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Report: Compensation Levels Mostly Unchanged Year-Over-Year, but Cash Compensation Lower and Partially Offset by Equity Opportunities apnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from apnews.com Daily Mail and Mail on Sunday newspapers.
General Electric shareholders are denying Larry Culp a $ 230 million payment General Electric shareholders voted against Larry Culp’s $ 230 million payment package on Tuesday, extending a wave of activism for investors over large bonuses in U.S. companies this year. According to the first results, 57.7% of shareholders rejected the payment packages of the industrial conglomerate for their directors. Investors opposed the fact that Culpen’s salary plan was rewritten last year in a way that would make it easier to earn bonuses during the pandemic. GE management extended Culp’s contract and reduced the share price, earned share bonuses and nearly doubled the share he would receive. ....
CEOs Responding to Georgia's Voting Laws Isn't About Benevolence. businessinsider.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from businessinsider.com Daily Mail and Mail on Sunday newspapers.
Corporate Boards Will Get More Diverse In 2021 With Social Justice Jolt, New Regs, Covid Impact Deadline 12/30/2020 A bold proposal by the Nasdaq stock exchange early this month may give U.S. corporate boards the biggest nudge yet to seat diverse directors increasingly seen as key to both good business and social justice as investors across industries focus more on melding the two. For decades, 57-year-old white men (on average), often without term limits presided over “male, pale and stale” boards. That’s been changing. Boards have slowly opened to women. A social justice awakening last summer promises more opportunity for minorities. And the global pandemic may have cracked the idea of boards wide open, forcing companies in entertainment and elsewhere to rethink businesses and seek directors with a diversity of age, thought and experience. Movement on boards will be a big thing to watch for in 2021. ....
A new study from The Conference Board provided exclusively to CNBC shows that only 71 companies within the Russell 3000 Index announced CEO changes in that period, 11% lower than average turnover in the two prior years. Additional data from staffing firm Challenger, Gray & Christmas shows that the second quarter was the lowest quarter for CEO turnover since 2008, as far back as its data goes. It s like people eating comfort food, said Rosabeth Moss Kanter, a Harvard Business School professor. With the onset of the pandemic and corresponding economic crisis making so much unknown, employees need to hear from someone they know and respect about what s going on and companies want to minimize additional sources of uncertainty. ....