August 31, 2009
Directorship's 10th Annual Boardroom Leaders Forum
The 10th Annual Boardroom Leaders Forum convenes the most advanced thinkers in corporate governance, regulation, shareholders, and leading directors and CEOs, as well as political and regulatory leaders in global business.
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August 10, 2009
Pay Czar Meets With Executives As Compensation Deadline Looms
The Washington Post (8/9, A1, Dennis, Tse) reported on its front page, "President Obama's compensation czar has been meeting for weeks with executives at some of the country's largest and most troubled companies as they face a Thursday deadline to propose how much they will pay their top employees." Kenneth R. Feinberg has the "unprecedented task of deciding executive compensation at seven companies that received large government bailouts." With Congress and the public "already exasperated by the hefty pay awarded to Wall Street bankers, Feinberg is under intense pressure to put checks on excessive pay." But if he "goes too far, the companies he oversees could lose their rainmakers and other key executives to rival firms that are not subject to similar pay restrictions." The seven companies are "still finalizing the pay plans due Thursday" and "all seek to give employees an incentive to care about the long-term health of their company instead of short-term gain."
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