Where CEO pay climbed and performance sank last year Danaher and United Parcel Service were among roughly 60 firms in the Russell 1000 index at which total shareholder return sank last year while their CEOs’ pay climbed, according to data from the Securities and Exchange Commission’s pay-versus-performance disclosures. Less than a quarter of major companies…
Jury is still out on the impact of the compensation rule. Year two of the Securities and Exchange Commission’s pay-versus-performance disclosure is in the books for most public companies, but how the data will be used remains to be seen. Even so, next year, companies will need to provide much more expansive disclosures under the…
The SEC has revisited its pay-versus-performance disclosure rule with a fresh batch of question-and-answer guidance about various technical aspects of the one-year old rule. The guidance, in the form of nine compliance and disclosure interpretations (CD&Is), generally addresses how companies should treat valuation issues and metrics for the purposes of calculating figures in the disclosure…