Other World Views this week:| MON | TUE | WED | | FRI | U.S. companies are cutting back on the annual bonuses and long-term incentives they pay their executives, according to a survey. Watson Wyatt’s The Effect of the Economy on Executive Compensation Programs survey of 264 companies across a variety of industries found […]
Despite the less than optimal economic circumstances in Canada, companies polled in Mercer’s 2009 Compensation Planning Survey say that they are still committed to investing in talent and that they recognize the need to have the right people in their organizations. “We haven’t reached a recession yet in Canada, but we are weakening at the […]
Are executives overcompensated or is it mostly media hype? That’s just one of the questions speakers strove to answer at Executive Compensation 2008, a forum recently held in Toronto to discuss new developments, ideas and solutions in executive compensation, sponsored by Osler, Hoskin and Harcourt LLP. Sandra Cohen, a partner practicing executive compensation law at […]
The median value of accumulated pension benefits for chief executives running companies in the S&P 500 rose to US$6.1 million in 2007, according to a study by executive compensation research firm Equilar. The increase was a 29.5% jump from 2006’s median value of $4.7 million. The prevalence of chief executives with accumulated pension benefits was […]
A new study finds that institutional investors and corporate directors are at odds on the future of the American executive pay model, but agree that the current system has hurt corporate America’s image. Conducted by Watson Wyatt Worldwide, the study finds that 63% of directors feel the system is improving, compared to only 36% of […]
Given a choice between stardom and civil service, which career would you choose? If you’re like most Canadians you’d favour the siren song of a steady job and a good pension over the glitz and glamour of the entertainment industry, according to a survey. The RBC sanctioned poll found that 34% of respondents prefer a […]
A significant number of large U.S. companies don’t plan to reveal performance goals for their executive pay programs in their 2008 proxy statement, according to a Watson Wyatt poll. It found only 42% of firms will disclose on their proxy what the specific goals that were used in their executive compensation plans for the 2007 […]
Hank McKinnell, Pfizer’s former chief executive, is expected to receive pension benefits worth US$82.3 million. He will also get $77.9 million in deferred compensation as well as cash and stock exceeding $20.7 million. McKinnell could also receive an additional $18.3 million stock award, which is contingent on Pfizer’s future share performance. The total amount he […]
About 400 unionized employees at Cameco’s McArthur River and Key Lake uranium operations have accepted a contract settlement offer from the company. They voted in favour of a new four-year contract that provides a 21.5% wage increase over the period, further wage increases for journeypersons and enhanced benefits. “This contract rewards our workers and their […]
THE TALENT MARKET IS SIZZLING IN WESTERN CANADA. From Vancouver to Winnipeg, organizations now expect ever-increasing bottom-line results and are striving to achieve this goal with talent who present interesting generational and cultural challenges. They need creative solutions. Some key findings in an Aon survey done in Alberta show that employers are adding flexibility to […]