A two-person board committee? They exist—even at some of America’s biggest companies. The committees that figure out the pay for top executives at Yahoo Inc. and Alphabet Inc., the parent of Google, have only two board members. That’s also true for the committees that recommend new directors for Chipotle Mexican Grill Inc. and Netflix Inc. A two-member committee “is out of step with… Continue reading Two-Person Board Committees Exist at Some Big Firms
Category: WSJ
Inside America’s Boardrooms
Inside America’s Boardrooms See how the biggest U.S. companies stack up in terms of board pay, independence and women directors. The Wall Street Journal has analyzed the boards of directors at S&P 500 companies. Note: Data based on latest proxies filed by S&P 500 members as of Oct. 30. Market capitalizations as of Oct. 30.… Continue reading Inside America’s Boardrooms
U.S. Corporations Increasingly Adjust to Mind the GAAP
A financial obfuscation of the dot-com era is making a comeback: Hundreds of U.S. companies are trumpeting adjusted net income, adjusted sales and “adjusted Ebitda.” These adjusted measures paint a rosier picture of corporate earnings. Without them, third-quarter earnings per share fell 13% for the biggest U.S. companies, according to Deutsche Bank research, instead of falling 0.1%… Continue reading U.S. Corporations Increasingly Adjust to Mind the GAAP