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When a chief executive’s contract is renewed, we tend to see pay rise, perks expand and change-in-control provisions become more generous. So we admit to being a little surprised when we saw the new agreement City National (CYN) inked with its chairman and CEO, Russell Goldsmith. The agreement was disclosed in an 8-K filed on [...]
The filings are pouring in fast and furiously today, but the footnoted staff is taking time out to share some celebratory news that’s definitely worth a gold star… maybe even two! We’ve come across several companies that are eliminating one of the grossest perks out there – the tax gross-up. Anyone who wades through proxies [...]
When it’s time to make executive compensation decisions, companies seek input from several sources. Those usually include the Compensation committee, the executives themselves, and outside consulting companies that specialize in researching what other executives at the ubiquitous “peer companies” earn. But Comp committees often act as though shareholders – like children born in the 1950s [...]
We’ve certainly picked on cruise line Carnival Corp. (CCL) and its Chairman and CEO, Micky Arison over the years for some unusual perks like Miami Heat tickets and corporate jet usage (see here and here among others). But as we were reading the company’s recent proxy, we actually came across a footnote that seemed worth [...]
Last week’s celebrity telethon and other appeals raised a lot of money for relief efforts in Haiti, where current estimates are that the January 12 earthquake in Port-au-Prince affected 3 million people and killed more than 112,000. We wondered if any publicly-traded companies had filed SEC documents that mentioned efforts to help the beleaguered nation, where [...]
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