Shareholders rejecting fewer pay packages this year — report

Shareholders voted their shares on average 91% to ratify executive compensation in advisory say-on-pay voting so far this proxy season, said a Willis Towers Watson report released Wednesday, reflecting 1,501 companies in the Russell 3000 stock index from Jan. 1 through June 3.

At 24, or 1.6%, of the companies, a majority rejected the pay packages in the non-binding voting.

By contrast, in all of last year, 61, or 2.8%, of the companies failed to receive a majority vote in support of the executive pay, although overall shareholders also approved pay at a 91% average level, based on 2,143 companies in the Russell 3000 reporting results.

“We look at changes in support year-over-year that might indicate some level of concern,” said Brian Myers, executive compensation consultant at Willis Towers Watson, in an interview. Since the beginning of the say-on-pay voting requirement in 2011, “the trend … in support has been around 90%,” Mr. Myers said. “I don’t think there are any surprises.”

BY BARRY B. BURR | JUNE 8, 2016 3:31 PM | UPDATED 3:35 PM, pENSIONS & INVESTMENTS

READ MORE HERE.

How new OT laws affect compensation for recent grads, employers

This will affect many lower level food service and hospitality management positions classified as exempt under the FLSA, says Kager. If the positions are to remain exempt, employers will need to raise compensation to the new minimum. This alternative may be appropriate for jobs that will be required to work substantial overtime. If a compensation increase to the new minimum is not feasible, employers will reclassify the positions as non-exempt and be required to pay overtime for hours worked over 40 in a week.

Deciding the appropriate action will entail a comparison of the two alternatives based on historic hours worked. This could have an additional effect on employees.

“There may be psychological issues to consider if employees have their positions changed from exempt to non-exempt, requiring good communication about the change,” says Kager. “This could be considered by some employees as a demotion.”

College Recruiter, June 03, 2016 by Matt Krumrie

Read more here.

200 Highest-Paid CEOs 2016

he New York Times recently published its coverage of the annual Equilar 200 study, which analyzes the highest-paid CEOs at U.S. public companies*. The 2016 Equilar 200 marks the 10th consecutive year of a partnership with The New York Times to deliver data on top-paid executives. 

The introductory page of this feature shows the Top 10 highest-paid CEOs. Below that, there is a link to the full list of the 200 highest-paid CEOs in an interactive chart that allows you to sort by pay, change in compensation year over year, company revenue and total shareholder return (TSR) to see how pay aligns with company performance and shareholder return. You may also download that information in an Excel sheet by filling out the form to your right.

EQUILAR, The New York Times, May 27, 2016

Read more here.