C-Suite Insight Magazine

February 22, 2012

C-Suite Insight — Wed, 22 Feb 2012 18:45:44 +0000

Robert A. Kotick joined KO as Board Member.
Charles L. Palmer was elected to the Board of Directors (ALCO).
Morgan K. O'Brien was elected to the Board of Directors (MATW).
Edward F. Crawley stepped down as Board Member from ORB.
Mark E. Seremet is now a President, CEO and Interim Principal Financial Officer at ZOOG.

AT and T CEO Takes Compensation Hit – The Deal Pipeline

C-Suite — Wed, 22 Feb 2012 18:08:13 +0000

February 14, 2012 – Read Full Article

“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.”

ArcelorMittal CEO’s Annual Compensation Up 5.3% – Market Watch

C-Suite — Wed, 22 Feb 2012 18:02:53 +0000

February 22, 2012 – Read Full Article

“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.”

Ford Directors Get Compensation Boost, SEC Filing Shows – Detroit Free Press

C-Suite — Wed, 22 Feb 2012 18:01:00 +0000

February 22, 2012 – Read Full Article

“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.”

Daimler Decreases Chief Zetsche’s Pay After Record Profit – Bloomberg

C-Suite — Wed, 22 Feb 2012 17:59:39 +0000

February 22, 2012 – Read Full Article

“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.”

Fannie Mae, Freddie Mac Spent $100 Million on Former Executives’ Legal Bills – The Washington Post

C-Suite — Wed, 22 Feb 2012 17:57:59 +0000

February 22, 2012 – Read Full Article

“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.”

February 21, 2012

C-Suite Insight — Tue, 21 Feb 2012 18:59:07 +0000

Brian Hesje joined AMTY as Board Member.
John R. Belk was elected to the Board of Directors (RDK).
James W. Lanning was elected to the Board of Directors (IMKTA).
David A. Rector stepped down as SVP, CFO and Chief Accounting Officer from ZIPR.
John Peter McLaughlin is now a President, CEO and Acting CFO at PDLI.

BofA CEO Takes Pay Cut – The Wall Street Journal

C-Suite — Tue, 21 Feb 2012 18:30:35 +0000

February 17, 2012 – Read Full Article

“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.”

Federal Law to Target Executive Bonuses – The Australian

C-Suite — Tue, 21 Feb 2012 18:29:02 +0000

February 22, 2012 – Read Full Article

“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.”

Lloyds Bank Strips 13 Directors of More Than £2 Million in Bonuses – The Telegraph

C-Suite — Tue, 21 Feb 2012 18:26:59 +0000

February 21, 2012 – Read Full Article

“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.”