E-commerce has had a massive effect on just about every aspect of the retail industry; it was only a matter of time before it started to affect executive compensation. The Wall Street Journal reports that for the first time, retail’s three highest-paid CEOs all came from tech companies, rather than traditional retail chains. TripAdvisor Inc. CEO Stephen Kaufer took… Continue reading Highest-Paid Retail CEOs Come From Tech Firms
Category: Agenda
Wave of New Recruits Join Boards
After years in which many board members privately claimed that it was too difficult to find qualified women to serve as board members, 2018 is on pace to become a year in which a record number of women join boards. The Wall Street Journal reports that women represented close to one third of new board members recruited to… Continue reading Wave of New Recruits Join Boards
Media CEOs Out-Earned Peers Despite Performance Woes
Media company CEOs took home sky-high pay packages last year compared to peers in other industries — sometimes regardless of their company’s stock performance, according to a new report by The Wall Street Journal that examined executive pay levels at S&P 500 companies. Median pay for media titans was $28.7 million in 2017, compared to $12.1 million… Continue reading Media CEOs Out-Earned Peers Despite Performance Woes
Raises to Lead Director Retainers Continue
As more boards see the breadth and depth of the lead director role expanding, committees charged with director compensation oversight are recommending the institution of new retainers for lead directors and, in some cases, doubling the retainer already in place. For example, Adobe Systems instituted a $50,000 retainer for its lead director in the past year, while Leucadia… Continue reading Raises to Lead Director Retainers Continue
Spikes in Director Retirements, Resignations
Director departures have ticked up over the past four years, and according to an Agenda investigation, there appear to be several factors behind the shift. Pressure from activists, investors focused on board refreshment and diversity and an overall reckoning with gaps in board skills have led to monthly spikes in director departures stretching back to 2015, according… Continue reading Spikes in Director Retirements, Resignations
Age Limits Fuel Surge of New Directors
As a wave of mandatory retirements breaks over boards, nominating and governance committees are recruiting and onboarding a passel of new directors to fill the empty seats. … Delayed Retirements Now Due According to SEC filings analyzer MyLogIQ, other boards such as BB&T , Caterpillar , Dr. Pepper Snapple Group, Edison International, Hanesbrands, Hess, Mattel, S&P Global, TE Connectivity and Western Union saw a board member leave due to mandatory retirement policies.… Continue reading Age Limits Fuel Surge of New Directors
Board Moves: Women Directors Now One-Third Strong
Two milestone, end-of-year board appointments made within a week of each other have increased the representation of women directors at two Fortune 100 companies. Women board members now make up one third of the directors at Allstate and Bank of America. In addition, the Allstate board is now made up of 50% women and directors of color, and… Continue reading Board Moves: Women Directors Now One-Third Strong
New ISS Policy a Warning Shot for Boards
A new ISS policy geared toward reining in excessive pay among boards could also result in greater scrutiny of board perquisites or pay elements that ISS views as problematic, particularly for companies planning to seek shareholder approval of director pay. The proxy advisory firm last week provided more details about how it will consider director compensation plans… Continue reading New ISS Policy a Warning Shot for Boards