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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.
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.