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Wisconsin Investment Board increases staff incentive compensation by 66% for 2013
trueState of Wisconsin Investment Board, Madison, paid $13.3 million to staff in incentive compensation for 2013, rewarding performance for exceeding benchmark returns largely over the previous five years.
CalSTRS updates proxy votes on Coca-Cola in support of compensation proposals
trueCalSTRS reversed its position on Coca-Cola Co. and will now support the pay package of Muhtar Kent, the company's chairman and CEO, and other top executives, according to the pension fund's proxy voting disclosure.
Investors split on Coca-Cola proxy proposals
trueTwo pension funds, a money manager and a proxy-voting advisory firm have lined up in their shareholder voting on opposing sides of Coca-Cola Co.'s proxy proposals on election of directors, executive pay programs, but most support a proposal for an independent chairman.
Ontario Teachers to vote against Coca-Cola compensation and equity plans
trueOntario Teachers’ Pension Plan, Toronto, will vote against Coca-Cola Co.’s 2014 executive compensation and equity plan, according to the C$140.8 billion (US$128.9 billion) plan’s website.
3 withdraw shareholder-access resolution at Disney
trueCalSTRS, Connecticut Retirement Plans & Trust Funds and Legal & General Investment Management withdrew their proposal at Walt Disney Co. calling for shareholder access to corporate proxy material to nominate directors, according to a webcast of the company's annual meeting Tuesday.
Wall Street bonus pool up 15% last year
trueWall Street's bonus pool rose 15% to $26.7 billion in 2013, fueled by compensation deferred from prior years, according to estimates by New York state Comptroller Thomas DiNapoli.
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.