CEO / Chief Executive
AIG Adopts Clawback Policy, Employee Incentive Plans
American International Group, the insurer whose government bailout was marked by controversy over executive salaries, on Wednesday said its board adopted a clawback policy to recover compensation in ...
Analysis: Shareholder Revolt Over Pay Unlikely in Europe This Spring
While politicians and public have fulminated against lottery-sized pay awards in Europe's boardrooms, fund firms, which wield the real power, are less concerned by such excesses and unlikely to use ...
Greenberg’s View: ‘White Blackbirds’ Make Corporate Culture Fly
Sixty years ago, a 27-year old U.S. Army officer stormed into the suite of the vice president of a Manhattan insurance company to complain about being snubbed by the firm's personnel director. The ...
Should Firms Tie Bonuses to Competitors’ Performance?
The Federal Reserve is pushing banks to ignore competitors' performance when awarding bonuses, and focus squarely on their own profitability, according to pay consultants and other people familiar ...
CEOs Get Merger Bonus When Selling Firms Cheaply
In about one in every four deals, the CEO of an acquired firm is awarded a merger bonus. Also, target shareholders receive inferior premiums when their firms are sold, while their CEOs received a ...
The Greenberg Interview: Spitzer, AIG, Bailout, Foreign Trade and More
The near-collapse of American International Group (AIG) in 2008 came about because of the scare tactics and political ambition of one man—then New York Attorney General Eliot Spitzer, according to ...
One-Click Vote Button Vanishing From Proxy Sites; Reaction To SEC Concerns
Pressured by regulators, websites that help collect shareholders' votes have removed a button that set all votes as recommended by boards of directors—a controversial design that seemed to give an ...
Buffett’s Salary Unchanged for 25 Years
Warren Buffett's total compensation declined 14 percent last year to $423,923 as Berkshire Hathaway spent less on his security, but his salary remained unchanged at $100,000. Buffett's salary for ...