages for Home Depot CEO Bob Nardelli ($210 million) and Pfizer  CEO Hank McKinnell...

  • Analysis: Is CFO Job Losing its Appeal? Friday, 26 Jan 2007 | 1:21 PM ET

    Many of North America's biggest companies are finding it hard to hang on to their chief financial officers, often viewed as corporations' No. 2 executives.

  • Gov't Probes: "Knee Jerk React" or Kick in the Pants? Friday, 26 Jan 2007 | 11:54 AM ET

    KB Home is joining what's becoming a long list of companies caught up in the stock back dating issue. The home builder announced that it's under formal investigation by the SEC for improper stock option practices. The company CEO Bruce Karatz resigned (or retired) last fall over the backdating issue. Right now--more than two hundred companies are under a similar microscope (including computer giant Apple).

  • Ford's Mulally: "He Should Tie Bonuses To Performance" Thursday, 25 Jan 2007 | 1:01 PM ET
    Alan Mulally, Ford CEO

    Ford Motor Co. had the worst year in its 103-year history in 2006. The automaker lost $5.8 billion in the fourth quarter alone – and lost $12.7 billion on the year. Yet CEO Alan Mulally - who came to Ford after overhauling aerospace giant Boeing - is reportedly considering paying bonuses to some of Ford’s managers, even as the company seeks concessions from its unions and predicts more losses this year.

  • CNBC's Schacknow: When A Company PR Dept. Calls Wednesday, 24 Jan 2007 | 2:14 PM ET

    A Belated Return: The breaking news desk blog has returned after a longer than expected absence - upon my return to work yesterday after vacation, my computer somehow fried its innards, necessitating a complete overhaul. As I told my very understanding CNBC.com bosses, the dog really DID eat my homework!

  • The home improvement retailer said it reached agreement with Frank Blake, who succeeded Robert Nardelli as chairman and CEO this month, on terms of his pay on Jan. 23.

  • CEO Jobs Meeting With Feds: "Scandal" Start Or End? Tuesday, 23 Jan 2007 | 11:55 AM ET
    Apple CEO, Steve Jobs

    The meeting Apple's CEO Steve Jobs had last week with SEC and U.S. Justice Department officials over stock backdating--might not turn out to be much at all--according to CNBC's Jim Goldman. The meeting was reported today by Bloomberg. But Goldman says people he talked to --don't expect anything to come from all this. In fact--it seems even the probe by government officials may just end up "going away."

  • Disney Paid Iger $22 Million in 2006 Monday, 15 Jan 2007 | 2:34 AM ET

    Robert Iger, president and chief executive of Walt Disney, received $22 million in compensation last year, not including stock option grants, according to the company's annual proxy statement filed Friday.