WASHINGTON (MarketWatch) — More than four in 10 institutional investors say their “say on pay” vote doesn’t end up influencing how company executives are paid, according to a new study from Stanford Graduate School of Business.
Perhaps equally worrisome for small investors, who rely on money managers to represent their interests, just one in four of those professionals said they understand the way executives will receive payouts under long-term performance plans.
The findings come after the Securities and Exchange Commission in 2011 began requiring nonbinding shareholders vote on executive compensation at least once every three years, under the Dodd-Frank financial reform law.
Feb 17, 2015, Eric Garcia, Reporter
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Tuesday, March 3, 2015
Blue Cross top executive gets big raise, lower overall compensation
The release Friday of Blue Cross and Blue Shield of N.C.’s executive compensation for 2014 reopens the debate about what is fair and competitive for a not-for-profit health system to offer.
Brad Wilson, its chief executive and president, received a 5.6 percent raise in salary to $947,862. His bonus decreased 13 percent to $1.8 million. Total compensation was $2.83 million, down 4.7 percent from 2013, but up 13.9 percent from 2012.
Friday, February 27, 2015,
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Brad Wilson, its chief executive and president, received a 5.6 percent raise in salary to $947,862. His bonus decreased 13 percent to $1.8 million. Total compensation was $2.83 million, down 4.7 percent from 2013, but up 13.9 percent from 2012.
Friday, February 27, 2015,
Read more here.
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