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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.
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.