CFOs saw an increase in pay last year as responsibilities for non-financial issues, including operations and strategy, expanded, sources say. Moreover, the Covid-19 pandemic is driving a redoubled focus on operations and emergency planning from CFOs, and some companies are bringing in battle-hardened finance veterans to tackle the issues related to the crisis. However, it…
Companies including Altria Group, CVS Health and Intel are the latest to have failed say on pay so far this proxy season, as investors zero in on longtime compensation issues that have been magnified by the coronavirus pandemic. Indeed, investors are carefully scrutinizing how pay, strategy and performance will align to weather the storm. Shareholders may react to perceived failings…
Investors are pushing companies to address things like hazard pay and whether temporary policies and practices related to employees need to stay in place as businesses transition out of the depth of the pandemic. Yesterday, New York City comptroller Scott Stringer sent a letter to the Amazon board’s leadership development and compensation committee asking chair Judith McGrath to address at its upcoming annual…
According to a review of SEC filings by S&P 500 companies by MyLogIQ, as of May 11: 273 S&P 500 companies have switched to virtual meetings 146 S&P 500 companies have suspended share buybacks 50 S&P 500 companies have suspended or cut dividends 37 S&P 500 companies have instituted job freezes 91 S&P 500 companies have cut executive…
According to a review of SEC filings by S&P 500 companies by MyLogIQ, as of May 4: 264 S&P 500 companies have switched to virtual meetings 113 S&P 500 companies have suspended share buybacks 42 S&P 500 companies have suspended or cut dividends 28 S&P 500 companies have instituted job freezes 83 S&P 500 companies have cut executive…
As companies revamp annual meeting formats in light of the Covid-19 pandemic, investors and governance experts are warning boards that if investors perceive that the shift to virtual meetings is limiting shareholder rights, they will retaliate next year. According to a review of SEC filings by S&P 500 companies by public company intelligence provider MyLogIQ, as of April…
According to a review of SEC filings by S&P 500 companies by MyLogIQ, as of April 27: 113 S&P 500 companies have switched to virtual meetings 65 S&P 500 companies have suspended share buybacks 25 S&P 500 companies have suspended dividends 17 S&P 500 companies have instituted job freezes 69 S&P 500 companies have cut executive compensation 31…
The biggest companies in the United States are about to report an overall negative earnings quarter for the first time since the Great Recession of 2009. In the wrenching wake of the pandemic, boards had better conserve cash against a sharp recession and corporate losses, financial experts say. That puts dividends in the cross hairs….
According to a review of SEC filings by S&P 500 companies by MyLogIQ, as of April 14: 65 S&P 500 companies have switched to virtual meetings 43 S&P 500 companies have suspended share buybacks 16 S&P 500 companies have suspended dividends 13 S&P 500 companies have instituted job freezes 47 S&P 500 companies have cut executive compensation (base…
The coronavirus pandemic has turned investor dialogue upside down ascompanies go dark on negotiations and investors reset priorities at the start of an unprecedented proxy season. Shareholders have filed a host of proposals for the 2020 proxy season, once again largely focusing on environmental and social issues. Indeed, issues such as climate change, gender pay…