“AT and T Inc. CEO Randall Stephenson took more than an ego hit when his company was unable to complete its $39 billion purchase of T-Mobile USA Inc. The failed deal also cost him more than $2 million.”
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“Arcelormittal’s chief executive and chairman Lakshmi Mittal earned a 5.3% rise in his annual compensation in 2011, according to the steel giant’s latest annual report released Wednesday.”
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“Members of Ford’s board of directors as well as Edsel B. Ford II received bumps in compensation in 2012 according to a filing today with the Securities and Exchange Commission.”
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“Daimler AG (DAI), the world’s third- largest maker of luxury cars, reduced the compensation of Chief Executive Officer Dieter Zetsche even after posting record profit in 2011.”
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“Government-backed mortgage giants Fannie Mae and Freddie Mac have spent nearly $100 million since 2004 to defend three former executives from lawsuits and other investigations, part of a mounting set of legal bills for the troubled companies, according to a newly released report from the inspector general of the Federal Housing Finance Agency.”
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“Bank of America Corp. Chief Executive Brian Moynihan took a steep pay cut for 2011, a year in which the company relinquished its crown as the nation’s biggest bank by assets and its shares posted the steepest decline in the Dow Jones Industrial Average.”
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“Companies will be forced to claw back bonuses from their executives when their accounts are materially misstated, under federal government changes designed to realign executive pay with profit performance. “
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“Lloyds Banking Group will strip 13 directors of about £2 million in bonuses as a penalty for a financial scandal that cost the taxpayer-backed bank £3.2 billion last year.”
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“In an online forum, Harvard Law School Professor Lucian Bebchuk engaged in a debate with Ohio State University Professor Rene Stulz regarding the role executive compensation played in the financial crisis.”
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“Executive compensation continues to be in the headlines. Following the Occupy movement—which triggered an increased interest in wealth disparity—more regulations are emerging.”
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