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Hedge fund pay up 16%, but trails private equity, venture capital – 2 reports
trueHedge fund employees expect their total average annual compensation in 2013 to be $330,000, up 16% from the prior year, according to the results of a survey of hedge fund managers conducted in October and November by Benchmark Compensation.
Aberdeen Asset Management shareholders set aside pension fund opposition on pay
trueAberdeen Asset Management shareholders on Thursday by overwhelming margins voted in support of the company's executive pay program and the election of all directors, despite some pension fund opposition.
Institutional investors believe CEOs are overpaid — survey
trueSome 72% of institutional investors believe the U.S. executive pay model has led to excessive CEO compensation levels, almost four times the 20% of corporate directors holding such a view.
OTPP on say-on-pay in 2014: Go ahead, make my day
trueOntario Teachers' Pension Plan will have a shorter fuse in taking a tougher approach this year in say-on-pay proxy voting, including voting against board members when it sees a disconnect between executive compensation and corporate performance, according to revisions to its corporate governance ...
Illinois SURS on lookout for compensation consultant
trueIllinois State Universities Retirement System issued an RFP for consulting firms to provide a comprehensive compensation study of its 120 staff positions.
Johnson Associates: Managers' bonuses expected to jump 10% to 15%
trueMoney management professionals can expect to see a jump of 10% to 15% over last year's bonus payouts, according to projections from compensation consultant Johnson Associates.
CalPERS doubles employee bonuses as losses recouped
trueCalPERS doubled bonuses to its staff as the $278.3 billion fund recouped losses suffered in the recession.
Oracle shareholders reject executive pay, again
trueOracle Corp. shareholders rejected the pay packages of CEO Larry Ellison and other executives, hewing to the calls by institutional investors and a proxy adviser that said their compensation is out of sync with the company's performance.
DiNapoli: Washington 'dysfunction' to dent Wall Street profits in 2nd half of year
trueWall Street produced $10.1 billion in profits for the first half of the year, but second-half profits could be suppressed due to “dysfunction” in Washington, higher interest rates and greater litigation costs.
CEO pay disclosure seen as costly burden that won't help investors — Towers Watson
trueOnly one in 10 compensation professionals at U.S. corporations believes CEO pay ratio disclosure will provide useful information for investors and companies, according to results of a survey by Towers Watson.
Blacktone's Schwarzman regrets selling BlackRock in 1994
trueSteve Schwarzman said his decision 19 years ago to sell what would become the world's largest money manager was a “heroic” mistake.
CEO-to-worker pay ratio disclosure proposed by SEC
trueA divided U.S. Securities and Exchange Commission proposed that public companies disclose how much more their chief executives earn than rank-and-file workers.
Putnam sees growth, but profits proving more elusive
truePutnam Investments LLC hasn't been contributing many profits to parent Power Financial Corp. since the money manager was acquired by the Canadian firm in 2007.
CEO, CFO pay leveling off, study finds
trueThe median compensation for CEOs fell 0.3% last year compared with a year earlier, while it rose only 1.4% for CFOs, according to a study of pay trends released Tuesday by Compensation Advisory Partners.
A new level for incentives
trueProposals for performance-based pay for directors - potentially paying in the millions of dollars, as arose in two proxy proposals this year - should draw more attention to the compensation structure for corporate board members.