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Johnson Associates: Money manager bonuses expected to be flat to 10% higher
trueMoney management professionals can expect to see anywhere between no change and a 10% jump from last year's bonus payouts, according to projections from compensation consultant Johnson Associates.
Harvard compensation increases 50% for top 6 endowment officials
trueHarvard University paid its top six endowment officials $49.3 million total in 2013, up 50.3% from what the top six executives earned the year before, said university spokesman Jeff Neal.
Pension funds line up against Chipotle pay package
trueTwo big pension funds have lined up against Chipotle Mexican Grill Inc.'s executive pay package for Steve Ells, chairman of the company's board and co-CEO; Montgomery F. Moran, co-CEO; and two other top executives.
SEC approves pay-for-performance requirement for companies
trueThe Securities and Exchange Commission on Wednesday approved new pay-for-performance requirement that means companies must now disclose the relationship between executive compensation and financial performance of the company.
Barrick shareholders reject executive compensation resolution
trueBarrick Gold Corp. shareholders overwhelmingly voted on Tuesday against the company's executive compensation resolution.
CalSTRS to oppose Coca-Cola's compensation committee members, executive compensation
trueCalSTRS said it will oppose the appointment of four of Coca-Cola Co.'s 15-member board of directors, all members of its compensation committee, and will vote against CEO Muhtar Kent's $25.2 million compensation.
Canadian pension funds line up against Barrick Gold executive compensation
trueThe C$238.8 billion ($194.9 billion) Canada Pension Plan Investment Board, C$154.4 billion Ontario Teachers' Pension Plan and C$114 billion British Columbia Investment Management Corp. said they will vote against Barrick Gold Corp.'s non-binding say-on-pay vote for its executive compensation.
Comparing money manager CEO pay
trueSee fives years of CEO pay data from 15 leading publicly-traded asset management firms.
BlackRock's Fink top earner, proxies show
trueBlackRock Inc. Chairman and CEO Laurence D. Fink earned $23.9 million last year, the highest-paid executive among publicly traded money management firms that have so far disclosed 2014 compensation information.
BlackRock's Fink gets $23.9 million payday for 2014
trueBlackRock Chairman and CEO Laurence D. Fink received a 4% pay increase from the year before, the company's proxy statement, released Friday, shows.
Wisconsin Investment Board pays investment staff $10.3 million incentive compensation
trueState of Wisconsin Investment Board, Madison, paid $11.9 million in incentive compensation to staff in 2014 for exceeding investment performance benchmarks over the past five years.
Towers Watson: Pay-for-performance disclosures dip in 2014 proxy statements
trueSome 27% of the largest U.S. companies included an executive pay-for-performance discussion in their 2014 proxy statements, down from 28% the previous year, a Towers Watson analysis released Thursday found.
Exxon Mobil to disclose sustainability metrics in setting executive pay
trueWespath Investment Management, the investment division of the Glenview, Ill.-based $21 billion General Board of Pension and Health Benefits of The United Methodist Church, agreed to withdraw a shareholder proposal at Exxon Mobil Corp. after the company agreed to disclose sustainability-related ...
Towers Watson: Large companies increasing stock ownership requirements for executives
trueLarge companies are stepping up their corporate stock ownership requirements for their CEOs and other executives to strengthen the link between shareholder and management interests, Towers Watson found in an analysis released Tuesday.
Starbucks CEO, 5 executives facing opposition on pay
trueThe compensation of Starbucks Corp.’s CEO and five other top executives faces opposition from CalSTRS, Ontario Teachers’ Pension Plan and the Florida State Board of Administration.