Compensation

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  1. PIMCO paid Gross $290 million bonus in 2013 after trailing peers

    truePacific Investment Management Co. paid former Chief Investment Officer William H. Gross a bonus of about $290 million in 2013, a year in which his Total Return Fund trailed a majority of its peers, showed documents provided to Bloomberg by someone with knowledge of PIMCO's bonus policies.

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  1. NYC comptroller targets 75 companies in groundbreaking proxy access initiative

    trueNew York City Retirement Systems filed proxy access proposals with 75 companies, the largest such initiative to give shareholders a greater voice in nominating members of corporate boards of directors, said a news release Thursday from Scott M. Stringer, New York City comptroller, who oversees the ...

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  2. Money management incentive compensation expected to rise — report

    trueWith market appreciation and positive inflows boosting assets under management for traditional money managers and hedge funds thus far in 2014, industrywide incentive compensation is expected to rise, said a new report by Greenwich Associates and Johnson Associates.

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  3. Delaware County pension fund sues Simon Property over executive compensation

    trueSimon Property Group Inc., seeking to avoid investor litigation, earlier this year eliminated a $120 million stock award to David Simon, chairman and CEO, in favor of a performance-based bonus.

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  4. Coca-Cola reduces shareholder approved executive equity plan

    trueCoca-Cola Co. announced Wednesday it is backtracking somewhat from its executive equity plan approved in a shareholder vote in April that received opposition from some major pension funds, which called it excessive.

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  5. APG creates suggested compensation guidelines for portfolio companies

    trueAPG Asset Management has set guidelines on how much executives at publicly traded European companies in its global portfolio should be paid, the firm said in a statement.

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  6. U.K. money management staff increases 3.4% in 2013 — report

    trueThe number of staffers employed by U.K.-headquartered money management firms increased 3.4% to 31,800 employees for the year ended Dec. 31, said the Investment Management Association.

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  7. Harvard endowment compensation sparks letter from alumni

    trueA group of alumni that has previously criticized Harvard University for how much it pays its endowment managers is again finding fault after compensation more than doubled in three years at the university's investment arm.

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  8. Say-on-pay support flat from 2013

    trueCompanies won an average 90% level of shareholder support for the compensation of their CEOs and other top executives in say-on-pay voting this year through June 30, said a Towers Watson report released Wednesday based on the findings of 2,168 companies in the Russell 3000.

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  9. Towers Watson: Executive compensation support unchanged so far in 2014

    trueSeventy-three percent of companies won at least 90% of the shareholder vote in support of their executive compensation practices based on results of 2,132 companies in the Russell 3000 index reporting results this year through June 20

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  10. Towers Watson: Executive compensation support up slightly this year

    trueSeventy-four percent of companies achieved at least 90% of the shareholder vote in support of their executive compensation practices, up from 73% in all of last year, according to a Towers Watson report, based on voting results of 1,452 companies in the Russell 3000 stock index reporting through ...

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  11. McDonald's shareholders ratify CEO's pay despite opposition by CalPERS

    trueMcDonald's Corp. shareholders on Thursday voted to ratify the compensation of Donald Thompson, president and CEO, and four other top executives by a 93.5% vote, despite opposition by CalPERS.

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  12. J.P. Morgan Chase shareholders approve executive pay by 78% vote

    trueJ.P. Morgan Chase & Co. shareholders Tuesday approved the compensation of James “Jamie” Dimon, chairman and CEO, and four other senior executives at the company by a vote of 77.9%, according to preliminary results announced at its annual meeting.

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  13. Harvard pay rises 11% for top 6 endowment officials

    trueHarvard University paid its top six endowment officials $32.8 million total in 2012, up 11% from the year before.

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