Watch breaking news videos and read news updates about Compensation on pionline.com
Gross sues PIMCO, calls out executives for appetite for riskier, higher-fee strategies
trueWilliam H. Gross filed a lawsuit against PIMCO and parent company Allianz SE, alleging he was wrongfully driven out as the firm's chief investment officer by executives seeking financial gain.
Pay way up, stock way down
trueIt shows that corporate governance efforts to tie senior executive pay to performance are still failing and that boards of directors are failing in their responsibilities.
NYC Retirement Systems gives significant pay raises to leaders
trueNew York City Retirement Systems raised the pay of Chief Investment Officer Scott Evans 56% to $350,000 as part of an effort to increase salaries of top executives in the $163.4 billion pension system.
Los Angeles County Employees wants consultant to study fees paid to private equity managers
trueLos Angeles County Employees Retirement Association is searching for a consultant to retroactively recalculate and verify that private equity fees and expenses on a subset of active private equity funds were charged in accordance to the limited partnership agreements.
CEO pay at S&P 500 companies rises 10.6% in 2014
trueThe median total compensation of CEOs of Standard & Poor's 500 companies reached $11.29 million in 2014, a 10.6% rise driven mostly by increases in CEO defined benefit retirement values.
Towers Watson: Director compensation modestly increases in 2014
trueMedian director total compensation rose to an even $250,000 in 2014, a 4% increase from the previous year, said a Towers Watson report released Thursday that analyzed 470 publicly traded companies on the Fortune 500 list.
Pension funds must pay up
trueRecent moves by the Florida State Board of Administration and the New York City Retirement Systems to adopt new compensation plans to raise the pay of investment professionals on staff recognize the constant challenge public pension funds have in competing with the private sector to attract and ...
SEC approves CEO pay ratio rule
truePublic companies must disclose the ratio of CEO pay to median employee pay under a rule adopted Wednesday by the Securities and Exchange Commission.
Public pension plans make strides in staff pay
trueTwo large public pension plans recently adopted new compensation plans executives hope will enable them to recruit and retain key investment professionals.
403(b) plan costs declining — report
trueAverage asset-weighted total plan costs for 403(b) plans dropped to 51 basis points in 2012, down from 59 basis points in 2009, said a report released Tuesday by the Investment Company Institute and BrightScope.
Lawmakers propose bill to end carried interest
truePrivate equity and other private fund managers would pay regular tax rates under a legislative proposal introduced Thursday that would end carried interest.
Florida State Board adopts incentive compensation plan to help retain staff
trueFlorida State Board of Administration trustees Tuesday approved an incentive compensation plan for Ashbel C. Williams Jr., executive director and chief investment officer, and the rest of the investment staff, its first such comprehensive program.
IRS to halt issuing certain determination letters
trueThe IRS' plan to stop issuing some determination letters, necessary proof for companies that their retirement plans are tax qualified, puts plan executives into the hot seat.
FIFA employees win World Cup of compensation vs. high finance
trueLooking for a big payday? Forget working at hedge funds or in trading. Join FIFA! The average annual salary of an employee of soccer's international governing body is $242,000, compared with $194,000 for traders and $180,000 at hedge funds. That's according to Emolument.com, a compensation ...
Drilling deeper in corporate pay
trueAsset owners and other institutional shareholders face a new corporate governance issue to wrestle with as a result of a proposed Securities and Exchange Commission rule dealing with corporate compensation.