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Shareholders approve pay package for Microsoft CEO, top executives
trueA majority of shareholders approved Microsoft Corp.’s executive pay package for CEO Satya Nadella and four other top executives.
Pension funds take sides on Microsoft executive pay package
truePension funds have lined up on different sides on the issue of Microsoft Corp.’s executive pay package for CEO Satya Nadella and four other top executives.
CalPERS staff bonuses up 14% to $9 million in fiscal year 2014
trueCalPERS paid $9 million in staff bonuses in fiscal year 2014, up 14% from the previous year.
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.
Hedge fund portfolio managers' compensation expected to rise 8% — report
truePortfolio managers at hedge fund companies managing more than $4 billion can expect an 8% rise in total 2014 compensation — base salary plus performance bonus — compared to 2013, estimated Glocap Search, a money management recruiter.
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 ...
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.
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.
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.
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.
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.
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.
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.
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
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 ...