Archive for May 24th, 2009

U.S. may loosen pay caps for bankers

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Published in Delaware Online May 24, 2009 by Christine Harper, Pat Weschler, Matthew Benjamin of Bloomberg News

Wall Street expects the U. S. to loosen compensation caps for banks that received taxpayer aid, three months after Merrill Lynch & Co.’s $3.6 billion in bonuses drive Congress to impose them, according to executives at four of the country’s biggest financial firms.

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Novel ideas surface for U.S. banks’ executive pay

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Published in Reuters on May 24, 2009 by Dena Aubin and Corbett B. Daly

As the Obama administration looks for ways to reform executive pay in the banking industry, novel ideas are surfacing on how to move away from stock options as a key component of compensation.

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CEO Pay: Shareholders yearning for a say

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Published in The Chicago Tribune May 24, 2009 by Ameet Sachdev

For the first time in Motorola Inc.’s history, shareholders this year had a chance to vote on the company’s management-compensation practices. More than a third gave them a thumbs down.

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Elect a Dissident, and You May Win a Prize

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Published in The New York Times May 24, 2009 by Gretchen Morgenson

After decades of being shut out of the director election process by the Securities and Exchange Commission, shareholders scored a big win last week. The agency is considering making it easier for investors to nominate alternative directors to corporate boards.
 

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It’s Pragmatism, not Socialism

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expert perspective telescopeExpert Perspective by Grahall’s Michael Dennis Graham.

A Wall Street Journal News Alert published May 20, 2009 titled “U.S. to Inject More Than $7 Billion Into GMAC, May Become Majority Owner” got me thinking about socialism in America and its history in the arena of employee benefits. 
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Filed under: Expert Perspective